1640 Lusitana Street
$2,888,000
1640 Lusitana Street, Honolulu, HI 96813
For Sale
Premium
Multifamily
Active
Last Updated: 07/05/2025
4.68
Cap Rate
135,164
NOI
Details:
Cap Rate: 4.68%
NOI: $135,164
Pro Forma Cap Rate : 4.99%
Building Size: 3,634 sqft
Lot Area: 12,285 sqft
Occupancy: 100%
Units: 10
Year Built: 1958
Zoning: R-3.5
Parking Spots: 10
Description:
Live in one, rent out the others! Perfect starter investment property. Huge lot with space in back for yard/ garden/ possible duplex. Owner was told the back part of the lot could be developed with a home, and has driveway plan for accessing it separately, if you subdivide (***Buyer to confirm with their own due diligence***). Convenient location less than half a mile from downtown Honolulu, hollow tile construction with 10 one bedrooms, 10 parking. All units pay their own electric. CAM meters for electric, gas (for dryer), and water. Property is self-managed, and has owned coin laundry.
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