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84-916 Hanalei St (Makaha)

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84-916 Hanalei St, Waianae
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Description
Rare Investment Opportunity – 4 Homes on R-5 Zoned Lot! Don't miss your chance to own this exceptional multi-family property featuring four detached single-family homes on one lot. Ideal for investors or multi-generational living! This property consists of 2 - 3 bedroom homes and 2 - 2 bedroom homes each with their own private fenced yards and dedicated parking. Tenants pay all utilities (water, sewer, gas and electric). This well-maintained property offers both stability and upside. Unit #A which is a 3 - bedroom home has been recently renovated, offering immediate rental potential. This home is currently listed at $3,000/month. Once this unit is rented, the annual gross income would increase from $31,200 to $94,800. And there's still room for additional rental income on the occupied units, offering even greater return potential. Perfect for savvy investors seeking strong cash flow, multi-family compound buyers who want privacy and flexibility or 1031 exchange buyers looking for stable, appreciating assets. MLS listing does not match tax records.
Recent Activity
  • Oct 24, 2025 Under Contract
  • Oct 19, 2025 Listed at $850,000
  • Oct 13, 2025 Listed at $1,600,000
  • Sep 24, 2025 Price $1,550,000
  • Apr 12, 2018 Sold for $875,000
  • Feb 26, 2018 Under Contract
Recent Sales
(Makaha)
More Details
  • Owner, Tax & Resale History
  • Year Remodeled: 1971
  • Zoning: 05 - R-5 Residential District
  • Flood Zone: Zone X
  • Furnished: None
  • Property Condition: Average
  • Management Company: Asian Pacific Investments, LLC
  • TMK: 1-8-4-15-3-0
  • Tax Assessed Land: $1,025,300
  • Tax Assessed Improvements: $129,400
  • Tax Assessed Total: $1,154,700
  • Courtesy: Asian Pacific Investments LLC / (808) 200-4001
  • MLS: 202512790
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About Makaha
Drive up the Leeward Coast of Oahu, on past Waianae, and eventually you'll come to the last neighborhood on this side of the Island. In fact, go past it just a little further and you'll come to a dead stop where the road ends its climb up the Western shores. Makaha is that last stop before you reach the end. It's a frontier community, left alone by most outsiders except for surfers who come to take on the waves that put up a challenge for even the most experienced riders.

Though there is the popular Makaha Beach Park and one or two hotels, you might as well be on a different Island than pla

  ... Read more
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 08, 2026.Information is deemed reliable but not guaranteed.
Other Makaha Homes
$1,550,000
84-1036 Noholio Rd
8 Bds | 4 Ba
3,488 ft²
$1,599,000
84-816 Maiola St#40
3 Bds | 2 Ba
1,306 ft²
$1,624,777
84-873 Maiola St#113
3 Bds | 2 Ba
1,582 ft²
$1,649,000
84-425 Makaha Valley Rd
5 Bds | 3 Ba
1,500 ft²
Other Oahu Homes
Mariners Valley
$1,550,000
7203 Opaekaa St
3 Bds | 2 Ba
1,128 ft²
Wahiawa
$1,550,000
174 Wilikina Dr#B
11 Bds | 7 Ba
3,424 ft²
Laie
$1,550,000
55-439 Naniloa Lp
3 Bds | 3 Ba
1,974 ft²
Kaneohe Town
$1,550,000
45-1050 Anoi Rd#2
4 Bds | 3.5 Ba
2,632 ft²
Koko Head Terrace
$1,550,000
436 Kekauluohi St
4 Bds | 2 Ba
1,982 ft²
Manoa
$1,549,500
3602 Alani Dr
4 Bds | 2 Ba
1,534 ft²
  • Asking Price: $1,550,000
Description
Rare Investment Opportunity – 4 Homes on R-5 Zoned Lot! Don't miss your chance to own this exceptional multi-family property featuring four detached single-family homes on one lot. Ideal for investors or multi-generational living! This property consists of 2 - 3 bedroom homes and 2 - 2 bedroom homes each with their own private fenced yards and dedicated parking. Tenants pay all utilities (water, sewer, gas and electric). This well-maintained property offers both stability and upside. Unit #A which is a 3 - bedroom home has been recently renovated, offering immediate rental potential. This home is currently listed at $3,000/month. Once this unit is rented, the annual gross income would increase from $31,200 to $94,800. And there's still room for additional rental income on the occupied units, offering even greater return potential. Perfect for savvy investors seeking strong cash flow, multi-family compound buyers who want privacy and flexibility or 1031 exchange buyers looking for stable, appreciating assets. MLS listing does not match tax records.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 08, 2026.Information is deemed reliable but not guaranteed.
    • Oct 24, 2025 Under Contract
    • Oct 19, 2025 Listed at $850,000
    • Oct 13, 2025 Listed at $1,600,000
    • Sep 24, 2025 Price $1,550,000
    • Apr 12, 2018 Sold for $875,000
    • Feb 26, 2018 Under Contract
    Drive up the Leeward Coast of Oahu, on past Waianae, and eventually you'll come to the last neighborhood on this side of the Island. In fact, go past it just a little further and you'll come to a dead stop where the road ends its climb up the Western shores. Makaha is that last stop before you reach the end. It's a frontier community, left alone by most outsiders except for surfers who come to take on the waves that put up a challenge for even the most experienced riders.

    Though there is the popular Makaha Beach Park and one or two hotels, you might as well be on a different Island than pla

      ... Read more
    Other Makaha Homes
    $1,550,000
    84-1036 Noholio Rd
    8 Bds | 4 Ba
    3,488 ft²
    $1,599,000
    84-816 Maiola St#40
    3 Bds | 2 Ba
    1,306 ft²
    $1,624,777
    84-873 Maiola St#113
    3 Bds | 2 Ba
    1,582 ft²
    $1,649,000
    84-425 Makaha Valley Rd
    5 Bds | 3 Ba
    1,500 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.