84-916 Hanalei Street Waianae, HI 96792

Listing
Overview

Price: $1,400,000
Area: MAKAHA
Status: Active

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! Listing by: Asian Pacific Investments LLC (808) 221-8849

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  • Land Area (sf): 22,000 sf
  • Living (sf): 2,662
  • Year Built: 1938

  • Property Condition: Average
  • Number of Parking Spaces: 8
  • View: None
  • Listing Office: Asian Pacific Investments LLC

  • Land Tenure: FS - Fee Simple

CONTACT US

Marcus Realty

#RB-7120
info@marcushawaii.com
(808)839-7446

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on August 25, 2026 - 12:27 PM Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.
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