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Hawaii Multi-Family homes for sale

80 multi-family home for sale

$1.4m  $49,001
Kawaihau
4806 Iiwi Road, Kapaa
Multi-Family Home
$1,399,999  $49,001
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!
$8m
Kapio/kinau/ward
809 Kinau Street, Honolulu
Multi-Family Home
$8,000,000
You've driven by this property a million times, wondering if you could buy it. Now is your opportunity, as it's currently on the market. The property is well-maintained and has significant upside in rents and possible condo conversion. 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!
$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.
$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.
$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.
$2.99m  $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.
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