Triplex With Owned Solar
For Sale
$1,499,000
94-372 Haaa Street, Waipahu, HI 96797
The layout includes a separate upper-level entrance and an independently metered rear house.
Property Size3,610 SF
Lot Size0.24 Acres
Price / SF$415.24
Days on Market16
Property Features for 94-372 Haaa Street
General Information
Standard status
Active
Size
3,610 SF
Total Parking Spaces
8
Lot size
0.24 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,400
Amenities
solar panels
Building Details
Building Size
3,610 SF
Year Built
1967
Buildings
2
Listing Agency:
Fogarty Realty, Inc.
(808) 388-5411
Listed By:
Mike Tavepholjalern · License #RS-28810
(808) 388-5411
Source:
Careyluxury
Added: Aug 6
Changed: Aug 18
Last Checked: Aug 20 at 12:30PM
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 Fogarty Realty, Inc.
Investment Insights
Based on property information with market context.
This 3,610-square-foot triplex property includes two houses on a 10,404-square-foot lot. The front residence has a separately accessed upper level with living and family room space, while the rear house has its own electric meter. The property contains 8 parking spaces and 40 owned solar panels.
Built in 1967, the property is being offered in as-is condition. Its multi-structure configuration provides distinct areas within the overall residential income property, including separate access and utility features.
Built in 1967, the property is being offered in as-is condition. Its multi-structure configuration provides distinct areas within the overall residential income property, including separate access and utility features.
Key Highlights
- 3,610 square feet of building area on a 10,404‑square‑foot lot
- Triplex classification with two houses and a separate upper‑level entrance
- 8 parking spaces on the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,890
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,437,800
$1.4M
Cap Rate 7%
$1,027,000
$1.0M
Cap Rate 9%
$798,778
$798.8K
Market Conditions
NOI Build-Up for 3,610 SF
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.
Gross rent
$110.5K $30.60/SF
− Vacancy
−$7.8K −$2.15/SF
EGI
$102.7K $28.45/SF
− OpEx
−$30.8K −$8.53/SF
NOI
$71.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,437,800
Cap Rate 7%
$1,027,000
Cap Rate 9%
$798,778
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$898.6K – $1.20M
NOI $71,890 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$945.6K
$827.4K – $1.10M
NOI $66,189 @ 7.0% cap · market cap 4.42%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.71M
NOI $102,380 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - The layout includes a separate upper-level entrance and an independently metered rear house.
Where is this triplex located?
The property is located at 94-372 Haaa Street Waipahu, HI.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 3,610 square feet of building area on a 10,404‑square‑foot lot; Triplex classification with two houses and a separate upper‑level entrance; 8 parking spaces on the property
