Second-Floor Residential Income
For Sale
$995,000
55-431 Iosepa Street, Laie, HI 96762
MULTI_FAMILY - Other - Laie, HI
Property Size1,891 SF
Price / SF$526.18
Days on Market25
Property Features for 55-431 Iosepa Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
05 - R-5 Residential District
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking
2
Parking features
On Street, Garage
Subdivision
LAIE
Lot features
Cleared, Flag Lot, Level
Standard status
Active
APN
1-5-5-014-022-0004
Size
1,891 SF
Taxes and HOA fees
Tax Annual Amount
4230
Utilities
Utilities
Water Available
Building Details
Year built
2021
Floors in Building
1
Flooring type
Tile - Ceramic, Vinyl
Building materials
Double Wall, Wood Frame
Architectural style
Other
Listing Agency:
eXp Realty
(808) 725-2794
Listed By:
Ashliey K Wasson · License #RS-73275
(808) 354-4744
Added: Jul 9
Changed: Jul 30
Last Checked: Aug 2 at 5:06AM
MLS# 202613249
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2021, this second-floor 3-bedroom, 2-bath residential income duplex-style unit is offered as a fee simple CPR arrangement. The home features an oversized island in the kitchen, a spacious living and dining area, and a primary suite with a tiled bath, deep soaking tub, and large walk-in shower. Additional highlights include a separate laundry room, two parking spaces, and outdoor space suitable for gardening, barbecuing, and gathering, with the ability for the outdoor area to be fenced.
The property is located in Laie and is less than a half mile from beach parks and Laie Point, as well as nearby destinations including BYU Hawaii and the Polynesian Cultural Center. It is also close to a shopping center with retailers such as Seven Brothers, Subway, Taco Bell, Ice Cream, Bank of Hawaii, FoodLand, and Jeans Warehouse.
USDA financing is noted as eligible, and the unit is sold as its own CPR unit.
The property is located in Laie and is less than a half mile from beach parks and Laie Point, as well as nearby destinations including BYU Hawaii and the Polynesian Cultural Center. It is also close to a shopping center with retailers such as Seven Brothers, Subway, Taco Bell, Ice Cream, Bank of Hawaii, FoodLand, and Jeans Warehouse.
USDA financing is noted as eligible, and the unit is sold as its own CPR unit.
Key Highlights
- 3 bed, 2 bath home built in 2021 (property condition listed as under construction)
- Tiled primary bath with deep soaking tub and large walk‑in shower
- Chef’s kitchen with oversized island, farmhouse sink, wine fridge, pull‑out drawers, and brand new appliances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.9k | $30.60 |
| − Vacancy | −$4.1k | −$2.15 |
| EGI | $53.8k | $28.45 |
| − OpEx | −$16.1k | −$8.53 |
| NOI | $37.7k | $19.91 |
1,891 SF · lease $30.60/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$538.0K
$470.7K – $627.6K
NOI $37,658 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$495.3K
$433.4K – $577.9K
NOI $34,671 @ 7.0% cap · market cap 3.48%
Theoretical Best
Specialty Retail
$766.1K
$670.4K – $893.8K
NOI $53,629 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96762, HI
6,316
Population
1,348
Households
4.7
Avg Household Size
26
Median Age
40%
College-Educated
96%
High-School Grad
12.4 sq mi
ZIP Area
509
Density / Sq Mi
$116,736
Median Household Income
$20,765
Median Earnings
$2,382
Median Rent
$962,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2021, this second-floor 3-bedroom, 2-bath CPR unit offers outdoor space and two parking spaces near Laie destinations.
Where is this duplex located?
The property is located at 55-431 Iosepa Street Laie, HI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3 bed, 2 bath home built in 2021 (property condition listed as under construction); Tiled primary bath with deep soaking tub and large walk‑in shower; Chef’s kitchen with oversized island, farmhouse sink, wine fridge, pull‑out drawers, and brand new appliances
