10-Unit Apartment
For Sale
$3,240,000
1683 Nana St, Wailuku, HI 96793
Commercial, Wailuku, HI
Property Size10,807 SF
Lot Size0.25 Acres
Price / SF$299.81
Days on Market47
Property Features for 1683 Nana St
General Information
Property type
Commercial Sale
Property subtype
Other
View
Ocean
Subdivision
Wailuku
Standard status
Active
Size
10,807 SF
Lot size
0.25 Acres
Listing Agency:
Coldwell Banker Island Prop(S) · Coldwell Banker Real Estate
(808) 874-8668
Listed By:
Ken Smith
(808) 280-4115
Added: Sep 21
Changed: Oct 16
Last Checked: Nov 6 at 9:06AM
MLS# 410862
Copyright © 2026 Realtors ® Association of Maui, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Hale Nani is a 10-unit apartment property at 1683 Nana St in Wailuku, totaling 10,807 square feet on 0.2481 acres. The unit mix includes six two-bedroom, one-bath residences, two one-bedroom, one-bath residences and two studio, one-bath residences. Each residence is separately condominiumized and has an individual TMK. Views from the property include the ocean, harbor, Haleakala and Central Maui.
Work completed since the seller acquired the property in 2024 includes upgrades to four units, exterior stucco work, roofing and siding improvements, along with other repairs. The seller reports that major deferred-maintenance items have been addressed. The property’s pro forma cap rate is 5%.
Work completed since the seller acquired the property in 2024 includes upgrades to four units, exterior stucco work, roofing and siding improvements, along with other repairs. The seller reports that major deferred-maintenance items have been addressed. The property’s pro forma cap rate is 5%.
Key Highlights
- 10‑unit property with six 2‑bedroom/1‑bath units, two 1‑bedroom/1‑bath units and two studio/1‑bath units
- 10,807 square feet on 0.2481 acres
- Each residence is separately condominiumized and carries its own individual TMK
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$203,280
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,065,600
$4.1M
Cap Rate 7%
$2,904,000
$2.9M
Cap Rate 9%
$2,258,667
$2.3M
Market Conditions
NOI Build-Up for 10,807 SF
Gross rent
$389.1K $36.00/SF
− Vacancy
−$19.5K −$1.80/SF
EGI
$369.6K $34.20/SF
− OpEx
−$166.3K −$15.39/SF
NOI
$203.3K $18.81/SF
Area
Maui County, HI
Vacancy
5.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,065,600
Cap Rate 7%
$2,904,000
Cap Rate 9%
$2,258,667
Alternative Uses
Best Use
Apartment 5plus
$2.90M
$2.54M – $3.39M
NOI $203,280 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.37M
$3.83M – $5.10M
NOI $306,024 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
Location Intelligence
Demographics for 96793, HI
31,939
Population
11,510
Households
2.8
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
76.1 sq mi
ZIP Area
420
Density / Sq Mi
$104,220
Median Household Income
$47,026
Median Earnings
$1,797
Median Rent
$776,100
Median Home Value
Check the figures for this property
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?
Apartment building - Each residence has its own condominium designation and TMK, offering a distinct ownership structure within the property.
Where is this apartment building located?
The property is located at 1683 Nana St Wailuku, HI.
What is the asking price?
The asking price for this property is $3,240,000.
What are key features of this property?
This property features: 10‑unit property with six 2‑bedroom/1‑bath units, two 1‑bedroom/1‑bath units and two studio/1‑bath units; 10,807 square feet on 0.2481 acres; Each residence is separately condominiumized and carries its own individual TMK
