Rainbowsandhomes.com Search Results

$564,062

This is Investor dreams two houses with 10,500 Sq. Ft. of land area. Nice neighborhood, close to ocean and bus stop. Number of bedrooms do not match the Tax office records.

5 Beds ⋅ 3 Baths ⋅ 202611618 MLS ⋅ FS - Fee Simple Tenure

This is Investor dreams two houses with 10,500 Sq. Ft. of land area. Nice neighborhood, close to ocean and bus stop. Number of bedrooms do not match the Tax office records.

84-736 Moua Street, Waianae

Listing courtesy of West Oahu Realty, Inc..

$1,999,000

Great investment opportunity to own a beautiful 1-acre, fully permitted multi-unit, income-producing property located in the peaceful Makaha Valley! Property has 3 legal structures that were fully remodeled in 2024 & 2026: 1) 4 bed/ 2.5 bath main house with window A/C in the bedrooms 2) two-story concrete building - 5 bed/ 2 bath upstairs unit & 5 bed/ 2 bath downstairs unit 3) one-bedroom cottage with a detached single bedroom. This property currently generates $9,900 per month in rental income from three occupied units, with one additional vacant unit projected at $3,600 per month based on current market rent. Upon full occupancy, the projected gross rental income is $13,500 per month, or $162,000 annually. Because all units are legally permitted, the property should be evaluated not only by comparable residential sales, but also by its income-producing capability using an income approach. Lots of parking. Large deck to relax and entertain in the spacious backyard with mango trees and other fruit trees. Property is on cesspool. Near beaches, gas stations, bus lines. Tax records may not match, some unpermitted areas but original structures legal. Property to be sold AS IS.

15 Beds ⋅ 8 Baths ⋅ 202610829 MLS ⋅ FS - Fee Simple Tenure

Great investment opportunity to own a beautiful 1-acre, fully permitted multi-unit, income-producing property located in the peaceful Makaha Valley! Property has 3 legal structures that were fully remodeled in 2024 & 2026: 1) 4 bed/ 2.5 bath main house with window A/C in the bedrooms 2) two-story concrete building - 5 bed/ 2 bath upstairs unit & 5 bed/ 2 bath downstairs unit 3) one-bedroom cottage with a detached single bedroom. This property currently generates $9,900 per month in rental income from three occupied units, with one additional vacant unit projected at $3,600 per month based on current market rent. Upon full occupancy, the projected gross rental income is $13,500 per month, or $162,000 annually. Because all units are legally permitted, the property should be evaluated not only by comparable residential sales, but also by its income-producing capability using an income approach. Lots of parking. Large deck to relax and entertain in the spacious backyard with mango trees and other fruit trees. Property is on cesspool. Near beaches, gas stations, bus lines. Tax records may not match, some unpermitted areas but original structures legal. Property to be sold AS IS.

84-290 Makaha Valley Road, Waianae

Listing courtesy of SC Realty, LLC.

$1,765,000

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!

202606722 MLS ⋅ FS - Fee Simple Tenure

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!

84-956 Hanalei Street, Waianae

Listing courtesy of NextHome All Islands.

$625,000

Great opportunity for investor/home buyer. This listing offers two homes on approx 10,000 sq ft of land, one two bedroom one bath unit and one three bedroom 1 bath unit. You can live in one and rent out the other! Separate electrical meters, shared water/sewer meter. Addresses are 84-960 & 84-960C Lahaina Street. Listing to be sold "As-Is, Where-Is". Buyer to verify all and do own due diligence. Tax records do not reflect actual number of bedrooms.

202603412 MLS ⋅ FS - Fee Simple Tenure

Great opportunity for investor/home buyer. This listing offers two homes on approx 10,000 sq ft of land, one two bedroom one bath unit and one three bedroom 1 bath unit. You can live in one and rent out the other! Separate electrical meters, shared water/sewer meter. Addresses are 84-960 & 84-960C Lahaina Street. Listing to be sold "As-Is, Where-Is". Buyer to verify all and do own due diligence. Tax records do not reflect actual number of bedrooms.

84-960 Lahaina Street, Waianae

Listing courtesy of Inga's Realty, Inc..

