84-916 Hanalei ST, Waianae, HI 96792
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84-916 Hanalei ST, Waianae, HI 96792
84-916 Hanalei ST, Waianae, HI 96792
84-916 Hanalei ST, Waianae, HI 96792
84-916 Hanalei ST, Waianae, HI 96792
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Jack O'Connor

Jack O'Connor

+1(808) 388-8167
Listed by Asian Pacific Investments LLC
$ 1,475,000
Est. payment /mo
Save
Active

84-916 Hanalei ST Waianae, HI 96792

10 Beds

4 Baths

2,662 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,662 sqft

Price per Sqft $554

Subdivision Makaha

MLS Listing ID 202614927

Style Detached,Multiplex

Bedrooms 10

Full Baths 4

Construction Status Average Condition,Updated/Remodeled

HOA Y/N No

Year Built 1938

Annual Tax Amount $4,032

Property Sub-Type Single Family Residence

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!

Location

State HI

County Oahu

Area Leeward

Interior

Flooring Other, Vinyl

Inclusions Ceiling Fan, Water Heater

Furnishings Unfurnished

Fireplace No

Exterior

Parking Features Carport, Three or more Spaces, On Street

Pool None

Community Features None

Utilities Available Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available

Waterfront Description Other

View Y/N No

View None

Total Parking Spaces 8

Building

Lot Description Other, Level

Entry Level One

Water Public

Architectural Style Detached, Multiplex

Level or Stories One

New Construction No

Construction Status Average Condition,Updated/Remodeled

Schools

Elementary Schools Makaha

Middle Schools Waianae

High Schools Waianae

Others

HOA Fee Include Common Areas

Tax ID 1-8-4-015-003-0000

Special Listing Condition None

Hawaii Central MLS (HiCentralMLS)
Jack O'Connor

Jack O'Connor

Agent | License ID: RS-82955

+1(808) 388-8167

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84-916 Hanalei ST