Eight-unit investment property with great income potential! Eight 2-bedroom, 1 bath units with rents under market value. 5 units occupied (4 units are on a month-to-month lease) with 3 ready for occupancy. NOI calculated off of 2022 Income and Expense values. Property to be conveyed in "AS IS" condition.
Courtesy: EM International Realty Cor / (808) 941-3046
MLS: 202325752
About Waipahu
Waipahu homes are built on lands that were once sugar plantations, a transformation that began in the late 1950s as the agricultural economy declined and the area evolved into the residential communities we know today.
Waipahu includes multiple neighborhoods, such as Waikele, and one of its enduring attractions is its relatively more affordable housing options, all within reasonable commuting distance to downtown Honolulu. The older, moderately priced homes are generally located south of H‑1, where the town’s first communities were developed in the 1960s and 70s.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 22, 2026.Information is deemed reliable but not guaranteed.
Sold 12/22/23 at $1,150,000 (List Price: $1,100,000)
Description
Eight-unit investment property with great income potential! Eight 2-bedroom, 1 bath units with rents under market value. 5 units occupied (4 units are on a month-to-month lease) with 3 ready for occupancy. NOI calculated off of 2022 Income and Expense values. Property to be conveyed in "AS IS" condition.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 22, 2026.Information is deemed reliable but not guaranteed.
Waipahu homes are built on lands that were once sugar plantations, a transformation that began in the late 1950s as the agricultural economy declined and the area evolved into the residential communities we know today.
Waipahu includes multiple neighborhoods, such as Waikele, and one of its enduring attractions is its relatively more affordable housing options, all within reasonable commuting distance to downtown Honolulu. The older, moderately priced homes are generally located south of H‑1, where the town’s first communities were developed in the 1960s and 70s.
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.
Property Taxes
Honolulu County Property Tax Info Real property tax rates in Honolulu are based on the property’s tax classification, as determined by the City & County.
Residential (0.35%) Applies to owner-occupied properties with an approved Home Exemption, or to properties with an assessed value under $1,000,000.
Residential A (Tiered) Applies to properties with an assessed value of $1,000,000+ where no Home Exemption is claimed (e.g., second homes, investment properties). First $1,000,000 taxed at 0.40% • Value above $1,000,000 taxed at 1.14%
Home Exemption A fixed deduction ($120,000–$160,000, depending on age) that reduces the taxable assessed value when approved.
