2888 Kalihi Street Honolulu, HI 96819
MULTI_FAMILY - Other - Honolulu, HI
Property Features for 2888 Kalihi Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Kitchen, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Dining Room, Bedroom 2, Living Room, Master Bedroom
- Parking
- 3
- Standard status
- Active Under Contract
- APN
- 1-1-4-009-005-0000
- Size
- 1,752 SF
Taxes and HOA fees
- Tax Annual Amount
- 2507
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 1938
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic, Vinyl, Laminate
- Building materials
- Wood Frame
- Architectural style
- Other
Listing agent Nana Isono License #RB-24156 (808) 542-5241
Listing office Corcoran Pacific Properties 4211 Waialae Avenue Suite 106, Honolulu, HI (808) 589-2040
Listing date Jul 10, 2026
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.
The home is located near Likelike Hwy, offering access to downtown Honolulu and H1 West.
Additional notes: the sellers are the second generation original owners, and the seller may require a rent-back of up to 60 days after closing.
Key Highlights
- 4BR, 2BA single‑family home built in 1938 with wood frame construction
- Basement duplex 1BR unit has its own entrance door, wet bar, and a bathroom
- Remodeled interiors with plumbing pipes updated and electrical service upgraded in 2021
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 | $53.6k | $30.60 |
| − Vacancy | −$3.8k | −$2.15 |
| EGI | $49.8k | $28.45 |
| − OpEx | −$15.0k | −$8.53 |
| NOI | $34.9k | $19.91 |
