Honolulu Multifamily Investment
For Sale
$2,388,000
2021 Wilcox Lane, Honolulu, HI 96819
MULTI_FAMILY - Honolulu, HI
Property Size5,760 SF
Price / SF$414.58
Days on Market77
Property Features for 2021 Wilcox Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
46 - IMX-1 Industrial-Commercia
Parking
5
Parking features
Assigned
Appliances
Washer
Subdivision
KAPALAMA
Lot features
Cleared, Level
Standard status
Active
APN
1-1-2-012-041-0000
Taxes and HOA fees
Tax Annual Amount
6956
Utilities
Utilities
Cable Available
Water source
Public
Building Details
Year built
1965
Floors in Building
3
Number of units
9
Building materials
Hollow Tile, Concrete
Listing Agency:
CBI Residential Advisory Svcs.
(808) 942-7100
Listed By:
Alan J Christopher · License #RB-20664
(808) 942-7100
Added: May 18
Changed: Jul 15
Last Checked: Aug 2 at 3:06AM
MLS# 202609684
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.
Investment Insights
Based on property information with market context.
This multifamily property in Honolulu, HI, features nine 2-bedroom units, each approximately 640 square feet. The property generates over $16,000 per month in scheduled income and includes 5 parking stalls. Most of the units have been fully renovated. Each unit includes a lanai with washer hookups and sinks. Ground floor units feature fenced-in backyards. A new $70,000 roof was installed in November 2022 by Kapili Construction, and spall repairs have been recently completed. The property is self-managed and qualifies for 100% bonus depreciation.
Key Highlights
- High Income Potential: $16,000+/month current scheduled income.
- Recently Installed New Roof: $70,000 roof installed in 11‑2022.
- Large 2‑Bedroom Units: Nine units, approximately 640sf each.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $207.4k | $36.00 |
| − Vacancy | −$15.3k | −$2.66 |
| EGI | $192.0k | $33.34 |
| − OpEx | −$86.4k | −$15.00 |
| NOI | $105.6k | $18.33 |
5,760 SF · lease $36.00/SF/yr · vacancy 7.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,608 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.33M
$2.04M – $2.72M
NOI $163,354 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Demographics for 96819, HI
53,334
Population
13,287
Households
4
Avg Household Size
39
Median Age
22%
College-Educated
84%
High-School Grad
21.8 sq mi
ZIP Area
2,447
Density / Sq Mi
$96,346
Median Household Income
$40,897
Median Earnings
$1,789
Median Rent
$963,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit multifamily property in Honolulu with strong income potential.
Where is this apartment building located?
The property is located at 2021 Wilcox Lane Honolulu, HI.
What is the asking price?
The asking price for this property is $2,388,000.
What are key features of this property?
This property features: High Income Potential: $16,000+/month current scheduled income.; Recently Installed New Roof: $70,000 roof installed in 11‑2022.; Large 2‑Bedroom Units: Nine units, approximately 640sf each.
