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Hawaii Multi-Family homes for sale

71 multi-family home for sale

Multi-Family Home
$9,800,000
You've probably driven by this property a million times and its finally on the market for sale! 30 one-bedroom/one-bath units plus 2 commercial units with 40 parking stalls! HUGE 21,410 square foot BMS-3 zoned parcel in the McCully/Moiliili neighborhood between Isenberg and McCully Streets! Roughly half the units have been remodeled. One unit had a recent fire, has been gutted and waiting for the insurance company's contractor to start the renovations. Currently fully occupied except for the unit that had the fire. Income and expenses are proforma. Separate electrical meters with individual water heaters. No washer/dryers currently on premises.
Multi-Family Home
$3,500,000
TO BE SOLD with Adjacent Property (Parcel 117-19-7), MLS #202426340 Combined, these properties offer 19 income-generating 2-bedroom, 1-bath units on 26,941 square feet of A-1 zoned land centrally located in Downtown Honolulu. An incredible investment opportunity for the right developer, creative investor, or contractor! Prime development opportunity on high-income property with potential high-rise (please consult with buyer's architect). This parcel currently includes 3 apartment buildings with 14 of the 2-bedroom, 1-bath units, and a vacant lot approximately (35 foot by 30). 14 WATER & GAS & ELECTRIC METER (TENANT REPONSIBLE FOR ALL UTILITIES). It provides privacy while being close to bus lines and shopping, restaurants, downtown business districts, easy to access H-1 freeway (East and West). The property is being sold as-is. Don’t miss out on this rare find—it’s a great buy with endless potential!
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Multi-Family Home
$2,350,000
TO BE SOLD with Adjacent Property (Parcel 117-19-8), MLS #202426382. Combined, these properties offer 19 income-generating 2-bedroom, 1-bath units on 26,941 square feet of A-1 zoned land centrally located in Downtown Honolulu. An incredible investment opportunity for the developer, creative investor, or/and contractor! Prime development opportunity on high-income property with potential high-rise (please consult with buyer's architect). This specific parcel includes five plantation-style cottages, each with 2 bedrooms and 1 bath. It provides privacy while being close to bus lines, shopping, restaurants, easy access H-1 freeways (East and West), downtown business districts. The property (5 single family dwellings) is being sold as-is (1 WATER METER, 5 ELECTIC METERS, AND APPROX. 1-2 GAS METERS). Don’t miss out on this rare find—it’s a great buy with amazing potentials on apartment zoning!
$1.39m
Waipahu-lower
94-323 Pupuole St, Waipahu
Multi-Family Home
$1,390,000
This beautiful solid hollow tile walk-up building offers 6-2 bedroom units with 6 parking, located close to shopping, restaurant, public transit, and school. Unit #2 & #3 have been renovated with new range/stove, refrigerator recently. Unit #3 is vacant with lockbox. All units are separately metered for electricity. There is one water meter. Please call listor for additional details or any questions.
Multi-Family Home
$5,000,000
This 3-story walkup, built in 1970 using hollow tile, offers 12 2-bedroom, 1-bath units & 18 parking stalls. All apartments feature a full-size washer and dryer on the patio, & many units are equipped w/ window air conditioners in the bedroom. Ceiling fans are standard in all units, offering comfort & air circulation. Improvements to the interior & exterior have significantly upgraded the property. In 2017, the owner invested $250,000 in interior enhancements for all units, including the installation of modern cabinetry, new flooring, & stylish window treatments. Renovations of late to some of the units include the installation of luxury vinyl plank flooring. Between 2018 and 2020, impressive exterior enhancements were performed. These included asphalt reconstruction of the parking area w/fresh striping & wheel stops, spalling work on the building's exterior, & waterproofing of the open staircase & concrete eyebrows on both the Diamond Head and Ewa side of the building. The roof received special attention with the application of a Tropical Silicone coating and the installation of galvanized cap flashing, a new roof hatch, safety anchors and rail guards.
