Multifamily Property with Separate
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 Market1
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 4, Bathroom 2, Bathroom 5, Bedroom 8, Bedroom 4, Bedroom 7, Bathroom 3, Bathroom 1, Bathroom 6, Bedroom 3, Bathroom 8, Bathroom 7, Bedroom 9, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 5
View
Ocean
Subdivision
Lahaina
Standard status
Active
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Amenities
ocean view
lanai
large 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
Last Checked: Oct 28 at 10:06PM
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 masonry multifamily property, built in 1984, contains four separate units, each with its own entrance. The 0.1704-acre lot includes two driveways, a fenced yard, mature fruit trees, covered decks, and a hot tub. The upper unit features a wood ceiling, an open kitchen with an island, and an ocean view toward Lanai. Additional lower-level units have full kitchens. Furniture is included, and the property is offered as-is.
The units are currently used for long-term housing. The property is near Lahaina town, schools, West Maui beaches, and job centers.
The units are currently used for long-term housing. The property is near Lahaina town, schools, West Maui beaches, and job centers.
Key Highlights
- Four separate units, each with an individual entrance
- 0.1704‑acre lot with two driveways and a fenced yard
- Masonry construction; built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,551
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,571,020
$1.6M
Cap Rate 7%
$1,122,157
$1.1M
Cap Rate 9%
$872,789
$872.8K
Market Conditions
NOI Build-Up for 4,176 SF
Gross rent
$150.3K $36.00/SF
− Vacancy
−$7.5K −$1.80/SF
EGI
$142.8K $34.20/SF
− OpEx
−$64.3K −$15.39/SF
NOI
$78.6K $18.81/SF
Area
Maui County, HI
Vacancy
5.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,571,020
Cap Rate 7%
$1,122,157
Cap Rate 9%
$872,789
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$981.9K – $1.31M
NOI $78,551 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
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
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?
Multifamily property - Four furnished living spaces are rented for long-term housing, with an individual entrance for each.
Where is this multifamily property 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 units, each with an individual entrance; 0.1704‑acre lot with two driveways and a fenced yard; Masonry construction; built in 1984
