Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1415 Kinau St Honolulu, HI 96814

    For Sale
    $3,500,000

    22-unit stabilized property, high ROI.

    Property size:
    6,667 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional multifamily investment opportunity presents a 22-unit property located at 1415 Kinau Street, Honolulu, HI 96814. The property consists of two buildings, one concrete and one wood, both two stories high, totaling 6,667 square feet on an 8,334 square foot lot. The property features a mix of seven one-bedroom/one-bathroom units and fifteen studio units, all currently at 100% occupancy. Four parking spaces are available. Built in 1989 and renovated in 2020, the property offers a blend of modern updates and prime location advantages. The zoning is BMX-3, although currently taxed as residential, presenting potential for redevelopment under Bill 7. The asking price is $3,500,000, representing a price per square foot of $524.97 and a price per unit of $159,090.91. The current net operating income (NOI) is $156,502, yielding a 4.47% cap rate, with a pro forma NOI of $169,176 and a 4.8% cap rate. This property boasts a prime urban location within walking distance of grocery stores, medical facilities, restaurants, parks, the University of Hawaii, Ala Moana Center, Waikiki, and major employers, offering significant potential for rental income growth. Most units have undergone upgrades, and common areas have also been improved. This is a rare opportunity to acquire a stabilized, high-performing multifamily asset in a highly desirable Honolulu location.

    Property Features for 1415 Kinau St

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,667 SF

    Building Details

    Year Built/Renovated
    1989/2020
    Buildings
    2
    Stories
    2
    Units
    22

    HighLights

    • $3.5M asking price.
    • 22‑unit multifamily property.
    • $156,502 in‑place Net Operating Income (NOI), 4.47% cap rate.
    • $169,176 pro forma NOI, 4.8% cap rate.
    • Prime urban location near amenities, universities, and employment centers.
    • Significant rent growth potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cake Queen Co. Bakery OverIt Junk Removal Debris Removal Service

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.83864908
    Latitude
    21.30095839

    Nearby Similar for Sale

    • $1,950,000
      2,799 SF

      Honolulu Multifamily Near University

      Renovated multifamily property near University of Hawaii and Waikiki.
      3741 Harding Ave, Honolulu, HI 96816
      View Details
    • $21,000,000

      Versatile Land in Honolulu

      76+ acres suitable for agriculture, entertainment, or redevelopment.
      3717 Manoa Rd, Honolulu, HI 96822
      View Details
    • $21,000,000

      Versatile Land in Honolulu, Hawaii

      76+ acres suitable for agriculture, entertainment, or redevelopment.
      3737 Manoa Rd, Honolulu, HI 96822
      View Details
    • $1,700,000

      Multifamily Property in Honolulu, HI

      Multifamily property with three units on a spacious lot.
      628 Kunawai Ln, Honolulu, HI 96817
      View Details
    • $1,544,000
      1,504 SF

      Two Detached Homes Near UH

      Two detached homes on a corner lot near UH.
      1708 Nakiu Pl, Honolulu, HI 96822
      View Details
    • $1,589,000

      Honolulu Multifamily Investment Opportunity

      Prime Honolulu investment property with income upside potential.
      1671 Citron St, Honolulu, HI 96826
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 22-unit stabilized property, high ROI.
    Where is this multifamily property located?
    The property is located at 1415 Kinau St Honolulu, HI.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: $3.5M asking price.; 22-unit multifamily property.; $156,502 in-place Net Operating Income (NOI), 4.47% cap rate.
    Request Owner's contact information
    1415 Kinau St Honolulu, HI 96814
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1415 Kinau St
    Honolulu, HI 96814
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1415 Kinau St Honolulu, HI 96814
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.