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Hawaii Multi-Family homes for sale

74 multi-family home for sale

$2.4m
Kapio/kinau/ward
729 Kinau Street, Honolulu
Multi-Family Home
$2,400,000
For Sale: Rare Investment Opportunity – 20-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 20 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.
$1.4m  $101,000
Punaluu
53-388 Kamehameha Hwy, Hauula
Multi-Family Home
$1,399,000  $101,000
NEW PRICE!! A rare opportunity in beautiful Punalu'u! This unique property features two single-family homes on a generous 11,324 sq ft lot, directly across the street from a stunning sandy beach. Each home offers 3 bedrooms and 2 full baths, with updated kitchens and bathrooms that blend modern comfort with island charm. Beautiful large deck in the back of house A for relaxing or entertaining with beautiful mountain views. Full size washer and dryer in units. Two separate electrical meters and one water meter. Whether you're looking for a multi-generational setup, an investment opportunity, or your own slice of paradise, this property delivers flexibility and value. Live in one and rent out the other, or enjoy strong rental income from both. With ample parking for multiple vehicles, guests, or even a boat, this beachside gem is perfect for those seeking both lifestyle and practicality. Don't miss out on this incredible opportunity!
$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!
$1.95m  $100,000
Kamehameha Heights
1313 Ahiahi Street, Honolulu
Multi-Family Home
$1,950,000  $100,000
Great return on a perfect starter building! All hollow tile, 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. Don't miss out on this investment gem! Buyer to accept survey.
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
$3,888,888
Three properties to be sold together. 1935 9th Ave, TMK: 3-4-001-009 (Lot-15,644 sf), 1944 10th Ave, TMK: 3-4-001-126(Lot - 4,988 sf) and 1944 10th Ave Apt A, TMK: 3-4-001-041 (Lot - 8,136 sf). The three lots total approximately 28,768 sf on R-5 zoning with two street frontages along 9th Ave and 10th Ave. All improvements to be sold in "As Is" condition. Listing Agent to be On Site for all showings. Please do not disturb tenants.
Multi-Family Home
$3,888,888
Three properties to be sold together. 1944 10th Ave Apt A, TMK: 3-4-001-041 (Lot - 8,136 sf), 1935 9th Ave, TMK: 3-4-001-009 (Lot-15,644 sf) and 1944 10th Ave, TMK: 3-4-001-126(Lot - 4,988 sf). The three lots total approximately 28,768 sf on R-5 zoning with two street frontages along 9th Ave and 10th Ave. All improvements to be sold in "As Is" condition. Listing Agent to be On Site for all showings. Please do not disturb tenants.
Multi-Family Home
$3,888,888
Three properties to be sold together. 1944 10th Ave with 1-DWELLING, TMK: 3-4-001-126 (Lot - 4,988 sf), 1935 9th Ave, TMK: 3-4-001-009 (Lot - 15,644 sf) with 3-DWELLINGS and 1944 10th Ave Apt A, TMK: 3-4-001-041 (Lot - 8,136 sf) with 1-DWELLING. The three lots total approximately 28,768 sf on R-5 zoning with two street frontages along 9th Ave and 10th Ave. All improvements to be sold in "As Is" condition. Listing Agent to be On Site for all showings. Please do not disturb tenants.
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
$5.6m  $290,000
Kalama/cnut Grov
54 Maluniu Ave, Kailua
Multi-Family Home
$5,600,000  $290,000
5.22% 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.
Multi-Family Home
$1,550,000
Don’t Miss Out on this stellar location mid-way between town and world-famous North Shore Oahu with excellent visibility along Kamehameha Highway, allowing for minimal vacancies. Perfect starter investment with great income at existing rents and room to increase to market. Two structures: 1 story structure is 1 three-bed and 1 one-bed unit; 2 story structure is 3 one-beds downstairs and 2 two-beds upstairs. 5 stalls w 4 covered parking and tandem stalls available (so possible 9 total). All units separately metered for electric; owner pays water/sewer. No gas. C&C trash pickup, all units have hookups, but opportunity to add coin laundry machines for more income. Not in a flood zone, so no flood insurance requirement.
Virtual Tour
$1.99m  $98,000
Kapahulu
735 Lukepane Ave, Honolulu
Multi-Family Home
$1,990,000  $98,000
Don’t miss this fantastic opportunity to own in A-2 zoning with four 2 bdrm/1 bath units in a 2-story fourplex and two 1 bdrm/1 bath units in a 1-story duplex in the Kapahulu neighborhood. Situated on an almost 7,400 sq. ft. lot, the freshly painted structures have one-for-one parking and separate electric metered units that present an amazing investment opportunity! Conveniently located near parks, beaches and Waikiki with an abundance of restaurants, shopping and entertainment. Hurry this one won’t last!
$3.99m  $592,000
Waikiki
2517 Ala Wai Blvd, Honolulu
Multi-Family Home
$3,988,000  $592,000
Waikiki Apartment complex with 19 units in two building on Ala Wai Blvd. with 7 one bedrooms and 7 studios, 5 units nonconforming. Bill 7 development with approximately 37 units possible. Resident manager occupies a 1-bedroom unit. Showing by appointment only with Buyer's Agent present. Do not disturb tenant occupants. Short distance from famous Waikiki Beach and convenient bus line. Buyer to do Due Diligence.
