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Six-Unit Residential Portfolio
For Sale
$1,950,000

87-154 Kakalena Street, Waianae, HI 96792

MULTI_FAMILY - Waianae, HI

Days on Market51

Property Features for 87-154 Kakalena Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description 00 - Residential
Parking 15
Parking features Open, Assigned
Subdivision MAILI
Lot features Cleared, Level
Elementary school Maili
Middle school Waianae
High school Waianae
Standard status Active
APN 1-8-7-001-016-0000

Taxes and HOA fees

Tax Annual Amount 9600

Utilities

Utilities Water Available
Water source Public

Building Details

Year built 1938
Floors in Building 1
Number of units 6
Building materials Single Wall, Wood Frame
Listing Agency: Team Real Estate, Inc.
Listed By: Maria Teresa M Abella · License #RB-22069
Added: Jun 11 Changed: Jun 30 Last Checked: Jul 31 at 2:06AM
MLS# 202611506

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 offering presents a six-unit residential portfolio comprised of six individual CPR units, each under separate TMKs, along with an additional vacant lot. The package includes Units #2 through #7 associated with TMK 1-8-7-001-016, and the units are separately identified for sale under different MLS listings. The portfolio reflects a mix of occupied and vacant units, providing an operator or buyer with flexibility in how to manage current occupancy and future leasing.

The property is located at 87-154 Kakalena Street in Waianae on Oahu, HI 96792. In addition to the residential units, the portfolio includes a vacant lot totaling 5,000 square feet, which may support different planning and development options consistent with the buyer’s strategy.

For investors or owner-operators seeking a consolidated purchase, the key advantage is ownership of multiple units under one acquisition while maintaining separation through individual TMKs. Individual units are also available for purchase under separate MLS listings, which can be useful for buyers comparing the portfolio approach versus acquiring select units.

Key Highlights

  • Six‑unit residential portfolio of CPR units offered together under separate TMKs (Units #2 through #7).
  • Includes a mix of occupied and vacant units, plus a vacant lot measuring 5,000 SF.
  • Each unit has its own designated TMK, providing flexibility for future investment strategies.

Property Analytics

Current Use

Apartment buildings

Lease Details

6
Residential units

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
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Frequently Asked Questions

What type of property is this?
Apartment building - Six separate CPR units under individual TMKs plus a vacant lot are offered as a single residential income portfolio.
Where is this apartment building located?
The property is located at 87-154 Kakalena Street Waianae, HI.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Six‑unit residential portfolio of CPR units offered together under separate TMKs (Units #2 through #7).; Includes a mix of occupied and vacant units, plus a vacant lot measuring 5,000 SF.; Each unit has its own designated TMK, providing flexibility for future investment strategies.
More about this property
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