Price Reduction
Address
84-916 Hanalei Street, Waianae, HI
Price
$ 1,400,000
Property Attributes
- MLS#202614927
- TypeSingle Family
- Listing Status Active
- CountyOahu
- CityWaianae
- AreaLeeward
- NeighborhoodMAKAHA
- Zip96792
- Style
- Year Built1938
- Taxes$ 4032
- Price$ 1,400,000
- Bedrooms10
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2662
- Lot Size1 Acres
Data Source:
HiCentral MLS (HICMLS)
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!
| Elementary School | Middle School | High School |
|---|---|---|
| Makaha Elementary School | Waianae Middle School | Waianae High School |
| Price History | |
|---|---|
| 8/4/2026 | Listed $1,475,000 |
| 8/25/2026 | 5$1,400,000 |
General Features
| Utilities | Natural Gas Available,High Speed Internet Available,Phone Available,Sewer Available,Water Available |
|---|---|
| Architectural Style | Detached,Multiplex |
| View | None |
| Stories Count | 1 |
| Levels | One |
| Property Subtype | Single Family Residence |
| Community Features | None |
| County | Oahu |
| New Construction | false |
| Property Type | Residential |
| Subdivision Name | MAKAHA |
| Full Baths | 4 |
| Status | Active |
| ModificationTimestamp | 2026-08-25T22:28:11.760-00:00 |
| City | Waianae |
| MLS Area | Leeward |
| Carport Y/N | true |
| Property Condition | Average Condition,Updated/Remodeled |
| Standard Status | Active |
| Tax Assessed Value | 1227000 |
| PostalCity | Waianae |
| AttributionContact | (808) 200-4001 |
| Pool Features | None |
| Year Built | 1938 |
| Year Built Effective | 2025 |
| High School | Waianae |
| Disclosures | 1031 Exchange,Call Agent,Principal is Real Estate Licensed,Pet on Property,Seller Disclosure |
| Elementary School | Makaha |
| Zoning Description | 05 - R-5 Residential District |
| Middle/Junior High School | Waianae |
| Construction Materials | Single Wall,Wood Frame |
| Land Tenure | FeeSimple |
| Island | Oahu |
| Tax Annual Amount | 4032 |
| Topography | Level |
| Association Fee Includes | Common Areas |
| Total Actual Rent | 7979 |
Interior Features
| Flooring | Other,Vinyl |
|---|---|
| Furnished Y/N | Unfurnished |
| Total Bedrooms | 10 |
| Total Baths | 4 |
Exterior Features
| Parking Features | Carport,Three or more Spaces,On Street |
|---|---|
| Lot Features | Other,Level |
| Total Parking | 8 |
| Lot Size Area | 22000 |
| Building Area Total | 2662 |
| Frontage Type | Other |
| Water Source | Public |
| Inclusions | Ceiling Fan,Water Heater |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 96792
Price
Taxes
Year Built
© 2011 HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 21, 2026 6:56 PM UTC Some of the active listings appearing on this site may be listed by other REALTORS®. We are only showing FEE SIMPLE, ACTIVE listings on this website.
