Waianae Multi-Unit Income
For Sale
$1,765,000
84-956 Hanalei Street, Waianae, HI 96792
MULTI_FAMILY - Waianae, HI
Days on Market124
Property Features for 84-956 Hanalei Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
05 - R-5 Residential District
Parking
8
Parking features
Assigned, Open, Covered
Subdivision
MAKAHA
Lot features
Level
Standard status
Active
APN
1-8-4-012-016-0000
Taxes and HOA fees
Tax Annual Amount
3648
Utilities
Utilities
Water Available
Water source
Public
Building Details
Year built
1936
Floors in Building
1
Number of units
4
Building materials
Single Wall, Wood Frame
Listing Agency:
NextHome All Islands
(808) 489-0054
Listed By:
Timothy J Murray · License #RB-24533
(808) 489-0054
Added: Apr 1
Changed: Jul 29
Last Checked: Aug 2 at 5:06AM
MLS# 202606722
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Multi‑unit income property in Waianae built in 1936
- Current rental income of $11,271/month with a current 6.9% cap rate
- 4‑bedroom unit rented for $2,500/month
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Demographics for 96792, HI
51,965
Population
15,516
Households
3.3
Avg Household Size
35
Median Age
16%
College-Educated
91%
High-School Grad
61.1 sq mi
ZIP Area
850
Density / Sq Mi
$83,927
Median Household Income
$39,666
Median Earnings
$1,820
Median Rent
$551,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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: Multi‑unit income property in Waianae built in 1936; Current rental income of $11,271/month with a current 6.9% cap rate; 4‑bedroom unit rented for $2,500/month
