84-956 Hanalei Street, Waianae, HI 96792
- $1,765,000
- List Price
- $1,765,000
- Status
- ACTIVE
- Type
- Multifamily
- MLS#
- 202606722
- Days on Market
- 117
- Land Area
- 20,000
- Year Built
- 1936
- Property Type
- Residential
- Neighborhood
- Makaha
- Land Tenure
- FS - Fee Simple
Property Description
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!
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Additional Information
- Island
- Oahu
- Utilities
- Above Ground Utilities, Electricity Available, Sewer Available, Water Available, Sewer Connected
- View
- Mountain(s)
- Lot Size
- 20,000
- Construction Materials
- Single Wall, Wood Frame
- Neighborhood
- Makaha
- Year Built
- 1936
- Sewer
- Connected
- Parking Features
- Assigned, Covered, Open
- Lot Features
- Other, Level
- Stories
- 1
- Assessed Total
- 1057700
- Water
- Public
Mortgage Calculator
Listing courtesy of NextHome All Islands.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Contact: (808) 489-0054