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Hawaii Multi-Family homes for sale

76 multi-family home for sale

Multi-Family Home
$2,688,000
An incredible opportunity to acquire a fee-simple, I-2 Zoned property with an existing 6 unit apartment building and excess parking lot leased to a commercial transportation company. Collect the cash-flow while you plan your redevelopment of the property for your business. Utilities are separately metered, owner pays for water. Washer and dryer hook ups are available. The corner lot property is well positioned in Kalihi Kai, within proximity to Amazon's new distribution center, Honolulu Harbor, Daniel K. Inouye International Airport, future Skyline stations, Downtown Honolulu, and major thoroughfares.
Multi-Family Home
$2,499,000
Impressive 8% CAP rate! Opportunity to own a multi-family property in an unbeatable location across from Iolani School. This property includes three single-story duplex buildings (6 units total), currently configured as three spacious 4-bedroom, 2-bath units- originally six (2-bed, 1-bath) units and easily convertible back for greater rental flexibility. Long-term tenants in place, and generating strong cash flow. Conveniently located near Waikiki Beach, Ala Moana, bus lines, and restaurants. *Some photos have been virtually decluttered
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Multi-Family Home
$2,799,000
Discover a rare investment gem at 448 Kuamoo Street, Waikiki—where undeniable location meets dependable income. This well-maintained, 4-studio, two one-bedroom building with 6 total bathrooms on a quiet one-way street offers a flexible floor plan and powerful passive income potential, with upgrades already in place and convenient amenities like washers, dryers, and 3 covered parking slots and one open parking.Nestled just a quick stroll from legendary Waikiki Beach, Kalakaua Avenue’s upscale boutiques, and diverse dining options. For those seeking rental leases too you’ll tap into a broad tenant base drawn by walkability, schools, and the unmistakable Waikiki lifestyle. If you're aiming to own a piece of paradise that pays, 448 Kuamoo St is your next standout asset. Information provided may not match tax records.
Multi-Family Home
$4,350,000
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# 202519716, TMK 1-2-7-27-51
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Multi-Family Home
$1,995,000
Looking for a family compound or an investment opportunity? Lots of potential on the 6 plus acre lot zoned Country and Preservation with 3 non-conforming detached single family homes. Located close to Kaneohe town with schools, restaurants and shopping centers. Number of homes, square footage and bedrooms do not match the tax records. Property to be sold in As Is condition. No Open House. Showings are by appointment only. DO NOT WALK ON THE PROPERTY WITHOUT AN APPOINTMENT.
Multi-Family Home
$1,980,000
Discover a rare opportunity to own an 11-unit apartment building in the highly desirable Wilikina area. Perfectly designed for income generation, this property features eleven 1-bedroom units, each with a dedicated parking stall, offering convenience and appeal to tenants. Recent upgrades in 2023, including a new roof and fresh exterior paint, enhance the building's curb appeal and long-term durability. A coin-operated community laundry area on the ground floor provides an additional revenue stream. Conveniently located near schools, shopping centers, restaurants, and highways, this property ensures ease of access for residents while maintaining strong rental demand. Whether you're starting your investment journey or expanding an existing portfolio, this property is a must-see! Net income about $130,000 with CAP rate about 7%. Schedule a viewing today and take the first step toward securing your future income!
$1.6m  $85,000
Moiliili
1924 S Beretania Street, Honolulu
Multi-Family Home
$1,595,000  $85,000
Excellent central Honolulu location in BMX-3 zoning offering outstanding development potential. Currently fully-occupied, this multi-family property generates a solid gross annual rental income of $80,940, with tenants paying electricity. The property features two structures: a 2-story front building with four 1-bedroom/1-bath units, and a single-level back structure with two studio units sharing one bathroom. A residential use dedication for property tax runs through 2027. Strong rental demand, stable occupancy, and long-term upside make this an exceptional opportunity for investors or developers seeking both reliable income and future growth in a prime Honolulu locale.
