84-916 Hanalei Street, Waianae, HI 96792

Waianae
Local realty services provided by:Better Homes and Gardens Real Estate Refined
84-916 Hanalei Street,Waianae, HI 96792
$1,400,000
  • - Beds
  • - Baths
  • 2,662 sq. ft.
  • Multi-family
  • Active
Listed by: jared miyamoto
Office: asian pacific investments llc.
MLS#:202614924
Source:HI_HBR

Price summary

  • Price:$1,400,000
  • Price per sq. ft.:$525.92

About this home

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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Home facts

  • Year built:1938
  • Subdivision & Development:MAKAHA
  • Listing ID #:202614924
  • Added:47 day(s) ago
  • Updated:September 21, 2026 at 11:53 AM

Rooms and interior

  • Living area:2,662 sq. ft.

Structure and exterior

  • Year built:1938
  • Building area:2,662 sq. ft.
  • Lot area:0.51 Acres
  • Lot Features:Level
  • Construction Materials:Single Wall, Wood Frame

Utilities

  • Water:Public
  • Sewer:Connected

Finances and disclosures

  • Price:$1,400,000
  • Price per sq. ft.:$525.92
  • Tax amount:$4,032

Features and amenities

  • Laundry features:In Unit

Parking

  • Total parking spaces:8
  • Parking description:Assigned, Covered
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on September 21, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. HI_HBR Member Broker: Eric Yamamoto

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