12-Unit Apartment
927 Hausten Street, Honolulu, HI 96826
For Sale
Contact for pricing
Two masonry buildings contain separately metered two-bedroom homes with individual gas lines and on-site laundry equipment.
Property Size6,600 SF
Lot Size0.15 Acres
Price / SF$545.45
Days on Market42
Property Features for 927 Hausten Street
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
laundry
Building Details
Year Renovated
Buildings
Construction
Listing Agency:
CUSHMAN & WAKEFIELD | ChaneyBrooks - Honolulu, Hawaii
Listed By:
Anthony Provenzano · License HI RB-22101
(808) 387-3444
Source:
Crexi
Added: Sep 30
Changed: Nov 8
Last Checked: Nov 10 at 8:10AM
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 CUSHMAN & WAKEFIELD | ChaneyBrooks - Honolulu, Hawaii
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Investment Insights
Based on property information with market context.
This 12-unit apartment property comprises two masonry buildings constructed in 1955 and 1958, with a combined 6,600 square feet of building area. The 6,400-square-foot lot is zoned A-2. Each building contains six apartments, all configured with two bedrooms and one bathroom; individual units range from 400 to 600 square feet. Total net rentable area is 5,592 square feet. Units are separately metered and have individual gas lines. Renovations completed in 2022 included appliances, gas water heaters, water and gas lines, lighting, flooring, countertops, sinks, interior and exterior paint, and the rear building’s roof. A laundry system is also on site.
The property is on Hausten Street in Honolulu’s Moiliili area, near the University of Hawaii at Manoa, grocery stores, University Avenue shops and restaurants, and Puck’s Alley.
The property is on Hausten Street in Honolulu’s Moiliili area, near the University of Hawaii at Manoa, grocery stores, University Avenue shops and restaurants, and Puck’s Alley.
Key Highlights
- 12 apartments, each with 2 bedrooms and 1 bathroom
- Two masonry buildings built in 1955 and 1958; remodeled in 2022
- 6,600 SF of building area on a 6,400 SF A‑2‑zoned lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,010
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,420,200
$2.4M
Cap Rate 7%
$1,728,714
$1.7M
Cap Rate 9%
$1,344,556
$1.3M
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$237.6K $36.00/SF
− Vacancy
−$17.6K −$2.66/SF
EGI
$220.0K $33.34/SF
− OpEx
−$99.0K −$15.00/SF
NOI
$121.0K $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%
$2,420,200
Cap Rate 7%
$1,728,714
Cap Rate 9%
$1,344,556
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.51M – $2.02M
NOI $121,010 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.67M
$2.34M – $3.12M
NOI $187,177 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
12
Residential units
Yes
Utilities to site
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
$485,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Honolulu, HI
Properties on Market for Apartment buildings in Honolulu
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two masonry buildings contain separately metered two-bedroom homes with individual gas lines and on-site laundry equipment.
Where is this apartment building located?
The property is located at 927 Hausten Street Honolulu, HI.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 12 apartments, each with 2 bedrooms and 1 bathroom; Two masonry buildings built in 1955 and 1958; remodeled in 2022; 6,600 SF of building area on a 6,400 SF A‑2‑zoned lot
