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87-118 Alapaki Street, Waianae, HI 96792

Listing Information

Price $649,000 Property Type Single Family
MLS Number 202505421 Land Tenure Fee Simple
Area Leeward Address 87-118 Alapaki Street, Waianae, HI 96792
Beds 4 Baths 2
Interior Sq. Ft. 1245 ft² Land Sq. Ft. 5000 ft²
Lanai Sq. Ft. N/A Year Built 1942
Maintenance Fee View Mountain
Public Remarks LEGAL non-conforming Two-Homes-One-One-Lot property a stone's throw from beautiful, white-sand Tumblelands beach! Live in one and rent the other to help pay the mortgage. Both detached homes have newly painted exteriors and are 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. Front home 916 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 lanai. 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. Potential CAP RATE about 6% with pro-forma rents of $1,800/mo and $2,200/mo respectively and insurance and property tax expenses.

MAP

Based on the information from the Multiple Listing Service of HiCentral MLS, Ltd.
Listings last updated on Sunday, August 03, 2025. Information herein deemed reliable, but not guaranteed.
Copyright © 2025 by HiCentral MLS, Ltd.
Listing courtesy of Locations LLC | Broker contact: (808) 690-9555

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