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Hawaii Multi-Family homes for sale

73 multi-family home for sale

$1.36m
Kapalama
910 Kopke St, Honolulu
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.
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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!
Virtual Tour
Multi-Family Home
$1,990,000
A rare opportunity for multi-generational living in the heart of Waimanalo! This 1.1-acre property sits beneath the majestic Mount Olomana and features five single-family homes, each with its own cesspool, in varying conditions. With plenty of space and privacy, it’s perfect for extended families looking to create a shared retreat or for those wanting to renovate and make it their own. Enjoy the peaceful surroundings and the potential to build lasting memories in a truly special place. Just minutes from world-famous Waimanalo Beach and a short drive to Kailua Town, you’ll find the ideal mix of island seclusion and everyday convenience. Don’t miss this rare chance to own a legacy property in one of Oahu’s most scenic communities.
$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.
$2.7m
Punchbowl Area
962 Spencer St, HONOLULU
Multi-Family Home
$2,700,000
Located in Makiki this property features 2 building with 3 total units. Unique income earning potential on a spacious lot. Bill 7 opportunity? Buyer to do their own due diligence. This property is being sold as is.
Multi-Family Home
$3,950,000
Located across from the former Willows Restaurant in the McCully–Moiliili area, this A-2 zoned multifamily property offers immediate upside through renovation and lease-up. Situated on an 11,040 sqft lot, the property consists of three separate buildings with a total of eight units, including seven two-bedroom units and one three-bedroom unit, all separately metered for electricity. Current rents are below market and two units currently vacant, requiring renovation and presently used as storage. All tenants are month-to-month, providing flexibility for repositioning. The buildings were constructed in different periods: the front-left structure is a one-story duplex built in 1941; the rear-right building is a two-story structure built in 1954, containing four units (two per floor); and the front-right building is a three-story structure built in 1976, featuring a two-bedroom unit on the first floor and a three-bedroom unit spanning the second and third floors. Parking includes a two-car carport, a four-car carport, and several additional open parking spaces. Buyer to conduct their own due diligence. Do not disturb tenants.
$1.95m
Kamehameha Heights
1313 Ahiahi St, HONOLULU
Multi-Family Home
$1,950,000
Solid return, central location, hollow tile construction. What more could you ask for! Great return on a perfect starter building-- All units have been renovated. Two story walk up with new floors, kitchens, countertops, appliances, bathroom fixtures, and showers. Newly spall repair and paint in super desirable location between Kuakini Hospital and Kamehameha Shopping Center. Opportunity to add coin laundry for more income and raise rents to market rates. All tenants separately metered for electric, one water meter. Don’t miss out on this investment gem! Buyer to accept existing survey. Please see agent instructions for more information.
Multi-Family Home
$10,235,000
1818 Anapuni Apartments, a 23-unit, one and two bedroom, apartment complex located in the highly desirable Makiki neighborhood of Honolulu, Hawaii. The property consists of a total building area of 15,480 square feet situated on a land parcel of approximately 16,207 square feet. The property is a solid concrete, four-story mid-rise built in 1969, offering 23 residential units and 24 parking stalls. Recent upgrades include a 30-panel solar PV system on the roof and coin-operated laundry facilities. The site is classified as a Class C apartment asset and is zoned A-2 for apartment use. The building’s durable construction, practical amenities, and well-maintained condition ensure stability for investors. The lot is clear, and the property is well positioned within a stable and established upscale market. Renovated in 2023, 1818 Anapuni Apartments benefits from a central Honolulu location, providing residents with convenient access to Downtown Honolulu, prominent schools like Punahou and Maryknoll, and attractions such as Ala Moana and Waikiki. The Makiki area is recognized for its strong sense of community and supports a strong demand from both local and incoming residents.
$1.45m
Makiki Area
1446 Liholiho St, Honolulu
Multi-Family Home
$1,450,000
Great for multi-generational living or live-in landlord: occupy one floor, and rent the other! Separate entrances for two units in a single family home located in A-2 apartment zoning. Upstairs is a 3-bedroom/2-bath unit paying $3750/mo, and downstairs 2-bedroom/1-bath has $2650 rental income. Tenants pay electricity. Ceramic tile flooring on ground level for easy care, and vinyl plank flooring for upstairs. Each unit features generous-sized bedrooms, and over 400 sq ft living / dining rooms. Full-size 2 car garage, plus pad & driveway parking. This central location is in proximity to many urban conveniences, with nearby freeway access and strong rental demand. It's ideal for owner-occupants or investors seeking both versatility and value.
$4.15m  $100,000
Moiliili
2711 Waiaka Road, Honolulu
Multi-Family Home
$4,150,000  $100,000
This recently rehabbed 8-unit multifamily property in the heart of Moiliili offers investors strong cash flow and appreciation potential. Each 2-bedroom, 1-bath unit has been upgraded with new kitchens, baths, upgraded finishes, air conditioning, plus a new roof, plumbing, and electrical systems. With 8 marked parking stalls, tenant-paid laundry, parking, and pet fees, the property generates multiple revenue streams. Property is ready to be leased with projected monthly rents of $20,000 provides immediate returns with minimal near-term capital expenditures. *Seller is also selling adjacent 8-unit apartment building and both properties can be sold together, 829 Waiaka Place, MLS#202600664, TMK 1-2-7-27-51
$3.2m  $278,000
Moiliili
829 Waiaka Place, Honolulu
Multi-Family Home
$3,200,000  $278,000
This recently rehabbed 6-unit multifamily property in the heart of Moiliili, offers investors strong cash flow and appreciation potential. Each 2-bedroom, 1-bath unit has been upgraded with new kitchens, baths, upgraded finishes, air conditioning, plus a new roof, plumbing, and electrical systems. With 10 marked parking stalls, tenant-paid laundry, parking, and pet fees, the property generates multiple revenue streams. Property is fully leased with monthly in-place rents of $14,850 provides immediate returns with minimal near-term capital expenditures. *Seller is also selling adjacent 8-unit apartment building and both properties can be sold together. 2711 Waiaka Road, MLS# 202600662, TMK 1-2-7-27-21.
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