84-916 Hanalei ST, Waianae, HI 96792
84-916 Hanalei ST, Waianae, HI 96792
84-916 Hanalei ST, Waianae, HI 96792
84-916 Hanalei ST, Waianae, HI 96792
84-916 Hanalei ST, Waianae, HI 96792
84-916 Hanalei ST, Waianae, HI 96792
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jennifer Schultz

Jennifer Schultz

+1(843) 300-9088
Listed by Asian Pacific Investments LLC
$ 1,475,000
Est. payment | /mo

10 Beds

4 Baths

2,662 SqFt

Save
$ 1,475,000
Est. payment | /mo
Save

10 Beds

4 Baths

2,662 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,662 sqft

Price per Sqft $554

Subdivision Makaha

MLS Listing ID 202614927

Style Detached,Multiplex

Bedrooms 10

Full Baths 4

Construction Status Average Condition,Updated/Remodeled

HOA Y/N No

Year Built 1938

Annual Tax Amount $4,032

Property Sub-Type Single Family Residence

Property Description

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!

Location

State HI

County Oahu

Area Leeward

Interior

Flooring Other, Vinyl

Inclusions Ceiling Fan, Water Heater

Furnishings Unfurnished

Fireplace No

Exterior

Parking Features Carport, Three or more Spaces, On Street

Pool None

Community Features None

Utilities Available Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available

Waterfront Description Other

View Y/N No

View None

Total Parking Spaces 8

Building

Lot Description Other, Level

Entry Level One

Water Public

Architectural Style Detached, Multiplex

Level or Stories One

New Construction No

Construction Status Average Condition,Updated/Remodeled

Schools

Elementary Schools Makaha

Middle Schools Waianae

High Schools Waianae

Others

HOA Fee Include Common Areas

Tax ID 1-8-4-015-003-0000

Special Listing Condition None

Hawaii Central MLS (HiCentralMLS)

Nearby Locations

Jennifer Schultz

"Please feel free to reach out anytime should you have any questions! " 

 

+1(843) 300-9088

jennifernschultz@gmail.com

970 N Kalaheo Ave A210, Kailua, Hawaii 96734

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Keller Williams Honolulu, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

84-916 Hanalei ST