Upgraded Duplex in Planned
94-470 Paiwa Street Waipahu, HI 96797
New
94-470 Paiwa Street, Waipahu, HI, 96797
$875,000
For Sale
$875,000
MULTI_FAMILY - Other - Waipahu, HI
Property Size1,682 SF
Price / SF$520.21
Days on Market4
Property Features for 94-470 Paiwa Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 1
- Parking
- 4
- Parking features
- Driveway, Garage
- Standard status
- Active
- APN
- 1-9-4-002-024-0005
- Size
- 1,682 SF
Taxes and HOA fees
- Tax Annual Amount
- 3105
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 2018
- Floors in Building
- 2
- Flooring type
- Carpet, Laminate
- Building materials
- Double Wall
- Architectural style
- Other
Listing Agency
eXp Realty
(808) 725-2794
6600 Kalanianaole Hwy. Unit 114, Honolulu, HI
Listed by
Patrick K Lum · License #RS-77382
(808) 763-6349
Added: Jul 15 Checked: Jul 18 at 8:06 am
MLS# 202612717
Listing URL
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2018, this upgraded duplex includes extensive kitchen and flooring improvements. The home features central A/C and a solar water heater, along with a security system. Outdoor space is fenced, with landscaping and a pergola, and the seller notes that wooden Hawaiian discovery furniture is included. Parking is described as four spaces total: one in the garage, one in the driveway, and two assigned spaces (27 and 28).
Located in Pu’uwai Place in Waipahu, the property is described as conveniently near Waikele Premium Outlets and closer to town than homes further west.
The listing also states rental income of $4,800 through 31/Aug/2026. Maintenance fees are described as including hurricane insurance, with the buyer responsible for portions of home owner’s insurance labeled as H06 and roof coverage of standard perils. Water and sewer are billed by usage.
Located in Pu’uwai Place in Waipahu, the property is described as conveniently near Waikele Premium Outlets and closer to town than homes further west.
The listing also states rental income of $4,800 through 31/Aug/2026. Maintenance fees are described as including hurricane insurance, with the buyer responsible for portions of home owner’s insurance labeled as H06 and roof coverage of standard perils. Water and sewer are billed by usage.
Key Highlights
- 2018 home with double wall construction
- Central AC plus solar water heater
- Over $100,000 in upgrades, including extensive kitchen and flooring upgrades
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.5k | $30.60 |
| − Vacancy | −$3.6k | −$2.15 |
| EGI | $47.9k | $28.45 |
| − OpEx | −$14.4k | −$8.53 |
| NOI | $33.5k | $19.91 |
1,682 SF · lease $30.60/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$478.5K
$418.7K – $558.3K
NOI $33,496 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$440.6K
$385.5K – $514.0K
NOI $30,839 @ 7.0% cap · market cap 3.52%
Theoretical Best
Specialty Retail
$681.5K
$596.3K – $795.0K
NOI $47,702 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
G-ma's Hale
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - 2018 duplex with central AC, solar water heater, fenced yard with pergola, and four parking spaces.
Where is this duplex located?
The property is located at 94-470 Paiwa Street Waipahu, HI.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2018 home with double wall construction; Central AC plus solar water heater; Over $100,000 in upgrades, including extensive kitchen and flooring upgrades
