Honolulu Multifamily Property Near
For Sale
$2,100,000
2357-2361 Pauoa Rd, Honolulu, HI 96813
Six-unit multifamily property near Booth District Park in Honolulu.
Property Size3,320 SF
Price / SF$632.53
Days on Market317
Property Features for 2357-2361 Pauoa Rd
General Information
Standard status
Active
Size
3,320 SF
Property subtype
Multifamily
Net Operating Income
$102,935
Building Details
Building Size
3,320 SF
Year Built
1942
Listed By:
Scott Eden · License #HI #RB-22768
(808) 722-1168
Source:
Naiglobal
Added: Nov 22, 2025
Changed: Oct 2
Last Checked: Oct 4 at 8:36AM
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 Scott Eden
Investment Insights
Based on property information with market context.
This multifamily property features three buildings with a total of six units. The unit mix includes one 3-bedroom, 1.5-bath unit and five 2-bedroom, 1-bath units. A covered carport provides six parking stalls, with additional space for guest parking. The property is located across from Booth District Park in Pauoa Valley, Honolulu, offering a location close to private schools, downtown Honolulu, and the airport. The zoning allows for the property to be divided into three separate TMK's.
Key Highlights
- Zoning allows CPR of the property into three separate TMKs.
- Ideal location across from Booth District Park in Pauoa Valley.
- Close proximity to private schools, downtown Honolulu, and the airport.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,872
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,440
$1.2M
Cap Rate 7%
$869,600
$869.6K
Cap Rate 9%
$676,356
$676.4K
Market Conditions
NOI Build-Up for 3,320 SF
Gross rent
$119.5K $36.00/SF
− Vacancy
−$8.8K −$2.66/SF
EGI
$110.7K $33.34/SF
− OpEx
−$49.8K −$15.00/SF
NOI
$60.9K $18.33/SF
Area
Honolulu County, HI
Vacancy
7.40%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,440
Cap Rate 7%
$869,600
Cap Rate 9%
$676,356
Alternative Uses
Best Use
Apartment 5plus
$869.6K
$760.9K – $1.01M
NOI $60,872 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.57M
NOI $94,155 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Demographics for 96813, HI
27,372
Population
13,511
Households
2
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
7,603
Density / Sq Mi
$87,799
Median Household Income
$57,619
Median Earnings
$1,821
Median Rent
$804,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property near Booth District Park in Honolulu.
Where is this apartment building located?
The property is located at 2357-2361 Pauoa Rd Honolulu, HI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Zoning allows CPR of the property into three separate TMKs.; Ideal location across from Booth District Park in Pauoa Valley.; Close proximity to private schools, downtown Honolulu, and the airport.
