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84-916 Hanalei Street, Waianae, HI 96792

Waianae
Local realty services provided by:CENTURY 21 Island Homes
84-916 Hanalei Street,Waianae, HI 96792
$1,400,000
  • 10 Beds
  • - Baths
  • 2,662 sq. ft.
  • Single family
  • Active
Listed by: jared miyamoto
Office: asian pacific investments llc.
MLS#:202614927
Source:HI_HBR

Price summary

  • Price:$1,400,000
  • Price per sq. ft.:$525.92

About this home

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!

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Home facts

  • Year built:1938
  • Subdivision & Development:MAKAHA
  • Listing ID #:202614927
  • Added:80 day(s) ago
  • Updated:October 24, 2026 at 12:10 PM

Rooms and interior

  • Bedrooms:10
  • Full bathrooms:4
  • Flooring:Vinyl
  • Living area:2,662 sq. ft.

Structure and exterior

  • Year built:1938
  • Building area:2,662 sq. ft.
  • Lot area:0.51 Acres
  • Lot Features:Level
  • Architectural Style:Detached, Multiplex
  • Construction Materials:Single Wall, Wood Frame

Schools

  • High school:Waianae
  • Middle school:Waianae
  • Elementary school:Makaha

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,400,000
  • Price per sq. ft.:$525.92
  • Tax amount:$4,032

Parking

  • Total parking spaces:8
  • Parking description:Carport, On Street, Three or More Spaces
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on October 24, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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