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Hawaii Multi-Family homes for sale

76 multi-family home for sale

Multi-Family Home
$1,170,000
Centrally located to various businesses servicing Oahu communities. This property is located near North King Street, providing easy access to H-1 East or H-1 West on-ramps and the bus line. This hollow-tile, two-story walk-up has 4 vacant two-bedroom, one-bathroom units with lanais that provide space for water heaters and washers. It was re-roofed in September 2025. There are four parking stalls in front of the building, 2 open and 2 covered. There are four electric meters, one per unit and one water line serving the building. The Income Information in the MLS is hypothetical. The units have been vacant for many years, and no financial information is available. The buyer must do their own due diligence for this component. Do not walk onto the property without a confirmed appointment. Note: One or more photos may have been enhanced.
Multi-Family Home
$2,900,000
Well-located 10-unit multifamily property in the heart of Moiliili. All units are 1BD/1BA and currently rented, providing immediate in-place income. Two units have been recently improved, with additional upside potential through renovation and repositioning of remaining units. Each unit features a private rear patio with a washing machine, and the property offers a 1:1 parking ratio. Separately metered electric and gas enhance operational efficiency. Recently painted exterior with CMU lower level and wood-frame upper-level construction. Centrally located near the University of Hawaii, Waikiki, shopping, dining, entertainment, and freeway access. Excellent opportunity in a supply-constrained rental market!
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Multi-Family Home
$1,788,000
Discover the ultimate multi-living opportunity in Kaneohe Bay! Perched above Kamehameha Hwy in serene Lulani Ocean, this rare multi-home gem delivers ultimate flexibility: ideal for multi-generational living, guest accommodations, or strong rental income potential! Main Home: Spacious 2-story 2,314 sqft of living with 4 bedrooms, 3 baths, and a massive ~ 600 sqft lanai deck – perfect for BBQs, outdoor gatherings, and soaking in lush mountain + turquoise Kaneohe Bay vistas. Separate ADU: Single-level 797 sqft 1-bed/1-bath with bonus 109 sqft storage rm – perfect for family, guests, or tenants. Energy-Smart! Enjoy substantial savings on your electric bill with 50 OWNED Solar PV panels paired with Tesla battery storage, a solar water heater, and an electric car charging station. Additional upgrades include premium dual-pane windows, two sliding doors, a complete rewiring of the house, and efficient split AC units for year-round comfort. Ample parking for 5 vehicles. Nestled on Kaneohe Bay’s coastline, Lulani Ocean blends peaceful rural charm, stunning natural beauty, and privacy with easy access to boating, water sports, hiking, and the vibrant boating lifestyle of the Windward side.
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Multi-Family Home
$1,250,000
Situated in the heart of Honolulu, this A-2 zoned property offers great opportunity for redevelopment or income potential. Having easy access to park across, school, hospital, shopping, freeway, buses, and with its solid rental capabilities, the property is ideal for someone with a vision to maximize its value through remodeling, expansion, or redevelopment. It features hollow tile structure downstairs of 2-bed 1-bath units and 3-bedroom 2-bath dwelling upstairs. Copper water supply, tankless electric and gas meters, 3 electric meters, sufficient parking space, and more. Please do not disturb tenants without scheduled showing appointments. To be conveyed AS IS.
Multi-Family Home
$2,368,000
Location, location, location …… situated between Pensacola St. and Piikoi St. therefore within close proximity to Ala Moana Center, Downtown and the University of Hawai’i. Huge redevelopment potential for this BMX-3 zoned parcel of land. Present improvements consist of four (4) distinct dwellings - a 3 bdrm, a 2-bdrm, and two 1-bdrm; fully occupied and responsibly maintained by owner. Make the most of existing structures and income while carefully and thoughtfully assessing development options
Multi-Family Home
$895,000
Great location in the heart of Honolulu with low A-1 medium-density apartment zoning, making this an excellent cash-flow investment opportunity. The property features four units: one 5-bedroom, 1-bathroom unit, one 2-bedroom, 1-bathroom unit, and two 1-bedroom units. Each unit has separate electric meters, and there is no maintenance fee for the building. The current owner has completed numerous upgrades, including plumbing and pipes, kitchen improvements, flooring, electrical work, and fresh painting, and the roof was replaced in 2017. Please do not disturb the tenants. Submit offers subject to inspection. Property to be sold AS IS.
