5-Unit Apartment
New
For Sale
$2,500,000
1328 Kaihee Street, Honolulu, HI 96822
The residential mix comprises three two-bedroom units and two one-bedroom units.
Property Size3,972 SF
Price / SF$629.41
Days on Market7
Property Features for 1328 Kaihee Street
General Information
Standard status
Active
Size
3,972 SF
Total Parking Spaces
6
Property subtype
Industrial
Site & Location
Neighborhood
Makiki
Highway Access
Yes
Units
Unit Mix
3 x 2/2, 2 x 1/1
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$6,979
Building Details
Building Size
3,972 SF
Year Built
1976
Buildings
1
Listing Agency:
Commercial Inv. Strategies
Listed By:
Christina L Dwight · License #RB-20978
(808) 429-1098
Source:
Careyluxury
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 24 at 10:46PM
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 Commercial Inv. Strategies
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Investment Insights
Based on property information with market context.
This five-unit apartment property has three two-bedroom residences and two one-bedroom residences, with six parking spaces. Improvements include replacement trusses, plumbing and electrical systems, appliances, fixtures, and flooring. Water sub-meters and shutoffs serve four units; units 102 and 103 share one meter. A washer hookup is located at the rear ground-level unit.
The property sits at the end of a cul-de-sac, one block from Makiki Park, with freeway access. Built in 1976, it is described as a legal duplex that has been reconfigured into five units.
The property sits at the end of a cul-de-sac, one block from Makiki Park, with freeway access. Built in 1976, it is described as a legal duplex that has been reconfigured into five units.
Key Highlights
- Five units: three 2‑bedroom residences and two 1‑bedroom residences
- Six parking spaces
- Replacement trusses, plumbing, electrical systems, appliances, fixtures, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,826
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,456,520
$1.5M
Cap Rate 7%
$1,040,371
$1.0M
Cap Rate 9%
$809,178
$809.2K
Market Conditions
NOI Build-Up for 3,972 SF
Gross rent
$143.0K $36.00/SF
− Vacancy
−$10.6K −$2.66/SF
EGI
$132.4K $33.34/SF
− OpEx
−$59.6K −$15.00/SF
NOI
$72.8K $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%
$1,456,520
Cap Rate 7%
$1,040,371
Cap Rate 9%
$809,178
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$910.3K – $1.21M
NOI $72,826 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,646 @ 7.0% cap · market cap 4.51%
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
5
Residential units
Yes
Highway access
Location Intelligence
Demographics for 96822, HI
42,231
Population
19,960
Households
2.1
Avg Household Size
45
Median Age
58%
College-Educated
95%
High-School Grad
8.0 sq mi
ZIP Area
5,279
Density / Sq Mi
$95,594
Median Household Income
$49,159
Median Earnings
$1,736
Median Rent
$985,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The residential mix comprises three two-bedroom units and two one-bedroom units.
Where is this apartment building located?
The property is located at 1328 Kaihee Street Honolulu, HI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Five units: three 2‑bedroom residences and two 1‑bedroom residences; Six parking spaces; Replacement trusses, plumbing, electrical systems, appliances, fixtures, and flooring
