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$1,400,000
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Property Description
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!
Full Property Details
Full Property Details for 84-916 Hanalei St
General
- Price: $1,400,000
- Taxes: $4,032
- Status: Active
- Type: Single Family
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202614927
- Updated: 8/25/2026
- Added to Site: 48 day(s) ago
Rental Information
- Complex Features: None
Interior
- Furnishings: Unfurnished
- Flooring: Other, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 10
Parking
- Carports: Yes
- Total Spaces: 8
- Parking Features: Carport, Three or more Spaces, On Street
Location
- Area: Leeward
- County: Oahu
- Subdivision: MAKAHA
School Information
- Elementary School: Makaha
- Middle School: Waianae
- High School: Waianae
Community
- Assoc. Fees Include: Common Areas
Utilities
- Water: Public
- Utility Description: Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available
Structural Information
- Architectural Style: Detached, Multiplex
- Detached/Attached: Detached
- Construction: Single Wall, Wood Frame
- Stories/Levels: 1
- Square Feet: 2,662
- Living Area: 2,662 Sq. Ft.
- Year Built: 1938
- Property Condition: Average Condition, Updated/Remodeled
Lot Features
- Lot Size: 22000
- Topography: Level
- Lot Features: Other, Level
- Zoning: 05 - R-5 Residential District
Financial Considerations
- Assessment Amount: $1,227,000
- Tax Amount: $4,032
Disclosures and Reports
- Special Conditions: None
- Land Tenure: Fee Simple
- Inclusions: Ceiling Fan, Water Heater
- Disclosures/Reports: 1031 Exchange, Call Agent, Principal is Real Estate Licensed, Pet on Property, Seller Disclosure
- Disclosures/Rstr.: 1031 Exchange, Call Agent, Principal is Real Estate Licensed, Pet on Property, Seller Disclosure
- Property ID: 1-8-4-015-003-0000
Listed by Asian Pacific Investments LLC
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Schools
Schools serving 84-916 Hanalei St
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
Kamaile Academy 85-180 Ala Akau St, Waianae, HI 96792 | PK-12 | 1.1 mi |
Waianae Intermediate School 85-626 Farrington Hwy, Waianae, HI 96792 | 7-8 | 1.4 mi |
Waianae High School 85-251 Farrington Hwy, Waianae, HI 96792 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 84-916 Hanalei St
Date
Details
Price
Change
Source
8/25/2026
Price Reduced
$1,400,000
-5.08%
MLS
8/04/2026
Listed
$1,475,000
68.57%
MLS
4/06/2018
Sold
$875,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 84-916 Hanalei St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,041
—
$1,227,000
6%
2025
$4,041
8%
$1,154,700
-1%
2023
$3,736
11%
$1,165,400
9%
2022
$3,374
—
$1,067,500
11%
2022
$3,374
15%
$963,900
15%
2021
$2,942
—
$840,500
5%
2021
$2,942
18%
$801,900
13%
2019
$2,487
-2%
$710,500
-2%
2018
$2,539
-3%
$725,500
-3%
2017
$2,625
15%
$749,900
15%
2016
$2,273
3%
$649,300
3%
2015
$2,200
17%
$628,600
7%
2013
$1,877
—
$586,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 84-916 Hanalei St
84-916 Hanalei Street, Waianae, HI 96792 (MLS# 202614927) is a Single Family property with 10 bedrooms and 4 full bathrooms. 84-916 Hanalei Street is currently listed for $1,400,000 and was received on August 04, 2026. Want to learn more about 84-916 Hanalei Street? Do you have questions about finding other Single Family real estate for sale in Waianae? You can browse all Waianae real estate or contact a Coldwell Banker agent to request more information.

