$1,765,000
84-956 Hanalei Street
MAKAHA · Waianae · 96792 · MLS 202606722
- —beds
- 0baths
- —living sqft
- Multi-familytype
ATTENTION INVESTORS – STRONG CASH FLOW OPPORTUNITY! Multi-unit income-producing property in Waianae generating $11,271/month in rental income with a current 6.9% CAP rate and potential to increase to 8%. The 4-bedroom unit is currently rented at $2,500/month, while 2026 City & County Section 8 guidelines show potential rents up to $3,997/month. Monthly expenses remain low with property taxes at approximately $304/month and combined water/electric averaging about $1,100/month.
Property features multiple units with new roofs on the front two structures and is currently in the process of obtaining permits for separate water and electrical meters, adding future flexibility and value. Property is also CPR-able, creating additional upside and multiple exit strategies.
Conveniently located near beaches, shopping, schools, parks, and dining, including Pokai Bay and Tamura’s Market, making it attractive for long-term tenants and owner-occupants alike. VA financing may be possible.
Strong income. Value-add potential. Multiple exit strategies. Don’t miss this opportunity!
Building & interior
- Style
- Multi Family
- Condition
- Average Condition
- Lot size
- 20,000 sqft
- Year built
- 1936
- Renovated
- 1946
- Stories
- One
- Parking
- 8 stalls · Assigned · Covered · Open
- View
- Mountains
Construction & features
- Construction
- Single Wall · Wood Frame
- Roofing
- Asphalt · Composition · Shingle
- Topography
- Level
- Lot features
- Level
- Utilities
- Above Ground Utilities · Electricity Available · Sewer Available · Water Available · Sewer Connected
- Water
- Public
Tax & assessment
- Annual property tax
- $3,648/yr
- Tax year
- 2025
- Assessed — total
- $1,057,700
- Assessed — land
- $976,500
- Assessed — improvements
- $81,200
- TMK
- 1-8-4-012-016-0000
- Zoning
- 05 - R-5 Residential District
- Land tenure
- Fee simple
- Financing accepted
- Assumable · Cash · Conventional · Exchange1031 · Government Loan
- Disclosures
- Owner Is Listing Agent · Principal Is Real Estate Licensed
Price history
- Original list
- $1,765,000
- Current
- $1,765,000
Listed by NextHome All Islands
Information is from the Honolulu MLS and sources deemed reliable but is not guaranteed. Square footage, lot size, taxes, permits, and land tenure should be independently verified. Not a solicitation of property already listed.
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