Brand-New 2-Unit
87-102 Kulaaupuni Street Waianae, HI 96792
87-102 Kulaaupuni Street, Waianae, HI, 96792
$839,999
For Sale
$839,999
MULTI_FAMILY - Other - Waianae, HI
Property Size2,230 SF
Price / SF$376.68
Days on Market188
Property Features for 87-102 Kulaaupuni Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 2
- Parking
- 4
- Parking features
- Garage
- Interior features
- Bedroom on Main Level, Full Bath on Main Level
- Fencing
- Fenced
- Standard status
- Active
- APN
- 1-8-7-039-044-0002
- Size
- 2,230 SF
Taxes and HOA fees
- Tax Annual Amount
- 1380
Utilities
- Utilities
- Water Available
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 2
- Flooring type
- Hardwood, Vinyl, Tile - Ceramic
- Building materials
- Double Wall
- Architectural style
- Other
Listing Agency
Locations LLC
(808) 735-4200
1288 Ala Moana Blvd. Suite 220, Honolulu, HI
Listed by
Cannie Chum · License #RB-22002
(808) 735-4200
Added: Jan 12 Checked: Jul 19 at 3:06 am
MLS# 202600198
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 for-sale duplex offers a brand-new Unit #2 with the same design as Unit #1. The layout provides flexible living across two levels: the upper level includes three bedrooms, two baths, and a full kitchen with stainless steel appliances. The lower level features two bedrooms, one bath, and a wet bar.
Parking accommodates up to four vehicles, with possible additional side parking. The property is described as being near Maili Elementary School and within walking distance to the beach, with a short drive to Ko Olina and Kapolei for shopping and dining. No HOA is indicated in the remarks.
The home is presented as a residential income property with a two-level configuration supporting separate living spaces within the unit.
Parking accommodates up to four vehicles, with possible additional side parking. The property is described as being near Maili Elementary School and within walking distance to the beach, with a short drive to Ko Olina and Kapolei for shopping and dining. No HOA is indicated in the remarks.
The home is presented as a residential income property with a two-level configuration supporting separate living spaces within the unit.
Key Highlights
- Under construction 2024 home (Unit #2) with double wall construction
- 5‑bedroom, 3‑bath layout with flexible upper and lower living options
- Upper level has 3 bedrooms, 2 baths, and a full kitchen with stainless steel appliances
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 | $68.2k | $30.60 |
| − Vacancy | −$4.8k | −$2.15 |
| EGI | $63.4k | $28.45 |
| − OpEx | −$19.0k | −$8.53 |
| NOI | $44.4k | $19.91 |
2,230 SF · lease $30.60/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$634.4K
$555.1K – $740.2K
NOI $44,409 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$584.1K
$511.1K – $681.5K
NOI $40,887 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$903.5K
$790.5K – $1.05M
NOI $63,243 @ 7.0% cap · market cap 7.53%
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 - New 5-bedroom, 3-bath duplex unit with two levels, stainless appliances, and parking for up to four vehicles.
Where is this duplex located?
The property is located at 87-102 Kulaaupuni Street Waianae, HI.
What is the asking price?
The asking price for this property is $839,999.
What are key features of this property?
This property features: Under construction 2024 home (Unit #2) with double wall construction; 5‑bedroom, 3‑bath layout with flexible upper and lower living options; Upper level has 3 bedrooms, 2 baths, and a full kitchen with stainless steel appliances
