Four-Unit Multifamily
1550 Davenport Place, Honolulu, HI 96822
For Sale
$2,995,000
Two duplex buildings provide varied layouts, private laundry, garages, and on-site parking.
Property Size4,788 SF
Price / SF$625.52
Days on Market109
Property Features for 1550 Davenport Place
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer/dryer
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Standard Management LLC
Listed By:
Ashley Clagstone · License HI RB-24635
(808) 518-8918
Source:
Careyluxury
Added: Jul 29
Changed: Nov 5
Last Checked: Nov 12 at 6:03PM
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 Standard Management LLC
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Investment Insights
Based on property information with market context.
This multifamily property consists of two well-maintained duplex buildings at 1550 and 1552 Davenport Place, totaling four units. The upstairs residences each include 4 bedrooms, 2 baths, hardwood flooring, granite kitchen counters, and 2-car garages. The downstairs residences each offer 3 bedrooms, 2 baths, laminate flooring, granite counters, and tandem uncovered parking. Every unit has its own washer and dryer and separate electric meter.
Constructed in 2007, the buildings feature concrete foundations, wood framing, stucco exteriors, composition shingle roofs, copper gutters, and substantial sound insulation between floors. The property is minutes from freeway access, Ala Moana Center, shopping, dining, and schools. It is offered in its existing condition.
Constructed in 2007, the buildings feature concrete foundations, wood framing, stucco exteriors, composition shingle roofs, copper gutters, and substantial sound insulation between floors. The property is minutes from freeway access, Ala Moana Center, shopping, dining, and schools. It is offered in its existing condition.
Key Highlights
- Four total units arranged across two duplex buildings at 1550 and 1552 Davenport Place
- Built in 2007 with concrete foundations, stucco exteriors, composition shingle roofs, and copper gutters
- Two upstairs 4‑bedroom/2‑bath units, each measuring 1,321 sq. ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,349
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,906,980
$1.9M
Cap Rate 7%
$1,362,129
$1.4M
Cap Rate 9%
$1,059,433
$1.1M
Market Conditions
NOI Build-Up for 4,788 SF
Gross rent
$146.5K $30.60/SF
− Vacancy
−$10.3K −$2.15/SF
EGI
$136.2K $28.45/SF
− OpEx
−$40.9K −$8.53/SF
NOI
$95.3K $19.91/SF
Area
Honolulu County, HI
Vacancy
7.03%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,906,980
Cap Rate 7%
$1,362,129
Cap Rate 9%
$1,059,433
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,349 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,787 @ 7.0% cap · market cap 2.93%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,788 @ 7.0% cap · market cap 4.53%
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
4
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
$985,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Honolulu, HI
Properties on Market for Multifamily properties in Honolulu
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two duplex buildings provide varied layouts, private laundry, garages, and on-site parking.
Where is this multifamily property located?
The property is located at 1550 Davenport Place Honolulu, HI.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Four total units arranged across two duplex buildings at 1550 and 1552 Davenport Place; Built in 2007 with concrete foundations, stucco exteriors, composition shingle roofs, and copper gutters; Two upstairs 4‑bedroom/2‑bath units, each measuring 1,321 sq. ft.
