Furnished Residential Income
For Sale
$334,000
3823 Lower Honoapiilani Rd Unit 211, Lahaina, HI 96761
Second-floor furnished ownership unit with pool and Pacific Ocean views in an oceanfront complex.
Property Size566 SF
Price / SF$590.11
Days on Market76
Property Features for 3823 Lower Honoapiilani Rd Unit 211
General Information
Standard status
Active
Size
566 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Listing Agency:
MegaVega Properties LLC
Listed By:
Robin L. Vega RB-18883
(808) 264-4753
Source:
The808team
Added: Jul 23
Changed: Sep 14
Last Checked: Oct 6 at 12:28AM
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 MegaVega Properties LLC
Investment Insights
Based on property information with market context.
This second-floor residential income unit at Hale Ono Loa offers one bedroom and one bathroom within a furnished 566-square-foot layout. Interior finishes include tile flooring, stainless steel appliances, and granite countertops. Ownership is offered for recurring seasonal periods: August 1 through October 31 or May 1 through October 31 each year.
The oceanfront complex is located in Honokowai, with views toward the pool and Pacific Ocean. Shopping, dining, and entertainment are nearby, while a bus route at the property provides access to surrounding Maui destinations. The unit was built in 1970 and is identified as Unit 211 at 3823 Lower Honoapiilani Rd, Lahaina, HI 96761.
The oceanfront complex is located in Honokowai, with views toward the pool and Pacific Ocean. Shopping, dining, and entertainment are nearby, while a bus route at the property provides access to surrounding Maui destinations. The unit was built in 1970 and is identified as Unit 211 at 3823 Lower Honoapiilani Rd, Lahaina, HI 96761.
Key Highlights
- 1‑bedroom, 1‑bathroom unit with 566 SF of interior space
- Second‑floor position with views over the pool and Pacific Ocean
- Fully furnished interior with tile floors and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,646
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,920
$212.9K
Cap Rate 7%
$152,086
$152.1K
Cap Rate 9%
$118,289
$118.3K
Market Conditions
NOI Build-Up for 566 SF
Gross rent
$20.4K $36.00/SF
− Vacancy
−$1.0K −$1.80/SF
EGI
$19.4K $34.20/SF
− OpEx
−$8.7K −$15.39/SF
NOI
$10.6K $18.81/SF
Area
Maui County, HI
Vacancy
5.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,920
Cap Rate 7%
$152,086
Cap Rate 9%
$118,289
Alternative Uses
Best Use
Apartment 5plus
$152.1K
$133.1K – $177.4K
NOI $10,646 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$229.0K
$200.4K – $267.1K
NOI $16,028 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 96761, HI
23,167
Population
11,851
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
95.3 sq mi
ZIP Area
243
Density / Sq Mi
$94,229
Median Household Income
$45,107
Median Earnings
$2,099
Median Rent
$905,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor furnished ownership unit with pool and Pacific Ocean views in an oceanfront complex.
Where is this residential income property located?
The property is located at 3823 Lower Honoapiilani Rd Unit 211 Lahaina, HI.
What is the asking price?
The asking price for this property is $334,000.
What are key features of this property?
This property features: 1‑bedroom, 1‑bathroom unit with 566 SF of interior space; Second‑floor position with views over the pool and Pacific Ocean; Fully furnished interior with tile floors and granite countertops
