84-916 Hanalei Street, Waianae, HI 96792
- $1,475,000
- 10
- BD
- 4
- BA
- 2,662
- SqFt
- List Price
- $1,475,000
- Status
- ACTIVE
- Days on Market
- 4
- MLS#
- 202614927
- Subtype
- Residential
- Style
- Detached, Multiplex
- Year Built
- 1938
- Bedrooms
- 10
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 2,662
- Lot Size
- 22,000
- Subdivision
- Makaha
- Neighborhood
- Makaha
- MLS Area Major
- Leeward Coast
- Land Tenure
- FS - Fee Simple
Property Description
Rare investment opportunity featuring four detached single-family homes on an R-5 zoned lot. Ideal for investors, 1031 exchange buyers, or multi-generational living, this versatile property combines steady cash flow, privacy, and long-term value creation. The property includes two 3-bedroom and two 2-bedroom residences. Each home boasts its own private fenced yard and dedicated parking, providing tenants with single-family independence. Operating expenses remain exceptionally low as tenants pay all utilities—including water, sewer, gas, and electricity. Turnkey performance meets huge upside. Units A (3-bed) and B (2-bed) were renovated in 2025, commanding top-of-market rents. Currently operating at a 5.06% cap rate on $74,640 in annual income, bringing below-market units to prevailing rates unlocks an extra $15,600 annually, pushing the potential cap rate to 6.12%. Don't miss this well-maintained, high-yield asset!
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Additional Information
- Taxes
- $4,032
- Property Description
- Detached, Multiplex
- Flooring
- Other, Vinyl
- Stories
- 1
- Levels
- One
- Parking Features
- Carport, Three or more Spaces, On Street
- Elementary School
- Makaha
- Middle School
- Waianae
- High School
- Waianae
- View
- None
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Listing courtesy of Listing Agent: Jared Miyamoto (jaredmiyamoto@gmail.com) from Listing Office: Asian Pacific Investments LLC.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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