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10 Beds
4 Baths
2,662 sqft

$1,400,000

84-916 Hanalei Street, Waianae HI, 96792

Price per sqft$525.92
Built in1938
Property size2,662 sqft
Property typeResidential

Overview

Active

Listed Aug 4, 2026

Updated Aug 26

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!

$9,314/mo

Est. mortgage payment based on a $1,400,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202614927

Interior Features

Bedrooms
10
Bathrooms
4
Basement
No

Exterior Features

Lot Size
0.51 Acres

Other Property Details

Taxes
$4,032
Tax Frequency
Annually
MLS provider logo

 

Courtesy of Asian Pacific Investments LLC, Jared Miyamoto

Listing Contact: (808) 200-4001 

Based on information from the Multiple Listing Service of HI - Honolulu Board of REALTORS® / HiCentral (HBR) listings last updated on 8/26/2026 3:54 AM UTC. Information is deemed reliable but not guaranteed. Copyright: 2026 by the Honolulu Board of REALTORS®/ HICentral. Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require the use of other disclaimers as necessary to protect participants and/or the MLS from liability.

©2026 Honolulu Board of REALTORS®/ HICentral. All rights reserved. 

Data last updated 3:54 AM UTC, 8/26/2026

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