3-Unit Triplex with Separate Living
New
For Sale
$1,425,000
2616 Kalihi Street, Honolulu, HI 96819
Three distinct living areas, separate electric meters for two homes, and on-site parking define the property’s residential setup.
Property Size2,116 SF
Lot Size0.22 Acres
Price / SF$673.44
Days on Market6
Property Features for 2616 Kalihi Street
General Information
Standard status
Active
Size
2,116 SF
Lot size
0.22 Acres
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
Liliha-alewa
Units
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Gross Income
$89,400
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,300
Building Details
Building Size
2,116 SF
Year Built
1968
Listing Agency:
Talk Realty LLC
Listed By:
Sadie Leavitt · License #RS-87165
(808) 272-6499
Source:
Careyluxury
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 12:13PM
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 Talk Realty LLC
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Investment Insights
Based on property information with market context.
This 1968 triplex contains three separate living spaces across 2,116 square feet. The property is fully occupied and has on-site parking. Separate electric meters serve two of the homes. Foundation work has been completed, and earlier upgrades addressed the electrical system, roof, and water heaters.
Set on a 9,650-square-foot lot at 2616 Kalihi St in Honolulu, the property lies alongside a stream. Its three-space configuration and existing physical improvements are key elements of the offering.
Set on a 9,650-square-foot lot at 2616 Kalihi St in Honolulu, the property lies alongside a stream. Its three-space configuration and existing physical improvements are key elements of the offering.
Key Highlights
- Three separate living spaces in a 2,116‑square‑foot triplex
- Fully occupied
- 9,650‑square‑foot lot alongside a stream
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,138
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,760
$842.8K
Cap Rate 7%
$601,971
$602.0K
Cap Rate 9%
$468,200
$468.2K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$64.7K $30.60/SF
− Vacancy
−$4.6K −$2.15/SF
EGI
$60.2K $28.45/SF
− OpEx
−$18.1K −$8.53/SF
NOI
$42.1K $19.91/SF
Area
Honolulu County, HI
Vacancy
7.03%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,760
Cap Rate 7%
$601,971
Cap Rate 9%
$468,200
Alternative Uses
Best Use
Multifamily LT 5
$602.0K
$526.7K – $702.3K
NOI $42,138 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$554.2K
$485.0K – $646.6K
NOI $38,796 @ 7.0% cap · market cap 2.72%
Theoretical Best
Specialty Retail
$857.3K
$750.1K – $1.00M
NOI $60,010 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Demographics for 96819, HI
53,334
Population
13,287
Households
4
Avg Household Size
39
Median Age
22%
College-Educated
84%
High-School Grad
21.8 sq mi
ZIP Area
2,447
Density / Sq Mi
$96,346
Median Household Income
$40,897
Median Earnings
$1,789
Median Rent
$963,900
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
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct living areas, separate electric meters for two homes, and on-site parking define the property’s residential setup.
Where is this triplex located?
The property is located at 2616 Kalihi Street Honolulu, HI.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Three separate living spaces in a 2,116‑square‑foot triplex; Fully occupied; 9,650‑square‑foot lot alongside a stream
