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Hawaii Multi-Family homes for sale

77 multi-family home for sale

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.
$4.85m
Moiliili
705 Hoawa St, HONOLULU
Multi-Family Home
$4,850,000
Rare 20-unit corner lot apartment investment - Cash-flowing with significant upside on Kapiolani Blvd. Tax records reflect the property address as 705 Hoawa Street, Honolulu, HI 96826, with the front building addressed at 2304 Kapiolani Boulevard, Honolulu, HI 96826. This rare offering features two apartment buildings situated on a 14,607 SF corner lot at Kapiolani Boulevard and Hoawa Street, near Isenberg. The property consists of 20 total units, all two-bedroom apartments (10 units per building), and includes 12 parking stalls. The property currently generates monthly rental income of $29,865, units rented at below-market rates, presenting a compelling value-add opportunity through renovation and rental optimization. An exceptional opportunity for investors seeking scale, upside, and long-term growth in a prime Honolulu corridor. Sold As-Is. Please do not disturb tenants.
Multi-Family Home
$2,650,000
Investor's gem in the highly sought-after Kaimuki neighborhood. This rare opportunity features a generous 15,600 sq. ft. lot zoned R-3.5. The property includes a total of 12 rental units-5 studios, 6 one-bedroom units, and 1 two-bedroom unit-spread across five separate structures. Situated on a corner lot spanning from 3rd Avenue to Palima Place, across Pahoa Avenue, the property offers excellent accessibility. Utilities include 11 individual electric meters, 11 individual gas meters, and 2 water meters. Conveniently located near freeway on/off ramps, popular restaurants and businesses along Waialae Avenue and Kapahulu Avenue, Market City Shopping Center, Kapahulu Shopping Center, and Waikiki. Buyer to perform their own due diligence.
Multi-Family Home
$3,900,000
Each House for less than $1.0M! TRY COOPERATIVE ownership-buy w/friend. Each owner has their own house + rent income from other 2 houses! DIAMOND HEAD COTTAGES terrific Rental Invest-quality property4 legal full size 2 story individual homes! Flexibility, privacy, comfort & easy living. Views of Kapiolani Park/Waikiki. Loc base Diamond Head 3-6 min.to beach, Kahala Mall; Kaimuki "Foodie" neighborhood; Culinary Inst; Farmer's Market; Kapiolani Park; Zoo; Beach; freeway & bus access etc. Loc boasts the BEST weather on Oahu-sunny blue skies & cooling trade winds. Prime high demand living area. Hayden has City improved sidewalks & underground utilities. EX rental rates, good cash flow.3 Homes w/6 bedrooms 2.5+ baths & 4th home has 5 bedrooms 2.5+ baths. Front #1 Liv Area 1,992; Unit "A" (2nd from st) Liv Area 1,792; Unit "B" (3rd from st) Liv Area 1,664;& Unit"C"(furthest fr st)Liv Area 1,792. A great BUY! Income & Exp. figures short as of Dec 2025 due to re-renting "B" rented for $5,000."C" asking rent $5,200.Updated Income & Exp. figures will be provided when available. DREAM property for COOPERATIVE OWNERHSHIP-EACH HOUSE LESS THAN $1M- NOT A CPR. Get Creative! See MLS#202603761.
Oceanfront
$5.19m  $110,000
Ewa Beach
91-249 Ewa Beach Road, Ewa Beach
Multi-Family Home
$5,190,000  $110,000
Two. Gated, Ocean-Front Properties for sale with 4 houses, 1. TMK:1-9-1-023-023-0000 (A&C Houses on 12,3 sq f lot) 2. TMK:1-9-1-023-106-0000 (C&D Houses on 12,482 sq ft lot) On a Beautiful, White Sandy Beach with Diamond Head View. Open area to build another house. Security System.
Multi-Family Home
$14,000,000
TMK 1-5-8-004-066 is included with this sale. Two Parcels, prime for Development into Numerous Residential Parcels via CPR (Subject to approvals). Incredible Opportunity... Residential Large Double Parcel.
Multi-Family Home
$1,777,000
Rare opportunity to own nearly four and a half acres of prime land in Waianae, Hawaii, offering exceptional flexibility for a private island lifestyle with mountain views. This expansive property features multiple potential building sites, each with separate access, ideal for creating a multi-dwelling estate, family compound, or income-producing retreat. The land is well-suited for equestrian use, with ample space for horses, stables, and riding or walking paths, while still preserving privacy and open views. Numerous mature trees provide natural shade, beauty, and a serene atmosphere throughout the property. Enjoy the freedom to design your dream lifestyle—whether agricultural, recreational, or residential—in a peaceful rural setting just minutes from beaches and Waianae town amenities.