Multi-Family Home
$2,500,000
A rarely available, well-maintained, walk-up apartment building near UH Manoa that is NOT in a flood zone is a significant saving. The building is solid concrete but not on stilts. It sits on a larger-than-average lot size (over 10,000 SF.!), which allows for additional parking, more land appreciation, and less future structural maintenance. Not only is the land vast for a 6-unit building, but the units are more significant, with the 2-bed units averaging 700 SF and the 1-bed unit approximately 550 SF. The ground-floor units have private/fenced backyard areas, while the second-level apartments have city views. Don't let your investor miss out on this building. The rents are pro forma based on HUD.GOV fair market rents.
Multi-Family Home
$5,000,000
Tucked away on a quiet McCully side-street, 2009 Waiola Street is a wonderful 11-unit investment opportunity in an ultra-convenient location. This property includes 3 structures; a single level, 2-unit structure that includes yard space, plus two separate 2-story units, with room for parking for each unit. The property is partially tenanted. Inquire for rental performance. Great location nearby McCully shopping center, plus easy access to UH Manoa, Ala Moana area, freeways, and more. Interior photos represent the condition of 1 of the 11 units, available for showings.
$1.5m  $13,500,000
Lualualei
86-842 Lualualei Homestead Road, Waianae
Multi-Family Home
$1,500,000  $13,500,000
Rarely Available 5 Acre parcel in Lualualei Valley. Zoned AG-1 (Restricted Agriculture) Wonderful opportunity awaits! Added Bonus- there is Solar farm rental income with approx. 7 years left on the term. There are three existing dwellings on the property as well. Buyer will have to be prepared to install a new water line to residential properties and possibly a new water meter to utilize ag use rates. Buyer and Buyer's agent to do own due diligence. The number of dwellings and square footage does not agree with current city tax records. Income will be updated shortly. Property to be sold "AS IS". Please call your agent to schedule a showing today!
$1.43m  $174,000
Punchbowl-lower
1402 Lusitana Street, Honolulu
Multi-Family Home
$1,425,000  $174,000
UPDATE - Seller is remodeling one downstairs unit to be another rental property - adding an additional $2,000-$2,300 per month! Cash-flowing property in the heart of Honolulu. Located across the street from Queen's Medical Centre and minutes away from many government buildings, this property is highly desirable. There is a mix of business and residential with a strong rental history. A great opportunity to own a Fee Simple property with 1 business unit & 4 residential units. Dont let this one pass because opportunity does not knock twice. Easy access to the major streets and seconds from H1 make the commute very convenient. Residential units consist of ONE 3 bedroom and three 2 bedroom units. 2 residential units are located upstairs and below is an established convenience store and 2 rental units. It has 2 parking spaces. Come get this before it's gone. Please do not disturb tenants.
$1.25m
Waipahu-lower
94-769 Haakoa Place, Waipahu
Multi-Family Home
$1,250,000
Solid CMU base multi-family fully-rented investment property consisting of (4)-2Bdrm Units and (6)Parking spaces. Individual electric meters and each unit has own laundry area. Located behind Servco Toyota Waipahu, minutes to the rail station, Tanioka's, restaurants, and various other shops.
Multi-Family Home
$3,995,000
Solid highly desirable concrete 4 story Building, 10 Units (9 One-Bedroom & 1 Three-Bedroom) with 12 parking stalls. Located in the heart of Moiliili and conveniently located near restaurants, shopping, schools, Waikiki, UH Manoa, Ala Moana and close to bus route. Annual Expenses Include: GET, Property Taxes, Electric, Water/Sewer, Gas & Yard Maintenance. 100 Percent Occupied - Please do not walk on property or disturb Tenants. Buyer to accept existing survey report and map performed by Leaps and Boundaries, Inc. dated June 23, 2020.
$3.18m  $200,000
Makiki Area
1125 Hassinger Street, Honolulu
Multi-Family Home
$3,180,000  $200,000
A prime multifamily investment opportunity in the strongest rental neighborhoods, Makiki, Honolulu. The 13-unit building consisting of 12 (studios) & 1 (1bd/1ba) unit has a current gross income of $223K/year. The owner has completed improvements such as new windows, flooring, exterior and interior paint, and entry doors. Tenants have access to a common laundry area. There are 5 parking stalls on-site. Utilities are the owner's responsibility as there is only one house meter, for electricity, water, and gas. Within proximity to Safeway Beretania, post office, bust routes, and freeway access.
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!
Multi-Family Home
$3,950,000  $90,000
Approximately 4% cap rate, rental income is pro forma. Built 2015 AMX-2 zoning with many possibilities . Investor delights in Prime location on Kapiolani Blvd with low maintenance. Currently rent as 6 separated units. This sales including TMK 123-034-019-0001, 123-034-018-0002, 123-034-019-0003. Three detached CPR houses .Front & middle houses have Five bedroom/3baths(3/2 up 2/1 down) and the back house has three bedroom three bath(2/1 up 1/1 down), Stucco exteriors and two cars garages. Each home features a spacious interior with a separated entrance. Walking distance to the world-famous Ala Moana Shopping Center, Beach Park, and yacht club. Across from McCully Shopping Center with all the eatery & Conveniently close to Waikiki, with easy access to restaurant multiple bus stops, and the convention center, These properties can be sold individually or as a package. All interior photos were taken before tenants moved in. All lease PV paid off by sellers. parking for every unit.
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