Three-Unit Residential Income
1634 Lusitana Street Honolulu, HI 96813
1634 Lusitana Street, Honolulu, HI, 96813
$1,228,000
For Sale
$1,228,000
Duplex plus 2-bedroom cottage with fresh exterior paint, off-street parking, and window AC units across bedrooms.
Property Size1,812 SF
Price / SF$677.70
Days on Market71
Property Features for 1634 Lusitana Street
General Information
- Standard status
- Active
- Size
- 1,812 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1926
Listing agency
Coldwell Banker Realty
(808) 351-1893
Listed by
Steph Chan · License #RB-20614
(808) 351-1893
Source
Compass
Added: May 12 Updated: Jul 21 at 3:00AM Checked: Jul 21 at 3:00AM
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 Realty
Investment Insights
Based on property information with market context.
This residential income property in Punchbowl includes a duplex and a separate 2-bedroom, 1-bath cottage. The duplex configuration offers a 2-bedroom, 1-bath upstairs unit and a 3-bedroom, 1-bath downstairs unit. Each bedroom is equipped with ceiling fan lights and window AC units, and the exterior has been freshly painted. The property is described as lovingly maintained by the owners for decades and is partially furnished. There are 4 off-street parking stalls available, supporting day-to-day convenience for residents and guests.
Metering is separated with 2 electric meters, 3 gas meters, and 2 water meters. The property is noted as not a CPR. Located at 1634 Lusitana Street in Honolulu, it is presented as a straightforward live-in or rental arrangement with a versatile unit mix.
Overall, the offering provides three distinct residential spaces: two units within the duplex and one stand-alone cottage, each with window AC and ceiling fan lighting in the bedrooms.
Metering is separated with 2 electric meters, 3 gas meters, and 2 water meters. The property is noted as not a CPR. Located at 1634 Lusitana Street in Honolulu, it is presented as a straightforward live-in or rental arrangement with a versatile unit mix.
Overall, the offering provides three distinct residential spaces: two units within the duplex and one stand-alone cottage, each with window AC and ceiling fan lighting in the bedrooms.
Key Highlights
- Duplex plus 2‑bedroom, 1‑bath cottage with fresh exterior paint
- Duplex unit mix: 2 bed/1 bath upstairs and 3 bed/1 bath downstairs
- Window AC units in bedrooms plus ceiling fan lights
Local 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 | $55.4k | $30.60 |
| − Vacancy | −$3.9k | −$2.15 |
| EGI | $51.5k | $28.45 |
| − OpEx | −$15.5k | −$8.53 |
| NOI | $36.1k | $19.91 |
1,812 SF · lease $30.60/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$515.5K
$451.1K – $601.4K
NOI $36,084 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$474.6K
$415.3K – $553.7K
NOI $33,223 @ 7.0% cap · market cap 2.71%
Theoretical Best
Specialty Retail
$734.1K
$642.4K – $856.5K
NOI $51,388 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Duplex plus 2-bedroom cottage with fresh exterior paint, off-street parking, and window AC units across bedrooms.
Where is this triplex located?
The property is located at 1634 Lusitana Street Honolulu, HI.
What is the asking price?
The asking price for this property is $1,228,000.
What are key features of this property?
This property features: Duplex plus 2‑bedroom, 1‑bath cottage with fresh exterior paint; Duplex unit mix: 2 bed/1 bath upstairs and 3 bed/1 bath downstairs; Window AC units in bedrooms plus ceiling fan lights
