1213 Matlock Ave

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1213 Matlock Ave

Honolulu, HI 96814
Asking Price
$1.89M
Cap Rate
5.15%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building featuring eight total units
  • Priced at one million eight hundred eighty-eight thousand dollars
  • Asset achieves a cap rate of five point fifteen percent
  • Located within the urban Honolulu residential submarket
  • Investment value calculated at two hundred thirty-six thousand per unit

What's Special

This multifamily apartment building encompasses eight units in the heart of Honolulu. Positioned at 1213 Matlock Ave, the asset benefits from its location in one of Hawaii's most dense residential submarkets. The property serves as a stable residential investment option within the 96814 zip code, an area characterized by consistent rental demand and a tight housing supply typical of the urban Honolulu landscape. With a price point of $236,000 per unit, this acquisition provides an established footprint in a primary market that remains a hub for both local employment and tourism-driven economic activity. Investors focused on income-producing residential assets may find the current scale and unit count appropriate for a manageable portfolio addition. The location provides accessibility to major island thoroughfares, facilitating transit for residents throughout the metro area while maintaining proximity to essential services and regional employment centers.

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NOI
$80,000
Cap Rate
4.24%
DSCR
0.71
Underwater
Cash-on-Cash
-5.67%
Monthly Payment
$9,340.794
Annual Cash Flow
$-32,089.526

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