Legal Duplex with Separate
2222 Mahalo Street Honolulu, HI 96817
For Sale
$2,025,000
Built in 2013, this legal duplex offers two attached homes with separate entrances and individual utility meters.
Property Size3,568 SF
Price / SF$567.54
Days on Market275
Property Features for 2222 Mahalo Street
General Information
- Standard status
- Active
- Size
- 3,568 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2013
Listing Agency:
AMG Realty Inc
(808) 545-8187
Listed By:
Garrett Taira
(808) 545-8187
Source:
Xome
Added: Oct 26, 2025
Changed: Jul 22
Last Checked: Jul 23 at 4:25AM
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 AMG Realty Inc
Investment Insights
Based on property information with market context.
This built-in-2013 legal duplex consists of two attached residential units, including a 5-bedroom, 3-bath home and a 3-bedroom, 2-bath home. The 5-bedroom unit includes a full kitchen, three bedrooms and two bathrooms upstairs, plus two bedrooms and one bathroom downstairs, with one bathroom described as wheelchair accessible and including a wet bar. The 3-bedroom unit features an open floor plan with a kitchen, living room, and full bathroom downstairs, along with three bedrooms and one full bathroom upstairs. Each unit is described as having individual electric and water meters, a washer/dryer, and solar water heaters, with split AC in every room and granite countertops, stainless steel appliances, and window treatments throughout.
The property is located near schools, parks, medical facilities, and provides easy access to Downtown Honolulu and Chinatown.
The property is located near schools, parks, medical facilities, and provides easy access to Downtown Honolulu and Chinatown.
Key Highlights
- Legal duplex built in 2013 in Alewa Heights with two attached homes and separate entrances
- Main home: 5 bed, 3 bath with ocean/city/coastline views; attached home: 3 bed, 2 bath
- Each home has individual electric and water meters, plus in‑unit washer/dryer and solar water heaters
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 | $109.2k | $30.60 |
| − Vacancy | −$7.7k | −$2.15 |
| EGI | $101.5k | $28.45 |
| − OpEx | −$30.5k | −$8.53 |
| NOI | $71.1k | $19.91 |
3,568 SF · lease $30.60/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$888.2K – $1.18M
NOI $71,054 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$934.6K
$817.7K – $1.09M
NOI $65,419 @ 7.0% cap · market cap 3.23%
Theoretical Best
Specialty Retail
$1.45M
$1.26M – $1.69M
NOI $101,189 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Built in 2013, this legal duplex offers two attached homes with separate entrances and individual utility meters.
Where is this duplex located?
The property is located at 2222 Mahalo Street Honolulu, HI.
What is the asking price?
The asking price for this property is $2,025,000.
What are key features of this property?
This property features: Legal duplex built in 2013 in Alewa Heights with two attached homes and separate entrances; Main home: 5 bed, 3 bath with ocean/city/coastline views; attached home: 3 bed, 2 bath; Each home has individual electric and water meters, plus in‑unit washer/dryer and solar water heaters
