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

    87-102 Kulaaupuni Street unit 2 Waianae, HI 96792

    View on Map
    For Sale
    $850,000

    MULTI_FAMILY - Other - Waianae, HI

    Property size:
    2,230 SF
    Added:
    Jan 12, 2026
    Days on Market:
    79
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for 87-102 Kulaaupuni Street unit 2

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3
    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

    TaxAnnualAmount
    1380

    Utilities

    Utilities
    Water Available
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    2
    Flooring type
    Tile - Ceramic, Hardwood, Vinyl
    Building materials
    Double Wall
    Architectural style
    Other

    We can help!

    Listing Contact
    Cannie Chum
    Cannie Chum

    Listing agent Cannie Chum License #RB-22002

    Listing office Locations LLC 1288 Ala Moana Blvd. Suite 220, Honolulu, HI

    Listing date Jan 12, 2026

    MLS# 202600198

    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.

    Overview

    Waianae Multi-Family Home

    This multi-family home offers a flexible living arrangement with 5 bedrooms and 3 baths. The upper level includes 3 bedrooms, 2 baths, and a full kitchen equipped with stainless steel appliances. The lower level features 2 bedrooms, 1 bath, and a wet bar. Parking is available for up to 4 vehicles, with the possibility of additional side parking. The property is located near Maili Elementary School and within walking distance to the beach. Ko Olina and Kapolei, offering shopping and dining options, are a short drive away. The property size is 2230 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income properties

    Map

    City
    Waianae
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.1739933
    Latitude
    21.4269341

    Nearby Similar for Sale

    • $1,899,999

      Waianae Commercial Building For Sale

      Large commercial building in Waianae with limitless possibilities.
      86-015 Farrington Highway, Waianae, HI 96792
      View Details
    • $219,000
      952 SF

      Waianae Duplex with Fenced Backyard

      Affordable duplex in Waianae, ideal for first-time buyers.
      85-209 Ala Akau Street unit: G, Waianae, HI 96792
      View Details
    • $850,000
      2,230 SF

      New Multi-Family Home in Waianae

      New 5-bedroom home in Maili near beach and amenities.
      87-102 Kulaaupuni Street unit: 1, Waianae, HI 96792
      View Details
    • $695,000

      Waianae Multifamily Investment Opportunity

      Two homes on a 10,000 sq ft lot.
      84-960 Lahaina Street, Waianae, HI 96792
      View Details
    • $799,000
      2,912 SF

      Waianae Legal Duplex with Ocean View

      Legal duplex in Waianae, HI, with ocean views and tenant occupancy.
      84-1086 Farrington Highway, Waianae, HI 96792
      View Details
    • $3,480,000

      Waianae Multi-Family Agricultural Opportunity

      Over 12-acre agricultural property with two single-family homes.
      87-1087 Apuupuu Road, Waianae, HI 96792
      View Details
    • $3,480,000

      Waianae Agricultural Property with Homes

      Over 12-acre agricultural property with two single-family homes.
      87-1087 Apuupuu Road, Waianae, HI 96792
      View Details
    • $209,000
      952 SF

      Waianae Multi-Family Home Opportunity

      Waianae multi-family property with renegotiated fixed lease until 2052.
      85-270 Ala Hema Street unit: C, Waianae, HI 96792
      View Details
    • $825,000
      1,596 SF

      Renovated Waianae Home with Views

      Renovated 5-bedroom home with ocean and mountain views.
      86-162 Kawili Street, Waianae, HI 96792
      View Details
    • $3,500,000

      Waianae Oceanfront Estate with Income

      Oceanfront estate with modern suite and charming bungalows for sale.
      84-485 FARRINGTON Highway, Waianae, HI 96792
      View Details
    • $3,700,000

      Waianae Multifamily Property Near Ocean

      Apartment property one block from the ocean with development potential.
      84-1111 Hana Street, Waianae, HI 96792
      View Details
    • $593,750
      2,002 SF

      Waianae Multi-Family Property

      Two houses on a large lot near the ocean and bus.
      84-736 Moua Street, Waianae, HI 96792
      View Details

    FAQs

    What type of property is this?
    Residential income property - 5-bedroom, 3-bath home near Maili Elementary and the beach.
    Where is this residential income property located?
    The property is located at 87-102 Kulaaupuni Street unit 2 Waianae, HI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: New construction (2024) with modern design.; 5 bedrooms and 3 bathrooms for flexible living.; Two separate living areas: full kitchen upstairs and wet bar downstairs.
    (808) 735-4200
    We can help!
    Listing Contact
    Cannie Chum
    Cannie Chum
    Real Estate License ID: RB-22002
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!