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MLS: 202507831 (Active - For Sale)
 
Asking Price: $699,000 FS - Fee Simple
Type: Multi-Family
District: Leeward
Address: 87-118 Alapaki Street, Waianae, HI
Neighborhood: Maili
Land Area: 5,000 SF
View: Mountain
Parking: Assigned,Open,Unassigned
Amenities: Storage
Days on Market: 15
Year Built: 1942
Zoning: 05 - R-5 Residential District
Land Recorded: Regular System
Property Taxes: $169
Assessed Value: $580,500
Assessed Ratio: 120.41%
Listing Courtesy: Locations LLC
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All Multi-Family Homes For Sale in Maili


LEGAL non-conforming MULTIPLE DWELLING property a stone's throw from beautiful, white-sand Tumblelands beach! TWO DETACHED sturdy homes 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. *Monthly Property tax based on 2024 assessment.

1 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
220532305/30/200209/27/2002$67,500$67,500

1 Sold Properties Found (Last 12 months)
Description List Date Sold Date List Price Sold Price
0 Bed 0 Bath12/08/202403/11/2025$545,000$545,000
Average Price:  $545,000

 
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