84-956 Hanalei Street Waianae, HI 96792
Listing
Overview
Price: $1,765,000
Area: MAKAHA
Status: Active
ATTENTION INVESTORS – STRONG CASH FLOW OPPORTUNITY! Multi-unit income-producing property in Waianae generating $11,271/month in rental income with a current 6.9% CAP rate and potential to increase to 8%. The 4-bedroom unit is currently rented at $2,500/month, while 2026 City & County Section 8 guidelines show potential rents up to $3,997/month. Monthly expenses remain low with property taxes at approximately $304/month and combined water/electric averaging about $1,100/month.
Property features multiple units with new roofs on the front two structures and is currently in the process of obtaining permits for separate water and electrical meters, adding future flexibility and value. Property is also CPR-able, creating additional upside and multiple exit strategies.
Conveniently located near beaches, shopping, schools, parks, and dining, including Pokai Bay and Tamura’s Market, making it attractive for long-term tenants and owner-occupants alike. VA financing may be possible.
Strong income. Value-add potential. Multiple exit strategies. Don’t miss this opportunity! Listing by: NextHome All Islands (808) 489-0054
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Strong income. Value-add potential. Multiple exit strategies. Don’t miss this opportunity!"
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- Land Area (sf): 20,000 sf
- Year Built: 1936
- Property Condition: Average
- Number of Parking Spaces: 8
- View: Mountain
- Listing Office: NextHome All Islands
- Land Tenure: FS - Fee Simple
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
listings last updated on May 14, 2026 - 3:28 PM
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
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