Four-Home Multifamily
For Sale
$1,200,000
36-2319-A PUUALAEA HOMESTEAD RD, Laupahoehoe, HI 96764
Residential Income, Laupahoehoe, HI
Property Size4,224 SF
Lot Size1.55 Acres
Price / SF$284.09
Days on Market104
Property Features for 36-2319-A PUUALAEA HOMESTEAD RD
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RS-15
Bedrooms
12
Bathrooms
8
Full bathrooms
4
Half bathrooms
4
Rooms
Bedroom 1, Bedroom 9, Bedroom 7, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 5, Bedroom 12, Bathroom 8, Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 6, Bedroom 2, Bedroom 11, Bedroom 8, Bedroom 10, Bathroom 7, Bathroom 1, Bathroom 4
Parking features
Covered, Assigned
Subdivision
MANOWAIOPAE HOMESTEADS
Standard status
Active
APN
3360070150000
Size
4,224 SF
Lot size
1.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5196
Utilities
Utilities
Electricity Available
Sewer type
Cesspool
Building Details
Year built
1990
Flooring type
Carpet
Listing Agency:
eXp Realty
(808) 725-2794
Listed By:
Charlotte K. Kekela
(808) 640-8982
Added: Jul 8
Changed: Sep 14
Last Checked: Oct 19 at 4:06AM
MLS# 728314
Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property combines four single-family homes on one 1.5496-acre parcel, with a total building area of 4,224 square feet. Three homes are occupied by long-term tenants, while the fourth is vacant and can be renovated, leased, or used by an owner. Built in 1990, the residences feature carpet flooring and covered, assigned parking. The property is zoned RS-15.
Located in Laupahoehoe, Hawaii, the property is addressed on Puualaea Homestead Road. Electricity is available, and wastewater service is provided through a cesspool. The existing occupancy and vacant residence create a combination of established use and available space for updates. Showings are by appointment, and tenant privacy is required.
Located in Laupahoehoe, Hawaii, the property is addressed on Puualaea Homestead Road. Electricity is available, and wastewater service is provided through a cesspool. The existing occupancy and vacant residence create a combination of established use and available space for updates. Showings are by appointment, and tenant privacy is required.
Key Highlights
- Four single‑family homes on one parcel
- 1.5496 acres with 4,224 square feet of building area
- Three homes occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,344
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,266,880
$1.3M
Cap Rate 7%
$904,914
$904.9K
Cap Rate 9%
$703,822
$703.8K
Market Conditions
NOI Build-Up for 4,224 SF
Gross rent
$93.8K $22.20/SF
− Vacancy
−$3.3K −$0.78/SF
EGI
$90.5K $21.42/SF
− OpEx
−$27.1K −$6.43/SF
NOI
$63.3K $15.00/SF
Area
Hawaii County, HI
Vacancy
3.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,266,880
Cap Rate 7%
$904,914
Cap Rate 9%
$703,822
Alternative Uses
Best Use
Multifamily LT 5
$904.9K
$791.8K – $1.06M
NOI $63,344 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$828.9K
$725.3K – $967.0K
NOI $58,021 @ 7.0% cap · market cap 4.84%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,910 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Demographics for 96764, HI
649
Population
288
Households
2.3
Avg Household Size
49
Median Age
32%
College-Educated
88%
High-School Grad
2.4 sq mi
ZIP Area
270
Density / Sq Mi
$72,917
Median Household Income
$57,895
Median Earnings
$1,324
Median Rent
$598,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three residences have long-term occupants, while one is vacant for renovation or future occupancy.
Where is this multifamily property located?
The property is located at 36-2319-A PUUALAEA HOMESTEAD RD Laupahoehoe, HI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four single‑family homes on one parcel; 1.5496 acres with 4,224 square feet of building area; Three homes occupied by long‑term tenants
