Three-Home Multifamily
For Sale
$1,350,000
87-1055 Hakimo Rd, Waianae, HI 96792
Tenant-occupied homes require repairs and are offered in as-is condition.
Property Size3,072 SF
Price / SF$439.45
Days on Market48
Property Features for 87-1055 Hakimo Rd
General Information
Standard status
Active
Size
3,072 SF
Property subtype
Multi-Family
Building Details
Year Built
1965
Listing Agency:
Exp Realty
(808) 725-2794
Listed By:
Holden Lau
(808) 387-3366
Source:
Kakaako
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 1 at 5:56AM
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 Exp Realty
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Investment Insights
Based on property information with market context.
This multifamily property includes three tenant-occupied homes on a 3-acre lot. The improvements total 3,072 square feet and date to 1965. The property requires repairs and is being offered in its existing condition.
Located at 87-1055 Hakimo Rd in Waianae, Hawaii, the property presents a multi-home residential configuration on a sizable parcel. Prospective purchasers should independently verify property details and conduct their own due diligence.
Located at 87-1055 Hakimo Rd in Waianae, Hawaii, the property presents a multi-home residential configuration on a sizable parcel. Prospective purchasers should independently verify property details and conduct their own due diligence.
Key Highlights
- Three tenant‑occupied homes on one 3‑acre lot
- 3,072 square feet of improvements
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,325
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,500
$1.1M
Cap Rate 7%
$804,643
$804.6K
Cap Rate 9%
$625,833
$625.8K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$110.6K $36.00/SF
− Vacancy
−$8.2K −$2.66/SF
EGI
$102.4K $33.34/SF
− OpEx
−$46.1K −$15.00/SF
NOI
$56.3K $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%
$1,126,500
Cap Rate 7%
$804,643
Cap Rate 9%
$625,833
Alternative Uses
Best Use
Apartment 5plus
$804.6K
$704.1K – $938.8K
NOI $56,325 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $87,122 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Tenant-occupied homes require repairs and are offered in as-is condition.
Where is this multifamily property located?
The property is located at 87-1055 Hakimo Rd Waianae, HI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three tenant‑occupied homes on one 3‑acre lot; 3,072 square feet of improvements; Built in 1965
