Thanksgiving - The office will be closed on Thursday 11/27/25 and Friday 11/28/25
Christmas - The office will be closed on Thursday 12/25/25 and Friday 12/26/25
New Years - The office will be closed on Thursday 1/1/26 and Friday 1/2/26
87-118 Alapaki Street Waianae, HI 96792
Listing Overview
Price: $629,000 Area: MAILI Status: Active
TWO DETACHED HOMES FOR THE PRICE OF ONE! LEGAL non-conforming Two-Homes-One-One-Lot property a stone's throw from beautiful, white-sand Tumblelands beach! Live in one and rent the other to help pay the mortgage. Both detached homes have newly painted exteriors and are 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. 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 lanai. 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. Potential CAP RATE about 6% with pro-forma rents of $1,800/mo and $2,200/mo respectively and insurance and property tax expenses. Listing by: Locations LLC (808) 690-9555
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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
listings last updated on October 10, 2025 - 9:05 AM
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
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