$8m
Kapio/kinau/ward
809 Kinau St, Honolulu
Multi-Family Home
$8,000,000
You've driven by this property a million times and wondered if you could buy it. Now is your opportunity, as it's currently on the market for sale. The property is well-maintained and has significant upside potential in terms of rents. It's a magnet for tenants due to its convenient location and access to the H-1 freeway and Ward Village. Don't miss out on this gem!
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Multi-Family Home
$7,500,000
Welcome to 2636 Maunawai Place, a rare opportunity to purchase a well-maintained 16-unit concrete apartment building in the highly desirable Moiliili neighborhood. The building boasts 15 spacious 2-bedroom/1-bathroom units and a grand 1,710 sq ft penthouse with 4 bedrooms and 2 bathrooms. Enjoy views of Diamond Head and the city from the comfort of your own lanai, while a peaceful stream runs behind the building. Conveniently located, the property offers easy access to the University of Hawaii at Manoa, as well as an array of shops, restaurants, and markets in the area. All tenants currently on month-to-month, this property offers excellent potential for rental income as current rents are well below market value. Don't miss this opportunity to invest in one of Honolulu's most sought-after neighborhoods.
Virtual Tour
$2.85m
Punchbowl-lower
404 Magellan Ave, Honolulu
Multi-Family Home
$2,850,000
PRIME INVESTMENT OPPORTUNITY - REALIZE IMMEDIATE INCOME UPSIDE OF 5.7-6% CAP RATE W/ ONLY A FEW MINOR CHANGES!! - In the heart of Honolulu this 9-unit property at 404 Magellan Ave offers a strong foundation with 9 separate electric meters, 9 separate gas meters, and individual gas water heaters for each unit—a rare setup that maximizes tenant independence and reduces ownership expenses. The building is currently generating income with solid rental history, and offers excellent upside potential: simply increase rents to market value or enhance returns with light remodeling or upgrades. This property provides flexibility and long-term growth opportunities in a highly desirable location close to schools, shops, and major transit routes. A must-see for investors looking for cash flow today and room to grow tomorrow!
Virtual Tour
$2.34m
Waipahu-lower
94-246 Aniani Place, Waipahu
Multi-Family Home
$2,343,563
Amazing and unbelievable 8% CAP rate which is unheard of on Oahu! Owner did all the hard work so you can take over a turn key operation. All 8 units have been completely renovated, all units rewired from the meter, new rough in plumbing, new supply lines, descaled sewer line, exterior paint, new fuses including GFCI circuit breakers, new outlets, switches, and light fixtures, rebuilt stairs and rails. You can pay 40%-60% more for a similar building in town but the rents are not proportionally higher so it is a no brainer that there is value in Waipahu!
Virtual Tour
$4.29m
Makiki Area
1545 Kewalo St, Honolulu
Multi-Family Home
$4,288,000
Investment opportunity in Makiki with excellent freeway access and just minutes from Downtown Honolulu. This multi-family property features high rental income with potential for future growth. The property consists of three 2-story buildings, offering 16 one-bedroom/one-bath units and 1 two-bedroom/one-bath unit, for a total of 17 units and 7 parking stalls (including 2 tandem). A rare chance to own a prime income-producing property in a centrally located neighborhood.
Multi-Family Home
$1,995,000
Prime Industrial-Zoned Investment Property on a corner lot. Exceptional opportunity to acquire an industrial-zoned property featuring two detached structures with a mix of renovated residential units and an industrial space. Structure One: Four (4) 2 bed / 1 bath units. Structure Two: Two (2) 2 bed / 1 bath units, one (1) 3 bed / 1 bath unit, plus an industrial unit offering versatile use options. All residential units were fully renovated in 2021, ensuring modern finishes and strong rental appeal. The property spans 7,164 sq. ft. of land, offering solid income-producing potential. Perfect for investors seeking stable cash flow with upside potential, or for an owner-user looking to combine industrial operations with on-site housing.
