7-Unit Apartment
For Sale
$3,050,000
718 10th Ave, Honolulu, HI 96816
Apartment property positioned near bus service, Kahala Mall, Diamond Head, and freeway access.
Property Size15,000 SF
Price / SF$203.33
Days on Market89
Property Features for 718 10th Ave
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
7
Building Details
Year Built
1938
Listing Agency:
Bratton Realty Advisors Ltd
(808) 523-9708
Listed By:
Pacific Properties Hawaii
(808) 227-3808
Source:
Pacificpropertieshawaii
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 16 at 9:08AM
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 Bratton Realty Advisors Ltd
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment building contains 7 units and measures 15,000 square feet. Constructed in 1938, the property offers an established multifamily configuration at 718 10th Ave in Honolulu.
The surrounding area provides access to a nearby bus line, Kahala Mall, Diamond Head, and freeway connections. These transportation and destination points are located in the broader vicinity of the property.
The surrounding area provides access to a nearby bus line, Kahala Mall, Diamond Head, and freeway connections. These transportation and destination points are located in the broader vicinity of the property.
Key Highlights
- 7‑unit apartment building
- 15,000‑square‑foot property
- Constructed in 1938
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$275,022
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,500,440
$5.5M
Cap Rate 7%
$3,928,886
$3.9M
Cap Rate 9%
$3,055,800
$3.1M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$540.0K $36.00/SF
− Vacancy
−$40.0K −$2.66/SF
EGI
$500.0K $33.34/SF
− OpEx
−$225.0K −$15.00/SF
NOI
$275.0K $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%
$5,500,440
Cap Rate 7%
$3,928,886
Cap Rate 9%
$3,055,800
Alternative Uses
Best Use
Apartment 5plus
$3.93M
$3.44M – $4.58M
NOI $275,022 @ 7.0% cap · market cap 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.08M
$5.32M – $7.09M
NOI $425,401 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Demographics for 96816, HI
51,586
Population
19,818
Households
2.6
Avg Household Size
45
Median Age
48%
College-Educated
94%
High-School Grad
9.6 sq mi
ZIP Area
5,374
Density / Sq Mi
$114,744
Median Household Income
$48,929
Median Earnings
$1,879
Median Rent
$1,121,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property positioned near bus service, Kahala Mall, Diamond Head, and freeway access.
Where is this apartment building located?
The property is located at 718 10th Ave Honolulu, HI.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: 7‑unit apartment building; 15,000‑square‑foot property; Constructed in 1938
