Entity Owned Property summary
This exceptional investment opportunity presents a stabilized, four-unit multifamily property located at 1618 Frog Lane, Honolulu, HI 96817. The property consists of two duplex buildings, each featuring two 2-bedroom, 1-bathroom units, totaling 2,240 square feet on a 5,339 square foot lot. Built in 1942, the property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $72,158, resulting in a compelling 5.15% capitalization rate. The asking price is $1,400,000, or $350,000 per unit. Each unit is separately metered for electricity, water, sewer, and gas, with tenants responsible for all utilities. Operating expenses are low, excluding garbage and flood insurance. The property benefits from A-1 Apartment zoning and includes six parking spaces. This cash-flowing asset is a strong contender for investors seeking a stable, high-return investment, and qualifies for a VA loan. The property's strong performance and low maintenance requirements make it an attractive addition to any portfolio. The Tax Map Key (TMK) is 1-1-7-18-50.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ultifamily dwellings, such as common wall housing, walkup apartments and high-rise apartments. Uses and activities that complement apartment use are permitted, including limited social services. (b) The intent of the A-1…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
A-1 · Honolulu, HIultifamily dwellings, such as common wall housing, walkup apartments and high-rise apartments. Uses and activities that complement apartment use are permitted, including limited social services. (b) The intent of the A-1…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ultifamily dwellings, such as common wall housing, walkup apartments and high-rise apartments. Uses and activities that complement apartment use are permitted, including limited social services. (b) The intent of the A-1…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for A-1 in Honolulu, HI.
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