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

    385 Kuliouou Rd, Unit A Honolulu, HI 96821

    Sponsored
    For Sale
    $1,498,000

    MULTI_FAMILY - Other - Honolulu, HI

    Property size:
    4,003 SF
    Lot size:
    0.17 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 2 at 2:06 am

    Property Features for 385 Kuliouou Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 5, Bedroom 8, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 7, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 6
    Bedrooms
    8
    Bathrooms
    4
    APN
    1-3-8-006-027-0000
    Parking
    6
    Parking features
    On Street, Carport, Driveway
    Interior features
    Bedroom on Main Level, Full Bath on Main Level
    Exterior features
    Landscaping
    Fencing
    Fenced
    Size
    4,003 SF
    Lot size
    0.17 Acres

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1942
    Floors in Building
    2
    Flooring type
    Tile - Ceramic, Vinyl, Carpet
    Building materials
    Vinyl Siding, Wood Frame
    Architectural style
    Other
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Paul Kealoha Fritz

    eXp Realty (808) 725-2794

    Listing agent Paul Kealoha Fritz (808) 725-2794 License #RS-86968

    Listing date Feb 27, 2026

    MLS# 202604120 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

    Spacious Multi-Family Home in Honolulu

    Located in the Kuliouou / Kalani Iki neighborhood, this mid-century home offers space and versatility. Situated on a level 7,485 sq ft lot, the property features approximately 4,003 sq ft of interior living area. Originally built in 1942 and remodeled in 1967, the residence features a generously sized and adaptable floor plan with 8+ bedrooms and 4 bathrooms. Multiple living areas create separation and privacy, making the layout well-suited for extended households, multi-generational living, or those needing dedicated work, hobby, or guest spaces. The interior offers ample square footage to modernize to fit a variety of needs. The level lot provides room for outdoor enjoyment and potential expansion, subject to buyer verification. Conveniently positioned away from the main thoroughfare while still close to beaches, hiking trails, parks, schools, and daily conveniences. The property is located in Honolulu, HI 96821.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.724239
    Latitude
    21.291652

    Nearby Similar for Sale

    • New
      $345,000

      Waikiki Commercial Office Space

      Rare commercial office space in Waikiki's vibrant Eaton Square.
      400 Hobron Ln, Honolulu, HI 96815
      View Details
    • New
      $150,000
      1,977 SF

      Turn-Key Restaurant in Honolulu

      Restaurant space with outdoor seating in Kakaako area.
      401 Kamakee St, Honolulu, HI 96814
      View Details
    • $500,000

      Turnkey Chinese Restaurant in Honolulu

      Established Chinese restaurant for sale in Honolulu, high-traffic location.
      1450 Ala Moana Blvd, Honolulu, HI 96814
      View Details
    • $30,000
      554 SF

      Retail Store in Chinatown

      Prime retail space in Honolulu's busy Chinatown district.
      1120 Maunakea St, Honolulu, HI 96817
      View Details
    • Contact for pricing

      Turn-Key Restaurant in Honolulu

      Prime restaurant space in a high-traffic Honolulu location.
      909 Kapiolani Blvd, Honolulu, HI 96814
      View Details
    • $52,000

      Honolulu Office with City Views

      Prime corner office space with flexible layout and covered parking.
      1314 S King St, Honolulu, HI 96814
      View Details
    • $50,000
      498 SF

      Honolulu Office Space For Sale

      Move-in-ready office space in a prime Honolulu location.
      1314 S King St, Honolulu, HI 96814
      View Details
    • $175,000

      Turn-Key Restaurant Near Ala Moana

      Restaurant near Ala Moana Center with strong reputation.
      1232 Waimanu St, Honolulu, HI 96814
      View Details
    • New
      $1,900,000
      4,400 SF

      Honolulu Warehouse in Kalihi I-2

      Warehouse in Kalihi I-2 corridor with convenient access.
      1818 Kahai St, Honolulu, HI 96819
      View Details
    • $240,000

      Honolulu Medical Office Space

      Prime medical office space in Honolulu, convenient location near hospitals.
      321 N Kuakini St, Honolulu, HI 96817
      View Details
    • $4,650,000

      Honolulu Office Building For Sale

      Two-story office building in Honolulu with PV system and elevator.
      1320 N School St, Honolulu, HI 96817
      View Details
    • $120,000

      Honolulu Commercial Space For Sale

      Ground-floor commercial unit in Honolulu, ideal for various business types.
      1750 Kalakaua Ave, Honolulu, HI 96826
      View Details

    FAQs

    What type of property is this?
    Single family property - Large mid-century home in Kuliouou/Kalani Iki neighborhood.
    Where is this single family property located?
    The property is located at 385 Kuliouou Rd, Unit A Honolulu, HI.
    What is the asking price?
    The asking price for this property is $1,498,000.
    What are key features of this property?
    This property features: - Spacious living with approximately 4,003 sq ft of interior space.; - Desirable Kuliouou / Kalani Iki neighborhood.; - Versatile floor plan featuring 8+ bedrooms and 4 bathrooms, ideal for multi-generational living.
    (808) 849-0852
    Request Owner's contact information
    385 Kuliouou Rd, Unit A Honolulu, HI 96821
    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.
    385 Kuliouou Rd, Unit A
    Honolulu, HI 96821
    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
    385 Kuliouou Rd, Unit A Honolulu, HI 96821
    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
    Paul Kealoha Fritz
    Real Estate License ID: RS-86968
    (808) 849-0852 (808) 725-2794
    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!