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. Two of the homes have been recently renovated and are currently vacant, offering immediate rental potential. The two bedroom home is listed at $2,300/month and the 3 bedroom is listed at $3,000/month. Once these units are rented, the annual gross income would increase from $31,200 to $94,800. And there's still room for additional rental income on the occupied units, offering even greater return potential. 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. MLS listing does not match tax records.
Active
$1,600,000
84-916 Hanalei St, Waianae, HI 96792
--beds
0baths
2,662sqft
Est.:
Multi Family
Built in 1938
-- sqft lot
$1,596,300 Zestimate®
$601/sqft
$-- HOA
What's special
- 1 day
- on Zillow |
- 20 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: August 03, 2025 at 05:45pm
Listed by:
Jared Miyamoto 808-221-8849,
Asian Pacific Investments LLC
Source: HiCentral MLS,MLS#: 202512790

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Open house
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Laundry: In Unit
Interior area
- Total structure area: 2,662
- Total interior livable area: 2,662 sqft
Property
Parking
- Total spaces: 5
- Parking features: Assigned
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: None
- Frontage type: Other
Lot
- Features: Other, Level
- Topography: Level
Details
- Parcel number: 1840150030000
- Zoning description: 05 - R-5 Residential District
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Double Wall, Single Wall, Wood Frame
Condition
- Average Condition
- Year built: 1938
- Major remodel year: 1971
Utilities & green energy
- Sewer: Connected
- Water: Public
- Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
Community & HOA
Community
- Features: None
- Subdivision: Makaha
Location
- Region: Waianae
Financial & listing details
- Price per square foot: $601/sqft
- Tax assessed value: $1,154,700
- Annual tax amount: $4,080
- Date on market: 8/3/2025
- Total actual rent: 2600
- Tenant pays: Air Conditioning, Cable TV, Electricity, Gas, Other, Water
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