$2.45m
Pauoa Valley
2134 Kanealii Ave, Honolulu
Multi-Family Home
$2,450,000
An investment opportunity of two dwellings with four units in Pauoa Valley, including one 2-story home, and another single-level home. Each unit is separately addressed as 2134, 2134-A, 2136 and 2136-A Kanealii Ave. 2134 and 2134-A Kanealii are each a 3 bdrm/2 bath unit on the main and upper levels. 2136 Kanealii is a single-level home of 2 bdrm/1.5 baths in the front, and 2136-A Kanealii is a studio/1 bath in the back. Units have been renovated as tenants vacate. Each dwelling has owned-PV sharing an electric meter & hot water. Each unit has individual laundry & dedicated parking. Located in a convenient neighborhood with multiple commuting options to downtown, hospitals, and universities, this property is consistently fully-tenanted to add value to your investment portfolio. Seller is also listing adjacent property 2138 Kanealii Ave.
$2.45m
Pauoa Valley
2138 Kanealii Ave, Honolulu
Multi-Family Home
$2,450,000
An investment opportunity of three dwellings with six units of 2 bdrm/1 bath in Pauoa Valley. This property includes three TMK's 1-2-2-11-15-1, 1-2-2-11-15-2, and 1-2-2-11-15-3. Each unit is separately addressed as 2138, 2138-A, 2138-B, 2138-C, 2138-D, 2138-E Kanealii Ave. Units have been renovated as tenants vacate. Each dwelling has photovoltaic, and each unit is separately metered, has individual laundry & hot water, with dedicated parking. Located in a convenient neighborhood with multiple commuting options to downtown, hospitals, and universities, this property is consistently fully-tenanted to add value to your investment portfolio. Owner is also listing adjacent property 2134 Kanealii Ave.
Multi-Family Home
$2,150,000
Welcome to this immaculate 2-story, 6-unit apartment building, perfectly situated near parks, shopping centers, and top-rated schools. Currently 100% occupied with hand-selected tenants, each unit features Congoleum or quarry tile flooring, smoke alarms, gas ranges, electric refrigerators, and built-in ironing boards. The kitchens boast stainless steel sinks, wall cabinets extending to the ceiling, and built-in dining tables. Exterior amenities include a newly renovated 6-stall carport, newly painted, a secure vinyl fence, two coin-operated washer/dryers, tankless water heaters, and ample storage. Enhanced features like photocell-mounted lights, sensor lights, and an ongoing Terminex contract ensure safety and peace of mind.
$4.7m
Kahala Area
4745 Aukai Ave, Honolulu
Multi-Family Home
$4,700,000
Tennis anyone? Calling all tennis and pickleball enthusiasts because a lighted regulation sized tennis court with a backboard that was resurfaced in 2024 awaits you! Experience the ultimate island lifestyle in this one-of-a-kind 4 bed, 5.5 bath estate tucked away in prestigious Kahala. Spanning 3,704 sqft on an expansive 16,421 sq ft lot, this custom home blends artistic design with island charm-offering a private retreat just minutes from world-class beaches and Honolulu amenities. Imagine having the capability of hosting your very own private tennis or pickle ball matches between family and friends! Step inside to discover soaring open-beam ceilings, a skylit great room, and a show-stopping kitchen with curved aqua cabinetry, sleek finishes, and vintage-inspired appliances. Every detail-from the handcrafted vessel sinks to the bold wallpapered powder room tells a story of style and personality. Outdoors, your personal oasis awaits: relaxing pool, tropical landscaping, a pond and multiple entertaining areas make this home a rare find for both active living and serene relaxation. A truly special property with resort-level amenities, tropical whimsy, and timeless Kahala prestige.
