Residential Income Triplex
1932 Dole Street Honolulu, HI 96822
1932 Dole Street, Honolulu, HI, 96822
$1,299,990
For Sale
Under Contract
$1,299,990
CONDOS - Cottage - Honolulu, HI
Property Size1,846 SF
Price / SF$704.22
Days on Market73
Property Features for 1932 Dole Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 1
- Parking
- 3
- Parking features
- Carport
- Fencing
- Fenced
- Standard status
- Active Under Contract
- APN
- 1-2-8-013-070-0000
- Size
- 1,846 SF
Taxes and HOA fees
- Tax Annual Amount
- 4788
Utilities
- Utilities
- Water Available
- Water source
- Public
Building Details
- Year built
- 1924
- Floors in Building
- 1
- Flooring type
- Carpet, Vinyl, Hardwood
- Building materials
- Single Wall
- Architectural style
- Cottage
Listing Agency
Island, REALTORS
(808) 687-8000
888 Mililani Street PH5, Honolulu, HI
Listed by
Cindy Rees-Ouchi · License #RB-17718
(808) 687-8012
Added: May 7 Checked: Jul 18 at 8:06 am
MLS# 202609145
Listing URL
Copyright © 2026 HiCentral MLS. 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 residential income triplex includes three separate units. The property has a detached single-family home with two bedrooms, a fenced yard, and a carport. There are also two studio duplex units with tandem parking. Each unit has its own electrical meter, and water and sewer service are provided to each unit.
Recent improvements include new asphalt shingle roofing completed in 2024 for all three units. Extensive plumbing upgrades were completed in 2023 for the Dole Street home. The rear duplex studio unit requires TLC. Tenant occupancy is in place, and showings require 48 hours’ notice.
The information provided notes a discrepancy between listing details and tax records. For appointments, contact William at Island, REALTORS.
Recent improvements include new asphalt shingle roofing completed in 2024 for all three units. Extensive plumbing upgrades were completed in 2023 for the Dole Street home. The rear duplex studio unit requires TLC. Tenant occupancy is in place, and showings require 48 hours’ notice.
The information provided notes a discrepancy between listing details and tax records. For appointments, contact William at Island, REALTORS.
Key Highlights
- Three‑unit property near University of Hawaii on Punahou area, with tenant occupancy and 48 hours notice for showings
- Each unit has its own electrical meter plus water and sewer services
- All three units have new asphalt shingle roofing completed in 2024
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 | $56.5k | $30.60 |
| − Vacancy | −$4.0k | −$2.15 |
| EGI | $52.5k | $28.45 |
| − OpEx | −$15.8k | −$8.53 |
| NOI | $36.8k | $19.91 |
1,846 SF · lease $30.60/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$525.2K
$459.5K – $612.7K
NOI $36,762 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$483.5K
$423.1K – $564.1K
NOI $33,846 @ 7.0% cap · market cap 2.60%
Theoretical Best
Specialty Retail
$747.9K
$654.4K – $872.6K
NOI $52,353 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three income units feature individual electric and shared water and sewer metering, with 2024 new roofing on all units.
Where is this triplex located?
The property is located at 1932 Dole Street Honolulu, HI.
What is the asking price?
The asking price for this property is $1,299,990.
What are key features of this property?
This property features: Three‑unit property near University of Hawaii on Punahou area, with tenant occupancy and 48 hours notice for showings; Each unit has its own electrical meter plus water and sewer services; All three units have new asphalt shingle roofing completed in 2024
