Sign Up Successful!
You now have access to more from Realmo!
    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

    815 Lopez Ln Honolulu, HI 96817

    Sponsored
    For Sale
    $2,988,000

    MULTI_FAMILY - Honolulu, HI

    Days on Market:
    76
    Last Refresh:
    Jan 25 at 11:06 am

    Property Features for 815 Lopez Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    1-1-6-001-058-0000
    Parking
    4
    Parking features
    Open

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1916
    Floors in Building
    2
    Number of units
    12
    Building materials
    Wood Frame

    We can help!

    Listing Contact
    Christina L Dwight
    Christina L Dwight

    Commercial Investment Strategies, LLC (808) 429-1098

    Listing agent Christina L Dwight (808) 429-1098 License #RB-20978

    Listing date Nov 11, 2025

    MLS# 202513544 Listing URL

    Copyright © 2026 Honolulu Board of REALTORS®. 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

    Renovated Multifamily Property in Honolulu

    This renovated multifamily property consists of three structures and features 12 permitted two-bedroom units. The property has been renovated inside and out, including new electric, plumbing, kitchens, and bathrooms, windows, doors, roofs, and paint. The property is separately metered for water, electric, and gas, although the gas is not currently hooked up. The property includes private lane access and three parking spaces that are rented out for additional income. The property is located in Honolulu, HI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.866702
    Latitude
    21.323331

    Nearby Similar for Sale

    • New
      $3,900,000

      Four Homes Near Diamond Head

      Rental investment property near Kapiolani Park and Kahala Mall.
      3331 Hayden St, Honolulu, HI 96815
      View Details
    • $1,950,000
      2,799 SF

      Honolulu Multifamily Property Near University

      Renovated multifamily property near University of Hawaii and Waikiki.
      3741 Harding Ave, Honolulu, HI 96816
      View Details
    • New
      $1,544,000
      1,504 SF

      Two Detached Homes in Manoa

      Two detached homes on a corner lot near UH.
      1708 Nakiu Pl, Honolulu, HI 96822
      View Details
    • $21,000,000

      Honolulu Commercial Land with Improvements

      76+ acre Honolulu property with restaurant, theater, and retail.
      3717 Manoa Rd, Honolulu, HI 96822
      View Details
    • $2,200,000

      Honolulu Multi-Family Home with Income

      Multi-generational property with remodeled main home and separate Ohana dwelling.
      1686 Lewalani Dr, Honolulu, HI 96822
      View Details
    • $21,000,000

      Versatile Land in Honolulu

      76+ acres suitable for agriculture, restaurant, retail, or cultural attractions.
      3737 Manoa Rd, Honolulu, HI 96822
      View Details
    • $1,589,000

      Honolulu Multifamily Investment Opportunity

      Well-maintained Honolulu multifamily property with income upside potential.
      1671 Citron St, Honolulu, HI 96826
      View Details
    • $2,980,000

      Honolulu Multifamily Property Near Iolani School

      Multifamily property in a desirable Honolulu neighborhood with development potential.
      534 Kamoku St, Honolulu, HI 96826
      View Details
    • New
      $1,544,000

      Two Detached Homes Near UH

      Two detached homes on a corner lot near the University of Hawaii.
      1708 Nakiu Pl, Honolulu, HI 96822
      View Details
    • $2,000,000

      Honolulu Multifamily Restoration Opportunity

      Two-story home and cottage on a large lot in Nuuanu.
      1727 Nuuanu Ave, Honolulu, HI 96817
      View Details
    • $4,895,000

      Waialae Mixed-Use Investment Opportunity

      Mixed-use property in Waialae neighborhood with value-add potential.
      3427 Waialae Ave, Honolulu, HI 96816
      View Details
    • $1,498,000

      Honolulu Triplex with Growth Potential

      Centrally located Honolulu triplex with vacant units and expansion possibilities.
      1639 Liholiho St, Honolulu, HI 96822
      View Details

    FAQs

    What type of property is this?
    Apartment building - Completely renovated 12-unit multifamily property with strong income potential.
    Where is this apartment building located?
    The property is located at 815 Lopez Ln Honolulu, HI.
    What is the asking price?
    The asking price for this property is $2,988,000.
    What are key features of this property?
    This property features: - High return on investment (over 7.8% actual); - Completely renovated: new electric, plumbing, kitchens, bathrooms, windows, doors, and roofs.; - Legal, non-conforming 3-structure property.
    (808) 429-1098
    Request Owner's contact information
    815 Lopez Ln Honolulu, HI 96817
    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.
    815 Lopez Ln
    Honolulu, HI 96817
    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
    815 Lopez Ln Honolulu, HI 96817
    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
    Christina L Dwight
    Christina L Dwight
    Real Estate License ID: RB-20978
    (808) 429-1098
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.