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Located in highly desirable Waialae Iki neighborhood on Oahu, this exceptional property offers immediate rental income and strong future upside. The existing 4bedroom/3.1bath home has been thoughtfully remodeled with tasteful updates. Currently occupied by reliable tenants, the home generates steady rental income that can continue seamlessly for the new owner while they plan and develop an Accessory Dwelling Unit (ADU) on the spacious 8,161 sq ft R-7.5 zoned lot, creating excellent opportunities for multi-generational living, guest accommodations, or increased rental revenue in one of East Honolulu's most prestigious communities. Adding to its unique appeal is the expansive downstairs workshop / artist studio"”a bright, versatile space perfect for creative pursuits, hobbies, or professional projects. The lower section of the property is accessed via a solidly engineered bridge providing vehicular access. This rare offering combines turnkey cash flow with significant upside for the discerning buyer seeking both immediate returns and long-term value. Pls click video for additional photos.
| DAYS ON MARKET | 5 | LAST UPDATED | 4/23/2026 |
|---|---|---|---|
| TRACT | WAIALAE IKI | YEAR BUILT | 1994 |
| COMMUNITY | DiamondHd | GARAGE SPACES | 2.0 |
| COUNTY | Oahu | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Aina Haina |
|---|---|
| Jr. High School | Niu Valley |
| High School | Kalani |
| ADDITIONAL DETAILS | |
| AREA | DiamondHd |
|---|---|
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| LOT | 8161 acre(s) |
| LOT DESCRIPTION | Other, Sloped, Steep Slope |
| LOT DIMENSIONS | 8161 |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| STYLE | Detached |
| SUBDIVISION | WAIALAE IKI |
| TAXES | 14232 |
| UTILITIES | Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s), Ocean |
| WATER | Public |
| WATERFRONT DESCRIPTION | Other |
| ZONING | 04 - R-7.5 Residential District |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with KBay Properties, LLC
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 4/24/26 1:51 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
active listings last updated on 4/24/26 1:51 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
This IDX solution is (c) Diverse Solutions 2026.