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2105 Algaroba St 10 Unit Apartment Building $2,900,000 ($290,000/Unit) 4.40% Cap Rate Honolulu, HI 96826
Executive Summary
Well-located 10-unit multifamily property in the heart of Moiliili. All units are 1BD/1BA and currently rented, providing immediate in-place income. Two units have been recently improved, with additional upside potential through renovation and repositioning of remaining units. Each unit features a private rear patio with a washing machine, and the property offers a 1:1 parking ratio. Separately metered electric and gas enhance operational efficiency. Recently painted exterior with CMU lower level and wood-frame upper-level construction. Centrally located near the University of Hawaii, Waikiki, shopping, dining, entertainment, and freeway access. Excellent opportunity in a supply-constrained rental market!
Property Facts
| Price | $2,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $290,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.40% | Building Size | 4,080 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 2.94/1,000 SF |
| Zoning | A-2 | ||
| Price | $2,900,000 |
| Price Per Unit | $290,000 |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,080 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 2.94/1,000 SF |
| Zoning | A-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1-2-7-007-026-0000 | Improvements Assessment | $150,200 |
| Land Assessment | $1,906,600 | Total Assessment | $2,056,800 |
Property Taxes
Parcel Number
1-2-7-007-026-0000
Land Assessment
$1,906,600
Improvements Assessment
$150,200
Total Assessment
$2,056,800
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2105 Algaroba St
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