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Hawaii Multi-Family homes for sale

78 multi-family home for sale

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.
$4.6m  $101,000
Kahala Area
4745 Aukai Ave, Honolulu
Multi-Family Home
$4,599,000  $101,000
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
$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.
$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.
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.
$2.48m  $120,000
University
2908 Varsity Circle, Honolulu
Multi-Family Home
$2,480,000  $120,000
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:
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