Two-Unit Residential Income
87-102 Kulaaupuni Street Waianae, HI 96792
87-102 Kulaaupuni Street, Waianae, HI, 96792
$825,000
For Sale
Under Contract
$825,000
MULTI_FAMILY - Other - Waianae, HI
Property Size2,230 SF
Price / SF$369.96
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 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Parking
- 4
- Parking features
- Garage
- Interior features
- Bedroom on Main Level, Full Bath on Main Level
- Fencing
- Fenced
- Standard status
- Active Under Contract
- APN
- 1-8-7-039-044-0001
- Size
- 2,230 SF
Taxes and HOA fees
- Tax Annual Amount
- 1380
Utilities
- Utilities
- Water Available
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 2
- Flooring type
- Tile - Ceramic, Hardwood, Laminate
- Building materials
- Double Wall, Masonry, Stucco
- 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# 202600197
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.
Newly built residential income property configured as a two-level home, with the upper level featuring 3 bedrooms, 2 baths, and a full kitchen with stainless steel appliances. The lower level includes 2 bedrooms, 1 bath, and a wet bar, supporting flexible living options.
The property provides parking for up to four vehicles, with possible additional side parking. It is located in Maili, near Maili Elementary School, with minutes to the beach and a short drive to Ko Olina and Kapolei for dining and shopping.
The layout is designed to accommodate separate living spaces within one structure, and the home is offered without HOA.
The property provides parking for up to four vehicles, with possible additional side parking. It is located in Maili, near Maili Elementary School, with minutes to the beach and a short drive to Ko Olina and Kapolei for dining and shopping.
The layout is designed to accommodate separate living spaces within one structure, and the home is offered without HOA.
Key Highlights
- Under construction 5‑bedroom, 3‑bath home (Year Built 2023) in Maili
- Flexible layout: upper level has 3 bedrooms, 2 baths, and a full kitchen with stainless steel appliances
- Lower level includes 2 bedrooms, 1 bath, plus a wet bar for added flexibility
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 5.38%
Second Best
Apartment 5plus
$584.1K
$511.1K – $681.5K
NOI $40,887 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$903.5K
$790.5K – $1.05M
NOI $63,243 @ 7.0% cap · market cap 7.67%
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 - Newly built duplex-style home offers two levels with full kitchens and flexible living arrangements.
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 $825,000.
What are key features of this property?
This property features: Under construction 5‑bedroom, 3‑bath home (Year Built 2023) in Maili; Flexible layout: upper level has 3 bedrooms, 2 baths, and a full kitchen with stainless steel appliances; Lower level includes 2 bedrooms, 1 bath, plus a wet bar for added flexibility
