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 10:31 AM 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.
