5-Unit Apartment
For Sale
$1,690,000
94-322 Pupuole Street, Waipahu, HI 96797
Each residence has its own laundry arrangement, and electricity is separately metered.
Property Size3,696 SF
Price / SF$457.25
Days on Market60
Property Features for 94-322 Pupuole Street
General Information
Standard status
Active
Size
3,696 SF
Total Parking Spaces
6
Property subtype
Multi Family Home
Zoning
17 - AMX-2 Medium Density Apt M
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
5 x 2BR
Multifamily Units
5
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,524
Amenities
individual laundry arrangements
building-wide camera system
Building Details
Building Size
3,696 SF
Year Built
1967
Year Renovated
2022
Stories
2
Units
5
Listing Agency:
NEXTHOME Hale Realty
(808) 892-1128
Listed By:
Jennifer Vinson
(808) 225-6560
Source:
Hometownhawaiirealty
Added: Aug 27
Changed: Oct 24
Last Checked: Oct 24 at 2:48PM
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 NEXTHOME Hale Realty
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Investment Insights
Based on property information with market context.
This 3,696-square-foot apartment property contains five two-bedroom residences. The building underwent extensive remodeling in 2022, with updated interiors, durable flooring and functional kitchens. Laundry arrangements are provided individually, and electricity is separately metered. Six on-site parking spaces and a camera system covering the building and common areas are also part of the property.
Built in 1967, the property is in Waipahu near shopping, dining, public transportation, Farrington Highway and the rail system. Zoning is 17 - AMX-2 Medium Density Apt M.
Built in 1967, the property is in Waipahu near shopping, dining, public transportation, Farrington Highway and the rail system. Zoning is 17 - AMX-2 Medium Density Apt M.
Key Highlights
- Five two‑bedroom apartments in a 3,696‑square‑foot building
- Extensive remodeling completed in 2022
- Six on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,765
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,300
$1.4M
Cap Rate 7%
$968,071
$968.1K
Cap Rate 9%
$752,944
$752.9K
Market Conditions
NOI Build-Up for 3,696 SF
Gross rent
$133.1K $36.00/SF
− Vacancy
−$9.8K −$2.66/SF
EGI
$123.2K $33.34/SF
− OpEx
−$55.4K −$15.00/SF
NOI
$67.8K $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%
$1,355,300
Cap Rate 7%
$968,071
Cap Rate 9%
$752,944
Alternative Uses
Best Use
Apartment 5plus
$968.1K
$847.1K – $1.13M
NOI $67,765 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $104,819 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Demographics for 96797, HI
78,109
Population
21,327
Households
3.7
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
19.3 sq mi
ZIP Area
4,047
Density / Sq Mi
$110,036
Median Household Income
$44,685
Median Earnings
$1,981
Median Rent
$798,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has its own laundry arrangement, and electricity is separately metered.
Where is this apartment building located?
The property is located at 94-322 Pupuole Street Waipahu, HI.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Five two‑bedroom apartments in a 3,696‑square‑foot building; Extensive remodeling completed in 2022; Six on‑site parking spaces
