Duplex with Ohana
For Sale
$2,790,000
41-51 Hinalea St, Waimanalo, HI 96795
Gated residential income property with private entrances, two kitchens, wet bars, and expansive interior living areas.
Property Size5,704 SF
Lot Size0.26 Acres
Price / SF$489.13
Days on Market48
Property Features for 41-51 Hinalea St
General Information
Standard status
Active
Size
5,704 SF
Lot size
0.26 Acres
Property subtype
Multi-Family
Amenities
gated
lanai
Building Details
Year Built
2015
Buildings
2
Listing Agency:
eXp Realty
Listed By:
Lucy Liu Shen · License #RS-77203
(808) 358-2021
Source:
Paradisebrokers
Added: Sep 2
Changed: Oct 15
Last Checked: Oct 7 at 2:06PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This duplex property includes a 2-story, 3,811-square-foot main residence completed in 2015 and a 1-story, 1,893-square-foot Ohana unit. Combined living space totals 5,704 square feet on an 11,250-square-foot lot, with 11 bedrooms, 8 full bathrooms, 6 private entrances, 2 kitchens, and 2 wet bars. The interiors include large living rooms and bedrooms, an 11-foot ceiling in the main living room, and 9-foot ceilings elsewhere.
Property improvements include a lanai, gated entry with an automatic metal gate, natural stone details, a metal roof, solid wood cabinetry, double-door entries, hardwood flooring, granite and quartz countertops, and a quartz staircase. The property is near Waimanalo white sand beach and has unobstructed Ko'olau mountain views.
Property improvements include a lanai, gated entry with an automatic metal gate, natural stone details, a metal roof, solid wood cabinetry, double-door entries, hardwood flooring, granite and quartz countertops, and a quartz staircase. The property is near Waimanalo white sand beach and has unobstructed Ko'olau mountain views.
Key Highlights
- 5,704 SF of total living space on an 11,250 SF lot
- 2‑story, 3,811 SF main residence built in 2015
- 1‑story, 1,893 SF Ohana unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,590
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,271,800
$2.3M
Cap Rate 7%
$1,622,714
$1.6M
Cap Rate 9%
$1,262,111
$1.3M
Market Conditions
NOI Build-Up for 5,704 SF
Gross rent
$174.5K $30.60/SF
− Vacancy
−$12.3K −$2.15/SF
EGI
$162.3K $28.45/SF
− OpEx
−$48.7K −$8.53/SF
NOI
$113.6K $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%
$2,271,800
Cap Rate 7%
$1,622,714
Cap Rate 9%
$1,262,111
Alternative Uses
Best Use
Multifamily LT 5
$1.62M
$1.42M – $1.89M
NOI $113,590 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$1.49M
$1.31M – $1.74M
NOI $104,582 @ 7.0% cap · market cap 3.75%
Theoretical Best
Specialty Retail
$2.31M
$2.02M – $2.70M
NOI $161,766 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Demographics for 96795, HI
11,064
Population
2,662
Households
4.2
Avg Household Size
39
Median Age
22%
College-Educated
92%
High-School Grad
11.5 sq mi
ZIP Area
962
Density / Sq Mi
$118,365
Median Household Income
$44,581
Median Earnings
$1,710
Median Rent
$746,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Gated residential income property with private entrances, two kitchens, wet bars, and expansive interior living areas.
Where is this duplex located?
The property is located at 41-51 Hinalea St Waimanalo, HI.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: 5,704 SF of total living space on an 11,250 SF lot; 2‑story, 3,811 SF main residence built in 2015; 1‑story, 1,893 SF Ohana unit
