809 Kinau St Honolulu, HI 96814

Listing details for 809 Kinau St, Honolulu, HI 96814 : New Price – $7,777,000 | Outstanding Value Below Replacement Cost! Offered well below replacement cost, this fee simple apartment property presents an exceptional opportunity to acquire a well-located Honolulu multifamily asset with both stable in-place income and meaningful upside. Investors can benefit from lease-up potential, future rent growth, and the possibility of a condominium conversion, with the property potentially achieving a 6% cap rate within the first year of ownership. Located outside the FEMA flood zone, the property does not require flood insurance, reducing operating expenses and enhancing long-term returns.