Building Details

Building Size 2,244 SF

Year Built 1971

Stories 1

Listing Agency: Engel & Volkers Honolulu Kahala

Listed By: Joseph Kaleo Ahina · License #RB-21507 Show Phone

Source: Evrealestate

Added: Aug 10 Changed: Sep 26 Last Checked: Oct 4 at 9:31AM

Report an Issue

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 Engel & Volkers Honolulu Kahala

Investment Insights

Based on property information with market context.

This fee simple duplex property includes two detached residential structures, creating a two-dwelling configuration on one parcel. Combined living area totals 2,184 square feet, with 1,092 square feet assigned to each residence. The property was built in 1971 and is offered in its existing condition.

The parcel encompasses 53,718 square feet at 47-673 Melekula Road A in Kaneohe, Hawaii. Its setting is in the Ahuimanu area near the base of the Koolau Mountains. The separate-building layout and substantial land area distinguish the property from a typical attached duplex configuration.

Key Highlights

• Two detached dwellings on one duplex property
• 2,184 sq ft of total living area
• Each residence contains 1,092 sq ft

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,493

Cap Rate

3.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$869,860 $869.9K

Cap Rate 7%

$621,329 $621.3K

Cap Rate 9%

$483,256 $483.3K

Market Conditions

NOI Build-Up for 2,184 SF

Gross rent

$66.8K $30.60/SF

− Vacancy

−$4.7K −$2.15/SF

EGI

$62.1K $28.45/SF

− OpEx

−$18.6K −$8.53/SF

NOI

$43.5K $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%

$869,860

Cap Rate 7%

$621,329

Cap Rate 9%

$483,256

Alternative Uses

Best Use

Multifamily LT 5

$621.3K

$543.7K – $724.9K (±1% cap)

NOI $43,493 @ 7.0% cap · market cap 3.48%

Second Best

Apartment 5plus

$572.0K

$500.5K – $667.4K (±1% cap)

NOI $40,043 @ 7.0% cap · market cap 3.20%

Theoretical Best

Specialty Retail

$884.8K

$774.2K – $1.03M (±1% cap)

NOI $61,938 @ 7.0% cap · market cap 4.96%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Lease Details

2

Residential units

Location Intelligence

Demographics for 96744, HI

57,746

Population

18,695

Households

3.1

Avg Household Size

44

Median Age

40%

College-Educated

96%

High-School Grad

33.8 sq mi

ZIP Area

1,708

Density / Sq Mi

$129,263

Median Household Income

$56,395

Median Earnings

$2,410

Median Rent

$1,001,400

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Off-Grid Duplex With ADU

47-079 Lihikai Drive, Kaneohe, HI 96744

$3,189,000

4,281 SF

View details

Retail Space with Split AC

45-556 Kamehameha Highway 2, Kaneohe, HI 96744

Contact for pricing

518 SF

View details

Retail Space with Split AC

2-45-556 Kamehameha Hwy, Kaneohe, HI 96744

Contact for pricing

View details

Retail Space with Split AC

45-556 Kamehameha Highway #2, 2, Kaneohe, HI 96744

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Duplex - Fee simple property with two detached residences on a parcel exceeding one acre.

Where is this duplex located?

The property is located at 47-673 Melekula Road A Kaneohe, HI.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Two detached dwellings on one duplex property; 2,184 sq ft of total living area; Each residence contains 1,092 sq ft