4-Unit Residential
New
For Sale
$1,550,000
927 Makahiki Way, Honolulu, HI 96826
The property combines a three-unit two-bedroom mix with one three-bedroom residence and separately metered electric service.
Property Size3,044 SF
Price / SF$509.20
Days on Market5
Property Features for 927 Makahiki Way
General Information
Standard status
Active
Size
3,044 SF
Total Parking Spaces
5
Property subtype
Multi Family
Units
Unit Mix
3 x 2BR, 1 x 3BR
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,375
Amenities
Stadium Park
Building Details
Building Size
3,044 SF
Year Built
1966
Listing Agency:
Commercial Inv. Strategies
Listed By:
Christina L Dwight · License #RB-20978
(808) 429-1098
Source:
Careyluxury
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 6 at 2:33AM
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.
Built in 1966, this 3,044-square-foot residential quadplex contains four units: three two-bedroom units and one three-bedroom unit. Two residences have been renovated. Each unit has a separate electric meter, while water service is supplied through one meter for the property. Five parking spaces are on site.
The property borders Stadium Park and is located at 927 Makahiki Way in Honolulu. The existing survey was completed on September 16, 2019.
The property borders Stadium Park and is located at 927 Makahiki Way in Honolulu. The existing survey was completed on September 16, 2019.
Key Highlights
- Four units: three two‑bedroom units and one three‑bedroom unit
- 3,044 square feet; built in 1966
- Two units have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,619
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,380
$1.2M
Cap Rate 7%
$865,986
$866.0K
Cap Rate 9%
$673,544
$673.5K
Market Conditions
NOI Build-Up for 3,044 SF
Gross rent
$93.1K $30.60/SF
− Vacancy
−$6.5K −$2.15/SF
EGI
$86.6K $28.45/SF
− OpEx
−$26.0K −$8.53/SF
NOI
$60.6K $19.91/SF
Area
Honolulu County, HI
Vacancy
7.03%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,380
Cap Rate 7%
$865,986
Cap Rate 9%
$673,544
Alternative Uses
Best Use
Multifamily LT 5
$866.0K
$757.7K – $1.01M
NOI $60,619 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$797.3K
$697.6K – $930.2K
NOI $55,811 @ 7.0% cap · market cap 3.60%
Theoretical Best
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,328 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
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
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?
Quadplex - The property combines a three-unit two-bedroom mix with one three-bedroom residence and separately metered electric service.
Where is this quadplex located?
The property is located at 927 Makahiki Way Honolulu, HI.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Four units: three two‑bedroom units and one three‑bedroom unit; 3,044 square feet; built in 1966; Two units have been renovated
