Two-Home Multifamily
For Sale
$1,595,000
73-1153 Ahikawa Street #A & B, Kailua Kona, HI 96740
Two residences pair upper-level living areas with lower-level guest quarters, each with a private entrance.
Property Size3,930 SF
Price / SF$405.85
Days on Market318
Property Features for 73-1153 Ahikawa Street #A & B
General Information
Standard status
Active
Size
3,930 SF
Total Parking Spaces
7
Property subtype
Multi Family Home
Zoning
50 - Agricultural
Taxes and HOA fees
Annual Taxes
$14,390
Building Details
Building Size
3,930 SF
Year Built
1988
Buildings
2
Stories
2
Units
2
Listing Agency:
Nathalie Mullinix R. U., Inc.
Listed By:
Nathalie C Mullinix · License #RB-17596
(808) 261-0350
Source:
Hometownhawaiirealty
Added: Dec 11, 2025
Changed: Oct 24
Last Checked: Oct 24 at 2:42PM
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 Nathalie Mullinix R. U., Inc.
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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.
Built in 1988, this multifamily property comprises two updated homes. Each has an upper-level main living area and lower-level guest quarters with a private entrance. The north home includes two bedroom suites with walk-in closets, four-piece bathrooms and covered lanais, plus two-bedroom guest quarters with a full bath and wet bar. The south home offers three bedrooms, 1¾ bathrooms, a two-car carport and a full-length covered lanai on both levels; its guest quarters have one bedroom, one bathroom and a wet bar. A new roof, updated kitchens and bathrooms, laundry areas and two storage buildings are also part of the property.
At 73-1153 Ahikawa Street #A & B in Kailua Kona, the property is described as above the airport, with ocean and sunset views. It has access to Kailua-Kona town and the Kohala Gold Coast, with restaurants, shopping and beaches in both areas. Zoning is 50 - Agricultural.
At 73-1153 Ahikawa Street #A & B in Kailua Kona, the property is described as above the airport, with ocean and sunset views. It has access to Kailua-Kona town and the Kohala Gold Coast, with restaurants, shopping and beaches in both areas. Zoning is 50 - Agricultural.
Key Highlights
- Two homes on one lot, with private entrances to each lower‑level guest area
- North home: two bedroom suites; guest quarters with two bedrooms and one full bath
- South home: three bedrooms, 1¾ baths, a two‑car carport and a new roof
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.
How Realmo checks its estimates
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences pair upper-level living areas with lower-level guest quarters, each with a private entrance.
Where is this multifamily property located?
The property is located at 73-1153 Ahikawa Street #A & B 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 homes on one lot, with private entrances to each lower‑level guest area; North home: two bedroom suites; guest quarters with two bedrooms and one full bath; South home: three bedrooms, 1¾ baths, a two‑car carport and a new roof
