Status: Active
MLS Number: 202614924
List Price: $1,400,000Price changed from $1,475,000
Units: 4
0/1/2/3 Bed: 0/0/2/3
Fee:
Region: Leeward
Neighborhood: Makaha
List Date: 08-04-2026
Land: 22,000
Year Built: 1938
Listing courtesy of Asian Pacific Investments LLC
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!
Status: Active
MLS Number: 202606722
List Price: $1,765,000Units: 4
0/1/2/3 Bed: 0/0/1/3
Fee:
Region: Leeward
Neighborhood: Makaha
List Date: 04-01-2026
Land: 20,000
Year Built: 1936
Listing courtesy of NextHome All Islands
Description: 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!
Status: Active
MLS Number: 202616618
List Price: $2,483,000Units: 0
0/1/2/3 Bed: 0/0/0/1
Fee:
Region: Leeward
Neighborhood: Makaha
List Date: 09-16-2026
Land: 19,008
Year Built: 1957
Listing courtesy of Brinkman Properties LLC
Description: Oceanfront 5 bedroom each with its own private exterior entrance; 6 bathrooms; 2-car garage; laundry room; pool; covered carport; expansive yard; beach sand area; large workshop with windows; & gated entry. Plenty of room to park 10+ vehicles, and boats and jet skis. Current tenant paying rent year-round but rarely stays at the property and also serves as the on-site management/caretaking contact. Tenant currently pays water/sewer, electricity, cable, repairs, yard maintenance and pool service. The owner just pays property taxes and insurance. World-famous Makaha’s sandy beach is a short walk along the seawall. Makaha Valley Country Club’s 18-hole golf course and Lilikoi Lounge Restaurant are approximately 3 miles away. Honolulu International Airport is approximately 31 miles away, and Waikiki is approximately 39 miles away. 19,008 sqft of fee-simple slightly elevated lava-rock foundation and is reported to be outside a designated flood zone. No flood insurance required by lenders. Request the survey, inspection report dated August 25, 2026, Sentricon termite warranty, and building plans from the 2000 remodel. See the attached virtual tour home/location video. Sold As-Is.
Status: Contract
MLS Number: 202603412
List Price: $625,000Price changed from $725,000
Units: 2
0/1/2/3 Bed: 0/0/1/1
Fee:
Region: Leeward
Neighborhood: Makaha
List Date: 02-06-2026
Land: 10,000
Year Built: 1952
Listing courtesy of Inga's Realty, Inc.
Description: Great opportunity for investor/home buyer. This listing offers two homes on approx 10,000 sq ft of land, one two bedroom one bath unit and one three bedroom 1 bath unit. You can live in one and rent out the other! Separate electrical meters, shared water/sewer meter. Addresses are 84-960 & 84-960C Lahaina Street. Listing to be sold "As-Is, Where-Is". Buyer to verify all and do own due diligence. Tax records do not reflect actual number of bedrooms.
