Two-Story Apartment
711 Wiliwili Street, Honolulu, HI 96826
For Sale
New
$1,795,000
Five apartments have separate electric meters, with one unit currently vacant.
Property Size3,180 SF
Price / SF$564.47
Days on Market5
Property Features for 711 Wiliwili Street
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Sakoda Realty, LLC
Listed By:
Keith EH Sakoda · License HI RB-12645
(808) 224-6577
Source:
Careyluxury
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 11:12AM
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 Sakoda Realty, LLC
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Investment Insights
Based on property information with market context.
This two-story apartment building contains 5 units: three with 2 bedrooms and 1 bath, one with 1 bedroom and 1 bath, and a larger 2-bedroom unit with 1.5 baths. The building has 3,180 square feet and was built in 1960. A roof replacement was completed in 2024, and the larger apartment has two split AC units. Each apartment has a separate electric meter.
Four of the five apartments are occupied, with one vacant. The property is at 711 Wiliwili St in Honolulu, near bus lines, the University of Hawaii, Waikiki, and Ala Moana Center.
Four of the five apartments are occupied, with one vacant. The property is at 711 Wiliwili St in Honolulu, near bus lines, the University of Hawaii, Waikiki, and Ala Moana Center.
Key Highlights
- Five apartments: three 2‑bedroom/1‑bath units, one 1‑bedroom/1‑bath unit, and one 2‑bedroom/1.5‑bath unit
- 3,180‑square‑foot building constructed in 1960
- Roof replaced in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,305
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,100
$1.2M
Cap Rate 7%
$832,929
$832.9K
Cap Rate 9%
$647,833
$647.8K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$114.5K $36.00/SF
− Vacancy
−$8.5K −$2.66/SF
EGI
$106.0K $33.34/SF
− OpEx
−$47.7K −$15.00/SF
NOI
$58.3K $18.33/SF
Area
Honolulu County, HI
Vacancy
7.40%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,100
Cap Rate 7%
$832,929
Cap Rate 9%
$647,833
Alternative Uses
Best Use
Apartment 5plus
$832.9K
$728.8K – $971.8K
NOI $58,305 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,185 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
80%
Occupancy
Yes
Utilities to site
Location Intelligence
Demographics for 96826, HI
30,092
Population
16,564
Households
1.8
Avg Household Size
44
Median Age
38%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
27,356
Density / Sq Mi
$67,743
Median Household Income
$44,393
Median Earnings
$1,604
Median Rent
$485,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Honolulu, HI
Properties on Market for Apartment buildings in Honolulu
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five apartments have separate electric meters, with one unit currently vacant.
Where is this apartment building located?
The property is located at 711 Wiliwili Street Honolulu, HI.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Five apartments: three 2‑bedroom/1‑bath units, one 1‑bedroom/1‑bath unit, and one 2‑bedroom/1.5‑bath unit; 3,180‑square‑foot building constructed in 1960; Roof replaced in 2024
