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New Waianae Multifamily Opportunity
For Sale
$1,575,000

85-1020 Mill Street, Waianae, HI 96792

MULTI_FAMILY - Waianae, HI

Property Size1,200 SF
Price / SF$1,312
Days on Market152

Property Features for 85-1020 Mill Street

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Zoning description 05 - R-5 Residential District
Parking 2
Parking features Covered
Subdivision WAIANAE
Lot features Flag Lot, Level
Standard status Active
APN 1-8-5-007-012-0002
Size 1,200 SF

Taxes and HOA fees

Tax Annual Amount 2400

Utilities

Utilities Water Available
Water source Public

Building Details

Year built 2026
Floors in Building 1
Number of units 2
Building materials Double Wall, Wood Frame
Listing Agency: NextHome All Islands
Listed By: Timothy J Murray · License #RB-24533
Added: Mar 6 Changed: May 4 Last Checked: Aug 5 at 2:06PM
MLS# 202605176

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 new multifamily property is located in Waianae and features two separate units, each with 3 bedrooms and 2 bathrooms. Each unit offers approximately 1,200 sq ft of interior living space and a 400 sq ft two-car garage. Constructed with modern design, the property is connected to city water and sewer. Each unit includes spacious living areas and functional layouts, along with individual garages that offer potential for conversion into additional living area or ADU-style space, pending buyer due diligence. Situated minutes from beaches on the Waianae Coast, the location provides access to ocean activities, sunsets, and a relaxed lifestyle. Dining and entertainment options are available nearby. The property may be attractive to investors seeking rental potential. Estimated construction completion is end of June.

Key Highlights

  • Brand new construction with estimated completion at the end of June, featuring two separate 3‑bedroom, 2‑bath units.
  • Each unit offers approximately 1,200 sq ft of living space and a 400 sq ft two‑car garage.
  • Strong rental potential, with estimated Section 8 vouchers at $3,300 per month per unit (buyer to verify).

Property Analytics

Current Use

Duplexes

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - New duplex near beaches, ideal for investors or owner-occupants.
Where is this duplex located?
The property is located at 85-1020 Mill Street Waianae, HI.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Brand new construction with estimated completion at the end of June, featuring two separate 3‑bedroom, 2‑bath units.; Each unit offers approximately 1,200 sq ft of living space and a 400 sq ft two‑car garage.; Strong rental potential, with estimated Section 8 vouchers at $3,300 per month per unit (buyer to verify).
More about this property
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