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Hawaii Multi-Family homes for sale

76 multi-family home for sale

$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.
$4.98m  $100,000
Waikiki
287 Wai Nani Way, Honolulu
Multi-Family Home
$4,980,000  $100,000
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.
$450k  $46,500
Kaniahikuvillage
14-3276 Pualaa Road, Pahoa
Multi-Family Home
$450,000  $46,500
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.
$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!
$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.
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).
$1.55m  $50,000
Makaha
84-916 Hanalei Street, Waianae
Multi-Family Home
$1,550,000  $50,000
Rare Investment Opportunity – 4 Homes on R-5 Zoned Lot! Don't miss your chance to own this exceptional multi-family property featuring four detached single-family homes on one lot. Ideal for investors or multi-generational living! This property consists of 2 - 3 bedroom homes and 2 - 2 bedroom homes each with their own private fenced yards and dedicated parking. Tenants pay all utilities (water, sewer, gas and electric). This well-maintained property offers both stability and upside. Unit #A which is a 3 - bedroom home and unit #B which is a 2 - bedroom home have both been newly renovated in 2025. Perfect for savvy investors seeking strong cash flow, multi-family compound buyers who want privacy and flexibility or 1031 exchange buyers looking for stable, appreciating assets.
$1.75m  $250,000
Pauoa Valley
2153 Booth Road, Honolulu
Multi-Family Home
$1,750,000  $250,000
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
$6.5m  $388,000
Mccully
1716 Kalakaua Ave, Honolulu
Multi-Family Home
$6,500,000  $388,000
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 Place, 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. Don't miss out!
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.
$2.4m
Kapio/kinau/ward
729 Kinau Street, Honolulu
Multi-Family Home
$2,400,000
Rare Investment Opportunity! A 24-Room Apartment + Liquor Store. Here’s your chance to own a high-demand, income-generating property in the heart of Central Oahu. This two-story apartment complex features 24 rentable rooms, designed for maximum occupancy and ideal for use as a boarding house or workforce housing. Each floor includes shared cooking areas and two bathrooms, keeping operating costs low and rental flexibility high. What truly sets this property apart is the standalone liquor retail store located at the front of the lot—a built-in revenue stream with high visibility and foot traffic. Steps away from bus stops, making transportation easy for tenants and customers. Close proximity to hospitals and medical offices, schools, and major shopping centers. High-traffic area with strong rental demand and commercial visibility. Whether you're an investor looking to maximize cash flow or a business owner seeking mixed-use potential, this unique property delivers. Seller is conducting 1031 Exchange.
$2.99m  $477,000
Kapalama
815 Lopez Lane, Honolulu
Multi-Family Home
$2,988,000  $477,000
Completely renovated inside and out, this 3-structure legal, non-conforming gem earns better than a 7.8% return (actual). Off the ground construction means repairs are simple! All 12 two-bedrooms are permitted & renovated with new electric, plumbing, kitchens, and bathrooms, windows, doors, new roofs, paint, and more. Separately metered for water, electric, and gas (not hooked up) mean recurring utility expenses for this excellent opportunity are close to zero. Private lane access runs with the property & includes 3 parking spaces that are rented out for add’l income.
$1.6m  $26,000
Hauula
54-220 Kaipapau Loop, Hauula
Multi-Family Home
$1,599,000  $26,000
Discover the perfect investment opportunity in Hauula! Located just a block from stunning beaches, this versatile multi-unit property offers incredible potential. The upstairs unit features a spacious 4-bed, 2-bath layout, while the ground level includes a separate studio, and a 3-bed, 1-bath unit—all with private entrances for maximum flexibility. Whether you're looking for multi-generational living or rental income, this property delivers. Enjoy the benefits of leased solar panels to help offset utility costs. Embrace the island lifestyle with breathtaking coastal views, gentle trade winds, and easy access to outdoor adventures. Don’t miss this rare chance to own a piece of paradise!
Multi-Family Home
$1,000,000
This listing is for 1207(parcel 32) & 1213C Palama (parcel 35). Must be sold together. Contains 3 structures. Back house is a 4 bdrm, 1 bath w/880 sf. Middle structure is a 2 story rooming house with 12 rooms, 2 showers, 4 toilets. Front structure is a 2 story with 4 bdrm, 1 bath downstairs and 3 bdrm, 1 bath upstairs. There is a 23 foot road widening setback on Palama street. Very conveniently located just 2 lots away from the Texaco Service station on Palama & Vineyard. This property needs a lot of work. But its a great location! Inactive and active real estate agent owners. Please drive by. Please don't bother tenants. We would prefer offers, subject to inspection. Assessed valued at: $1,494,0000! Open to offers.
