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Hawaii Multi-Family homes for sale

74 multi-family home for sale

$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.
$1.6m  $50,000
Waianae
85-824 Lihue Street, Waianae
Multi-Family Home
$1,600,000  $50,000
Great investment property. Four houses on over 1/2 acre lot. Five rental units. Convenient location. Next to public park and elementary school. Walking distance to shops, restaurants etc. Live on one unit and rent the other 4 units. Rental income should pay your mortgage. Potential for development. The numbers for rental income are projected. Recently remodeled. New electrical wiring on the main front house.
$8.25m
Wahiawa Area
55 Walker Ave, Wahiawa
Multi-Family Home
$8,250,000
Rare and desirable centrally-located building in the heart of Wahiawa with hollow tile construction. This securable threel-story walk up apartment building with 33 one-bedrooms 3 two-bedrooms with 33 parking on huge lot has ultimate accessibility to eateries, shops, and services. Excellent opportunity to increase rent and maximize returns awaits! Landlord pays for water. All tenants pay their own electric, most MTM. Coin owned laundry.
$2.68m  $200,000
Kapahulu
718 Kamuela Ave, Honolulu
Multi-Family Home
$2,680,000  $200,000
Attractive Income - Seize an opportunity to own this 2025 fully renovated multi-family property in Kapahulu, a neighborhood abundant in amenities commanding low vacancy rates. Ample parking for 8 units, each with a private yard or lanai. Five 1-BD/1-BA units are divided between the two buildings on the ground floor. On the upper levels, you’ll find two 2-BD/1-BA units at the rear building, and the 3-BD/2-BA unit at the front building. Brand new appliances including fridge, stove/oven, and microwave hood, plus washer for each unit. Tenant pays parking, and separately metered electric & gas. Proximity to Waikiki, UH Manoa and other highlights, this location is highly rated for walkability & bus routes. Parking includes 4-car tandem parking in carport, tandem spaces on driveway, and frontage pad parking for 2 vehicles. Your investment portfolio will appreciate this exploration of value and potential in this turnkey property!
$3.7m  $125,000
Makaha
84-1111 Hana Street, Waianae
Multi-Family Home
$3,700,000  $125,000
Location, location, location! One block from pristine ocean frontage—don’t miss out on this rare apartment property. Previously run as an historic hotel, current use is legal non-conforming. 17 two-bedrooms and huge lot with 20 parking and possible further development potential. Opportunity to value add and raise rents to market hollow tile construction. All tenants pay their own electric and landlord pays water. Pool not in use can be uncovered and used!
Multi-Family Home
$2,300,000
Super Location. Steady income stream AND rents are below market. Expenses are manageable. Self-managed property owners will find rental business easy. Close to University, public and private schools. Approximately 1 to 2 blocks walking distance away to bus stop and mini shopping malls.
$1.29m  $10,000
Wahiawa Area
36 Ilima Street, Wahiawa
Multi-Family Home
$1,289,000  $10,000
Charming large home with 11 bedrooms in cool Wahiawa, with easy access to bus lines, restaurants, shops, and a close proximity to Schofield, Wheeler, Mililani Town, and the North Shore. It's also a great investment as an apartment zoned parcel with an excellent cap rate and even greater potential for future development. There's a spacious two bedroom, single family house with carport and huge yard areas. Additionally, there are a 9 studios, a kitchenette, nice open garden lanai, storage lockers, laundry room - all renovated in 2015 and 2020. You can build a 40 unit apartment under Bill 7 to enjoy tax benefits. Square footage and information differ from tax office records. Being sold "AS IS"
Multi-Family Home
$1,495,888
Exceptional business opportunity in a commercial B-2 zoned district. Situated in the heart of Liliha St., this versatile building features a well-established retail flower shop with two bathrooms on the first level. The second story features 7 bedrooms, 2 baths, with tenants living in residential. The property garners $5,248 per month in income. Rent is much lower due to accommodating real estate showings. 2025 bath renovations and 2022 upgrades include cabinets, floors, and bathrooms. Multi-generational and/or commercial. Coming back on market after holidays in 2026.
Multi-Family Home
$2,600,000
Investor Alert – Turn-Key 8-Unit Property! 2908 Varsity Circle is a well-maintained multifamily property featuring 8 units, each with separate electric meters (8 total) and one water meter, streamlining utility management. The property brings in a strong monthly rental income of $12,920, offering immediate cash flow. Recent upgrades include updated exterior meter box breaker panels, improving safety and reducing long-term maintenance costs. Ideally located near the University of Hawai?i at Manoa, popular local restaurants, shopping, and major business institutions, this property also offers easy access to the H-1 Freeway in both East and West directions—making commuting simple for tenants. With a stable tenant base and desirable central location, this is a rare opportunity to own a high-performing, income-producing asset in one of Honolulu’s most sought-after neighborhoods.
