Two-Home Multifamily
For Sale
$1,595,000
73-1153 AHIKAWA ST, Kailua Kona, HI 96740
Residential Income, Multi-Dwelling, Multi-Story, Single Family Home, Kailua-Kona, HI
Property Size3,930 SF
Lot Size0.42 Acres
Price / SF$405.85
Days on Market298
Property Features for 73-1153 AHIKAWA ST
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
A-5A
Bedrooms
8
Bathrooms
6
Full bathrooms
5
Rooms
Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 5, Bathroom 3, Bedroom 3, Bathroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 8
Appliances
Dryer
Subdivision
KONA COASTVIEW SUBDIVISION
Lot features
Cleared
View
Ocean
Standard status
Active
APN
3730220330000
Size
3,930 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
11177
Utilities
Utilities
Cable Available
Sewer type
Cesspool
Water source
Public
Building Details
Year built
1988
Floors in Building
2
Flooring type
Carpet
Architectural style
Other
Listing Agency:
Nathalie Mullinix Realty Universal, Inc.
(808) 261-0350
Listed By:
Nathalie C Mullinix · License #RB-17596
(808) 327-4466
Added: Dec 11, 2025
Changed: Sep 27
Last Checked: Oct 5 at 2:06PM
MLS# 726148
Copyright © 2026 Hawaii Information Service. 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.
Set on 0.416 acres, this 3,930-square-foot multifamily property comprises two updated homes. Each residence has upper-level main living space and lower-level guest quarters with a private entrance. The north home features two bedroom suites with walk-in closets and bathrooms, plus a two-bedroom guest area with a full bath and wet bar. Open-beam ceilings and covered lanais are among its other features.
The south home has three bedrooms and 1 3/4 baths in its main living area, along with a one-bedroom guest quarter with a bath and wet bar. A two-car carport, laundry closet, updated kitchen and bathrooms, and covered lanais spanning the full length of both levels are also included. The property is above the airport, with access to Kailua-Kona town and the Kohala Gold Coast. Zoning is A-5A.
The south home has three bedrooms and 1 3/4 baths in its main living area, along with a one-bedroom guest quarter with a bath and wet bar. A two-car carport, laundry closet, updated kitchen and bathrooms, and covered lanais spanning the full length of both levels are also included. The property is above the airport, with access to Kailua-Kona town and the Kohala Gold Coast. Zoning is A-5A.
Key Highlights
- Two updated homes on a 0.416‑acre lot
- 3,930 square feet of property area
- Each home has upper‑level living space and lower‑level guest quarters with private entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,982
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,640
$1.1M
Cap Rate 7%
$771,171
$771.2K
Cap Rate 9%
$599,800
$599.8K
Market Conditions
NOI Build-Up for 3,930 SF
Gross rent
$101.4K $25.80/SF
− Vacancy
−$3.2K −$0.83/SF
EGI
$98.1K $24.97/SF
− OpEx
−$44.2K −$11.24/SF
NOI
$54.0K $13.74/SF
Area
Hawaii County, HI
Vacancy
3.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,640
Cap Rate 7%
$771,171
Cap Rate 9%
$599,800
Alternative Uses
Best Use
Apartment 5plus
$771.2K
$674.8K – $899.7K
NOI $53,982 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,886 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Demographics for 96740, HI
38,234
Population
19,119
Households
2
Avg Household Size
45
Median Age
35%
College-Educated
94%
High-School Grad
242.4 sq mi
ZIP Area
158
Density / Sq Mi
$94,091
Median Household Income
$42,605
Median Earnings
$1,692
Median Rent
$730,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Both residences include separate lower-level guest quarters with private entrances.
Where is this multifamily property located?
The property is located at 73-1153 AHIKAWA ST Kailua Kona, HI.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Two updated homes on a 0.416‑acre lot; 3,930 square feet of property area; Each home has upper‑level living space and lower‑level guest quarters with private entrances
