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84-916 Hanalei Street, 
Waianae, HI 96792

$1,475,000


Bed


4

Baths


2,662

Sq Ft


Multi-Family

Active

Listed by

Jared Miyamoto

Asian Pacific Investments LLC.

Last updated:

August 6, 2026, 12:11 PM

MLS#

202614924

Source:

HI HBR

About This Home

84-916 Hanalei Street

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!

Home Facts

Multi-Family

4 Baths

Built in 1938

Subdivision & Development:

MAKAHA

Price Summary

1,475,000

$554 per Sq. Ft.

MLS #:

202614924

Last Updated:

August 6, 2026, 12:11 PM

Added:

2 day(s) ago


Rooms & Interior

Bathrooms

Total Bathrooms:

4


Structure

Structure

Building Area:

2,662 Sq. Ft.

Year Built:

1938


Lot

Lot Size (Sq. Ft):

22,000


Finances & Disclosures

Finances

Price:

$1,475,000

Price per Sq. Ft:

$554 per Sq. Ft.

Source:HI HBR
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on August 6, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.