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Lex Ferguson

lex@lifeonoahu.com +1(808) 277-4715

Listed by Asian Pacific Investments LLC

$1,475,000

Est. payment - /mo

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Makaha

MLS Listing ID 202614924

Construction Status Average Condition

HOA Y/N No

Year Built 1938

Annual Tax Amount $4,032

Property Sub-Type Multi Family

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!

Location

State HI

County Oahu

Area Leeward

Interior

Furnishings Unfurnished

Fireplace No

Laundry In Unit

Exterior

Parking Features Assigned, Covered

Community Features None

Utilities Available Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected

Waterfront Description Other

View Y/N No

View None

Total Parking Spaces 8

Building

Lot Description Other, Level

Dwelling Type Multi Family

Entry Level One

Sewer Connected

Water Public

Level or Stories One

Construction Status Average Condition

Others

Tax ID 1-8-4-015-003-0000

Special Listing Condition None

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NEARBY SCHOOL & BUSINESS

Lex Ferguson

Real Estate Professional | License ID: RS-78101

+1(808) 277-4715 | lex@lifeonoahu.com

84-916 Hanalei ST Waianae, HI 96792

Lex Ferguson

Key Details

Location

Interior

Exterior

Building

Others

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