$1.16m
Kahei Houselots
55-492 Ilina Pl, Kamuela
Multi-Family Home
$1,158,000
Location, Location, Location! Just a five-minute walk to Hawi's downtown restaurants, shopping, and services, this charming remodeled Plantation home offers multiple living options with four self-contained units. Designed for comfort and functionality, the property reflects the style of North Kohala Plantation days. The mature fruit trees and well-maintained landscaping create a picturesque, tranquil setting. The layout maximizes living space while ensuring privacy for each unit, with tasteful plantation finishes that speak to old Hawaii's charm and elegance. Main house was remodeled into three units. Upstairs 2bd/1.5ba features granite kitchen counters, stainless steel appliances, Kohler bath fixtures, and ceiling fans throughout, with abundant airflow and enchanting views. The ground floor 1bd/1ba unit boasts an eat-in kitchen and lovely natural light with views of the lush garden. At the back, an efficient 1bd/1ba apartment offers easy maintenance and cozy living. Back cottage, remodeled in 2018, included new roof framing, corrugated metal roofing, and major kitchen and bath upgrades. Priced for investors at a 6.5% cap rate. Seller financing, 40% down, P & I, 5 year term.
Multi-Family Home
$2,899,000
Great Waikiki investment property! Don't miss this opportunity to own this nice property on a quiet one-way street in a prime area. The area offers many conveniences, such as shops, grocery stores, and restaurants, and is just a short walk to the beach. There have been many upgrades for efficiency, including plumbing, electrical, tankless water heaters, and windows. The property is completely fenced for security, including an updated automatic driveway gate. There are also four standard-size parking stalls in the back of the property and coin- operated laundry units, which offer additional income. Please do not visit the property or disturb the tenants without an appointment. Info provided may not match Tax Records.
Multi-Family Home
$2,323,000
Located near UH, bus stops, and a freeway entrance, this fully occupied multi-family property at 2827B Waialae Ave presents an excellent investment opportunity. It includes five 2-bedroom apartments ideal for student rentals, plus a spacious 3-bedroom unit perfect for owner occupancy or additional rental income. Equipped with Ring Spotlight cameras, the property offers added security and peace of mind for tenants. The listing price is $2,323,000, based on the 2018 purchase price, adjusted for property taxes and six years of compounded loan interest. Interest rates were applied at 4% for the first two years, 5% for the next two, and 6% for the final two years, adding $589,205.79 to the original purchase price of $1,733,710.08. This property is a rare opportunity for rental income and growth potential in an ideal location.
Virtual Tour
Multi-Family Home
$5,340,000
Solidly and meticulously constructed in 2022 with exceptional care by the builder-owner, this complex consists of two attached duplex structures totaling four dwelling units: one unit with 3 bedrooms and 3 baths rented for $3500/m, and the other three units with 4 bedrooms and 3 baths rented for $4200/m each. Each dwelling includes an attached two-car garage, making this property ideal for investors or families alike. Centrally located in the Ala Moana district at the corner of King and Piikoi Streets, this complex is within close proximity to Ala Moana Shopping Center, restaurants, supermarkets, bus routes, hospitals, schools, and all the amenities the City of Honolulu has to offer. The complex is fronted by a city mini-park with a basketball court, providing additional recreational space. This property represents a rare opportunity for those looking to invest in the entire complex or just own a single dwelling as one’s home in the heart of Honolulu, a world-renowned city.
Virtual Tour
Multi-Family Home
$2,425,000
Experience the epitome of Hawaii living in this multi-family home boasting breathtaking views of Kaneohe Bay embraced by the majestic Ko’olau mountains from the living room, kitchen & primary suite. Nestled on a private lane adorned with well-maintained custom residences and underground electricity, this residence w/ new roof provides a versatile layout, featuring a 3 bed / 2 bath upstairs, and a lower-level 1 bed / 1 bath suite complete with its own kitchenette, den, living area and two entrances, one private. The two units connect via an internal staircase. With an expansive 4-car garage, the possibilities abound. Relish in the gentle tradewind breezes and panoramic vistas of Kaneohe Bay, Coconut Island, and the Ko'olau Mountain range from your elevated second-story lanai, living room, dining area and spacious primary suite. Just a leisurely 30-seconds to the pristine shores of Kaneohe Bay or a quick 5-minute drive to the renowned Kailua Beach, indulge in the best of coastal living. The home is located on the border between Kailua and Kaneohe, situated within the desirable Kailua school district, while allowing for an effortless commute to Honolulu via the nearby H3 access.
Multi-Family Home
$1,800,000
Prime corner lot in the Kaka`ako Special District on main artery, blocks from Ala Moana Center with 6 units: 1 three, 3 twos, 2 ones. Currently used by a non-profit that is expanding, so property taxes are super low. All income and expenses are pro forma, and Seller may wish to lease back the property while they find a new home. Request flyer for pro forma income/expenses, rental comparable analysis, and sales comps, along with more property information. Nice layout with existing laundry facilities can easily be converted to coin machines for more income. All units separately metered for electric, multiple gas meters, one water meter.