Multi-Family Home
$4,880,000
Exceptional rental income and low operating costs make this a rare investment opportunity in Waikiki’s residential neighborhood. This turnkey 3-story walk-up comprises 13 units: nine 2BD/1BA plus four 1BD/1BA, each with a private lanai. Well-kept and low-maintenance, the property is positioned in one of Honolulu’s most reliable rental markets. Features include community coin-operated laundry, individual electrical metering for tenant-paid power. Parking is available with a three-car front carport, plus two tandem spaces in a secondary carport accessed via the driveway. Units have been updated upon turnover, ensuring the building remains in excellent condition with strong occupancy, consistent rental income, and long-term tenants. Set in the quieter, less trafficked section of Waikiki, residents enjoy walkable access to world-class beaches, dining, shopping, and recreation, as well as convenient transit connections. This combination of stable income, efficient operations, and an unbeatable location makes the property a standout investment in Honolulu’s steady multifamily market.
Multi-Family Home
$3,578,000
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# 202521973, TMK 1-2-7-27-51
Multi-Family Home
$2,245,000  $150,000
Rare Manoa Valley opportunity! Two detached dwellings on a 29,564 sq. ft. upslope, wooded lot zoned R-7.5. The front home (2884 Komaia Pl) is a spacious 4BR/2BA two-story residence (approx. 1,574 sf, built 1931/updated 1972) currently rented for $4,150/month with a half a year left on the lease. A short walk uphill leads to the second dwelling, a 2BR/1BA single-level cottage, rent is $2,350, (approx. 988 sf, built 1962) on month-to-month tenancy. Both homes feature wood frame construction, covered lanais, and serene valley views. Kitchens have been updated with granite counters and modern finishes. Current combined rents of approx. $6,500/month provide strong income potential—ideal for multi-generational use or investment. Property includes ½ interest in a shared driveway easement and parking for 4 vehicles. Not a CPR; both dwellings are on one TMK. Private, lush setting just minutes from town. To be conveyed in “As-Is” condition. Buyer to verify all information. Appointment only; do not disturb occupants.
$535k  $40,000
Kaniahikuvillage
14-3276 Pualaa Road, Pahoa
Multi-Family Home
$535,000  $40,000
Great income opportunity on 1 acre with two homes on one lot, located on a quiet dead-end street just 10 minutes to Pahoa and about 20 miles to Hilo. The single-family house is a 2 bed/1 bath, and the second building is a duplex with 2 bed/1 bath units. Together, they can generate approximately $4,850 per month, or about $58,200 annually. Live in one home and rent the others, or rent them all—so many options for income or multi-generational living. The property offers ample parking, separate living spaces, and a peaceful setting close to schools, shopping, and dining in Pahoa, with Hilo’s larger services just a short drive away. All comments, data is provided by seller or seller's representatives. Buyer to confirm all & hold all parties harmless from any discrepancy data in the mls and advertising. Limited Service–Data Entry Addendum signed by seller/s must be signed by buyer/s with Purchase Contract.
$2.5m
Punchbowl-lower
1449 Punchbowl Street, Honolulu
Multi-Family Home
$2,500,000
Consider This Rare Development Opportunity – Explore the potential of this unique site with plans that align with Bill 7 provisions. Proposed development includes a 5-story residential apartment building featuring 21 units and 11 parking stalls. Rendered images reflect an development option to maximize rental income—subject to zoning and permit approvals. Don’t miss this chance to invest in a high-demand area with strong development upside. Centrally located investment opportunity near Queens Hospital. The existing hollow tile building has 6 spacious 2-bedroom apartments with custom cabinets and counter tops. Highlights are walking distance to Queen's Hospital, State Capitol, and minutes from downtown Honolulu. Easy access to H1 Highway and bus stops.
$1.2m
Waipahu-lower
94-238 Aniani Pl, Waipahu
Multi-Family Home
$1,195,000
This is an opportunity for those who are interested in DIY or renovation. Potential invenstment opportunity. 7 units, split level with 2 bedroom and 1 bath upstairs and downstairs is kitchen and living room. Sold as is condition. Seller will do a 1031 tax deferred exchange.
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