Duplex with Fruit
For Sale
$469,500
17-7652 KULANI RD, Mountain View, HI 96771
Residential Income, Mountain View, HI
Property Size1,352 SF
Lot Size0.18 Acres
Price / SF$347.26
Days on Market199
Property Features for 17-7652 KULANI RD
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-20
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 4
Subdivision
MOUNTAIN VIEW SUBDIVISION
Standard status
Active
APN
3170120010000
Size
1,352 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2526
HOA Fee
$211 Monthly
Utilities
Utilities
Water Available
Sewer type
Cesspool
Water source
Public
Building Details
Year built
1944
Floors in Building
2
Flooring type
Vinyl, Carpet
Listing Agency:
Nathalie Mullinix Realty Universal, Inc.
(808) 261-0350
Listed By:
Nathalie C Mullinix · License #RB-17596
(808) 327-4466
Added: Mar 13
Changed: Sep 27
Last Checked: Sep 27 at 1:06PM
MLS# 728793
Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,352 square feet with five bedrooms and four bathrooms. Built in 1944, it has vinyl and carpet flooring, and the 0.1848-acre parcel includes fruit trees and native Hawaiian greenery. The property is zoned RS-20.
A bus stop is directly across the street, with Mountain View Elementary School and a park within walking distance. Water is available from the public system, and the property uses a cesspool.
A bus stop is directly across the street, with Mountain View Elementary School and a park within walking distance. Water is available from the public system, and the property uses a cesspool.
Key Highlights
- 1,352‑square‑foot duplex with 5 bedrooms and 4 bathrooms
- 0.1848‑acre lot with fruit trees and native Hawaiian greenery
- RS‑20 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,275
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$405,500
$405.5K
Cap Rate 7%
$289,643
$289.6K
Cap Rate 9%
$225,278
$225.3K
Market Conditions
NOI Build-Up for 1,352 SF
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.
Gross rent
$30.0K $22.20/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$29.0K $21.42/SF
− OpEx
−$8.7K −$6.43/SF
NOI
$20.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$405,500
Cap Rate 7%
$289,643
Cap Rate 9%
$225,278
Alternative Uses
Best Use
Multifamily LT 5
$289.6K
$253.4K – $337.9K
NOI $20,275 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$265.3K
$232.1K – $309.5K
NOI $18,571 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$461.4K
$403.7K – $538.3K
NOI $32,299 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Demographics for 96771, HI
8,483
Population
3,144
Households
2.7
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
76.8 sq mi
ZIP Area
110
Density / Sq Mi
$59,092
Median Household Income
$32,693
Median Earnings
$1,161
Median Rent
$291,400
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
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Frequently Asked Questions
What type of property is this?
Duplex - A residential income property with fruit trees, native Hawaiian greenery, and public water service.
Where is this duplex located?
The property is located at 17-7652 KULANI RD Mountain View, HI.
What is the asking price?
The asking price for this property is $469,500.
What are key features of this property?
This property features: 1,352‑square‑foot duplex with 5 bedrooms and 4 bathrooms; 0.1848‑acre lot with fruit trees and native Hawaiian greenery; RS‑20 zoning
