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946 Winant St 26 Unit Apartment Building $3,800,000 ($146,154/Unit) 6.38% Cap Rate Honolulu, HI 96817
Investment Highlights
- HUGE OPPORTUNITY TO RAISE RENTS OR CONVERT TO SECTION 8 TENANTS!
- Recent Appraisal of $3,800,000 (available for review)
- Current average rents are only $1,200! (Section 8 Housing Voucher Program Payment Standards Rose To $2,157 for 2026
Executive Summary
Cash Cow! Seven (7) two-story four-plex buildings! Total (26) two bedroom units, 1 storage/office and separate laundry room! 26 electric meters and 25 gas meters! Great location just off North King St. across Farrington HS! All units rented! DO NOT disturb tenants! Offer subject to inspection!
Average rents are WELL BELOW COMPS at an average of $1200/unit. Section 8 City/County Housing Choice Voucher Program Standards are $2,157/mo. for 2 bedroom units!
Average rents are WELL BELOW COMPS at an average of $1200/unit. Section 8 City/County Housing Choice Voucher Program Standards are $2,157/mo. for 2 bedroom units!
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,800,000 | Apartment Style | Garden |
| Price Per Unit | $146,154 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 6.38% | Building Size | 10,330 SF |
| Gross Rent Multiplier | 10.1 | No. Stories | 2 |
| No. Units | 26 | Year Built | 1940 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R-5 - Residential | ||
| Price | $3,800,000 |
| Price Per Unit | $146,154 |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| Gross Rent Multiplier | 10.1 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 10,330 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Opportunity Zone |
Yes |
| Zoning | R-5 - Residential |
Amenities
Unit Amenities
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 26 | - | 391 - 440 |
1 1
Walk Score®
Walker's Paradise (91)
Property Taxes
| Parcel Number | 1-1-5-002-030-0000 | Improvements Assessment | $428,100 (2025) |
| Land Assessment | $1,577,400 (2025) | Total Assessment | $2,005,500 (2025) |
Property Taxes
Parcel Number
1-1-5-002-030-0000
Land Assessment
$1,577,400 (2025)
Improvements Assessment
$428,100 (2025)
Total Assessment
$2,005,500 (2025)
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946 Winant St
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