84-956 Hanalei Street, Waianae, HI 96792

Building Details

Year built

1936

Floors in Building

1

Number of units

4

Building materials

Single Wall, Wood Frame

Listing agent Timothy J Murray License #RB-24533 Show Phone

Listing office NextHome All Islands w***@aol.com 45-480 Kaneohe Bay Drive C02, Kailua, HI Show Phone

Listing date Apr 1, 2026

Report an issue

MLS# 202606722 Listing URL

Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

This multi-unit income-producing property in Waianae generates $11,271 per month in rental income, offering a strong cash flow opportunity. The current capitalization rate is 6.9%, with the potential to increase to 8%. One of the units, a 4-bedroom, is currently rented at $2,500 per month, while Section 8 guidelines indicate potential rents up to $3,997 per month. Monthly expenses are relatively low, with property taxes at approximately $304 per month and combined water and electric averaging about $1,100 per month. The property features multiple units with new roofs on the front two structures. Permits are currently being obtained for separate water and electrical meters, adding future flexibility and value. The 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.

Map

City

Waianae

County

Honolulu

State

Hawaii

Longitude

-158.209504

Latitude

21.464496

Nearby Similar for Sale

• 

  $1,899,999

  6,954 SF

  Waianae Commercial Building For Sale

  Large commercial building in Waianae with limitless possibilities.

  86-015 Farrington Highway, Waianae, HI 96792

  View Details
• 

  $1,999,000

  4,384 SF

  Remodeled Multi-Unit Residential Property

  Three legally permitted remodeled structures provide multiple income units with parking and outdoor living space.

  84-290 Makaha Valley Road, Waianae, HI 96792

  View Details
• 

  $219,000

  952 SF

  Three-Bedroom Duplex with Carport

  Single-level duplex with a fenced yard and 2-car carport, occupied on a month-to-month lease.

  85-209 Ala Akau Street, Waianae, HI 96792

  View Details
• 

  $1,950,000

  Six-Unit Apartment Portfolio

  Six residential units are offered together for ownership under separate TMKs on one Waianae property address.

  87-154 Kakalena Street, Waianae, HI 96792

  View Details
• 

  $1,765,000

  Waianae Multi-Unit Income Property

  Income-producing property in Waianae with strong cash flow potential.

  84-956 Hanalei Street, Waianae, HI 96792

  View Details
• 

  $3,250,000

  2,164 SF

  Agricultural Property with Two Homes

  Over 12-acre agricultural property featuring two single-family homes.

  87-1087 Apuupuu Road, Waianae, HI 96792

  View Details
• 

  $625,000

  Waianae Multifamily Property For Sale

  Two homes on a 10,000 sq ft lot.

  84-960 Lahaina Street, Waianae, HI 96792

  View Details
• 

  $685,000

  1,152 SF

  Waianae Home in Sea Country

  3-bedroom home in a well-maintained community with amenities.

  87-1719 Mokila Street, Waianae, HI 96792

  View Details
• 

  $825,000

  2,230 SF

  New Five-Bedroom Home in Waianae

  New five-bedroom home with flexible living options near Maili.

  87-102 Kulaaupuni Street, Waianae, HI 96792

  View Details
• 

  $1,575,000

  2,400 SF

  New Waianae Multifamily Investment Opportunity

  New multifamily property with strong rental potential near Waianae beaches.

  85-1020 Mill Street, Waianae, HI 96792

  View Details
• 

  $839,999

  2,230 SF

  Waianae Multi-Family Home

  5-bedroom, 3-bath home near Maili Elementary School and the beach.

  87-102 Kulaaupuni Street, Waianae, HI 96792

  View Details
• 

  $1,575,000

  1,200 SF

  New Waianae Multifamily Opportunity

  New duplex near beaches, ideal for investors or owner-occupants.

  85-1020 Mill Street, Waianae, HI 96792

  View Details

FAQs

What type of property is this?

Quadplex - Income-producing property in Waianae with strong cash flow potential.

Where is this quadplex located?

The property is located at 84-956 Hanalei Street Waianae, HI.

What is the asking price?

The asking price for this property is $1,765,000.

What are key features of this property?

This property features: $11,271/month in current rental income with a current 6.9% CAP rate; 4‑bedroom unit is rented at $2,500/month; 2026 City & County Section 8 guidelines show potential rents up to $3,997/month; Low stated monthly expenses: property taxes approx. $304/month and combined water/electric averaging about $1,100/month