Four-Home Multifamily
For Sale
$3,900,000
3331 Hayden Street Unit FRONT A B C, Honolulu, HI 96815
Four legal detached residences offer separate living arrangements within an established Honolulu multifamily property.
Property Size7,240 SF
Price / SF$538.67
Days on Market260
Property Features for 3331 Hayden Street Unit FRONT A B C
General Information
Standard status
Active
Size
7,240 SF
Property subtype
Multi-Family / Multi-Family
Zoning
07 - R-3.5 Residential District
Net Operating Income
$147,436
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 6BR/2.5BA, 1 x 5BR/2.5BA
Multifamily Units
4
Amenities
Partial
Dryer, Individual, Washer
Composition
A/C
Electric, Telephone
Concrete, Hollow Tile, Masonry/Stucco, Slab, Wood Frame
Building Details
Year Built
1996
Buildings
4
Stories
2
Listing Agency:
KleinCo, LLC
(808) 942-1988
Listed By:
Aleta E Klein · License #RB-10457
(808) 942-1988
Source:
Compass
Added: Nov 18, 2025
Changed: Aug 2
Last Checked: Aug 5 at 12:25PM
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 KleinCo, LLC
Investment Insights
Based on property information with market context.
This R-3.5 Residential District property comprises four legal, full-size individual homes, including two-story residences with separate living spaces. The buildings provide a combined 7,240 square feet, with reported living areas of 1,992 square feet, 1,792 square feet, 1,664 square feet, and 1,792 square feet. Construction dates to 1996, and the property includes individual washers and dryers, air conditioning, slab foundations, and wood-frame, masonry, hollow-tile, and stucco components.
Located on Hayden Street at the base of Diamond Head, the property has views toward Kapiolani Park and Waikiki. The surrounding area includes Kapiolani Park, the Honolulu Zoo, beaches, Kahala Mall, Kaimuki, and the Kapiolani Community College area, with freeway and bus access identified in the property information. City-improved sidewalks and underground utilities are also noted.
Located on Hayden Street at the base of Diamond Head, the property has views toward Kapiolani Park and Waikiki. The surrounding area includes Kapiolani Park, the Honolulu Zoo, beaches, Kahala Mall, Kaimuki, and the Kapiolani Community College area, with freeway and bus access identified in the property information. City-improved sidewalks and underground utilities are also noted.
Key Highlights
- Four legal full‑size individual homes
- Combined property size of 7,240 square feet
- Reported living areas: 1,992, 1,792, 1,664, and 1,792 square feet
Financial Insights For Apartment 5plus
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 | $260.6k | $36.00 |
| − Vacancy | −$19.3k | −$2.66 |
| EGI | $241.4k | $33.34 |
| − OpEx | −$108.6k | −$15.00 |
| NOI | $132.7k | $18.33 |
7,240 SF · lease $36.00/SF/yr · vacancy 7.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.90M
$1.66M – $2.21M
NOI $132,744 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.93M
$2.57M – $3.42M
NOI $205,327 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Demographics for 96815, HI
28,786
Population
22,804
Households
1.3
Avg Household Size
48
Median Age
47%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
13,085
Density / Sq Mi
$75,020
Median Household Income
$55,543
Median Earnings
$1,903
Median Rent
$627,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four legal detached residences offer separate living arrangements within an established Honolulu multifamily property.
Where is this multifamily property located?
The property is located at 3331 Hayden Street Unit FRONT A B C Honolulu, HI.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Four legal full‑size individual homes; Combined property size of 7,240 square feet; Reported living areas: 1,992, 1,792, 1,664, and 1,792 square feet