Multi-Family Home
$7,300,000
FIRST COMPLETED BILL 7 APARTMENT BUILDING FOR SALE! 311 Puuhue Place is a newly constructed five-story walk-up completed in 2022 under Honolulu's Bill 7 program, consisting of twenty-five one-bedroom units on 5,110 square feet of fee simple A-1 zoned land. The property includes nine parking stalls, bicycle and moped parking, and electricity and water submetering monitored by Ikehu Utility Solutions. Each unit features in-unit waster/dryer, water heater, refrigerator, and stove/oven. Income and expenses stated are proforma. Bill 7 exemptions include real property tax and general excise tax through 2032. Please contact Listor for additional details. PLEASE DO NOT DISTURB TENANTS OR WALK ON THE PEROPERTY WITHOUT PERMISSION. Note: One or more photos may have been enhanced.
$2.7m  $100,000
Kapalama
1039 Wong Lane, Honolulu
Multi-Family Home
$2,700,000  $100,000
Excellent investment opportunity in Honolulu with NOI of 5%, ideal for investors looking to start or expand their real estate portfolio. This income-producing property features eight detached homes (addresses 1039A to 1039H) situated on a large, level 21,290 sq ft lot. The unit mix includes six 2-bedroom, 1-bath homes and two 3-bedroom, 1-bath homes, offering broad rental appeal. Each unit has a separate electric meter, allowing tenants to cover their own utilities and minimizing operating expenses for the owner. Located near Chinatown, Downtown, Lanakila Health Center, shopping centers, and major bus lines, the property benefits from high rental demand and strong occupancy potential. One unit (Unit F) has already been renovated with the opportunity to improve other units over time and boost rental income. This is a cash-flowing asset with long-term appreciation potential. The lot size may also offer future development or expansion potential (buyer to verify). Rarely does a property with this scale, flexibility, and location come to market. Offers are subject to inspection. Please do not disturb tenants or drive by without an appointment. Property to be sold in “As Is” condition.
Multi-Family Home
$1,675,000
Are you looking for a Multi-Family and/or an Income Property? One Lot with Two Updated Homes each includes Upper-Level Main Living areas and Lower-Level Guest Quarters with private entrances. Located above the airport at an ideal elevation w/panoramic Ocean&Sunset views in a quiet neighborhood w/convenient access to Kailua-Kona town & the Kohala Gold Coast.Both areas offer a variety of restaurants, shopping & beaches. North located home: The open-beam ceilings in the Great Room divide the two-bedroom suites, each w/a walk-in closet, four-piece bathroom,sliding doors to private covered tiled lanais. Kitchen has bright white cabinets & appliances.Guest quarters have 2bedrooms/1 full bath, wet-bar, cabinets, vinyl & tile flooring.West side windows w/ garden views. Separate entrances to the Storage Room & Laundry.Two storage buildings for yard tools & beach toys are towards the back of the property. South located home: Two car carport & laundry closet, new roof, open-beam ceilings, 3 bedroom & 1¾ bath.Updated Kitchen, bathrooms & tile floors.Covered Lanai the full length of the house on both levels.Guest quarters 1 bedroom/1bath, updated bathroom,wet bar,cabinets,vinyl & tile flooring.
$1.45m  $51,000
Kawaihau
4806 Iiwi Road, Kapaa
Multi-Family Home
$1,449,000  $51,000
Stop your scroll—this is the one you’ve been waiting for! Discover a rare opportunity in the heart of Kapa‘a House Lots , across from Kapa‘a Elementary and Mahelona Hospital, and minutes to Kealia Beach, the bike path, and town amenities. Set on over a quarter acre, this versatile property features two standalone homes with 6 bedrooms, 4 full baths, and 1 half bath, ideal for multi-gen living. The front home shines with fresh paint, new luxury vinyl flooring, a remodeled kitchen, updated bath, and a vaulted-ceiling great room with a cozy wood-burning tiled fireplace. The back home offers split A/C in primary bedroom and living room, Koa cabinetry, granite counters, refreshed baths, a new open concept living room, office space and a sun deck with outdoor shower and half bath. Extras include a 720 sqft carport/garage, ample parking, fenced yard, and not to mention both roofs have been recently redone. 4806 I‘iwi Rd delivers flexible living, modern upgrades, and island lifestyle in one prime property.
Multi-Family Home
$1,999,000
A rare opportunity for investors! This is a two-story apartment with 6 units, each containing two bedrooms withone bathroom. Walking distance to Wal Mart, restaurants, bus lines etc. History with great rental occupancy. Oneunit has been re-modeled with other units having great potential. This property will cater renters looking for anapartment-style living in urban areas like Ala Moana. This property will be sold 'AS-IS' and Buyer(s) are to do their own due diligence.
$2.55m  $138,000
Kapalama
219 Kalihi Street, Honolulu
Multi-Family Home
$2,550,000  $138,000
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
$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!
$1.7m  $100,000
Moiliili
1924 S Beretania Street, Honolulu
Multi-Family Home
$1,695,000  $100,000
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.
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
$2.3m  $550,000
Punchbowl-lower
404 Magellan Ave, Honolulu
Multi-Family Home
$2,300,000  $550,000
PRIME INVESTMENT OPPORTUNITY - REALIZE IMMEDIATE INCOME UPSIDE OF 7% + 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!
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