Four-Unit Multifamily
New
For Sale
$2,995,000
1550 Davenport Place, Honolulu, HI 96822
Two duplex buildings provide varied layouts, private laundry, garages, and on-site parking.
Property Size4,788 SF
Price / SF$625.52
Days on Market7
Property Features for 1550 Davenport Place
General Information
Standard status
Active
Size
4,788 SF
Property subtype
Duplex
Units
Unit Mix
2 x 4BR/2BA, 2 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,172
Amenities
in-unit washer/dryer
Building Details
Building Size
4,788 SF
Year Built
2007
Buildings
2
Construction
wood frame with stucco
Listing Agency:
Standard Management LLC
(808) 208-8107
Listed By:
Michael M Okamoto · License #RB-22000
(808) 208-8107
Source:
Careyluxury
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 4 at 8:54AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.5k | $30.60 |
| − Vacancy | −$10.3k | −$2.15 |
| EGI | $136.2k | $28.45 |
| − OpEx | −$40.9k | −$8.53 |
| NOI | $95.3k | $19.91 |
4,788 SF · lease $30.60/SF/yr · vacancy 7.03% · expense 30.00%
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.
Property Analytics
Current Use
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
Market
Properties on Market for Multifamily properties in Honolulu
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
