4-Home Multifamily
For Sale
$2,099,000
305 Makua St, Wailuku, HI 96793
Detached residences provide individual-home appeal within a tenant-occupied multifamily configuration.
Property Size3,552 SF
Days on Market53
Property Features for 305 Makua St
General Information
Standard status
Active
Size
3,552 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Building Size
3,552 SF
Buildings
4
Listing Agency:
Pacific Image Properties
Listed By:
Michelle C. Cerizo RS-80094
(808) 856-1764
Source:
Jasonbrody.kw
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 28 at 4:49AM
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 Pacific Image Properties
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Investment Insights
Based on property information with market context.
This multifamily property comprises four detached residences on a single parcel. Each home has undergone renovation and is currently occupied by tenants, creating an established rental setup across individually separated dwellings. The configuration combines the privacy associated with standalone homes with the operational advantages of multiple residences at one location.
Located in Wailuku, the property offers access to shopping, dining, schools, medical facilities, and other Central Maui amenities. Showings are available by appointment, and prospective purchasers should independently verify permitted uses, zoning, rental income, and other property details as part of their due diligence.
Located in Wailuku, the property offers access to shopping, dining, schools, medical facilities, and other Central Maui amenities. Showings are available by appointment, and prospective purchasers should independently verify permitted uses, zoning, rental income, and other property details as part of their due diligence.
Key Highlights
- Four detached homes on one property
- All four residences have been renovated
- Current tenant occupancy across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,813
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,336,260
$1.3M
Cap Rate 7%
$954,471
$954.5K
Cap Rate 9%
$742,367
$742.4K
Market Conditions
NOI Build-Up for 3,552 SF
Gross rent
$127.9K $36.00/SF
− Vacancy
−$6.4K −$1.80/SF
EGI
$121.5K $34.20/SF
− OpEx
−$54.7K −$15.39/SF
NOI
$66.8K $18.81/SF
Area
Maui County, HI
Vacancy
5.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,336,260
Cap Rate 7%
$954,471
Cap Rate 9%
$742,367
Alternative Uses
Best Use
Apartment 5plus
$954.5K
$835.2K – $1.11M
NOI $66,813 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,583 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Demographics for 96793, HI
31,939
Population
11,510
Households
2.8
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
76.1 sq mi
ZIP Area
420
Density / Sq Mi
$104,220
Median Household Income
$47,026
Median Earnings
$1,797
Median Rent
$776,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Detached residences provide individual-home appeal within a tenant-occupied multifamily configuration.
Where is this multifamily property located?
The property is located at 305 Makua St Wailuku, HI.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: Four detached homes on one property; All four residences have been renovated; Current tenant occupancy across the property
