Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1223 Neal Ave Wahiawa, HI 96786

    View on Map
    Sponsored
    For Sale
    $997,500

    MULTI_FAMILY - Wahiawa, HI

    Days on Market:
    1
    Last Refresh:
    Mar 10 at 8:06 pm

    Property Features for 1223 Neal Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    1-7-4-020-107-0000
    Parking
    4
    Parking features
    Covered
    Appliances
    Dryer, Washer

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    Building Details

    Year built
    1956
    Floors in Building
    1
    Number of units
    2
    Building materials
    Hollow Tile, Masonry, Single Wall, Stucco, Wood Frame

    We can help!

    Listing Contact
    David J Sterman

    STERMAN REALTY (808) 637-6200

    Listing agent David J Sterman (808) 637-6200 License #RS-78812

    Listing date Mar 10, 2026

    MLS# 202605340 Listing URL

    Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wahiawa Legal Duplex Opportunity

    This well-maintained duplex is located in Wahiawa. The property features two 2-bedroom, 1-bath units, totaling 4 bedrooms and 2 bathrooms. Each unit includes separate laundry facilities. The property also offers a spacious yard and outdoor storage. It is suitable for homeowners and investors, offering flexibility to live in one unit while renting the other, or maximizing its potential as a full investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Wahiawa
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.02223
    Latitude
    21.497449

    Nearby Similar for Sale

    • New
      $997,500
      1,265 SF

      Legal Duplex in Wahiawa

      Well-maintained duplex with two units and spacious yard.
      1223 Neal Ave, Wahiawa, HI 96786
      View Details
    • $150,000

      Wahiawa Commercial Property For Sale

      Free-standing convenience store/restaurant with parking and high visibility.
      198 S Kamehameha Hwy, Wahiawa, HI 96786
      View Details
    • $1,550,000

      Wahiawa Multifamily Investment Opportunity

      Multifamily property in stellar location with income and growth potential.
      174 Wilikina Dr, Wahiawa, HI 96786
      View Details
    • $8,250,000

      Wahiawa Multifamily Investment Opportunity

      Centrally located Wahiawa apartment building with income growth potential.
      55 Walker Ave, Wahiawa, HI 96786
      View Details
    • $1,550,000

      Wahiawa Multifamily Investment Opportunity

      Multifamily property in Wahiawa with income potential.
      174 Wilikina Dr, Wahiawa, HI 96786
      View Details
    • $8,250,000

      Wahiawa Apartment Building For Sale

      Centrally-located Wahiawa apartment building with 36 units and 33 parking.
      55 Walker Ave, Wahiawa, HI 96786
      View Details
    • $1,980,000

      Wahiawa Multifamily Investment Opportunity

      Eleven-unit apartment building in a desirable location with recent upgrades.
      142 Lakeview Cir, Wahiawa, HI 96786
      View Details
    • $1,033,600

      Agricultural Land Near Dole Plantation

      Fee simple agricultural land suitable for various crops near Dole.
      64-1320 Kamehameha Hwy, Wahiawa, HI 96786
      View Details
    • $1,100,000

      Mixed-Use Property in Wahiawa

      Mixed-use property with commercial space and residential unit in Wahiawa.
      117 Mango St, Wahiawa, HI 96786
      View Details
    • $1,775,000

      Kilani Avenue Commercial Building For Sale

      4,500 sq. ft. building on a 9,964 sq. ft. lot.
      650 Kilani Ave, Wahiawa, HI 96786
      View Details
    • $868,000

      Renovated Multifamily Property in Wahiawa

      Well-maintained multifamily property with renovated units and income potential.
      231 Lehua St, Wahiawa, HI 96786
      View Details
    • $150,000

      Freestanding Storefront on Corner Lot

      Well-maintained store/restaurant with parking, high visibility, and traffic.
      198 S Kamehameha Hwy, Wahiawa, HI 96786
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Wahiawa with two units and spacious yard.
    Where is this duplex located?
    The property is located at 1223 Neal Ave Wahiawa, HI.
    What is the asking price?
    The asking price for this property is $997,500.
    What are key features of this property?
    This property features: - Legal duplex offers flexibility for homeowners or investors; - Two 2-bedroom, 1-bath units (4 bedrooms / 2 bathrooms total); - Separate laundry for each unit
    (808) 371-4622
    Request Owner's contact information
    1223 Neal Ave Wahiawa, HI 96786
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1223 Neal Ave
    Wahiawa, HI 96786
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1223 Neal Ave Wahiawa, HI 96786
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David J Sterman
    Real Estate License ID: RS-78812
    (808) 371-4622 (808) 637-6200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!