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718 Kamuela Ave 8 Unit Apartment Building $2,680,000 ($335,000/Unit) 6.20% Cap Rate Honolulu, HI 96815
Investment Highlights
- Fully-renovated in 2025 with 8 units in 2 buildings
- Separately metered electric & gas, individual washers, each unit has lanai or yard
- Kapahulu neighborhood abundant in amenities and low in vacancy
- Ample parking
Executive Summary
Contact co-lister Pauline Michelman (808) 454-3438 or pauline@collectivehawaii.com for info or showing requests. Attractive Income - Seize an opportunity to own this 2025 fully renovated multi-family property in Kapahulu, a neighborhood abundant in amenities commanding low vacancy rates. Ample parking for 8 units, each with a private yard or lanai. Five 1-BD/1-BA units are divided between two buildings on the ground floor. On the upper levels, you’ll find two 2-BD/1-BA units at the rear building, and the 3-BD/2-BA unit at the front building. Brand new appliances including fridge, stove/oven, and microwave hood, plus washer for each unit. Tenant pays parking, and separately metered electric & gas. Proximity to Waikiki, UH Manoa and other highlights, this location is highly rated for walkability & bus routes. Parking includes 4-car tandem parking in carport, tandem spaces on driveway, and frontage pad parking for 2 vehicles.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $2,680,000 | Building Class | C |
| Price Per Unit | $335,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,240 SF |
| Cap Rate | 6.20% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | A-2 | ||
| Price | $2,680,000 |
| Price Per Unit | $335,000 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,240 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2025 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | A-2 |
Amenities
- Smoke Detector
Unit Amenities
- Microwave
- Washer/Dryer
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Deck
- Double Pane Windows
- Island Kitchen
- Lawn
- Patio
- Porch
- Vinyl Flooring
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+1 | 2 | - | - |
| 1+1 | 5 | - | - |
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1-2-7-034-039-0000 | Total Assessment | $1,746,300 |
| Land Assessment | $1,610,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $136,300 | Tax Year | 2025 |
Property Taxes
Parcel Number
1-2-7-034-039-0000
Land Assessment
$1,610,000
Improvements Assessment
$136,300
Total Assessment
$1,746,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
Contacts
-
Hawaii Collective Real Estate Pauline Michelman -
Julian
Young
- Hawaii Collective Real Estate
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718 Kamuela Ave
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