Virtual Tour
Multi-Family Home
$2,750,000
A remarkable opportunity awaits in the heart of Waimanalo! Spanning 1.1 acres, this expansive lot features five single-family homes in different conditions, each equipped with its own cesspool. This rare property presents incredible potential for contractors, developers, or those envisioning a multi-generational family compound. Nestled against the dramatic backdrop of Mount Olomana, this serene location offers not only breathtaking mountain views but also a peaceful, private setting. The possibilities are endless—whether you dream of renovating, rebuilding, or developing to create your own oasis. Situated just moments from pristine Waimanalo beaches and a short drive to the vibrant town of Kailua, this property offers the best of both worlds: rural tranquility with easy access to amenities. Don’t miss out on this unique chance to own a slice of paradise in one of Oahu’s most scenic and desirable locations. Endless potential and rare beauty await!
Multi-Family Home
$2,000,000
Great income producing property! Consisting of 7 units: 4 studios and 3 one bedroom/one bath with 2 car carport. Ample street parking and close to bus lines. Owner replaced all of the posts and beams under the house as this is a post and pier construction. One studio has been fully renovated and one has been partially renovated. The other units are in fair condition. Exterior was recently painted with the addition of concrete stairs, fences and gates. Most of the rents are under market. Owner experimented with fully renovating a unit and the rent was increased from $950 to $1400! This is a significant increase with a small investment for renovation.
Multi-Family Home
$3,750,000
PRIME CORNER LOT PERFECT FOR BILL 7 CONSIDERATION! This large 10,000+ sf corner lot has convenient access to public transportation, the freeway, University of Hawaii and local schools. The apartment building has eight 2-bedroom/1-bath units with mostly long-term tenants who have benefited from under-market rents. The majority of tenants are on month-to-month rental. Here’s an opportunity to upgrade units to maximize income. Or rebuild, taking advantage of the City & County’s Bill 7 and Bill 3. Buyers to do their own due diligence regarding these programs and the significant concessions available to builders. Priced at commercial appraisal dated July 10, 2024. Do not disturb tenants or walk on the property without a prior appointment.
Multi-Family Home
$4,900,000
Charming building with timeless, stunning tile facade in the heart of Waikiki--a sparkling jewel to add to your portfolio with excellent income and covered parking. Huge 3 bed, 2 bathPenthouse and 14 one-bedrooms, and all units separately metered for electric, one water meter, hollow tile construction, and nice, spacious units, each with its own patio/balcony. Refurbished railings and all interiors have been redone with high end, durable tile and upgraded bathrooms and kitchens. Camera security. Monthly rent from parking and coin laundry with machines leased from WASH = extra income. Buyer to accept existing survey performed by Towill, Shigeoka & Associates Inc. on December 18, 2021. 260' height limit, should you want to redevelop.
Virtual Tour
Multi-Family Home
$2,190,000
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.
$2.3m  $200,000
Kapahulu
3554 Trousseau Street, Honolulu
Multi-Family Home
$2,300,000  $200,000
Price Reduced!Four houses on Historic Property on rare corner lot near Diamond Head Rd and Monsarrat Ave. Also near KCC and Diamond Head Theater. Nice views of Diamond Head. All four houses are always rented. Tenants pay all utilities except water. Sprinkler system is installed, huge mango trees. Tax is just $300.00 per year because of historic status of over 10 years. This area of Kapahulu has sidewalks. Listing agent is owner.
$1.94m
Coconut Grove
703 Kihapai Place, Kailua
Multi-Family Home
$1,939,000
A2 zoned 6,000sq ft lot with two duplexes (4 units total, current total rental income $8,675 per month) just a few blocks away from Kailua town. Beautiful mountain views and Maunawilli stream frontage. Walking distance to shops and restaurants, easy access to the Pali Highway. Each unit is a 2bed/ 1bath. 4 electric meters, recently applied for permitting to upgrade all 4 electric meters to 100amp each. One water meter, recently upgraded all water supply lines to copper. The average rent per unit currently is approx $2,169/month. Some rents are below market value. Great tenants, all of them currently are on month-to-month leases and would love to stay. Current monthly expenses: $400 water, $75 yard service, $179 insurance. GE tax $390, property tax $436 per month. Zoning allows for a wide variety of development ideas with one of the lowest tax rates available in Hawaii. Sellers might do 1031 Exchange. Listor is a licensed real estate broker and one of the owners. Multiple tenants, please allow enough time to arrange it when scheduling a showing. Proof of funds/ pre-approval is requested before showing. Please do not disturb the tenants. Also listed in Single Family MLS#202421899.
