15-Unit Apartment
New
For Sale
$4,475,000
909 Wiliwili Street, Honolulu, HI 96826
Separately metered electric and water service, plus owner-owned washers, serve every apartment.
Property Size10,608 SF
Days on Market5
Property Features for 909 Wiliwili Street
General Information
Standard status
Active
Size
10,608 SF
Total Parking Spaces
21
Property subtype
Industrial
Units
Unit Mix
15 x 2BR
Multifamily Units
15
Taxes and HOA fees
Annual Taxes
$13,604
Amenities
washer
Building Details
Building Size
10,608 SF
Year Built
1962
Listing Agency:
Commercial Inv. Strategies
Listed By:
Christina L Dwight · License #RB-20978
(808) 429-1098
Source:
Commercialinvestmentstrategies
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 4 at 2:34PM
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 Commercial Inv. Strategies
Investment Insights
Based on property information with market context.
This 1962 apartment property contains 15 two-bedroom units, each with an owner-owned washer and separate electric and water meters. Three Section 8 units include utilities. Building improvements include a modified-bitumen roof installed in 2023, new gutters at the 911 building in 2022, upgraded railings, repaired spalling, and asbestos ceiling remediation in all units.
The property is at 909 Wiliwili Street in Honolulu, Hawaii, and provides 21 parking spaces.
The property is at 909 Wiliwili Street in Honolulu, Hawaii, and provides 21 parking spaces.
Key Highlights
- 15 two‑bedroom apartments
- 21 parking spaces
- Every unit has separate electric and water meters and an owner‑owned washer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$194,496
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,889,920
$3.9M
Cap Rate 7%
$2,778,514
$2.8M
Cap Rate 9%
$2,161,067
$2.2M
Market Conditions
NOI Build-Up for 10,608 SF
Gross rent
$381.9K $36.00/SF
− Vacancy
−$28.3K −$2.66/SF
EGI
$353.6K $33.34/SF
− OpEx
−$159.1K −$15.00/SF
NOI
$194.5K $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%
$3,889,920
Cap Rate 7%
$2,778,514
Cap Rate 9%
$2,161,067
Alternative Uses
Best Use
Apartment 5plus
$2.78M
$2.43M – $3.24M
NOI $194,496 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.30M
$3.76M – $5.01M
NOI $300,844 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
15
Residential units
Location Intelligence
Demographics for 96826, HI
30,092
Population
16,564
Households
1.8
Avg Household Size
44
Median Age
38%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
27,356
Density / Sq Mi
$67,743
Median Household Income
$44,393
Median Earnings
$1,604
Median Rent
$485,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Separately metered electric and water service, plus owner-owned washers, serve every apartment.
Where is this apartment building located?
The property is located at 909 Wiliwili Street Honolulu, HI.
What is the asking price?
The asking price for this property is $4,475,000.
What are key features of this property?
This property features: 15 two‑bedroom apartments; 21 parking spaces; Every unit has separate electric and water meters and an owner‑owned washer
