5-Unit Apartment
For Sale
$1,488,000
2001 10th Ave, Honolulu, HI 96816
Five residential units offer a multi-unit configuration with substantial repair work required, including water intrusion.
Property Size3,619 SF
Price / SF$411.16
Days on Market70
Property Features for 2001 10th Ave
General Information
Standard status
Active
Size
3,619 SF
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
existing water intrusion and significant repair needs
Additional Details
Multifamily Units
5
Building Details
Year Built
1959
Listing Agency:
CBI Residential Advisory Svcs.
Listed By:
Alan J Christopher · License #RB-20664
(808) 942-7100
Source:
Paradisebrokers
Added: Jul 29
Changed: Sep 5
Last Checked: Oct 4 at 2:34PM
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 CBI Residential Advisory Svcs.
Investment Insights
Based on property information with market context.
Built in 1959, this 3,619-square-foot apartment building contains five residential units arranged as separate living spaces. The property is being offered in its current condition, with water intrusion present and significant repairs required throughout the asset. Its multi-unit configuration supports evaluation by owners considering renovation and repositioning.
Located at 2001 10th Ave in Honolulu’s Palolo Valley, the property carries a 96816 ZIP code and provides an established residential setting for a five-unit apartment asset.
Located at 2001 10th Ave in Honolulu’s Palolo Valley, the property carries a 96816 ZIP code and provides an established residential setting for a five-unit apartment asset.
Key Highlights
- Five separate residential units within one apartment building
- 3,619 square feet of building area
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,354
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,327,080
$1.3M
Cap Rate 7%
$947,914
$947.9K
Cap Rate 9%
$737,267
$737.3K
Market Conditions
NOI Build-Up for 3,619 SF
Gross rent
$130.3K $36.00/SF
− Vacancy
−$9.6K −$2.66/SF
EGI
$120.6K $33.34/SF
− OpEx
−$54.3K −$15.00/SF
NOI
$66.4K $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%
$1,327,080
Cap Rate 7%
$947,914
Cap Rate 9%
$737,267
Alternative Uses
Best Use
Apartment 5plus
$947.9K
$829.4K – $1.11M
NOI $66,354 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,635 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
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?
Apartment building - Five residential units offer a multi-unit configuration with substantial repair work required, including water intrusion.
Where is this apartment building located?
The property is located at 2001 10th Ave Honolulu, HI.
What is the asking price?
The asking price for this property is $1,488,000.
What are key features of this property?
This property features: Five separate residential units within one apartment building; 3,619 square feet of building area; Built in 1959
