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Honolulu Multifamily Property For Sale

2021 Wilcox Lane Honolulu, HI 96819

2021 Wilcox Lane, Honolulu, HI, 96819

$2,388,000

For Sale

$2,388,000

Multifamily property with nine units and recent renovations in Honolulu.

Property Size5,722 SF

Price / SF$417.34

AddedApr 2

Days on Market104

Last RefreshJul 4 at 10:40 am

Property Features for 2021 Wilcox Lane

General Information

Standard status: Active
Size: 5,722 SF
Property subtype: Multi-Family / Multi-Family

Building Details

Year Built: 1965

Listing office CBI Residential Advisory Svcs.

Listing date Apr 2, 2026

Source Compass

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 CBI Residential Advisory Svcs.

Investment Insights

Based on property information with market context.

This multifamily property in Honolulu features nine units, each with approximately 640 square feet and two bedrooms. Most of the units have been fully renovated. Each unit includes a lanai equipped with washer hookups and sinks. The ground floor units also feature fenced-in backyards. The property includes five parking stalls. A new $70,000 roof was installed in November 2022 by Kapili Construction. Spall repairs have been recently completed. The property is self-managed and qualifies for 100% bonus depreciation. The current scheduled income is over $16,000 per month. The property size is 5,722 square feet.

Key Highlights

High Income Potential: $16,000+/month current scheduled income.
Renovated Units: Most units are fully renovated.
New Roof: $70,000 roof installed in November 2022.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$206.0k	$36.00
− Vacancy	−$15.2k	−$2.66
EGI	$190.7k	$33.34
− OpEx	−$85.8k	−$15.00
NOI	$104.9k	$18.33

5,722 SF · lease $36.00/SF/yr · vacancy 7.40% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.50M

$1.31M – $1.75M (±1% cap)

NOI $104,912 @ 7.0% cap · market cap 4.39%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$2.32M

$2.03M – $2.70M (±1% cap)

NOI $162,276 @ 7.0% cap · market cap 6.80%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Apartment buildings
HI
Honolulu
96819
2021 Wilcox Lane

What type of property is this?

Apartment building - Multifamily property with nine units and recent renovations in Honolulu.

Where is this apartment building located?

The property is located at 2021 Wilcox Lane Honolulu, HI.

What is the asking price?

The asking price for this property is $2,388,000.

What are key features of this property?

This property features: High Income Potential: $16,000+/month current scheduled income.; Renovated Units: Most units are fully renovated.; New Roof: $70,000 roof installed in November 2022.