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20163558
20163559

87-274 St John's Rd, Waianae, HI 96792

CPS-Commercial Property Solutions
Listed by CPS-Commercial Property Solutions
$3,250,000
53 days on market
Updated 53 days ago

St Johns Multifamily

Details
APN 870040220000
Property Type Multifamily
Sub Type Multifamily Housing
Square Footage 7,500
Net Rentable (SqFt) 7,500
Units 5
Cap Rate 4.25%
NOI $138,000
Pro-Forma Cap Rate 4.25%
Pro-Forma NOI $138,000
Price per SqFt $433
Class B
Year Built 1946
Year Renovated 2022
Buildings 5
Lot Size (SqFt) 28,785
Zoning R-5
Parking Spaces 5 per unit
Investment Type Stabilized
Ownership FS

St Johns Multi-Family

Marketing description

FIVE HOUSES. Introducing a prime investment opportunity in Waianae, Hawaii, offering exceptional value in one of Hawaii’s most promising markets. This newly redeveloped multi-family property on St. John's Road sits on 28,785 SF of land and features five turnkey homes, each with 3 bedrooms, 2 bathrooms, and a two-car carport, making it an attractive choice for 1031 exchange investors seeking high income-generating potential with a stabilized gross monthly income of $13,400.

With competitive pricing, this property stands out in the local market, offering strong return on investment. Each home is upgraded with new walls, paint, flooring, high-end fixtures, and modern kitchens, along with private, spacious yards and separate electric meters. Located on a peaceful cul-de-sac, the master suites feature en-suite bathrooms with showers, while second bathrooms include tubs for added convenience.

Key investment features:

  • Modern kitchens with new appliances (refrigerator and stove)

  • Expansive, fenced yards with washer/dryer hookups

  • Two-car carports for each home

  • All homes are legally permitted with potential for CPR (Condominium Property Regime) development, further enhancing long-term investment value.

Acquire a competitively priced, high-performing asset in a thriving market.

Investment highlights

Investment Highlights:

  • Five turnkey homes located on 28,785 SF of land

  • Stabilized gross monthly income of $13,400

  • Each home features 3 bedrooms, 2 bathrooms, and a two-car carport

  • Upgraded interiors with new walls, paint, flooring, and high-end fixtures

  • Modern kitchens equipped with new appliances (refrigerator and stove)

  • Private, expansive yards with washer/dryer hookups for each home

  • Homes come with separate electric meters for easy tenant management

  • Master suites with en-suite bathrooms and second bathrooms with tubs

  • Located on a peaceful cul-de-sac

  • All homes are legally permitted, with potential for CPR (Condominium Property Regime) development

  • Attractive for 1031 exchange investors seeking high-income potential

  • Competitively priced in a thriving market with strong ROI potential

This property represents a high-performing investment asset in one of Hawaii’s most promising markets.

Listing Contacts

CPS-Commercial Property Solutions
Listed by CPS-Commercial Property Solutions

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$138,000.00
$11,500.00/mo

Valuation Metrics

0
DSCR
4.25%
Cap Rate
4.25%
ROI

Map

Zoning

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R-5 ResidentialTwo FamilyResidential District
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Last updated Feb 20, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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