$1.88m  $300,000
Hauula
54-11 Waikulama Street, Hauula
Multi-Family Home
$1,880,000  $300,000
An excellent opportunity to own a duplex just steps from the ocean on O?ahu’s scenic windward coast. This two-unit residence offers two 3-bedroom, 1-bath units with separate entrances—ideal for extended family, rental income, or both. Situated on nearly 2 acres across two adjacent R-5 zoned lots, the property offers flexibility for future development or expansion. Enjoy the peaceful charm of Hau?ula with beaches, shops, and amenities nearby. Sale includes adjoining lot at 200 Kamehameha Hwy (MLS# 202517698).
$4.9m  $305,000
Kaimuki
3427 Waialae Ave, Honolulu
Multi-Family Home
$4,895,000  $305,000
RARE FIND in super desirable Waialae neighborhood with excellent opportunity to value add and increase rents with 11,000sf B-2 zoned on TWO LOTS for flexible use. Convert comm to Resi and get use exemption to lower taxes, or convert Resi to office. Currently configured as 12 one beds with secure access and 5 comm units (2 units combine 2 spaces for 3 existing comm tenants, 1 unit used by owner for storage). All units separately metered for electric, one water meter, gas water heaters. Owned coin laundry. Resi AC owned by LL, maintained by tenants; comm AC owned and maintained by tenants. 10’ setback.
$2m  $200,000
Pauoa Valley
2153 Booth Road, Honolulu
Multi-Family Home
$2,000,000  $200,000
Price reduction! A rare opportunity of an income property in Pauoa Valley. Two, duplexes offering a total of four income-generating units. This property features: two - 3 bdrm/1 bath, one - 3 bdrm/2 bath, one - 2 bdrm/1 bath. Ideal for steady rental income or multi-generational living. Situated on 8,388 sq. ft. and includes 8 parking stalls. Each dwelling has a separate electric meter. Back house needs flooring and cosmetic work. Front house is ready to occupy. Also listed as MLS 202517059
$2.8m
Makiki Area
1223 Wilder Ave, Honolulu
Multi-Family Home
$2,800,000
An amazing opportunity to own a multifamily property in the heart of the desirable Makiki neighborhood. The 6-unit property consists of a 5-unit apartment building made up of 3 (1bd/1ba) and 2 (2bd/1ba) units, along with a 4bd/2ba single family house. All units are separately metered for electricity. The large house allows an owner the potential to "house hack" the property and offset their housing expenses with the other 5 units' rental income. The property recently underwent significant renovation, including new flooring, paint, windows, ceiling fans, appliances, and fixtures to all of the units making this a turn-key investment with excellent return metrics yielding a 4.6% cap rate at acquisition. Well positioned within proximity to Makiki Shopping Center, Roosevelt, Punahou School, University of Hawaii, and Ala Moana.
Multi-Family Home
$1,800,000
Located in the beautiful town of Waianae on the island of Oahu. Situated over on a 4.42 acres of Fee Simple land with great mountain view, walking distance to the beaches, elementary schools, and shopping centers. This property consists of four (4) detached single family homes, each with its own separate addresses (87-1205 Paakea Rd, 87-1209 Paakea Rd, 87-1213 Paakea Rd, & 87-1217 Paakea Rd), all currently occupied by long-terms and great tenants. Additionally, the property generates monthly income from solar panels. Don't miss out on the chance to own this rare and great investment property with four single family homes!
$2.69m  $210,000
Makiki Heights
2325/2327 Round Top Drive unit 2325/2327, Honolulu
Multi-Family Home
$2,690,000  $210,000
Opportunity knocks for a new owner to transform this multi-dwelling property into a grand estate! This large CPR'd lot with 2 single family homes and in-ground pool is located just along the stunning slopes of Round Top Drive. The main 5 bed, 3 bath dwelling was thoughtfully upgraded in 2025 and features a massive living room that acts as the beating heart of the home, taking your breath away with its impressive lofted ceilings, floor-to-ceiling windows, and views of Honolulu, extending all the way out to the sapphire blues of the Pacific. The finished basement is a unique and flexible feature that can be used in a variety of different ways, from an office, to a home gym, to an entertainment room. The rear dwelling is a 2-story 3 bed, 2 bath, built in 1982 with a large wood deck and 2-car carport. These homes have been loved for many years, and with just a little more TLC, both properties can be brought back to their original shine and glory. Perfect for multi-generational living and just a few minutes drive from Punahou School, MidPac, Ala Moana, and the beautiful Tantalus Lookout, this is truly a unique, one-of-a-kind property! Must see to fully appreciate all it has to offer.
