Remodeled Single-Level
85-170 Ala Hema St #F, Waianae, HI 96792
For Sale
$239,000
Pending
Three-bedroom layout with a two-car carport and fully fenced backyard.
Property Size952 SF
Lot Size0.07 Acres
Days on Market48
Property Features for 85-170 Ala Hema St #F
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Multifamily Units
Amenities
fully fenced backyard
Building Details
Year Built
Buildings
Stories
Listing Agency:
Hawaii Homes LLC
(808) 351-6871
Listed By:
Jordan T. Kam · License #RS-66171
(808) 351-0876
Source:
Hawaiihomes
Added: Sep 20
Changed: Nov 3
Last Checked: Nov 6 at 8:27AM
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 Hawaii Homes LLC
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Investment Insights
Based on property information with market context.
This 952-square-foot duplex was built in 1974 and has been newly remodeled for single-level living. The property includes a three-bedroom layout, a two-car carport, and a fully fenced backyard on a 3,193-square-foot lot.
Located at 85-170 Ala Hema St #F in Waianae, HI 96792, the property is subject to a lease through April 29, 2030. The lease may be extended to 2055, as detailed in the supplemental lease information.
Located at 85-170 Ala Hema St #F in Waianae, HI 96792, the property is subject to a lease through April 29, 2030. The lease may be extended to 2055, as detailed in the supplemental lease information.
Key Highlights
- 952‑square‑foot duplex built in 1974
- Three‑bedroom single‑level layout
- Newly remodeled interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,958
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,160
$379.2K
Cap Rate 7%
$270,829
$270.8K
Cap Rate 9%
$210,644
$210.6K
Market Conditions
NOI Build-Up for 952 SF
Gross rent
$29.1K $30.60/SF
− Vacancy
−$2.0K −$2.15/SF
EGI
$27.1K $28.45/SF
− OpEx
−$8.1K −$8.53/SF
NOI
$19.0K $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%
$379,160
Cap Rate 7%
$270,829
Cap Rate 9%
$210,644
Alternative Uses
Best Use
Multifamily LT 5
$270.8K
$237.0K – $316.0K
NOI $18,958 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$249.4K
$218.2K – $290.9K
NOI $17,455 @ 7.0% cap · market cap 7.30%
Theoretical Best
Specialty Retail
$385.7K
$337.5K – $450.0K
NOI $26,999 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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
$551,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Honolulu County, HI
Properties on Market for Duplexes in Honolulu County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom layout with a two-car carport and fully fenced backyard.
Where is this duplex located?
The property is located at 85-170 Ala Hema St #F Waianae, HI.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 952‑square‑foot duplex built in 1974; Three‑bedroom single‑level layout; Newly remodeled interior
