About 87-118 Alapaki Street
TWO DETACHED HOMES FOR THE PRICE OF ONE! LEGAL non-conforming Two-Homes-One-One-Lot property a stone's throw from beautiful, white-sand Tumblelands beach! Live in one and rent the other to help pay the mortgage. Both detached homes have newly painted exteriors and are located on one 5,000 sq. ft. lot (NOT A CPR) with separate electric meters (one water meter), separate walkways, individual water heater hookups, and separate fully-fenced yards. Front home 916 sq. ft., single wall construction with 3 bedrooms, 1 bath, newer roof (2019), kitchen, living room, driveway, storage, and mango and citrus trees. Back home: Approx. 329 sq. ft., double-wall construction with 1 bedroom, 1 bath, kitchen, living room, and huge lanai. Perfect property for investors, multi-family, and owner occupant(s) that want to live in one home and rent out the other home. One range electrical outlet and one water heater need replacing. Close to Waianae Comp hospital, restaurants, beaches. Room counts and square footage in MLS do not match tax records. Potential CAP RATE about 6% with pro-forma rents of $1,800/mo and $2,200/mo respectively and insurance and property tax expenses.
Features of 87-118 Alapaki Street
| MLS® # | 202505421 |
|---|---|
| Price | $599,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,245 |
| Acres | 0.11 |
| Year Built | 1942 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Detached, Multiplex |
| Status | Closed |
Community Information
| Address | 87-118 Alapaki Street |
|---|---|
| Area | Leeward |
| Subdivision | MAILI |
| City | Waianae |
| County | Oahu |
| State | HI |
| Zip Code | 96792 |
Amenities
| Utilities | Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Other, Sewer Available, Water Available |
|---|---|
| Features | Cleared, Dead End, Interior Lot, Level |
| Parking Spaces | 2 |
| Parking | Driveway, Two Car Garage, Two Spaces, On Street |
| # of Garages | 2 |
| Garages | Driveway, Two Car Garage, Two Spaces, On Street |
| View | Mountain(s) |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Carpet, Laminate, Vinyl |
|---|---|
| Interior Features | Bedroom on Main Level, Full Bath on Main Level |
| Fireplace | No |
| Stories | 1 |
| Has Basement | No |
Exterior
| Exterior | Double Wall, Single Wall, Wood Frame |
|---|---|
| Lot Description | Cleared, Dead End, Interior Lot, Level |
| Construction | Double Wall, Single Wall, Wood Frame |
Additional Information
| Date Listed | March 17th, 2025 |
|---|---|
| Days on Market | 469 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Locations LLC |
|---|---|
| Contact Info | (808) 690-9555 |