Four-Unit Multifamily
New
For Sale
$2,000,000
733 University Ave, Honolulu, HI 96826
A detached three-bedroom house and rear triplex offer a mix of one- and two-bedroom residences.
Property Size4,995 SF
Price / SF$400.40
Days on Market3
Property Features for 733 University Ave
General Information
Standard status
Active
Size
4,995 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 2 x 1BR, 1 x 2BR
Multifamily Units
4
Amenities
washer and dryer
carport
Building Details
Year Built
1944
Buildings
2
Listing Agency:
Remax Hawaii
(808) 738-3600
Listed By:
Koa Cassady
(808) 468-8181
Source:
Dwellhawaii
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 9:17AM
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 Remax Hawaii
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Investment Insights
Based on property information with market context.
This 4,995-square-foot multifamily property combines a three-bedroom, two-bath house at the front with a triplex behind it. The rear building contains two one-bedroom units and one two-bedroom unit on its second floor. The front residence has wood flooring, updated cabinets, and fresh paint; it is currently vacant. A washer and dryer serve the house, while a separate shared washer and dryer are provided for the three rear units. The exterior has been freshly painted, and the carport roof has been replaced.
Built in 1944, the property is located at 733 University Ave in Honolulu. The front house can be accessed through a lockbox; showings for the other three units require at least two days’ notice. The sale is offered in as-is condition, and the buyer is to cooperate with the seller’s 1031 exchange.
Built in 1944, the property is located at 733 University Ave in Honolulu. The front house can be accessed through a lockbox; showings for the other three units require at least two days’ notice. The sale is offered in as-is condition, and the buyer is to cooperate with the seller’s 1031 exchange.
Key Highlights
- 4,995‑square‑foot property with a front house and rear triplex
- Front residence: 3 bedrooms and 2 bathrooms
- Rear triplex comprises two 1‑bedroom units and one 2‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,582
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,640
$1.8M
Cap Rate 7%
$1,308,314
$1.3M
Cap Rate 9%
$1,017,578
$1.0M
Market Conditions
NOI Build-Up for 4,995 SF
Gross rent
$179.8K $36.00/SF
− Vacancy
−$13.3K −$2.66/SF
EGI
$166.5K $33.34/SF
− OpEx
−$74.9K −$15.00/SF
NOI
$91.6K $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%
$1,831,640
Cap Rate 7%
$1,308,314
Cap Rate 9%
$1,017,578
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,582 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.02M
$1.77M – $2.36M
NOI $141,659 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A detached three-bedroom house and rear triplex offer a mix of one- and two-bedroom residences.
Where is this multifamily property located?
The property is located at 733 University Ave Honolulu, HI.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 4,995‑square‑foot property with a front house and rear triplex; Front residence: 3 bedrooms and 2 bathrooms; Rear triplex comprises two 1‑bedroom units and one 2‑bedroom unit
