Duplex with Two Living
For Sale
$815,000
87-102 Kulaaupuni Street 2, Waianae, HI 96792
Separate upper- and lower-level layouts provide flexibility for extended household use or rental income.
Property Size2,230 SF
Price / SF$365.47
Days on Market291
Property Features for 87-102 Kulaaupuni Street 2
General Information
Standard status
Active
Size
2,230 SF
Total Parking Spaces
4
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$1,380
Building Details
Building Size
2,230 SF
Year Built
2024
Buildings
1
Stories
2
Listing Agency:
Locations LLC
Listed By:
Cannie Chum · License #RB-22002
(808) 735-4200
Source:
Hirootsrealty
Added: Jan 12
Changed: Oct 27
Last Checked: Oct 26 at 2:55PM
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 Locations LLC
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Investment Insights
Based on property information with market context.
This 2024-built duplex contains 2,230 square feet arranged across two levels. The upper floor has three bedrooms, two bathrooms, and a full kitchen with stainless steel appliances. Below, a separate two-bedroom, one-bath layout includes a wet bar. The property is configured for distinct living areas, with potential for rental income noted as a possible use.
Parking accommodates up to four vehicles, with additional side parking also described as a possibility. Maili Elementary School is nearby, the beach is within walking distance, and Ko Olina and Kapolei are a short drive away for shopping and dining.
Parking accommodates up to four vehicles, with additional side parking also described as a possibility. Maili Elementary School is nearby, the beach is within walking distance, and Ko Olina and Kapolei are a short drive away for shopping and dining.
Key Highlights
- Two‑level duplex with separate upper- and lower‑floor layouts
- Upper level: 3 bedrooms, 2 bathrooms, and a full kitchen with stainless steel appliances
- Lower level: 2 bedrooms, 1 bathroom, and a wet bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,409
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$888,180
$888.2K
Cap Rate 7%
$634,414
$634.4K
Cap Rate 9%
$493,433
$493.4K
Market Conditions
NOI Build-Up for 2,230 SF
Gross rent
$68.2K $30.60/SF
− Vacancy
−$4.8K −$2.15/SF
EGI
$63.4K $28.45/SF
− OpEx
−$19.0K −$8.53/SF
NOI
$44.4K $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%
$888,180
Cap Rate 7%
$634,414
Cap Rate 9%
$493,433
Alternative Uses
Best Use
Multifamily LT 5
$634.4K
$555.1K – $740.2K
NOI $44,409 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$584.1K
$511.1K – $681.5K
NOI $40,887 @ 7.0% cap · market cap 5.02%
Theoretical Best
Specialty Retail
$903.5K
$790.5K – $1.05M
NOI $63,243 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate upper- and lower-level layouts provide flexibility for extended household use or rental income.
Where is this duplex located?
The property is located at 87-102 Kulaaupuni Street 2 Waianae, HI.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Two‑level duplex with separate upper- and lower‑floor layouts; Upper level: 3 bedrooms, 2 bathrooms, and a full kitchen with stainless steel appliances; Lower level: 2 bedrooms, 1 bathroom, and a wet bar
