5-Unit Multifamily
For Sale
$1,600,000
85-824 Lihue Street, Waianae, HI 96792
Four houses occupy a parcel exceeding half an acre beside a public park and elementary school.
Property Size4,378 SF
Price / SF$365.46
Days on Market133
Property Features for 85-824 Lihue Street
General Information
Standard status
Active
Size
4,378 SF
Property subtype
Duplex
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$3,840
Building Details
Building Size
4,378 SF
Year Built
1926
Buildings
4
Listing Agency:
Fogarty Realty, Inc.
Listed By:
Mike Tavepholjalern · License #RS-28810
(808) 955-5100
Source:
Hirootsrealty
Added: Jun 20
Changed: Oct 26
Last Checked: Oct 26 at 2:40PM
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 Fogarty Realty, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property comprises four houses with five rental units across a parcel of more than half an acre. The property contains 4,378 SF and dates to 1926. Recent remodeling has been completed, and the main front house has new electrical wiring.
A public park and elementary school are adjacent to the property. Shops and restaurants are within walking distance.
A public park and elementary school are adjacent to the property. Shops and restaurants are within walking distance.
Key Highlights
- Four houses with five rental units
- More than 1/2 acre of land
- 4,378 SF property, built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,270
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,605,400
$1.6M
Cap Rate 7%
$1,146,714
$1.1M
Cap Rate 9%
$891,889
$891.9K
Market Conditions
NOI Build-Up for 4,378 SF
Gross rent
$157.6K $36.00/SF
− Vacancy
−$11.7K −$2.66/SF
EGI
$145.9K $33.34/SF
− OpEx
−$65.7K −$15.00/SF
NOI
$80.3K $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%
$1,605,400
Cap Rate 7%
$1,146,714
Cap Rate 9%
$891,889
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,270 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.07M
NOI $124,160 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
5
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four houses occupy a parcel exceeding half an acre beside a public park and elementary school.
Where is this multifamily property located?
The property is located at 85-824 Lihue Street Waianae, HI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Four houses with five rental units; More than 1/2 acre of land; 4,378 SF property, built in 1926
