Remodeled Duplex with PV
For Sale
$1,600,000
3920 Likini Street, Honolulu, HI 96818
Tenant-occupied property with split and window air conditioning plus an owned photovoltaic system.
Property Size2,925 SF
Price / SF$547.01
Days on Market57
Property Features for 3920 Likini Street
General Information
Standard status
Active
Size
2,925 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,372
Amenities
split and window A/C
owned photovoltaic system
Building Details
Building Size
2,925 SF
Year Built
1954
Year Renovated
2022
Tenancy
Single
Listing Agency:
Realty Brokerage LLC
Listed By:
Hana Yoo · License #RB-21720
(808) 358-2003
Source:
Careyluxury
Added: Aug 21
Changed: Oct 7
Last Checked: Oct 15 at 7:23AM
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 Realty Brokerage LLC
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Investment Insights
Based on property information with market context.
This duplex offers approximately 2,925 square feet with seven bedrooms and four bathrooms. The property was remodeled in 2022 and includes laminate and vinyl flooring, split and window air conditioning, and an owned photovoltaic system. Interior space is arranged for flexible household use, with views extending toward the city, coastline, mountains, and ocean.
The property is located near shopping, schools, the airport, military bases, and freeway access. It is currently tenant occupied, and showings require advance notice. The 1954-built property is situated at 3920 Likini Street in Honolulu, Hawaii.
The property is located near shopping, schools, the airport, military bases, and freeway access. It is currently tenant occupied, and showings require advance notice. The 1954-built property is situated at 3920 Likini Street in Honolulu, Hawaii.
Key Highlights
- Seven‑bedroom, four‑bath duplex with approximately 2,925 square feet
- Remodeled in 2022 with laminate and vinyl flooring
- Owned photovoltaic system included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,249
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,980
$1.2M
Cap Rate 7%
$832,129
$832.1K
Cap Rate 9%
$647,211
$647.2K
Market Conditions
NOI Build-Up for 2,925 SF
Gross rent
$89.5K $30.60/SF
− Vacancy
−$6.3K −$2.15/SF
EGI
$83.2K $28.45/SF
− OpEx
−$25.0K −$8.53/SF
NOI
$58.2K $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%
$1,164,980
Cap Rate 7%
$832,129
Cap Rate 9%
$647,211
Alternative Uses
Best Use
Multifamily LT 5
$832.1K
$728.1K – $970.8K
NOI $58,249 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$766.1K
$670.4K – $893.8K
NOI $53,629 @ 7.0% cap · market cap 3.35%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $82,953 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Demographics for 96818, HI
51,851
Population
19,719
Households
2.6
Avg Household Size
34
Median Age
38%
College-Educated
92%
High-School Grad
10.8 sq mi
ZIP Area
4,801
Density / Sq Mi
$99,933
Median Household Income
$49,629
Median Earnings
$3,185
Median Rent
$653,400
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?
Duplex - Tenant-occupied property with split and window air conditioning plus an owned photovoltaic system.
Where is this duplex located?
The property is located at 3920 Likini Street Honolulu, HI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Seven‑bedroom, four‑bath duplex with approximately 2,925 square feet; Remodeled in 2022 with laminate and vinyl flooring; Owned photovoltaic system included
