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$1,400,000
10 Beds 4 Baths 202614927 MLS FS - Fee Simple Tenure
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!

84-916 Hanalei Street, Waianae

Listing courtesy of Asian Pacific Investments LLC.

$1,499,000
8 Beds 4 Baths 202528276 MLS FS - Fee Simple Tenure
Open house 9/6 cancelled due to the storm. Nestled on a 1-acre lot between the mountains and the ocean, this LIKE NEW property offers the best of island living—space, serenity, and stunning natural surroundings. The house has been EXTENSIVELY RENOVATED in 2025 with recessed lighting, double paned windows, vinyl plank flooring, carpet in bedrooms, new bathrooms and kitchens w/ stainless steel appliances and quartz counter tops! With 3 bedrooms and 2 baths downstairs and 4 bedrooms and 2 baths upstairs, this house offers endless possibilities - rent out one floor and live in the other, multi-generational living, or care home potential. The downstairs and upstairs have 2 separate outdoor entrances, no interior access between floors. Has the feel of a brand new house! Roof was just done in 2024 and has 39 OWNED PV panels on it for a low electric bill. 7 bedrooms total between the 2 floors, TMK records say 8 because the 8th bedroom upstairs was converted to a wet bar. Bedrooms are spacious and most have mountain views. The generous lot provides endless possibilities, whether you envision lush gardens, or room to expand. A short drive to Makaha beach. Some photos are enhanced.

84-1036 Noholio Road, Waianae

Listing courtesy of Coldwell Banker Realty.

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.