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Duplex with Greenhouse

15-1485 POST OFFICE RD, Pahoa, HI 96778

For Sale
$698,000

Residential Income, Pahoa, HI

Property Size4,602 SF
Lot Size0.50 Acres
Price / SF$151.67
Days on Market261

Property Features for 15-1485 POST OFFICE RD

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning RS-10
Bedrooms 7
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 3, Bedroom 3, Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 5, Bathroom 1, Bathroom 4, Bedroom 6
Parking features Assigned
Subdivision NANAWALE HOMESTEADS
Standard status Active
APN 3150110240000
Size 4,602 SF
Lot size 0.50 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7851

Utilities

Utilities Water Available
Sewer type Cesspool
Water source Public

Building Details

Year built 1981
Flooring type Hardwood, Vinyl
Listing Agency: Nathalie Mullinix Realty Universal, Inc.
Listed By: Nathalie C Mullinix · License HI RB-17596
Added: Feb 27 Changed: Oct 24 Last Checked: Nov 14 at 12:06AM
MLS# 728335

Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This two-story duplex contains 4,602 square feet and sits on a 0.5-acre lot. Interior finishes include hardwood and vinyl flooring. The property has 7 bedrooms and 5 bathrooms, along with assigned parking. A greenhouse on the grounds is ready for restoration, and the lot also includes mature trees and space for gardening.

The property is on Post Office Road in Pahoa. The Puna Kai Shopping Center, schools, banks, parks, restaurants, a pool, and a Hele-On bus stop are described as within walking distance. Zoning is RS-10. Water is available from a public source, and the property uses a cesspool.

Key Highlights

  • 4,602‑square‑foot duplex on a 0.5‑acre lot
  • 7 bedrooms and 5 bathrooms
  • Two‑story building constructed in 1981

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$63,213
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,260 $1.3M
Cap Rate 7%
$903,043 $903.0K
Cap Rate 9%
$702,367 $702.4K
Market Conditions
NOI Build-Up for 4,602 SF
Gross rent
$118.7K $25.80/SF
− Vacancy
−$3.8K −$0.83/SF
EGI
$114.9K $24.97/SF
− OpEx
−$51.7K −$11.24/SF
NOI
$63.2K $13.74/SF
Area
Hawaii County, HI
Vacancy
3.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,260
Cap Rate 7%
$903,043
Cap Rate 9%
$702,367

Alternative Uses

Best Use
Multifamily LT 5
$985.9K
$862.7K – $1.15M (±1% cap)
NOI $69,012 @ 7.0% cap · market cap 9.89%
Second Best
Apartment 5plus
$903.0K
$790.2K – $1.05M (±1% cap)
NOI $63,213 @ 7.0% cap · market cap 9.06%
Theoretical Best
Specialty Retail
$1.57M
$1.37M – $1.83M (±1% cap)
NOI $109,940 @ 7.0% cap · market cap 15.75%
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

Yes
Paved road access

Location Intelligence

Demographics for 96778, HI

14,687
Population
6,814
Households
2.2
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
211.5 sq mi
ZIP Area
69
Density / Sq Mi
$34,863
Median Household Income
$29,821
Median Earnings
$1,321
Median Rent
$241,200
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 Duplexes in Hawaii County, HI

$303 Jul
$441 Aug
$336 Sep
$326 Oct

Properties on Market for Duplexes in Hawaii County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - A two-story layout sits on a half-acre parcel with garden space and a greenhouse requiring restoration.
Where is this duplex located?
The property is located at 15-1485 POST OFFICE RD Pahoa, HI.
What is the asking price?
The asking price for this property is $698,000.
What are key features of this property?
This property features: 4,602‑square‑foot duplex on a 0.5‑acre lot; 7 bedrooms and 5 bathrooms; Two‑story building constructed in 1981
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