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2711 Waiaka Rd
Honolulu, HI 96826
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Fully rehabbed in 2025 and Ready to Lease
- 8 Marked Parking Stalls
- Additional Income - Parking, Laundry, and Pet Fees
- Projected Monthly Rental Income: $20,000/Mo
- Common Laundry (tenant-paid)
- Separately Metered Utilities - Electricity with water billed back to tenant
Executive Summary
Opportunity
Fully renovated, turnkey asset in the prime area of Moiliili, this property is situated across the street from the Kuilei Place development and near the University of Hawaii at Manoa, this asset benefits from strong student demand and sits in one of Honolulu’s fastest-evolving submarkets, ensuring long-term value growth.
Income & Stability
With 8 marked parking stalls, tenant-paid laundry, parking, and pet fees, the property generates multiple revenue streams. Property is ready to be leased with projected monthly rents of $20,000 provides immediate returns with minimal near-term capital expenditures.
Fully renovated, turnkey asset in the prime area of Moiliili, this property is situated across the street from the Kuilei Place development and near the University of Hawaii at Manoa, this asset benefits from strong student demand and sits in one of Honolulu’s fastest-evolving submarkets, ensuring long-term value growth.
Income & Stability
With 8 marked parking stalls, tenant-paid laundry, parking, and pet fees, the property generates multiple revenue streams. Property is ready to be leased with projected monthly rents of $20,000 provides immediate returns with minimal near-term capital expenditures.
Property Facts
| Price Per Unit | $436,875 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.21% | Lot Size | 0.19 AC |
| No. Units | 8 | Building Size | 3,968 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1929/2025 |
| Zoning | U/12/12 | ||
| Price Per Unit | $436,875 |
| Sale Type | Investment |
| Cap Rate | 6.21% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,968 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1929/2025 |
| Zoning | U/12/12 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 750 |
Property Taxes
| Parcel Number | 1-2-7-027-021-0000 | Improvements Assessment | $221,300 |
| Land Assessment | $1,769,600 | Total Assessment | $1,990,900 |
Property Taxes
Parcel Number
1-2-7-027-021-0000
Land Assessment
$1,769,600
Improvements Assessment
$221,300
Total Assessment
$1,990,900
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