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$1.7m
Alewa Heights
1156 Alewa Dr, Honolulu
Multi-Family Home
$1,695,000
An extremely attractive residential offering to acquire 3 detached dwellings, all located on a single parcel in Honolulu. The property offers stable cash flow combined with low maintenance costs and strong appreciation potential. 2025 renovations make this offering ideal for 1031 exchange or investors seeking stable NOI and low operating costs. 2 rental units provide immediate income of $5,750/mo. incl. GET plus potential income of $3,400/mo. incl. GET from the 3rd home for a total of $9,150/mo. in income. A rare multi-family investment with high rental demand and reduced management intensity compared to larger multi-family properties. Each house offers 2 bedrooms and 1 bathroom, separate electric meter, small private yard, remodeled kitchen with new appliances and flooring. Gently sloped parcel in a desirable neighborhood, located close to schools and restaurants, with views of the ocean, downtown Honolulu, and Diamond Head. The roofs are in good condition, with newer exterior storage and a covered carport. Please contact Listor for showing and do not disturb tenants or park in driveway. A few photos have been virtually staged(enhanced).
Multi-Family Home
$1,675,000
Rarely available tri-plex opportunity in the highly desirable Aiea Heights neighborhood with sweeping views of the surrounding hills and Pearl Harbor. The main residence features a 3-bedroom, 2-bath layout with a spacious attached 1-bedroom apartment below, offering flexible living or rental potential. In addition, a separate 2-bedroom, 1-bath ADU completed in 2020 adds even more versatility for extended family or investment use. Situated on a fully landscaped lot, the property includes a thriving collection of fruit trees such as mango, papaya, several avocado varieties, and more than a dozen banana plants, all known to produce fruit. The two existing units have been remodeled in recent years, providing updated interiors while maintaining the property’s charm. Energy efficiency is enhanced with 21 owned solar panels, helping to reduce electricity costs. A rare chance to own a multi-unit property in Aiea Heights with strong rental potential, beautiful views, and mature tropical landscaping. All photos where taken when the units were vacant.
Multi-Family Home
$1,359,000
A rare investment opportunity awaits in Kapalama with this well-maintained four-unit apartment building. The property features four units, each offering two bedrooms, one bathroom, and one assigned parking stall. All units are equipped with washer connections and are individually metered for electricity allowing tenants to cover this utility cost and helping reduce owner expenses. Located in a strong rental market, the property is 100% occupied and produces strong income with an estimated net cap rate of approximately 5%!! Whether you are entering the investment market for the first time or expanding an existing portfolio, this property offers solid long-term potential. Conveniently situated near everyday essentials including shopping, dining, gas stations, convenience stores, and major bus routes, the location provides excellent accessibility for tenants. Please respect privacy and do not disturb tenants or enter the property without a confirmed appointment.
$3.8m
Kalihi Area
946 Winant St, Honolulu
Multi-Family Home
$3,800,000
Cash Cow!  Seven (7) two-story four-plex buildings! Total (26) two-bedroom units, 1 storage/office and separate laundry room! 26 electric meters and 25 gas meters! Great location just off North King St. across Farrington HS! All units rented! DO NOT disturb tenants! Offer subject to inspection! Average rents are WELL BELOW COMPS at an average of $1200/unit. Section 8 City/County Housing Choice Voucher Program Standards are $2,157/mo. for 2-bedroom units! Appraisal Available FOR REVIEW.
