Waianae Multi Family

87-118 Alapaki Street, Waianae, Oahu 96792 Get Directions

$649,000

 

Lot Size Area
5,000 SqFt
MLS #
202507831
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Overview

LEGAL non-conforming MULTIPLE DWELLING property a stone's throw from beautiful, white-sand Tumblelands beach! TWO DETACHED sturdy homes, with newly painted exteriors, located on one 5,000 sq. ft. lot (NOT A CPR) with separate electric meters (one water meter), separate walkways, individual water heater hookups, and separate fully-fenced yards. Potential CAP RATE about 6% with pro-forma rents of $1,800/mo and $2,200/mo respectively and insurance and property tax expenses. Front home 696 sq. ft., single wall construction with 3 bedrooms, 1 bath, newer roof (2019), kitchen, living room, driveway, storage, and mango and citrus trees. Back home: Approx. 329 sq. ft., double-wall construction with 1 bedroom, 1 bath, kitchen, living room, and huge porch. Perfect property for investors, multi-family, and owner occupant(s) that want to live in one home and rent out the other home. One range electrical outlet and one water heater need replacing. Close to Waianae Comp hospital, restaurants, beaches. Room counts and square footage in MLS do not match tax records: 1/2 bath and enclosed lanai not permitted. *Monthly Property tax based on 2024 assessment.

Property Details

Parking Total
2
Property Frontage
Other
Property Type
Residential Income
Status
Active
View
Mountain(s)
Year Built
1942

Location (Also shows similar listings) Get Directions

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Listing Courtesy of Locations LLC Courtesy of Melody L Rutherford, Locations LLC.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 by HiCentral MLS, Ltd.

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