Multi-Unit Income Property with New
84-956 Hanalei Street Waianae, HI 96792
84-956 Hanalei Street, Waianae, HI, 96792
$1,765,000
For Sale
$1,765,000
Residential Multi Family, Other - Waianae, HI
Days on Market112
Property Features for 84-956 Hanalei Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
Building Details
- Year built
- 1936
- Architectural style
- Other
Listing Agency
NextHome All Islands
(808) 263-6000
45-480 Kaneohe Bay Dr., HI
Listed by
Tim Murray · License #59289,PersonLicenseNumber
(808) 489-0054
Added: Apr 1 Updated: Jul 16 at 5:02 pm Checked: Jul 21 at 5:06 am
MLS# 202606722
Listing URL
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Investment Insights
Based on property information with market context.
This multi-unit residential income property is currently generating $11,271 per month in rental income. The configuration includes a 4-bedroom unit, currently rented at $2,500 per month. Monthly expenses are reported as approximately $304 per month for property taxes and about $1,100 per month for combined water/electric.
Improvements include new roofs on the front two structures. The property is also in the process of obtaining permits for separate water and electrical meters, which the owner reports may add flexibility and value. The property is described as CPR-able, potentially enabling additional ownership structure options.
The listing notes an existing 6.9% cap rate and potential for future rent increases, referencing 2026 City & County Section 8 guidelines. The site is described as conveniently located near beaches, shopping, schools, parks, and dining, including Pokai Bay and Tamura’s Market.
Improvements include new roofs on the front two structures. The property is also in the process of obtaining permits for separate water and electrical meters, which the owner reports may add flexibility and value. The property is described as CPR-able, potentially enabling additional ownership structure options.
The listing notes an existing 6.9% cap rate and potential for future rent increases, referencing 2026 City & County Section 8 guidelines. The site is described as conveniently located near beaches, shopping, schools, parks, and dining, including Pokai Bay and Tamura’s Market.
Key Highlights
- $11,271/month rental income with a current 6.9% cap rate and potential to increase to 8%
- 4‑bedroom unit currently rented at $2,500/month; 2026 City & County Section 8 guidelines indicate potential up to $3,997/month
- Low monthly expenses: property taxes about $304/month and combined water/electric averaging about $1,100/month
Property Analytics
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Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Multi-unit residential income property with new roofs on the front two structures and permit applications for separate utility meters.
Where is this residential income property 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 rental income with a current 6.9% cap rate and potential to increase to 8%; 4‑bedroom unit currently rented at $2,500/month; 2026 City & County Section 8 guidelines indicate potential up to $3,997/month; Low monthly expenses: property taxes about $304/month and combined water/electric averaging about $1,100/month
