Oceanfront Triplex With Sea
91-507 Ewa Beach Road Ewa Beach, HI 96706
91-507 Ewa Beach Road, Ewa Beach, HI, 96706
$1,750,000
For Sale
$1,750,000
Triplex for sale with 55 linear feet of ocean frontage and an approved sea wall on a fee simple lot.
Property Size2,679 SF
Lot Size0.32 Acres
Price / SF$653.23
Days on Market660
Property Features for 91-507 Ewa Beach Road
General Information
- Standard status
- Active
- Size
- 2,679 SF
- Lot size
- 0.32 Acres
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1936
Listing agency
Horita Realty LLC
(808) 487-1561
Listed by
Linda Dusty Woodstock · License #RB-12155
(808) 487-1561
Source
Compass
Added: Sep 30, 2024 Updated: Jul 20 at 7:24PM Checked: Jul 21 at 6:35AM
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 Horita Realty LLC
Investment Insights
Based on property information with market context.
This oceanfront triplex features three permitted residential dwellings on a fee simple, all-level lot. The closest-to-street unit is a 2-bedroom, 1-bath. The middle unit is a 3-bedroom, 1-bath, and includes a 150 SF detached covered lanai. The studio closest to the ocean has newer sliding vinyl windows.
The property has 55 linear feet of ocean frontage and includes an approved sea wall. A perimeter lava rock wall is present on some portions of the property, and the site borders a beach access lane. Per seller, sandy beach is seasonal.
At the time of listing, there are long-term tenants on month-to-month leases, and they are not to be disturbed. Showings require a pre-approval letter and proof of funds via a bank statement, and prospective parties should not walk or drive onto the property without permission from the listing agent.
The property has 55 linear feet of ocean frontage and includes an approved sea wall. A perimeter lava rock wall is present on some portions of the property, and the site borders a beach access lane. Per seller, sandy beach is seasonal.
At the time of listing, there are long-term tenants on month-to-month leases, and they are not to be disturbed. Showings require a pre-approval letter and proof of funds via a bank statement, and prospective parties should not walk or drive onto the property without permission from the listing agent.
Key Highlights
- 55 linear feet of ocean frontage with an approved sea wall
- Fee simple, all level 13,750 SF lot (250 x 55) with no association and no association fee
- 3 permitted residential dwellings: 2BR/1BA near street, 3BR/1BA in the middle with a 150 SF detached covered lanai, and a studio near the ocean
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.0k | $30.60 |
| − Vacancy | −$5.8k | −$2.15 |
| EGI | $76.2k | $28.45 |
| − OpEx | −$22.9k | −$8.53 |
| NOI | $53.4k | $19.91 |
2,679 SF · lease $30.60/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$762.1K
$666.9K – $889.2K
NOI $53,350 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$701.7K
$614.0K – $818.7K
NOI $49,119 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$1.09M
$949.7K – $1.27M
NOI $75,977 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex for sale with 55 linear feet of ocean frontage and an approved sea wall on a fee simple lot.
Where is this triplex located?
The property is located at 91-507 Ewa Beach Road Ewa Beach, HI.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 55 linear feet of ocean frontage with an approved sea wall; Fee simple, all level 13,750 SF lot (250 x 55) with no association and no association fee; 3 permitted residential dwellings: 2BR/1BA near street, 3BR/1BA in the middle with a 150 SF detached covered lanai, and a studio near the ocean
