7-Unit Two-Story Apartment
For Sale
$1,995,000
735 Pumehana Street, Honolulu, HI 96826
Two-story property with a consistent one-bedroom, one-bath layout across all apartments.
Property Size3,524 SF
Days on Market50
Property Features for 735 Pumehana Street
General Information
Standard status
Active
Size
3,524 SF
Property subtype
Multi Family
Units
Unit Mix
7 x 1BR/1BA
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$4,241
Building Details
Building Size
3,524 SF
Year Built
1961
Stories
2
Listing Agency:
CBI Residential Advisory Svcs.
Listed By:
Alan J Christopher · License #RB-20664
(808) 942-7100
Source:
Commercialinvestmentstrategies
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 4 at 3:54PM
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 CBI Residential Advisory Svcs.
Investment Insights
Based on property information with market context.
This two-story apartment building contains 7 units, with each apartment arranged as one bedroom and one bathroom. The consistent unit mix gives the property a straightforward residential configuration, while the building’s 1961 construction date provides useful context for evaluating the asset.
The property is located at 735 Pumehana Street in Honolulu, Hawaii. Its seven-unit scale, uniform apartment layouts, and two-story design define the principal physical characteristics of this multifamily offering.
The property is located at 735 Pumehana Street in Honolulu, Hawaii. Its seven-unit scale, uniform apartment layouts, and two-story design define the principal physical characteristics of this multifamily offering.
Key Highlights
- 7‑unit apartment building
- Two‑story configuration
- All units feature one bedroom and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,612
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,292,240
$1.3M
Cap Rate 7%
$923,029
$923.0K
Cap Rate 9%
$717,911
$717.9K
Market Conditions
NOI Build-Up for 3,524 SF
Gross rent
$126.9K $36.00/SF
− Vacancy
−$9.4K −$2.66/SF
EGI
$117.5K $33.34/SF
− OpEx
−$52.9K −$15.00/SF
NOI
$64.6K $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%
$1,292,240
Cap Rate 7%
$923,029
Cap Rate 9%
$717,911
Alternative Uses
Best Use
Apartment 5plus
$923.0K
$807.7K – $1.08M
NOI $64,612 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $99,941 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
7
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story property with a consistent one-bedroom, one-bath layout across all apartments.
Where is this apartment building located?
The property is located at 735 Pumehana Street Honolulu, HI.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 7‑unit apartment building; Two‑story configuration; All units feature one bedroom and one bathroom
