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!
116 days
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46
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Zillow last checked:
Listing updated:
Listed by:
Timothy J Murray808-489-0054,
NextHome All Islands
Source: HiCentral MLS,MLS#: 202606722
Facts & features
Interior
Bedrooms & bathrooms
Bathrooms: 0
Appliances
Laundry: In Unit
Property
Parking
Total spaces: 8
Parking features: Assigned, Covered, Open
Has uncovered spaces: Yes
Features
Levels: One
Stories: 1
Has view: Yes
View description: Mountain(s)
Lot
Features: Other, Level
Topography: Level
Details
Parcel number: 1840120160000
Zoning description: 05 - R-5 Residential District
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Single Wall, Wood Frame
Condition
Average Condition
Year built: 1936
Major remodel year: 1946
Utilities & green energy
Sewer: Connected
Water: Public
Utilities for property: Above Ground Utilities, Electricity Available, Sewer Available, Water Available, Sewer Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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