Split-Level Multifamily
2308 Liloa Rise Honolulu, HI 96822
2308 Liloa Rise, Honolulu, HI, 96822
$2,215,000
For Sale
Under Contract
$2,215,000
MULTI_FAMILY - Other - Honolulu, HI
Property Size3,502 SF
Price / SF$632.50
Days on Market55
Property Features for 2308 Liloa Rise
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bonus Room, Bedroom 7, Bathroom 3, Bathroom 5, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 4
- Parking
- 6
- Parking features
- Garage, Carport, On Street, Driveway
- Pets allowed
- Call
- Interior features
- Bedroom on Main Level, Full Bath on Main Level
- Fencing
- Fenced
- Standard status
- Active Under Contract
- APN
- 1-2-9-006-050-0000
- Size
- 3,502 SF
Taxes and HOA fees
- Tax Annual Amount
- 7271
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 1969
- Floors in Building
- 2
- Flooring type
- Carpet, Hardwood
- Building materials
- Brick, Vinyl Siding, Wood Frame
- Architectural style
- Other
Listing Agency
Locations LLC
(808) 735-4200
1288 Ala Moana Blvd. Suite 220, Honolulu, HI
Listed by
Tom Mukai · License #RB-11789
(808) 722-1307
Added: May 26 Checked: Jul 19 at 3:06 am
MLS# 202601989
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.
Investment Insights
Based on property information with market context.
This custom-built split-level residence offers flexible living with multiple separate areas. The property includes a 3-bedroom, 1-bath lower level unit with a wet bar, along with an upper level featuring 3 bedrooms and 2.5 baths. An additional ohana unit above the garage provides extra versatility.
The home is situated at the corner of Liloa Rise and Kamehameha Ave in the College Hills area of lower Manoa. Public remarks indicate proximity to the University of Hawaii, Punahou School, and Mid-Pacific Institute.
Additional features noted include 18 photovoltaic panels, a replacement asphalt shingle roof scheduled for completion in April 2026, and tent fumigation scheduled for March 2026. There are two laundry rooms (inside and outside) and a long driveway accommodating four additional cars. The interior is noted as needing remodeling to enhance condition and value.
The home is situated at the corner of Liloa Rise and Kamehameha Ave in the College Hills area of lower Manoa. Public remarks indicate proximity to the University of Hawaii, Punahou School, and Mid-Pacific Institute.
Additional features noted include 18 photovoltaic panels, a replacement asphalt shingle roof scheduled for completion in April 2026, and tent fumigation scheduled for March 2026. There are two laundry rooms (inside and outside) and a long driveway accommodating four additional cars. The interior is noted as needing remodeling to enhance condition and value.
Key Highlights
- Split‑level home with 6 bedrooms and 4.5 baths plus OHANA; total living area listed as 3,502 SF
- Lower level configured as a 3‑bedroom, 1‑bath unit (950 SF) with wet bar and interior access to the upper level
- Upper level features 3 bedrooms and 2.5 baths (2,072 SF)
Local Financial Insights For Multifamily LT 5
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 | $107.2k | $30.60 |
| − Vacancy | −$7.5k | −$2.15 |
| EGI | $99.6k | $28.45 |
| − OpEx | −$29.9k | −$8.53 |
| NOI | $69.7k | $19.91 |
3,502 SF · lease $30.60/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$996.3K
$871.7K – $1.16M
NOI $69,739 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$917.3K
$802.6K – $1.07M
NOI $64,208 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,317 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Split-level home includes upper and lower units plus an ohana, with multiple bedrooms, baths, and on-site laundry options.
Where is this duplex located?
The property is located at 2308 Liloa Rise Honolulu, HI.
What is the asking price?
The asking price for this property is $2,215,000.
What are key features of this property?
This property features: Split‑level home with 6 bedrooms and 4.5 baths plus OHANA; total living area listed as 3,502 SF; Lower level configured as a 3‑bedroom, 1‑bath unit (950 SF) with wet bar and interior access to the upper level; Upper level features 3 bedrooms and 2.5 baths (2,072 SF)