Multi-Family Home
$4,900,000
Well-maintained multi-unit property ideally located in the core of Waikiki, offering strong income potential and long-term value. The solid hollow-tile structure features a classic tiled exterior and includes covered parking. Each unit is individually metered for electricity with a shared water meter, and all residences offer generous interior space with private lanais or patios. The property consists of one expansive 3-bedroom, 2-bath penthouse and fourteen 1-bedroom units. Interior upgrades have been completed throughout, including durable high-quality tile flooring, updated kitchens, and modernized bathrooms, along with newly refurbished railings. Additional monthly revenue is generated from leased coin-operated laundry machines and parking income.
$2.05m
Punchbowl-lower
1517 Miller St, HONOLULU
Multi-Family Home
$2,050,000
Excellent opportunity to develop Bill 7 project for less than $200/sf. Nice, big lot 2 blocks to Queens Hospital in a low risk flood zone (x) and no additional setbacks from the street. City views possible from upper floors. Existing soils study and TOPO survey to be made available upon accepted offer. Buyer to accept existing survey, and Buyer shall pay for any additional update required by itself or its lender. Current setup is 6 legal 2-bedroom, 1 bath units located in 3 structures: front building is 4 units (1517, C, D, & E) with 2 stand-alone cottages in the back (A & B). 2 units renovated in the past 5 years. Coin laundry is owned. All units separately metered for electric and gas (heaters and stoves), 1 water meter. See agent showing notes for instructions on requesting a marketing package with rent roll, inc/exp, and sales comps.
Virtual Tour
Multi-Family Home
$1,990,000
Don’t miss this fantastic opportunity to own in A-2 zoning with four 2 bdrm/1 bath units in a 2-story fourplex and two 1 bdrm/1 bath units in a 1-story duplex in the Kapahulu neighborhood. Situated on an almost 7,400 sq. ft. lot, the freshly painted structures have one-for-one parking and separate electric metered units that present an amazing investment opportunity! Conveniently located near parks, beaches and Waikiki with an abundance of restaurants, shopping and entertainment. Hurry this one won’t last!
Multi-Family Home
$18,500,000
This rare offering presents a stabilized, fee-simple investment opportunity featuring a total of 36 renovated units situated in the absolute heart of Waikiki. This building is high-density asset perfectly positioned to capture the district’s premium rental rates and offers a superior unit mix designed for maximum occupancy, including TWELVE 2-bedroom/2-bathroom units, EIGHTEEN 2-bedroom/1-bathroom units, and SIX 1-bedroom/1-bathroom units. Each residence has been updated to meet modern standards, providing a turnkey experience for the next owner with significantly reduced capital expenditure requirements compared to the area’s aging inventory. In addition to the robust residential rent roll, the property features an on-site laundromat with four coin-operated washers and dryers, generating consistent ancillary income. Property may differ from tax records; buyer to do their own due diligence.
$2.2m  $249,000
Kuakini
1641 Stillman Lane, Honolulu
Multi-Family Home
$2,200,000  $249,000
Welcome to 1641 Stillman Lane, a well maintained two-builfiding property in a convenient location! This seven-unit apartment buildings is full of potential. Recent upgrades include new flooring, and appliances throughout. Front building: Two 3bed/1bath and One 2bed/1bath unit with one electric meter and one gas meter. Rear Building: Three 2bed/1bath, and One 1 bed/bath units with four separate electric meters and one gas meter.
Multi-Family Home
$1,495,000
NEW LISTING!! Excellent opportunity to own a well-maintained 7-unit multi-family property in the heart of McCully zoned BMX-3! This income-producing asset features two separate structures comprised of three one-bedroom units and four studio units. The property has been recently renovated, showcasing vinyl plank flooring, fresh exterior paint, and updated finishes that appeal to today’s tenants. All units are occupied, providing immediate and consistent rental income. Conveniently located near shopping, dining and easy access to public transportation, this McCully property offers both revenue and long-term investment potential!
