Listing Image
MLS: 202611506 (Active - For Sale)
 
Asking Price: $1,950,000 FS - Fee Simple
Type: Multi-Family
District: Leeward
Address: 87-154 Kakalena Street, Waianae, HI
Neighborhood: Maili
Land Area: 0.69 Acres
Parking: Assigned,Open,Unassigned
Days on Market: 6
(The Price of the property was lowered by $193,050,000 on 06/12/2026)
Year Built: 1938
Easements: Other
Zoning: 00 - Residential
Land Recorded: Regular System
Property Taxes: $800
Assessed Value: $2,637,800
Assessed Ratio: 73.93%
Listing Courtesy: Team Real Estate, Inc.


Exceptional investment opportunity to acquire a six-unit residential portfolio consisting of six individual CPR units under separate TMKs (TMK 1-8-7-001-016: Units #2 through #7). This rare package offers investors the ability to purchase multiple income-producing units together under one ownership. The portfolio includes a mix of occupied and vacant units, providing immediate rental income with additional upside potential through leasing and future value enhancement. Each unit has its own designated TMK and may offer flexibility for future investment strategies. Individual units are also available for sale under separate MLS listings. Portfolio includes: * Unit #2 – TMK 1-8-7-001-016-0002 MLS#202604530 * Unit #3 – TMK 1-8-7-001-016-0003 MLS#202604539 * Unit #4 – TMK 1-8-7-001-016-0004 MLS#202604705 * Unit #5 – TMK 1-8-7-001-016-0005 MLS#202604713 * Unit #6 – TMK 1-8-7-001-016-0006 MLS#202604725 * Unit #7 – TMK 1-8-7-001-016-0007 MLS#202604727 A unique opportunity for investors seeking to expand their Hawaii real estate portfolio with a multi-unit residential investment.


 
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