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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.

$1,895,000
15 Beds ⋅ 8 Baths ⋅ 202610829 MLS ⋅ FS - Fee Simple Tenure
PRICE ADJUSTMENT! RARE 4-PERMITTED-UNIT INVESTMENT OPPORTUNITY IN MAKAHA! Situated on approximately 1 acre, this unique income-producing property features 4 permitted residential units, all extensively renovated, offering a turnkey opportunity for investors, multi-generational living, or an owner-occupant seeking rental income. Approximately 4,384 SQ FT, 15 bedrooms, 7.5 bathrooms, and parking for approximately 14+ vehicles. Currently generating approximately $9,900/month, with projected gross rental income of approximately $13,500/month ($162,000/year) when fully occupied. Four permitted units + 1 acre + extensive renovations + strong income potential - a rare combination on Oahu. Must see to appreciate the value and possibilities this property offers!

84-290 Makaha Valley Road, Waianae

Listing courtesy of SC Realty, LLC.

$1,099,999
6 Beds ⋅ 4 Baths ⋅ 202609719 MLS ⋅ FS - Fee Simple Tenure
Welcome to your dream home! This breathtaking new construction features 6 spacious bedrooms, 4 full baths, and a versatile layout perfect for multi-generational living or rental income potential. Enjoy a seamless open-concept kitchen crafted for entertaining, pristine luxury vinyl plank flooring, and high-end stainless steel appliances. Unwind on the spectacular 900+ square foot deck while soaking in sweeping mountain views. Complete with a 2-car garage, extensive parking, and a massive unfinished basement awaiting your custom design. Don't miss this rare, move-in ready masterpiece! Owner is an active State of Hawaii real estate agent.

84-949 Hana Street, Waianae

Listing courtesy of Luxury Homes International.

$1,149,999
6 Beds ⋅ 4 Baths ⋅ 202609720 MLS ⋅ FS - Fee Simple Tenure
Welcome to your dream home! This breathtaking new construction features 6 spacious bedrooms, 4 full baths, and a versatile layout perfect for multi-generational living or rental income potential. Enjoy a seamless open-concept kitchen crafted for entertaining, pristine luxury vinyl plank flooring, and high-end stainless steel appliances. Unwind on the spectacular 900+ square foot deck while soaking in sweeping mountain views. Complete with a 2-car garage, extensive parking, and a massive unfinished basement awaiting your custom design. Don't miss this rare, move-in ready masterpiece! Owner is an active State of Hawaii real estate agent.

84-949 Hana Street Unit A, Waianae

Listing courtesy of Luxury Homes International.

$849,000
8 Beds ⋅ 3 Baths ⋅ 202528314 MLS ⋅ FS - Fee Simple Tenure
Welcome home to this well-maintained, architect-designed residence in the heart of Waianae. Built specifically for multi-generational living, this versatile property offers a functional and flexible layout with bright interiors, abundant natural light, and refreshing trade winds throughout. The first level features two separate units, while the second floor offers a spacious three-bedroom unit—ideal for extended families, owner-occupants seeking rental income, or investors. Currently occupied by reliable month-to-month tenants, the property generates approximately $4,400+ in monthly rental income, providing immediate flexibility and strong income potential in today’s market. Situated on a generous lot with a spacious yard, there’s ample room for outdoor entertaining, gardening, or future expansion. Conveniently located near beaches, schools, shopping, and community amenities, that offers lifestyle and practicality. A rare opportunity to live in one unit while generating income, or to comfortably accommodate a large or extended family. Don’t miss this opportunity to own a versatile, income-producing property in a growing community. The house is a single family house with 3 units.

84-873 Hanalei Street, Waianae

Listing courtesy of OahuRE.com.

$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.