Duplex with Two Standalone
For Sale
$1,399,999
4806 Iiwi Rd, Kapaa, HI 96746
Two separate residences offer upgraded interiors, flexible living arrangements, covered parking, and a fenced outdoor area.
Property Size2,718 SF
Price / SF$515.08
Days on Market92
Property Features for 4806 Iiwi Rd
General Information
Standard status
Active
Size
2,718 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
fireplace
split A/C
sun deck
outdoor shower
fenced yard
Building Details
Year Built
1993
Buildings
2
Listing Agency:
Keller Williams Honolulu
Listed By:
Josiah ONYX Sinagra · License #RS-86644
(808) 634-8238
Source:
Paradisebrokers
Added: Jul 17
Changed: Oct 5
Last Checked: Oct 7 at 5:31PM
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 Keller Williams Honolulu
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Investment Insights
Based on property information with market context.
This duplex property includes two standalone homes totaling 6 bedrooms, 4 full baths, and 1 half bath. The front residence has fresh paint, luxury vinyl flooring, a remodeled kitchen, an updated bathroom, and a vaulted great room with a wood-burning tiled fireplace. The rear home features split A/C in the primary bedroom and living room, Koa cabinetry, granite countertops, refreshed bathrooms, an open-concept living room, office space, and a sun deck with an outdoor shower and half bath.
The property sits on over a quarter acre at 4806 Iiwi Road in Kapaa, across from Kapa‘a Elementary and Mahelona Hospital. Kealia Beach, the bike path, and town amenities are minutes away. Additional improvements include a 720-square-foot carport/garage, 5 parking spaces, a level fenced yard, central air, internet connection, and cable availability. Both roofs have been recently redone.
The property sits on over a quarter acre at 4806 Iiwi Road in Kapaa, across from Kapa‘a Elementary and Mahelona Hospital. Kealia Beach, the bike path, and town amenities are minutes away. Additional improvements include a 720-square-foot carport/garage, 5 parking spaces, a level fenced yard, central air, internet connection, and cable availability. Both roofs have been recently redone.
Key Highlights
- Two standalone homes with 6 bedrooms, 4 full baths, and 1 half bath
- Front home updated with remodeled kitchen, luxury vinyl flooring, fresh paint, and vaulted great room
- Rear home includes split A/C, Koa cabinetry, granite counters, office, and sun deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,690
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,800
$1.2M
Cap Rate 7%
$881,286
$881.3K
Cap Rate 9%
$685,444
$685.4K
Market Conditions
NOI Build-Up for 2,718 SF
Gross rent
$91.3K $33.60/SF
− Vacancy
−$3.2K −$1.18/SF
EGI
$88.1K $32.42/SF
− OpEx
−$26.4K −$9.73/SF
NOI
$61.7K $22.70/SF
Area
Kauai County, HI
Vacancy
3.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,800
Cap Rate 7%
$881,286
Cap Rate 9%
$685,444
Alternative Uses
Best Use
Multifamily LT 5
$881.3K
$771.1K – $1.03M
NOI $61,690 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$787.3K
$688.9K – $918.5K
NOI $55,108 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$1.09M
$951.8K – $1.27M
NOI $76,142 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Demographics for 96746, HI
19,991
Population
8,178
Households
2.4
Avg Household Size
43
Median Age
32%
College-Educated
95%
High-School Grad
29.8 sq mi
ZIP Area
671
Density / Sq Mi
$89,681
Median Household Income
$41,624
Median Earnings
$2,053
Median Rent
$830,500
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 - Two separate residences offer upgraded interiors, flexible living arrangements, covered parking, and a fenced outdoor area.
Where is this duplex located?
The property is located at 4806 Iiwi Rd Kapaa, HI.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Two standalone homes with 6 bedrooms, 4 full baths, and 1 half bath; Front home updated with remodeled kitchen, luxury vinyl flooring, fresh paint, and vaulted great room; Rear home includes split A/C, Koa cabinetry, granite counters, office, and sun deck
