Newest
Filters
List Map Filters Commute
Sign Up
Log In
Save search
Ask a question
Advanced filters
Lifestyle filters
Virtual Tours
Types
Price range
Beds
Baths
Square footage
Lot size
Year built
HOA fees
Listing status
Property condition
Price changes
Parking
Open House
Views
Frontage
Amenities
Land tenure
Pets allowed
Keywords
Ohana
* Second home allowed on either a residential or an agricultural zoned property.
Surf
Body Surfing
Tow-in Surfing
Near beaches
Near parks
Golf
listings found
View all

Hawaii Multi-Family homes for sale

78 multi-family home for sale

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.
Multi-Family Home
$2,800,000
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.
Multi-Family Home
$1,500,000
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
$1,210,000
Live smart in Makiki! This spacious 5-bedroom, 3-bath home is designed with flexibility in mind. The lower level offers a 2-bedroom/1-bath with wet bar—ideal for multi-gen living or guests.(2/1permitted as wet bar not full kitchen), enjoy 3 bedrooms and 2 baths with a granite countertop kitchen, open living area, and private primary suite with en-suite bath. Beat the traffic and come home to calm: set back from the main road, the interior is notably quiet with freeway noise barely audible. Live minutes from everything—dining, schools, and hospitals—without the long commute. Ready for your finishing touches. Freshly painted interiors, vinyl windows, solar water heater and an owned photovoltaic system for comfort and efficiency. Enclosed two car garage with storage and washing machine. Property to be conveyed as is, where is…
Multi-Family Home
$1,675,000
Discover island living at its best. Tucked away on a cul-de-sac, this beautifully upgraded home offers privacy, comfort, and postcard-worthy views of the ocean and Diamond Head. Step inside to find a home thoughtfully refreshed with new exterior and interior paint, modern cabinets, sleek countertops, upgraded flooring, and new windows that welcome natural light throughout. The open-concept layout flows seamlessly to two inviting lanais, perfect for relaxing, entertaining, or enjoying Hawaii’s year-round breezes. The fully enclosed property features a security gate, an enclosed and secured garage, and two separate yard areas ideal for pets, gardening, or outdoor living. The property was just fitted with automatic sprinklers in both yards. Located minutes from Kaimuki, Kahala, and Waikiki, this home offers convenience in one of Honolulu’s most desirable neighborhoods. Two units with a 4 bed 2 bath upstairs and a 3 bed 2 bath downstairs. The property is fully rented, earning $8,175 monthly (gross). Downstairs is on a month-to-month lease at $2,875/month and upstairs is on a fixed lease at $5,300/month expiring July 31, 2026.
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.
Multi-Family Home
$5,100,000
2848 Date Street presents a rare opportunity to acquire a fully stabilized, renovated multifamily asset in one of Honolulu's most supply-constrained submarkets. With over $450,000 of recent capital improvements, investors can benefit from modernized units, reduced maintenance exposure, and strong in-place income. The property's combination of prime location, consistent occupancy, and upgraded condition positions is a turnkey investment offering immediate cash flow and long-term value appreciation potential. For investors seeking durable performance and exposure to Hawaii's resilient, high-barrier-to-entry multifamily market, 2848 Date Street stands out as a compelling opportunity. Note: One or more photos may have been enhanced.
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
$2,799,000
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. The seller collects about $107,000 in annual net income. The monthly insurance cost is about $125.25 a month. 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. Seller can provide partial financing.
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!
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!
$2.33m  $175,000
Kuakini
415 Liliha Court Lane, Honolulu
Multi-Family Home
$2,325,000  $175,000
TWO STORY HOLLOW TILE BUILDING! 6 of the two-bedroom with lanai. Every unit has an electric meter and laundry. All machines own by tenants. 1 unit fully renovated in 2025. 1 unit fully renovated in 2020 & 4 units partial renovated in 2020. Short distance to Chinatown, Downtown & Honolulu International Airport. Close to hospitals, supper markets, restaurants, post office & public transportation.
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.
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.
$4.28m  $324,000
Kahala Area
4745 Aukai Ave, Honolulu
Multi-Family Home
$4,275,000  $324,000
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.
$535k  $13,000
Kaniahikuvillage
14-3276 Pualaa Road, Pahoa
Multi-Family Home
$535,000  $13,000
PAHOA – 14-3276 Pualaa Street in Kaniahiku Village House Lots, INCOME PROPERTIES FOR SALE! - $535,000 – cash or terms with large down payment. - 1 acre property! With 2 houses! - Next to Nanawale Forest Reserve! - Quiet dead end Road. Privacy! - 3 rental incomes totalling $5/k/monthly – about $60,000/year Please fill out an application and be pre-qualified BEFORE viewing the cabin.
$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.
24 – 47 of 78 homes for sale
  1. Hawaii

Average Listing Price Hawaii for condos & homes

Median Sales Price Hawaii for condos & homes

Hawaii Neighborhood Price Trends

* information deemed reliable, but not guaranteed
Save search
Ask a question
Back to search
Share
What is your destination?
1 of 3
Maximum time to your destination
15 min
2 of 3
How do you want to get there?
3 of 3