14-Unit Apartment
1026 Mao Ln, Honolulu, HI 96817
For Sale
$1,599,000
Multi-unit apartment property near N. King St with convenient access to downtown Honolulu.
Property Size7,266 SF
Price / SF$220.07
Days on Market49
Property Features for 1026 Mao Ln
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Engel & Volkers Honolulu
(808) 369-8880
Listed By:
Ben Fieman · License #RB-23470
(808) 400-7007
Source:
Fieman
Added: Sep 20
Changed: Nov 6
Last Checked: Nov 6 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers Honolulu
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property contains 14 separate units and was built in 1916. The building is being offered in its existing condition, providing a defined multifamily configuration for evaluation by prospective buyers.
The property is located at 1026 Mao Lane in Honolulu’s Lower Palama/Kalihi area. N. King St is nearby, and downtown Honolulu is approximately 5 minutes away. The property’s established age, unit count, and central Honolulu setting provide the key framework for review.
The property is located at 1026 Mao Lane in Honolulu’s Lower Palama/Kalihi area. N. King St is nearby, and downtown Honolulu is approximately 5 minutes away. The property’s established age, unit count, and central Honolulu setting provide the key framework for review.
Key Highlights
- 14 separate apartment units
- Built in 1916
- Located at 1026 Mao Lane, Honolulu, HI 96817
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,221
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,664,420
$2.7M
Cap Rate 7%
$1,903,157
$1.9M
Cap Rate 9%
$1,480,233
$1.5M
Market Conditions
NOI Build-Up for 7,266 SF
Gross rent
$261.6K $36.00/SF
− Vacancy
−$19.4K −$2.66/SF
EGI
$242.2K $33.34/SF
− OpEx
−$109.0K −$15.00/SF
NOI
$133.2K $18.33/SF
Area
Honolulu County, HI
Vacancy
7.40%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,664,420
Cap Rate 7%
$1,903,157
Cap Rate 9%
$1,480,233
Alternative Uses
Best Use
Apartment 5plus
$1.90M
$1.67M – $2.22M
NOI $133,221 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.94M
$2.58M – $3.43M
NOI $206,064 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
14
Residential units
Location Intelligence
Demographics for 96817, HI
56,823
Population
21,489
Households
2.6
Avg Household Size
46
Median Age
30%
College-Educated
84%
High-School Grad
9.3 sq mi
ZIP Area
6,110
Density / Sq Mi
$74,690
Median Household Income
$42,492
Median Earnings
$1,419
Median Rent
$930,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Honolulu, HI
Properties on Market for Apartment buildings in Honolulu
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multi-unit apartment property near N. King St with convenient access to downtown Honolulu.
Where is this apartment building located?
The property is located at 1026 Mao Ln Honolulu, HI.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 14 separate apartment units; Built in 1916; Located at 1026 Mao Lane, Honolulu, HI 96817
