Private-Entry
For Sale
$1,850,000
1628 9th Ave, Honolulu, HI 96816
Four-unit residential property with individual entrances, updated kitchen finishes, and access to transportation and neighborhood services.
Property Size4,752 SF
Price / SF$389.31
Days on Market48
Property Features for 1628 9th Ave
General Information
Standard status
Active
Size
4,752 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Building Details
Year Built
2008
Listing Agency:
Coldwell Banker Realty
Listed By:
Maria Kawananakoa · License #RS-72884
(808) 497-7967
Source:
Paradisebrokers
Added: Aug 21
Changed: Sep 11
Last Checked: Oct 5 at 8:38PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 2008, this 4,752-square-foot quadplex contains four residential units, each with three bedrooms and two bathrooms. Every unit has a separate entrance, tile flooring, natural light, granite countertops, and stainless steel appliances. The configuration provides 12 bedrooms and 8 bathrooms across the property.
The property is situated in Palolo Valley with access to public transportation, shopping, dining, and other neighborhood amenities. Major thoroughfares are also readily accessible, supporting convenient connections throughout the surrounding area.
The property is situated in Palolo Valley with access to public transportation, shopping, dining, and other neighborhood amenities. Major thoroughfares are also readily accessible, supporting convenient connections throughout the surrounding area.
Key Highlights
- Four‑unit property with 12 bedrooms and 8 bathrooms
- Each unit includes 3 bedrooms and 2 bathrooms
- 4,752‑square‑foot property built in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,632
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,892,640
$1.9M
Cap Rate 7%
$1,351,886
$1.4M
Cap Rate 9%
$1,051,467
$1.1M
Market Conditions
NOI Build-Up for 4,752 SF
Gross rent
$145.4K $30.60/SF
− Vacancy
−$10.2K −$2.15/SF
EGI
$135.2K $28.45/SF
− OpEx
−$40.6K −$8.53/SF
NOI
$94.6K $19.91/SF
Area
Honolulu County, HI
Vacancy
7.03%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,892,640
Cap Rate 7%
$1,351,886
Cap Rate 9%
$1,051,467
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,632 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,127 @ 7.0% cap · market cap 4.71%
Theoretical Best
Specialty Retail
$1.93M
$1.68M – $2.25M
NOI $134,767 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Demographics for 96816, HI
51,586
Population
19,818
Households
2.6
Avg Household Size
45
Median Age
48%
College-Educated
94%
High-School Grad
9.6 sq mi
ZIP Area
5,374
Density / Sq Mi
$114,744
Median Household Income
$48,929
Median Earnings
$1,879
Median Rent
$1,121,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with individual entrances, updated kitchen finishes, and access to transportation and neighborhood services.
Where is this quadplex located?
The property is located at 1628 9th Ave Honolulu, HI.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Four‑unit property with 12 bedrooms and 8 bathrooms; Each unit includes 3 bedrooms and 2 bathrooms; 4,752‑square‑foot property built in 2008