$1.88m  $111,000
Aiea Area
98-165 Aiea Kai Way, Aiea
Multi-Family Home
$1,877,000  $111,000
Two oceanfront properties on over 14000 sq. ft. fee simple land. The two-story house boasts 3 spacious bedrooms and 3.5 bathrooms including a covered garage and a large covered patio. The single-level home has 3 bedrooms and 1.5 baths with its own covered patio. Both homes present the rare opportunity to enjoy breathtaking views of landmarks such as Arizona Memorial, the USS Missouri and Ford Island. Your backyard extends into Pacific Ocean, inviting you to fish and crab from your own backyard. Convenient to Pearlridge, Pearl Kai Center, Pali Momi Medical Center, and freeways. An extraordinary offering, this sale includes 2 oceanfront homes both having undergone CPR process in 2012. Reside in a home while generating income by renting out the other, or comfortably accommodate extended family. You have the opportunity renovate to your lifestyle. Includes: 98-165 A Aiea Kai Way and 98-165 Aiea Kai Way. To be sold "As Is" and via 1031 Exchange. Listor/owner. All information taken from sources deemed to be reliable, but not guaranteed and may differ from tax records. Agents and Buyers must independently verify any and all information they deem material or important to their purchase.
Oceanfront
$1.88m  $111,000
Aiea Area
98-165 A Aiea Kai Way, Aiea
Multi-Family Home
$1,877,000  $111,000
NEW PRICE. Two oceanfront properties on over 14000 sq. ft. fee simple land. The two-story house boasts 3 spacious bedrooms and 3.5 bathrooms including covered garage and a large patio. The single-level home has 3 bedrooms and 1.5 baths with covered patio. Both homes present the rare opportunity to enjoy breathtaking views of landmarks such as Arizona Memorial, the USS Missouri and Ford Island. Your backyard extends into the Pacific Ocean, inviting you to fish and crab from your own backyard. Convenient to Pearlridge, Pearl Kai Center, Pali Momi Medical Center, and freeways. An extraordinary offering, this sale includes 2 oceanfront homes both having undergone CPR process in 2012. Reside in a home while generating income by renting out the other, or comfortably accommodate extended family. You have the opportunity renovate to your lifestyle. Includes: 98-165 A Aiea Kai Way and 98-165 Aiea Kai Way. To be sold "As Is" and via 1031 Exchange. Listor/owner. All information taken from sources deemed to be reliable, but not guaranteed and may differ from tax records. Agents and Buyers must independently verify any and all information they deem material or important to their purchase.
Virtual Tour
Oceanfront
OPEN Nov 24, 1pm-4pm
Multi-Family Home
$1,799,000
Oceanfront 4-Plex Investment in Kaneohe! An exceptional investment opportunity awaits with this oceanfront 4-plex in Kaneohe, offering four 1-bedroom, 1-bathroom units, each with separate electric meters and outdoor storage. Fully rented and generating steady income, this property is perfect for investors seeking a turnkey opportunity in a prime location. With direct ocean access, tenants can enjoy kayaking, paddleboarding, and serene views of Kaneohe Bay. Seller intends to sell together with neighboring single-family home as a package, MLS 202423481, TMK: 1-4-7-017-013. Imagine waking up to the gentle sound of the ocean, enjoying serene sunrises over Kaneohe Bay, and having direct access to the water for kayaking, paddleboarding, or just relaxing by the shore. Conveniently located near shops, dining, and outdoor activities, this oceanfront package offers the best of Hawaii’s lifestyle and is an exceptional investment opportunity. Don’t miss your chance to own these prime oceanfront assets in one of Oahu’s most desirable areas! Click link for more pictures, videos and floor plans!
Multi-Family Home
$1,895,000
Amazing opportunity to buy a lot in Waikiki. Improvements are near tear down. Contractor, builder or developer can turn this property into a great new asset. Waikiki is a special district. Waikiki is an iconic destination. Restaurants, beaches, night life and more. Bring your developers by this gem. This is a commercial sale where no Seller's Real Property Disclosure will be provided. Rarely does an apartment zone lot come on the market in Waikiki. Act fast as this lot wont last long. Viewing of homes from exterior/outside "only." Homes are old and unsafe to enter.
$2.25m  $250,000
Punchbowl-lower
1420 Ward Ave, Honolulu
Multi-Family Home
$2,250,000  $250,000
PRICE IMPROVEMENT! Prime investment opportunity - proforma 6.26% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development. Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.
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