Quadplex with Ocean
New
For Sale
$1,900,000
824 hopoe St, Lahaina, HI 96761
Multi-Dwelling Res, Lahaina, HI
Property Size4,176 SF
Lot Size0.17 Acres
Price / SF$454.98
Days on Market7
Property Features for 824 hopoe St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 6, Bathroom 1, Bedroom 3, Bathroom 7, Bedroom 8, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 5, Bedroom 9, Bathroom 2, Bathroom 8, Bedroom 6, Bedroom 7
View
Ocean
Subdivision
Lahaina
Standard status
Active
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Amenities
covered decks
hot tub
mature fruit trees
fully fenced yard
Building Details
Buildings
1
Listing Agency:
Keller Williams Realty Maui-L
(808) 661-8777
Listed By:
Nicole Kovach
(808) 214-4703
Added: Oct 28
Changed: Oct 29
Last Checked: Nov 3 at 3:06AM
MLS# 411213
Copyright © 2026 Realtors ® Association of Maui, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,176-square-foot masonry residence contains four separate units and is offered with furniture. The building dates to 1984 and occupies a 0.1704-acre lot. Each unit has a separate entrance; kitchens serve the upper and lower levels. The upper unit features an island kitchen beneath a vaulted wood ceiling, with an ocean view toward Lanai from its lanai. Covered decks, a hot tub, mature fruit trees, and a fenced yard are also on site. Two driveways provide additional vehicle access.
The property is in Lahaina’s Kelawea Mauka neighborhood, with town, schools, West Maui beaches, and employment centers described as minutes away. Current use is long-term housing, and the property is offered as-is.
The property is in Lahaina’s Kelawea Mauka neighborhood, with town, schools, West Maui beaches, and employment centers described as minutes away. Current use is long-term housing, and the property is offered as-is.
Key Highlights
- Four separate residential units, each with its own entrance
- 4,176 square feet on a 0.1704‑acre lot
- Masonry construction; built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,608
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,752,160
$1.8M
Cap Rate 7%
$1,251,543
$1.3M
Cap Rate 9%
$973,422
$973.4K
Market Conditions
NOI Build-Up for 4,176 SF
Gross rent
$135.3K $32.40/SF
− Vacancy
−$10.1K −$2.43/SF
EGI
$125.2K $29.97/SF
− OpEx
−$37.5K −$8.99/SF
NOI
$87.6K $20.98/SF
Area
Maui County, HI
Vacancy
7.50%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,752,160
Cap Rate 7%
$1,251,543
Cap Rate 9%
$973,422
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.10M – $1.46M
NOI $87,608 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$1.12M
$981.9K – $1.31M
NOI $78,551 @ 7.0% cap · market cap 4.13%
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,253 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Demographics for 96761, HI
23,167
Population
11,851
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
95.3 sq mi
ZIP Area
243
Density / Sq Mi
$94,229
Median Household Income
$45,107
Median Earnings
$2,099
Median Rent
$905,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four individually entered units are offered furnished, with long-term tenants currently in place.
Where is this quadplex located?
The property is located at 824 hopoe St Lahaina, HI.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Four separate residential units, each with its own entrance; 4,176 square feet on a 0.1704‑acre lot; Masonry construction; built in 1984
