Five-Unit Multifamily
New
For Sale
$550,000
15-1721 25th Ave, Keaau, HI 96749
Three separate buildings include a triplex, a two-bedroom cabin, and a one-bedroom cottage.
Property Size1,556 SF
Lot Size1.00 Acre
Price / SF$353.47
Days on Market7
Property Features for 15-1721 25th Ave
General Information
Standard status
Active
Size
1,556 SF
Lot size
1.00 Acre
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
Fixer cabin
Additional Details
Asking Price
$550,000
Road Access
Yes
Multifamily Units
5
Building Details
Year Built
1972
Buildings
3
Listing Agency:
Coldwell Banker Island Properties - Hilo
(303) 974-5742
Listed By:
Oasis Hawai'i
(808) 209-0033
Source:
Myoasishawaii
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 24 at 4:40PM
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 Island Properties - Hilo
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Investment Insights
Based on property information with market context.
This multifamily property occupies a 1-acre parcel and comprises three buildings with five rental units. The main building is configured as a triplex with five bedrooms and two bathrooms. A separate two-bedroom cabin is identified as a fixer, and the other detached cottage has one bedroom and one bathroom. The property size is listed as 1,556, and the year built is 1972.
Water is supplied by a catchment system, and the property is in Lava Zone 3. The address is on 25th Ave in Keaau, with access to amenities in Hilo and Pāhoa.
Water is supplied by a catchment system, and the property is in Lava Zone 3. The address is on 25th Ave in Keaau, with access to amenities in Hilo and Pāhoa.
Key Highlights
- Five rental units across three buildings on a 1‑acre parcel
- Main triplex includes 5 bedrooms and 2 bathrooms
- Separate 2‑bedroom cabin identified as a fixer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,373
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,460
$427.5K
Cap Rate 7%
$305,329
$305.3K
Cap Rate 9%
$237,478
$237.5K
Market Conditions
NOI Build-Up for 1,556 SF
Gross rent
$40.1K $25.80/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$38.9K $24.97/SF
− OpEx
−$17.5K −$11.24/SF
NOI
$21.4K $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%
$427,460
Cap Rate 7%
$305,329
Cap Rate 9%
$237,478
Alternative Uses
Best Use
Apartment 5plus
$305.3K
$267.2K – $356.2K
NOI $21,373 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$531.0K
$464.7K – $619.5K
NOI $37,172 @ 7.0% cap · market cap 6.76%
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
Paved road access
Location Intelligence
Demographics for 96749, HI
20,503
Population
7,545
Households
2.7
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
59.8 sq mi
ZIP Area
343
Density / Sq Mi
$74,633
Median Household Income
$41,366
Median Earnings
$1,268
Median Rent
$396,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three separate buildings include a triplex, a two-bedroom cabin, and a one-bedroom cottage.
Where is this multifamily property located?
The property is located at 15-1721 25th Ave Keaau, HI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Five rental units across three buildings on a 1‑acre parcel; Main triplex includes 5 bedrooms and 2 bathrooms; Separate 2‑bedroom cabin identified as a fixer
