87-118 Alapaki Street Waianae, HI 96792

Listing
Overview

Price: $599,000
Area: MAILI
Status: Active Under Contract

LEGAL non-conforming MULTIPLE DWELLING property a stone's throw from beautiful, white-sand Tumblelands beach! TWO DETACHED homes, with newly painted exteriors, located on one 5,000 sq. ft. lot (NOT A CPR) with separate electric meters (one water meter), separate walkways, individual water heater hookups, and separate fully-fenced yards. Potential CAP RATE about 6% with pro-forma rents of $1,800/mo and $2,200/mo respectively and insurance and property tax expenses. Front home 916 sq. ft., single wall construction with 3 bedrooms, 1 bath, newer roof (2019), kitchen, living room, driveway, storage, and mango and citrus trees. Back home: Approx. 329 sq. ft., double-wall construction with 1 bedroom, 1 bath, kitchen, living room, and huge porch. Perfect property for investors, multi-family, and owner occupant(s) that want to live in one home and rent out the other home. One range electrical outlet and one water heater need replacing. Close to Waianae Comp hospital, restaurants, beaches. Room counts and square footage in MLS do not match tax records. Listing by: Locations LLC (808) 366-7970

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  • Land Area (sf): 5,000 sf
  • Living (sf): 1,245
  • Year Built: 1942

  • Property Condition: Average
  • Number of Parking Spaces: 2
  • View: Mountain
  • Listing Office: Locations 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 December 26, 2025 - 3:03 PM Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.
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