Oceanfront
$695k  $30,000
Makaha
84-960 Lahaina Street, Waianae
Multi-Family Home
$695,000  $30,000
Great opportunity for investor/home buyer. This listing offers two homes on approx 10,000 sq ft of land, one two bedroom one bath unit and one three bedroom 1 bath unit. You can live in one and rent out the other! Separate electrical meters, shared water/sewer meter. Addresses are 84-960 & 84-960C Lahaina Street. Listing to be sold "As-Is, Where-Is". Buyer to verify all and do own due diligence. Tax records do not reflect actual number of bedrooms.
Virtual Tour
Multi-Family Home
$3,480,000
RARE OPPORTUNITY! Discover the endless possibilities with this over 12-acre level agricultural-zoned property featuring two well-built single-family homes, perfect for multi-generational living, rental income, farming, or creating your own private estate. The first residence offers 4 bdrms/2 baths with 1,875 sq. ft. of interior living space and a spacious open-concept kitchen—ready for your personal touches. The second home features 3 bdrms/3 baths with 2,164 sq. ft. of tastefully renovated int. living space. Enjoy its bright open floor plan, luxury vinyl plank flooring, and high vaulted ceilings that create an inviting and modern living experience. With AG zoning, you gain added flexibility—grow crops, raise livestock, expand agricultural operations, or explore other permitted uses that offer potential income generation. The expansive acreage provides privacy, open space, and the opportunity to design the lifestyle you’ve always dreamed of. Don’t miss this unique chance to own a truly exceptional property with room to live, grow, and thrive!
$1.65m
Makiki Area
1329 Matlock Ave, Honolulu
Multi-Family Home
$1,650,000
Welcome to 1329 Matlock, a well maintained apartment building with a convenient location. This seven unit apartment building is full of potential. All seven of the units have one bedroom, one bathroom. Please see the separate listing of adjacent property at 1323 Matlock Ave as the sale of both properties together are preferred.
Multi-Family Home
$5,000,000
Located in the heart of Wailua on the North Shore, this expansive 8.412-acre Country-zoned property presents a rare development opportunity. Located near the infamous Paalakai Bakery. The property includes two existing homes—a 2-bedroom, 1-bath residence and a 3-bedroom, 1-bath residence—and offers generous acreage with flexibility for future plans. Convenient access from Wailua Beach Road enhances the usability of the property while allowing owners or investors to enjoy the natural beauty and lifestyle of the North Shore.
$1.25m
Waipahu-lower
94-769 Haakoa Place, Waipahu
Multi-Family Home
$1,250,000
Solid CMU base multi-family fully-rented ($5900 gross/mo) investment property consisting of (4)-2Bdrm Units and (6)Parking spaces. Individual electric meters and each unit has own laundry area. Located behind Servco Toyota Waipahu, minutes to the rail station, Tanioka's, restaurants, and various other shops.
Multi-Family Home
$1,495,000
Well-located two-story, 4-unit apartment building in the heart of Kalihi, offering stable income today with multiple layers of future upside. The apartments have been recently lightly renovated. Although currently operated as a 4-unit residential apartment building generating immediate rental income, the property is zoned for I-2 Intensive Industrial District, allowing for potential conversion, redevelopment, or alternative use, subject to buyer’s due diligence and approvals. The property is located just a few blocks from Amazon’s Honolulu distribution center, a major employment hub that supports long-term rental demand and neighborhood appreciation. Conveniently located with easy access to major streets and highways, and close to bus lines, schools, shopping, and dining, making it attractive to both tenants and future redevelopment-minded buyers.
Multi-Family Home
$2,200,000
Located between Kaimuki and Kahala, this property features 3 buildings on 10,000 sq. ft. of land. Includes 10 bathrooms and 4 kitchens. Public records do not match, buyer to do their own due diligence. This property is being sold as is.
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