About 84-916 Hanalei Street
Rare investment opportunity featuring four detached single-family homes on an R-5 zoned lot. Ideal for investors, 1031 exchange buyers, or multi-generational living, this versatile property combines steady cash flow, privacy, and long-term value creation. The property includes two 3-bedroom and two 2-bedroom residences. Each home boasts its own private fenced yard and dedicated parking, providing tenants with single-family independence. Operating expenses remain exceptionally low as tenants pay all utilities—including water, sewer, gas, and electricity. Turnkey performance meets huge upside. Units A (3-bed) and B (2-bed) were renovated in 2025, commanding top-of-market rents. Currently operating at a 5.06% cap rate on $74,640 in annual income, bringing below-market units to prevailing rates unlocks an extra $15,600 annually, pushing the potential cap rate to 6.12%. Don't miss this well-maintained, high-yield asset!
Features of 84-916 Hanalei Street
| MLS® # | 202614927 |
|---|---|
| Price | $1,400,000 |
| Land Tenure | FeeSimple |
| Bedrooms | 10 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,662 |
| Acres | 0.51 |
| Year Built | 1938 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Detached, Multiplex |
| Status | Active |
Community Information
| Address | 84-916 Hanalei Street |
|---|---|
| Area | Leeward |
| Subdivision | MAKAHA |
| City | Waianae |
| County | Oahu |
| State | HI |
| Zip Code | 96792 |
Amenities
| Utilities | Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available |
|---|---|
| Parking Spaces | 8 |
| Parking | Carport, Three or more Spaces, On Street |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Fireplace | No |
|---|---|
| Stories | One |
Exterior
| Exterior | Single Wall, Wood Frame |
|---|
School Information
| Elementary | Makaha |
|---|---|
| Middle | Waianae |
| High | Waianae |
Additional Information
| Monthly Maintenance Fee | $0 |
|---|
Listing Details
| Office | Asian Pacific Investments LLC |
|---|---|
| Contact Info | (808) 200-4001 |