New Two-Unit Duplex with
For Sale
$1,575,000
85-1020 Mill Street A & B, Waianae, HI 96792
Each residence includes three bedrooms, two baths, a private garage, and connections to City water and sewer.
Property Size2,400 SF
Price / SF$656.25
Days on Market224
Property Features for 85-1020 Mill Street A & B
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
4
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,400
Building Details
Building Size
2,400 SF
Year Built
2026
Construction
modern
Listing Agency:
NextHome All Islands
Listed By:
Timothy J Murray · License #RB-24533
(808) 489-0054
Source:
Careyluxury
Added: Mar 6
Changed: Oct 9
Last Checked: Oct 15 at 6:19AM
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 NextHome All Islands
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex is planned as two separate residences, each with three bedrooms, two bathrooms, approximately 1,200 square feet of interior space, and a 400-square-foot two-car garage. The property is connected to City water and sewer, with construction estimated for completion at the end of June 2026. CPR maps and architectural drawings are available.
Located at 85-1020 Mill Street A & B in Waianae, the property is minutes from beaches along the Waianae Coast and near dining and entertainment at 604 restaurant and Provisions at Pokai Bay. Each unit is designed with its own garage and a functional residential layout.
Located at 85-1020 Mill Street A & B in Waianae, the property is minutes from beaches along the Waianae Coast and near dining and entertainment at 604 restaurant and Provisions at Pokai Bay. Each unit is designed with its own garage and a functional residential layout.
Key Highlights
- Two separate 3‑bedroom, 2‑bath units
- Approximately 1,200 sq ft of interior space per unit
- Each unit includes a 400 sq ft two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,794
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,880
$955.9K
Cap Rate 7%
$682,771
$682.8K
Cap Rate 9%
$531,044
$531.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$73.4K $30.60/SF
− Vacancy
−$5.2K −$2.15/SF
EGI
$68.3K $28.45/SF
− OpEx
−$20.5K −$8.53/SF
NOI
$47.8K $19.91/SF
Area
Honolulu County, HI
Vacancy
7.03%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,880
Cap Rate 7%
$682,771
Cap Rate 9%
$531,044
Alternative Uses
Best Use
Multifamily LT 5
$682.8K
$597.4K – $796.6K
NOI $47,794 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$628.6K
$550.1K – $733.4K
NOI $44,004 @ 7.0% cap · market cap 2.79%
Theoretical Best
Specialty Retail
$972.3K
$850.8K – $1.13M
NOI $68,064 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Demographics for 96792, HI
51,965
Population
15,516
Households
3.3
Avg Household Size
35
Median Age
16%
College-Educated
91%
High-School Grad
61.1 sq mi
ZIP Area
850
Density / Sq Mi
$83,927
Median Household Income
$39,666
Median Earnings
$1,820
Median Rent
$551,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms, two baths, a private garage, and connections to City water and sewer.
Where is this duplex located?
The property is located at 85-1020 Mill Street A & B Waianae, HI.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Two separate 3‑bedroom, 2‑bath units; Approximately 1,200 sq ft of interior space per unit; Each unit includes a 400 sq ft two‑car garage
