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    87-274 St Rd Waianae, HI 96792

    Sponsored
    For Sale
    $2,500,000

    Five renovated homes, strong ROI.

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multifamily investment opportunity in Waianae, Hawaii, presents five fully renovated homes situated on a spacious 28,785 square foot lot. Each home boasts three bedrooms, two bathrooms, and a two-car carport. The property, built in 1946 and extensively renovated in 2022, offers a stabilized net operating income (NOI) of $138,000, resulting in a 5.52% cap rate. The asking price is $2,500,000, translating to $500,000 per unit and $333.33 per square foot. Modern kitchens feature new appliances, and each home includes private, fenced yards with washer/dryer hookups and separate electric meters. Master suites offer en-suite bathrooms with showers, while secondary bathrooms include tubs. The property is zoned R-5 and located on a peaceful cul-de-sac. Legally permitted, it presents potential for future development as a Condominium Property Regime (CPR), further enhancing long-term investment value. This turnkey investment is ideal for those seeking high-income potential and a strong return on investment in a thriving Hawaiian market. The property's features include upgraded interiors with new walls, paint, flooring, and high-end fixtures.

    Property Features for 87-274 St Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,500 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1946/2022
    Buildings
    5
    Units
    5

    HighLights

    • Five turnkey homes on a 28,785 SF lot.
    • $13,000 stabilized monthly gross income.
    • Each home features 3 bedrooms, 2 baths, and a 2‑car carport.
    • Upgraded interiors with new walls, paint, flooring, and fixtures.
    • Modern kitchens with new appliances (refrigerator & stove).
    • Private yards with washer/dryer hookups.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waianae
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.1713445
    Latitude
    21.4180348

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    FAQs

    What type of property is this?
    Multifamily property - Five renovated homes, strong ROI.
    Where is this multifamily property located?
    The property is located at 87-274 St Rd Waianae, HI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Five turnkey homes on a 28,785 SF lot.; $13,000 stabilized monthly gross income.; Each home features 3 bedrooms, 2 baths, and a 2-car carport.
    Request Owner's contact information
    87-274 St Rd Waianae, HI 96792
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    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
    87-274 St Rd Waianae, HI 96792
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