Real Estate Investment Properties for Sale in Hawaii

Looking for investment property in Hawaii with high ROI ?

Explore a variety of short-term homes & houses in Hawaii. Invest wisely with VRBO & Hawaii Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Hawaii

Q: Which city in Hawaii to invest in for highest ROI on long term rental properties in 2026

In 2026, Pahoais the best city to buy investment properties. Find more investment properties today!

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5333 Likini Street #110 Honolulu, HI A rare value opportunity in a secure, gated community. This newly upgraded and renovated g...	2 beds \| 1 baths \| 955 sq.ft.	$550,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 0.92% Airbnb Rental Income: $4381 Traditional Rental Income: $2877 Airbnb ROI: 2.06% Traditional ROI: 0.92%
1088 Bishop Street unit: 1126 Honolulu, HI Located in the heart of Downtown Honolulu, 1088 Bishop Street #1126 offers a unique opport...	1 beds \| 1 baths \| 774 sq.ft.	$400,000	Airbnb cash on cash: -4.77% Traditional cash on cash: -3.1% Airbnb Rental Income: $2001 Traditional Rental Income: $2105 Airbnb ROI: -4.77% Traditional ROI: -3.1%
235 Portlock Road Honolulu, HI Tucked behind a private gate in prestigious Portlock, this extensively rebuilt residence o...	5 beds \| 6 baths \| 4,736 sq.ft.	$5,600,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.37% Airbnb Rental Income: $null Traditional Rental Income: $10125 Airbnb ROI: N/A Traditional ROI: 0.37%
2499 Kapiolani Boulevard #2703 Honolulu, HI This beautiful 2-bedroom, 2-bathroom unit offers breathtaking views of Diamond Head and th...	2 beds \| 2 baths \| 829 sq.ft.	$558,000	Airbnb cash on cash: 5.35% Traditional cash on cash: 4.36% Airbnb Rental Income: $4528 Traditional Rental Income: $3067 Airbnb ROI: 5.35% Traditional ROI: 4.36%
1740 S Beretania Street #9 Honolulu, HI Discover refined island living in this elegant 2-bedroom, 2.5-bathroom residence located i...	2 beds \| 3 baths \| 1,938 sq.ft.	$1,500,000	Airbnb cash on cash: -2.27% Traditional cash on cash: -1.05% Airbnb Rental Income: $4528 Traditional Rental Income: $5290 Airbnb ROI: -2.27% Traditional ROI: -1.05%
4218 Kaimanahila Street Honolulu, HI Enjoy a luxury island lifestyle in this gorgeous DH residence on Kaimanahila St! Built in ...	4 beds \| 6 baths \| 4,832 sq.ft.	$6,180,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.35% Airbnb Rental Income: $null Traditional Rental Income: $9316 Airbnb ROI: N/A Traditional ROI: 0.35%
4504 Kahala Avenue Honolulu, HI This home is an exceptional buy for the Kahala market. Priced below replacement cost for t...	5 beds \| 8 baths \| 8,325 sq.ft.	$6,998,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.34% Airbnb Rental Income: $null Traditional Rental Income: $9988 Airbnb ROI: N/A Traditional ROI: -0.34%
223 Saratoga Road #3603 Honolulu, HI Experience unparalleled luxury at Ka La'i Waikiki Beach #3603 where five-star living meets...	2 beds \| 3 baths \| 1,673 sq.ft.	$2,000,000	Airbnb cash on cash: -2.68% Traditional cash on cash: -2.47% Airbnb Rental Income: $5382 Traditional Rental Income: $4688 Airbnb ROI: -2.68% Traditional ROI: -2.47%
421 Olohana Street #702 Honolulu, HI Lanikea at Waikiki stands as one of Waikiki's most established and sought-after luxury con...	2 beds \| 2 baths \| 1,023 sq.ft.	$825,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 1.37% Airbnb Rental Income: $5382 Traditional Rental Income: $4181 Airbnb ROI: 1.52% Traditional ROI: 1.37%
1717 Ala Wai Boulevard #2010 Honolulu, HI Priced to sell! Don't miss this incredible opportunity to own a 3-bedroom, 2-bath unit in ...	3 beds \| 2 baths \| 1,130 sq.ft.	$670,000	Airbnb cash on cash: 8.67% Traditional cash on cash: 3.88% Airbnb Rental Income: $8039 Traditional Rental Income: $3519 Airbnb ROI: 8.67% Traditional ROI: 3.88%
