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SOLD
MLS: 202505421
 
Asking Price: $599,000 FS - Fee Simple
Sold Price: $575,000
Sold Date: 02/02/2026
Type: Residential
District: Leeward
Address: 87-118 Alapaki Street, Waianae, HI
Neighborhood: Maili
Beds: 4   Baths: 2
Living Area: 1,245 SF
Style: Detach Single Family,Multiple Dwellings
Land Area: 5,000 SF
View: Mountain
Pool:
Parking: 2 Car,Driveway,Street
Amenities: Bedroom on 1st Floor,Full Bath on 1st Floor,Patio/Deck,Storage,Wall/Fence
Days on Market: 325
(The Price of the property was lowered by $100,000 on 11/19/2025)
Year Built: 1942
Zoning: 05 - R-5 Residential District
Land Recorded: Regular System
Property Taxes: $169,.31
Assessed Value: $580,500,.00
Assessed Ratio: 103.19%
Listing Courtesy: Locations LLC
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TWO DETACHED HOMES FOR THE PRICE OF ONE! 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.


 
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