Listed by Hawaii Commercial Real Estates
$6,950,000
1917 Algaroba
Details
APN 1-2-3-29-41
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,215
Units 26
Cap Rate 5.96%
NOI $413,879
Tenancy Multi
Year Built 1960
Buildings 3
Lot Size (SqFt) 14,400
Zoning A-2
Parking Spaces 18 spaces
Parking Per SqFt 1.36
Investment Type Value Add
Multifamily | 26 Units | Stable Cash Flow
Marketing description
1917 Algaroba Street offers the opportunity to acquire a well-located, high-density apartment property featuring a diverse unit mix with multiple income strategies. The asset provides stable in-place cash flow with meaningful value-add potential through operational optimization and rental upside.
This is a rare opportunity to acquire a high-density, mixed-unit apartment asset with durable demand, stable cash flow, and clear upside potential in the supply-constrained Honolulu market.
Investment highlights
- Supply Constrained Market
- Strong Tenant Demand
- Great Cash Flow with Significant Growth Upside
- Diversified Unit Mix
- Large Land Parcel
- Long Term Redevelopment Potential for a high density apartment project via Bill 7 or 201H programs
Listing Contacts
Listed by Hawaii Commercial Real Estates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$413,878.75
$34,489.90/mo
Valuation Metrics
0
DSCR
5.96%
Cap Rate
5.96%
ROI
Map
Zoning
A-2 ResidentialMulti FamilyMedium Density Apartment District
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View all 122 uses
View all 122 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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Tax History
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