84-956 Hanalei Street, Waianae, HI 96792

Property Description

ATTENTION INVESTORS – STRONG CASH FLOW OPPORTUNITY! Multi-unit income-producing property in Waianae generating $11,271/month in rental income with a current 6.9% CAP rate and potential to increase to 8%. The 4-bedroom unit is currently rented at $2,500/month, while 2026 City & County Section 8 guidelines show potential rents up to $3,997/month. Monthly expenses remain low with property taxes at approximately $304/month and combined water/electric averaging about $1,100/month. Property features multiple units with new roofs on the front two structures and is currently in the process of obtaining permits for separate water and electrical meters, adding future flexibility and value. Property is also CPR-able, creating additional upside and multiple exit strategies. Conveniently located near beaches, shopping, schools, parks, and dining, including Pokai Bay and Tamura’s Market, making it attractive for long-term tenants and owner-occupants alike. VA financing may be possible. Strong income. Value-add potential. Multiple exit strategies. Don’t miss this opportunity!

Listing Status:

Active

Date Added:

April 1, 2026

Data Last Updated:

May 20, 2026 at 7:19AM

Listing Office:

NextHome All Islands : (808) 489-0054

MLS ID:

202606722

Interior

• Laundry: In Unit

Exterior

• Parking: AssignedCoveredOpenParking spaces: 8

Construction

• General: Single WallWood Frame1

Location

• Originating MLS: HICMLS
• County: Oahu

Lot

• Topography: Level
• Zoning: 1-8-4-012-016-0000
• View: Mountain(s)View

Utilities

• Utilities: Above Ground UtilitiesElectricity AvailableSewer AvailableWater AvailableSewer Connected
• Water: Public
• Sewer: Connected

Financial

• Source: HICMLS