Multi-Family Home
$10,235,000
Owning the entire 27th floor at the Ritz-Carlton Residences Waikiki Beach, specifically in the Diamond Head Tower, represents a pinnacle of luxury retreat to Hawaii. With sweeping views of the Pacific Ocean, Diamond Head Crater, and the Waikiki Skyline, the residence is perfectly positioned to offer both sunrise and sunset vistas. This full-floor residence provides unmatched privacy and exclusivity, consisting of 10 separate units of studios,1 bedrooms & 2 bedrooms. Featuring multiple bedrooms, spacious living areas, and spa-inspired bathrooms. Many of these homes are available fully furnished, making it effortless to move in, generate income through the hotel pool, or begin hosting guests. Beyond the residence, ownership comes with access to the Ritz-Carlton’s signature five-star service. This includes in-residence dining, daily housekeeping (in hotel pool), concierge services, valet parking, and access to world-class amenities like infinity pools, a fitness center, a full-service spa, and top-tier dining. The Diamond Head Tower’s location within Waikiki is unmatched, putting you steps away from high-end shopping, world-famous beaches, cultural landmarks, and vibrant nightlife.
Multi-Family Home
$13,650,000
Owning the entire 34th floor at the Ritz-Carlton Residences Waikiki Beach, specifically in the Diamond Head Tower, represents a pinnacle of luxury retreat to Hawaii. With sweeping views of the Pacific Ocean, Diamond Head Crater, and the Waikiki Skyline, the residence is perfectly positioned to offer both sunrise and sunset vistas. This full-floor residence offers unmatched privacy and exclusivity, consisting of 7 separate units of 1,2, & 3 bedrooms. The layout is expansive, featuring multiple bedrooms, spacious living areas, and spa-inspired bathrooms. Many of these homes are available fully furnished, making it effortless to move in, generate income through the hotel pool, or begin hosting guests. Beyond the residence, ownership comes with access to Ritz-Carlton’s signature five-star service. This includes in-residence dining, daily housekeeping, concierge services, valet parking, and access to world-class amenities like infinity pools, a fitness center, a full-service spa, and top-tier dining. The Diamond Head Tower’s location within Waikiki is unmatched, putting you steps away from high-end shopping, world-famous beaches, cultural landmarks, and vibrant nightlife.
Virtual Tour
$5.59m  $12,000
Kalama/cnut Grov
54 Maluniu Ave, Kailua
Multi-Family Home
$5,588,000  $12,000
PRICE REDUCTION! 5.5% cap rate on current income! This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units have dual-pane glass vinyl windows and balcony sliding doors, LED lighting, split AC units in bedrooms and living rooms, and individual full-size stacked LG washer-dryers located on the balconies. The 2 retail spaces benefit from a high visibility location in this upscale retail corridor. In addition to abundant street parking in the immediate area, there are 7 covered parking stalls. Located just moments from Whole Foods Market and Kailua Beach. This is a trophy, renovated asset in an incredibly desirable submarket where investment properties are rarely available for sale and could be “turnkey” for a buyer. The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates.
Virtual Tour
Oceanfront
Multi-Family Home
$1,750,000
OCEAN FRONTAGE WITH APPROVED SEA WALL! Do not walk/drive onto this property without permission from Listing Agent! Long Term Tenants are not to be disturbed! Mo to Mo Leases. Sandy Beach is seasonal. Perimeter Lava Rock Wall on some perimeters of property. 55 Linear feet of ocean frontage! Extremely desirable property at lower end of Ft. Weaver Road, turning onto Ewa Beach Road. 3 Residential Dwellings on property, all permitted. 2 Bedrm 1 Bath closest to street, 3 Bedrm 1 Bath in the middle with 150 SF detached covered lanai, and studio closest to ocean (this unit has newer sliding vinyl windows) 13,750 SF fee simple all level lot (250 X 55) NO ASSOCIATION AND NO ASSOCIATION FEE. Borders Beach Access Lane. All 3 properties can be easily renovated to today's standards. Get in on the ground floor with the "Gentrification" of the Neighborhood! Quite Amazing to See what is happening in this neighborhood! Listing Agent will meet all Sales Agents with their buyers. No showings without a pre-approval letter and proof of funds via a bank statement!
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