Multi-Family Home
$6,888,000
Look no further to build your Hotel or new Apartment, or renovate/refurbish the building, which has 16 residential units and two (2) commercial spaces. The owner had lived in the building for years and had not rented it out. It is near the Convention Center, Waikiki, and Ala Moana. The building needs a lot of TLC. The place is ideal for future building development. Please do not enter the building, drive by only. NO SHOWING. Motivated seller.
$1m
Wahiawa Area
318 Ohai Pl, WAHIAWA
Multi-Family Home
$1,000,000
This well maintained triplex features 2 beds and 1 bath in each unit, separate entrance, separate backyard with storage and wash areas. Great opportunity for those who would like to build their investment portfolio. Live in one and rent out the other two units. Four parking spaces. Large Space under the building for storage. Two minutes away from Schofield Barracks Army base and Whitmore military housing installation. Close to shopping centers, restaurants, bus lines, and easy access to the H2 freeway.
Multi-Family Home
$1,250,000
Don’t miss this rare opportunity to own a solid two-story hollow tile fourplex. Each unit features 2 bedrooms, 1 bathroom, and 2 parking stalls, offering strong rental demand. The property sits on IMX-zoned land, opening the door to a variety of potential uses and future development opportunities. There’s also a vacant portion of the lot—perfect for adding additional units or creating extra income streams (buyer to verify). All units are individually metered for electricity, with tenants responsible for their own usage. Property is in close proximity to stores, restaurants, schools, H-Mart and much more. Whether you're looking to grow your portfolio or start with a stable income-producing property, this is a great opportunity! Don't wait, schedule your viewing today and take hold of this amazing opportunity! You can lower the property tax by submitting the Residential Dedication form.
Multi-Family Home
$3,600,000
Two Parcel Multifamily Opportunity ( Must be sold together ) This offering includes two adjacent fee-simple parcels (TMK112-006-118 & TMK112-006-0017), delivering versatile income potential in the two parcels,12 income-producing units with reliable cash flow , designated parking , and a prime location, Near by Young Brother and Amazon warehouse Parcel A (1611 Kahai): A well-maintained low-rise with 6 one-bedroom units. With Individual Electric meter for each Unit and One water Meter. 5 Designated parking stalls Parcel B: (1617 Kahai) Includes two distinct dwellings— front house have total of 4 bedroom. 2 bedroom 1 bath Main floor and 2 bedroom 1 bath basement , Both rented separately .Rear Dwelling, containing 4 studios units with individual meter, for each unit. 3 Parking stalls Property differ rom Tax Record, Please do Not Walk on Property or Disturb the Tenants:
Virtual Tour
$1.99m  $210,000
Waimanalo
41-1702 Kalanianaole Hwy, Waimanalo
Multi-Family Home
$1,990,000  $210,000
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.
$1.48m  $25,000
Waikalua
45-519 Kamehameha Hwy, Kaneohe
Multi-Family Home
$1,475,000  $25,000
Located on an 11,421 sq.ft R-10 zoned lot at 45-519 Kamehameha Hwy in laid-back Kaneohe, this unique property includes two separate 3-bedroom homes (45-519 Kam Hwy is a 3bed/3bath, and 45-525 Kam Hwy is a 3bed/2bath). The home at 45-519 features a spacious 4-car garage underneath the home, together with a separate single car garage. Positioned along the convenient Windward corridor, both homes offer easy access to TheBus and are minutes from H-3, Pali, and Likelike Hwy for smooth commuting. Nearby Windward City and Windward Mall offer shopping, dining, and daily essentials. The property is close to Kaneohe Elementary, Castle High, Windward Community College, and other quality schools. Outdoor escapes like Hoomaluhia Botanical Garden, Kaneohe Bay, and local parks are just a short drive away. One home is vacant while the other is tenant-occupied on a month-to-month lease, allowing flexibility for owner-occupants or investors. With stable rental demand supported by nearby Marine Corps Base Hawai‘i, this is a solid opportunity in one of Oahu’s most welcoming communities. This is not a CPR. Square footage and # of bedrooms do not match tax records.
$2.7m
Punchbowl Area
962 Spencer Street, 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
$3,050,000
7 Units with good income. Good location convenient location bus line, Close to Kahala Mall, Diamond Head, and easy freeway access. Buyer to do their own due diligence.
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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