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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!
| DAYS ON MARKET | 2 | LAST UPDATED | 8/4/2026 |
|---|---|---|---|
| TRACT | MAKAHA | YEAR BUILT | 1938 |
| COMMUNITY | Leeward | COUNTY | Oahu |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Makaha |
|---|---|
| Jr. High School | Waianae |
| High School | Waianae |
| ADDITIONAL DETAILS | |
| AREA | Leeward |
|---|---|
| LOT | 22000 acre(s) |
| LOT DESCRIPTION | Level, Other |
| LOT DIMENSIONS | 22000 |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| STYLE | Detached, Multiplex |
| SUBDIVISION | MAKAHA |
| TAXES | 4032 |
| UTILITIES | Natural Gas Available, Phone Available, Sewer Available, Water Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
| WATERFRONT DESCRIPTION | Other |
| ZONING | 05 - R-5 Residential District |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Asian Pacific Investments LLC
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 8/5/26 7:55 PM 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 8/5/26 7:55 PM 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.