$3,700,000

Location, location, location! One block from pristine ocean frontage—don’t miss out on this rare apartment property. Previously run as an historic hotel, current use is legal non-conforming. 17 two-bedrooms and huge lot with 20 parking and possible further development potential. Opportunity to value add and raise rents to market hollow tile construction. All tenants pay their own electric and landlord pays water. Pool not in use can be uncovered and used!

202518299 MLS ⋅ FS - Fee Simple Tenure

Location, location, location! One block from pristine ocean frontage—don’t miss out on this rare apartment property. Previously run as an historic hotel, current use is legal non-conforming. 17 two-bedrooms and huge lot with 20 parking and possible further development potential. Opportunity to value add and raise rents to market hollow tile construction. All tenants pay their own electric and landlord pays water. Pool not in use can be uncovered and used!

84-1111 Hana Street, Waianae

Listing courtesy of Commercial Inv. Strategies.

$3,500,000

Rare Makaha oceanfront estate on approximately 0.48 acres of R-10 zoned land, offering unparalleled privacy and direct access to a reef-protected shoreline with seasonal sandy beach, world-class surfing, snorkeling, and wildlife viewing (whales, dolphins, turtles). This CPR property includes a modern 2009 owner's suite with a garage and two 2-bedroom, 1-bath charming 1964 bungalows—perfect for multigenerational living or generating long-term rental income. The property features owned solar hot water and photovoltaic solar panels with battery storage backup for enhanced energy efficiency, along with stunning ocean and mountain views set against lush, manicured lawns. CPR zoning offers flexible ownership options, allowing for reconfiguration to maximize value and lifestyle potential. Priced to sell quickly in this buyer's market—don't miss this slice of Hawaiian paradise!

202518209 MLS ⋅ FS - Fee Simple Tenure

Rare Makaha oceanfront estate on approximately 0.48 acres of R-10 zoned land, offering unparalleled privacy and direct access to a reef-protected shoreline with seasonal sandy beach, world-class surfing, snorkeling, and wildlife viewing (whales, dolphins, turtles). This CPR property includes a modern 2009 owner's suite with a garage and two 2-bedroom, 1-bath charming 1964 bungalows—perfect for multigenerational living or generating long-term rental income. The property features owned solar hot water and photovoltaic solar panels with battery storage backup for enhanced energy efficiency, along with stunning ocean and mountain views set against lush, manicured lawns. CPR zoning offers flexible ownership options, allowing for reconfiguration to maximize value and lifestyle potential. Priced to sell quickly in this buyer's market—don't miss this slice of Hawaiian paradise!

84-485 FARRINGTON Highway, Waianae

Listing courtesy of eXp Realty.

$1,500,000

***Price Reduction*** Rare Investment Opportunity – 4 Homes on R-5 Zoned Lot! Don't miss your chance to own this exceptional multi-family property featuring four detached single-family homes on one lot. Ideal for investors or multi-generational living! This property consists of 2 - 3 bedroom homes and 2 - 2 bedroom homes each with their own private fenced yards and dedicated parking. Tenants pay all utilities (water, sewer, gas and electric). This well-maintained property offers both stability and upside. Unit #A which is a 3 - bedroom home and unit #B which is a 2 - bedroom home have both been newly renovated in 2025. Perfect for savvy investors seeking strong cash flow, multi-family compound buyers who want privacy and flexibility or 1031 exchange buyers looking for stable, appreciating assets.

202512790 MLS ⋅ FS - Fee Simple Tenure

***Price Reduction*** Rare Investment Opportunity – 4 Homes on R-5 Zoned Lot! Don't miss your chance to own this exceptional multi-family property featuring four detached single-family homes on one lot. Ideal for investors or multi-generational living! This property consists of 2 - 3 bedroom homes and 2 - 2 bedroom homes each with their own private fenced yards and dedicated parking. Tenants pay all utilities (water, sewer, gas and electric). This well-maintained property offers both stability and upside. Unit #A which is a 3 - bedroom home and unit #B which is a 2 - bedroom home have both been newly renovated in 2025. Perfect for savvy investors seeking strong cash flow, multi-family compound buyers who want privacy and flexibility or 1031 exchange buyers looking for stable, appreciating assets.

84-916 Hanalei Street, Waianae

Listing courtesy of Asian Pacific Investments LLC.