84-916 Hanalei St
Waianae, HI 96792

For Sale
Active
List Price
$1,400,000 (FS)
Property Type:
Multi-Family
Studio Units:
0
1-Bed Units:
0
2-Bed Units:
2
3-Bed Units:
3
Land Area (sf):
22,000
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
8 - Assigned, Covered
MLS #:
202614924
Island:
Oahu
Region:
Leeward Coast
Neighborhood:
MAKAHA
TMK:
1-8-4-015-003-0000
List Date:

REMARKS:

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!

PROPERTY INFORMATION:

Zoning:
5 - R-5 Residential
Furnished:
None
Year Built:
1938
Year Remodeled:
1971

FINANCIAL INFORMATION:

Assd. Val. Land:
$926,100
Assd. Val. Imprv:
$300,900
Assd. Val. Total:
$1,227,000
Tax Year:
2025
Monthly Taxes:
$336
Home Exempt.:
--

SCHOOLS:

Elem. School:
--
Middle School:
--
High School:
--

OTHER PROPERTY FEATURES:

Frontage:
Other
View:
None
Pool:
--
Amenities:
None
Inclusions:
--
Security:
--
Assn. Fee Inclusions:
--
Other Fee Inclusions:
--
Lot Description:
Other
Topography:
Level
Number of Stories:
One
Building Style:
--
Property Condition:
Average
Construction:
Above Ground, Single Wall, Wood Frame
Roofing:
Asphalt Shingle
Floor Covering:
--
Disclosures:
1031 Exchange, Call Listor, Licensed Owner, Pet on Property, Property Disclosure Stmt
Possession:
At Closing
Terms Accept.:
1031 Exchange, Cash, Conventional
Land Recorded:
Land Court
Exclusions:
--
Easements:
None
Set-Backs:
None

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Tuesday, September 8, 2026.  Information is deemed reliable but not guaranteed.  Copyright: 2026 by HiCentral MLS, Ltd.  Listing courtesy of Asian Pacific Investments LLC