Duplex with Covered
New
For Sale
$749,000
16-413 Napua St, Keaau, HI 96749
Two residences offer separate living spaces, photovoltaic systems, and dedicated carport and garage-workshop parking.
Property Size2,484 SF
Price / SF$301.53
Days on Market2
Property Features for 16-413 Napua St
General Information
Standard status
Active
Size
2,484 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
expansive covered lanai
custom oversized outdoor shower
full owned photovoltaic system with batteries
independent 10,000-gallon catchment systems with UV water filtration
Building Details
Year Built
1991
Construction
post-and-pier
Listing Agency:
Aloha Sotheby's Intl Realty - Hawai'i
(808) 443-6644
Listed By:
Oasis Hawai'i
(808) 209-0033
Source:
Myoasishawaii
Added: Oct 16
Last Checked: Oct 16 at 6:12AM
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 Aloha Sotheby's Intl Realty - Hawai'i
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Investment Insights
Based on property information with market context.
This duplex property includes 2,484 square feet across two homes. The primary residence has three bedrooms and two bathrooms, a separate creative office, dedicated laundry and a covered lanai measuring more than 1,400 square feet. A two-car carport and separate three-car garage/workshop provide vehicle and project space. The home is listed with a 1991 build year and new appliances from 2026. Its owned photovoltaic system and batteries use grid power as backup.
The second home has two bedrooms and one bathroom and was built in 2022. It has its own photovoltaic system, batteries, generator, septic system and on-demand hot water; this dwelling was built without permits. Each residence has an independent 10,000-gallon catchment system with UV filtration. The primary system has a recently replaced liner, cover and piping. The grounds include mature fruit trees and edible plants.
The second home has two bedrooms and one bathroom and was built in 2022. It has its own photovoltaic system, batteries, generator, septic system and on-demand hot water; this dwelling was built without permits. Each residence has an independent 10,000-gallon catchment system with UV filtration. The primary system has a recently replaced liner, cover and piping. The grounds include mature fruit trees and edible plants.
Key Highlights
- Two residences totaling 2,484 square feet
- Primary home: 3 bedrooms, 2 bathrooms, and a covered lanai over 1,400 SF
- Second dwelling has 2 bedrooms and 1 bathroom; built in 2022 without permits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,250
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,000
$745.0K
Cap Rate 7%
$532,143
$532.1K
Cap Rate 9%
$413,889
$413.9K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$55.1K $22.20/SF
− Vacancy
−$1.9K −$0.78/SF
EGI
$53.2K $21.42/SF
− OpEx
−$16.0K −$6.43/SF
NOI
$37.3K $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%
$745,000
Cap Rate 7%
$532,143
Cap Rate 9%
$413,889
Alternative Uses
Best Use
Multifamily LT 5
$532.1K
$465.6K – $620.8K
NOI $37,250 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$487.4K
$426.5K – $568.7K
NOI $34,120 @ 7.0% cap · market cap 4.56%
Theoretical Best
Specialty Retail
$847.7K
$741.8K – $989.0K
NOI $59,342 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
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?
Duplex - Two residences offer separate living spaces, photovoltaic systems, and dedicated carport and garage-workshop parking.
Where is this duplex located?
The property is located at 16-413 Napua St Keaau, HI.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two residences totaling 2,484 square feet; Primary home: 3 bedrooms, 2 bathrooms, and a covered lanai over 1,400 SF; Second dwelling has 2 bedrooms and 1 bathroom; built in 2022 without permits
