Building Details

Building Size 3,117 SF

Year Built 1992

Listing Agency: Coldwell Banker Island Properties - Hilo

Listed By: Cameron Leopoldino · License #RS-87153 Show Phone

Source: Kw

Added: Oct 10, 2025 Changed: Oct 15 Last Checked: Oct 16 at 6:30AM

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Investment Insights

Based on property information with market context.

This duplex property includes two single-family homes situated on one parcel in Kurtistown. The land has been cleared and fully fenced, while recent rehabilitation work included roof painting and pressure washing. The property’s water systems have also received attention, with catchment tanks cleaned and new water pumps and filtration systems installed. Electricity is available, and the improvements date to 1992.

Located at 16-155 Aulii St in Orchidland Estates, the property combines two residences with shared parcel ownership. The existing configuration and recent updates provide a straightforward residential income property offering, without relying on additional development or operational assumptions.

Key Highlights

• Two single‑family homes located on one parcel
• Cleared and fully fenced property in Orchidland Estates
• Roof freshly painted and pressure washed

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,743

Cap Rate

8.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$934,860 $934.9K

Cap Rate 7%

$667,757 $667.8K

Cap Rate 9%

$519,367 $519.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,117 SF

Gross rent

$69.2K $22.20/SF

− Vacancy

−$2.4K −$0.78/SF

EGI

$66.8K $21.42/SF

− OpEx

−$20.0K −$6.43/SF

NOI

$46.7K $15.00/SF

Area

Hawaii County, HI

Vacancy

3.50%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$934,860

Cap Rate 7%

$667,757

Cap Rate 9%

$519,367

Alternative Uses

Best Use

Multifamily LT 5

$667.8K

$584.3K – $779.1K (±1% cap)

NOI $46,743 @ 7.0% cap · market cap 8.06%

Second Best

Apartment 5plus

$611.6K

$535.2K – $713.6K (±1% cap)

NOI $42,815 @ 7.0% cap · market cap 7.38%

Theoretical Best

Specialty Retail

$1.06M

$930.8K – $1.24M (±1% cap)

NOI $74,464 @ 7.0% cap · market cap 12.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Location Intelligence

Demographics for 96760, HI

3,923

Population

1,768

Households

2.2

Avg Household Size

45

Median Age

23%

College-Educated

96%

High-School Grad

20.0 sq mi

ZIP Area

196

Density / Sq Mi

$96,615

Median Household Income

$27,226

Median Earnings

$1,208

Median Rent

$371,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Similar For Sale Nearby

See more

8-Bedroom Duplex Property

17-733 ALA LOOP, Kurtistown, HI 96760

$795,000

3,264 SF

View details

Permitted Three-Unit Triplex

10 IWASAKI CAMP, Kurtistown, HI 96760

$299,000

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two single-family residences occupy a cleared, fully fenced parcel with updated water-system equipment.

Where is this duplex located?

The property is located at 16-155 AULII ST Kurtistown, HI.

What is the asking price?

The asking price for this property is $580,000.

What are key features of this property?

This property features: Two single‑family homes located on one parcel; Cleared and fully fenced property in Orchidland Estates; Roof freshly painted and pressure washed