84 Hanalei St

Makaha HI 96792

20000 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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!

Features

8 carspaces

20000 sq. ft. lot size

Multi-Family

Property history for 84 Hanalei St

2026

Sold

$560,000

16 Jan 2026 by Sherine Duncan, of Keller Williams Honolulu

2025

Rented

Undisclosed

04 Dec 2025 by FAHRNI REALTY

2025

Sold

$1,240,000

04 Jun 2025 by Jared Miyamoto, of Asian Pacific Investments LLC

Happy sellers in Makaha

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