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311 Puuhue Pl 311 Puuhue Pl 25 Unit Apartment Building $7,300,000 ($292,000/Unit) 5.01% Cap Rate Honolulu, HI 96817
Investment Highlights
- Newly constructed in 2022
- Each unit features in-unit washer/dryer, water heater, refrigerator, and stove/oven
- Bill 7 exemptions include real property tax and general excise tax through 2032
Executive Summary
FIRST COMPLETED BILL 7 APARTMENT BUILDING FOR SALE! 311 Puuhue Place is a newly constructed five-story walk-up completed in 2022 under Honolulu's Bill 7 program, consisting of twenty-five one-bedroom units on 5,110 square feet of fee simple U/11/11 zoned land. The property includes nine parking stalls, bicycle and moped parking, and electricity and water submetering monitored by Ikehu Utility Solutions. Each unit features in-unit washer/dryer, water heater, refrigerator, and stove/oven. Income and expenses stated are proforma. Bill 7 exemptions include real property tax and general excise tax through 2032. Please contact Listor for additional details. PLEASE DO NOT DISTURB TENANTS OR WALK ON THE PEROPERTY WITHOUT PERMISSION. Note: One or more photos may have been enhanced.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $7,300,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $292,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.01% | Building Size | 18,414 SF |
| No. Units | 25 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 0.49/1,000 SF |
| Zoning | U/11/11 - Urban Commercial Zoning | ||
| Price | $7,300,000 |
| Price Per Unit | $292,000 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 18,414 SF |
| No. Stories | 5 |
| Year Built | 2022 |
| Parking Ratio | 0.49/1,000 SF |
| Zoning | U/11/11 - Urban Commercial Zoning |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Pantry
Site Amenities
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 25 | - | - |
Walk Score®
Very Walkable (82)
Transit Score®
Excellent Transit (72)
Property Taxes
| Parcel Number | 1-1-7-018-061-0000 | Total Assessment | $4,044,300 (2025) |
| Land Assessment | $940,300 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,104,000 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
1-1-7-018-061-0000
Land Assessment
$940,300 (2025)
Improvements Assessment
$3,104,000 (2025)
Total Assessment
$4,044,300 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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311 Puuhue Pl | 311 Puuhue Pl
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