Rainbow Terrace #203 | 2873 King St #203

Description

This clean and bright one bedroom, one bath, one assigned parking condo has been renovated to include an additional den that can serve as a separate room. Bathroom is accessible from the bedroom and the den. The lanai runs the width of the unit accessible from the den and living room. Partial renovation completed in 2021 with new paint throughout, new drapery and rods, new bathroom vinyl, and new bath vanity cabinet. Preferable and quieter lower floor unit. Secured building with elevator and stairwells on either end of the building. Coin operated laundry on each floor. Maintenance fee includes water, gas for range and hot water. Private park at Diamond Head side where you may BBQ, picnic and enjoy non-alcoholic beverages. Located close to bus lines with easy freeway access. A short walk to Market City Shopping Center, shops and businesses on Kapahulu Avenue, Waialae Avenue and ~1 mile walk to the University of Hawaii. Parking is directly below unit giving you unrestricted and inexpensive alternatives for flooring. Pictures are from 2021. Currently tenant occupied

Recent Activity

Mar 17, 2025 Listed at $323,000
Mar 18, 2021 Off Market
Mar 08, 2021 Listed at $289,000

Recent Sales
(Rainbow Terrace)

#201: 1 Bd | 1 Ba @ $308K (1/10/25)
#305: 1 Bd | 1 Ba @ $317K (1/10/23)
#405: 1 Bd | 1 Ba @ $265K (5/19/21)
#308: 1 Bd | 1 Ba @ $300K (1/27/20)
#302: 1 Bd | 1 Ba @ $295K (11/29/19)
#202: 1 Bd | 1 Ba @ $279K (12/13/18)
#404: 1 Bd | 1 Ba @ $288K (6/29/17)

More Details

Owner, Tax & Resale History
HOA Fees / ft²: $1.02
Price / ft²: $567
Other Condos Price / ft²
Cash vs Financing Buyers
HOA Fees Include: Gas, Hot Water, Sewer, Water
Year Remodeled: 2005
Zoning: 32 - B-2 Community Business Dis
Flood Zone: Zone X
Elementary School: Kuhio
Middle School: Washington
High School: Kaimuki
Furnished: Partial
Property Condition: Above Average,Average
Owner Occupancy: 42%
Management Company: Hawaiiana
Security Features: Keyed Elevator
Amenities: BBQ, Community Laundry, Private Yard, Trash Chute
TMK: 1-2-7-27-28-4
Tax Assessed Land: $177,900
Tax Assessed Improvements: $175,600
Tax Assessed Total: $353,500
Courtesy: Aloha American Realty Inc / (808) 833-3701
MLS: 202507033

About Rainbow Terrace

Address: 2873 South King Street, Honolulu, HI 96826.
Built: 1969, 4 Stories, 33 Units, 1BR, Pets: No.
Amenities: None.
Short-term Vacation Renting: Not Allowed.

Rainbow Terrace, located at the eastern edge of Moiliili near Kapahulu, Kaimuki, and the University of Hawaii, has a photovoltaic system to help offset energy use. Units are 1BR/1BA with 570 sq ft interiors and lanais of 60 or 80 sq ft, offering views of the city skyline, Manoa Valley, and the Koolau Mountains.

Other Condos

The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 08, 2025.Information is deemed reliable but not guaranteed.

Other Kapiolani Condos

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