2345 Ala Wai Boulevard #1917 Honolulu, HI Located in the heart of Waikiki, this 2-bedroom condo at Fairway Villa offers both comfort...	2 beds \| 2 baths \| 723 sq.ft.	$590,000	Airbnb cash on cash: 6.16% Traditional cash on cash: 3.6% Airbnb Rental Income: $5382 Traditional Rental Income: $2889 Airbnb ROI: 6.16% Traditional ROI: 3.6%
2500 Kalakaua Avenue #903 Honolulu, HI Live the beachfront lifestyle in this beautifully updated 1-bedroom, 1-bath condo at Foste...	1 beds \| 1 baths \| 805 sq.ft.	$1,100,000	Airbnb cash on cash: -1.32% Traditional cash on cash: -0.38% Airbnb Rental Income: $2376 Traditional Rental Income: $2758 Airbnb ROI: -1.32% Traditional ROI: -0.38%
2575 Kuhio Avenue #1202 Honolulu, HI Crescent Park at 2575 Kuhio Avenue- 2 blocks from Waikiki Beach-presents a compelling oppo...	2 beds \| 2 baths \| 1,118 sq.ft.	$349,000	Airbnb cash on cash: 5.17% Traditional cash on cash: 2.45% Airbnb Rental Income: $5382 Traditional Rental Income: $3405 Airbnb ROI: 5.17% Traditional ROI: 2.45%
7018 Hawaii Kai Drive #312 Honolulu, HI Welcome to this beautifully refreshed, corner-end residence in the highly desirable East H...	3 beds \| 3 baths \| 1,461 sq.ft.	$958,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.44% Airbnb Rental Income: $null Traditional Rental Income: $3657 Airbnb ROI: N/A Traditional ROI: 1.44%
2161 Kalia Road unit: 1112 Honolulu, HI Rarely available high-floor 1 bed/1 bath unit with spectacular ocean views in the only pri...	1 beds \| 1 baths \| 706 sq.ft.	$2,000,000	Airbnb cash on cash: -1.59% Traditional cash on cash: -1.18% Airbnb Rental Income: $2376 Traditional Rental Income: $2543 Airbnb ROI: -1.59% Traditional ROI: -1.18%
223 Saratoga Road #1622 Honolulu, HI This is the finest and most prestigious Hotel Residence in Hawaii. Relax and enjoy the ult...	1 beds \| 1 baths \| 744 sq.ft.	$1,450,000	Airbnb cash on cash: -1.94% Traditional cash on cash: -1.4% Airbnb Rental Income: $2376 Traditional Rental Income: $2508 Airbnb ROI: -1.94% Traditional ROI: -1.4%
2500 Kalakaua Avenue #1604 Honolulu, HI Modern, clean, and move-in ready 2-bedroom, 2-bath condo ideally located on Kalakaua Avenu...	2 beds \| 2 baths \| 1,138 sq.ft.	$1,395,000	Airbnb cash on cash: 1.9% Traditional cash on cash: 1.3% Airbnb Rental Income: $5382 Traditional Rental Income: $3529 Airbnb ROI: 1.9% Traditional ROI: 1.3%
2421 Tusitala Street #501 Honolulu, HI This VA approved, pet friendly property, has upgrades which includes brand new weather res...	1 beds \| 1 baths \| 590 sq.ft.	$299,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 1.23% Airbnb Rental Income: $2376 Traditional Rental Income: $2053 Airbnb ROI: 0.3% Traditional ROI: 1.23%
2999 Kalakaua Avenue #202 Honolulu, HI Seller is offering $12,000 credit to Buyer at closing. This oceanfront condo on O'ahu's Go...	1 beds \| 1 baths \| 755 sq.ft.	$1,599,000	Airbnb cash on cash: -1.25% Traditional cash on cash: -0.8% Airbnb Rental Income: $2376 Traditional Rental Income: $2465 Airbnb ROI: -1.25% Traditional ROI: -0.8%
1710 Makiki Street 307 Honolulu, HI E Komo Mai to Punahou Hale- where central urban convenience meets lush, quiet residential ...	1 beds \| 1 baths \| 400 sq.ft.	$300,000	Airbnb cash on cash: 3.12% Traditional cash on cash: 4.86% Airbnb Rental Income: $1829 Traditional Rental Income: $1829 Airbnb ROI: 3.12% Traditional ROI: 4.86%
1314 Kalakaua Avenue #1214 Honolulu, HI Open this Saturday 2-4pm. Come home to One Kalakaua Senior Living, 55+, one of the Premier...	1 beds \| 1 baths \| 477 sq.ft.	$245,000	Airbnb cash on cash: -8.47% Traditional cash on cash: -6.38% Airbnb Rental Income: $2347 Traditional Rental Income: $2250 Airbnb ROI: -8.47% Traditional ROI: -6.38%
2333 Kapiolani Boulevard #1008 Honolulu, HI AWARD WINNING AWARD MARCO. POLO 2 PARKING. LIKE 3 BEDROOM extra room for family or investm...	2 beds \| 2 baths \| 930 sq.ft.	$409,000	Airbnb cash on cash: 4.17% Traditional cash on cash: 1.73% Airbnb Rental Income: $4528 Traditional Rental Income: $2650 Airbnb ROI: 4.17% Traditional ROI: 1.73%
4882 Kilauea Avenue #2 Honolulu, HI Nestled along the desirable slopes of Waialae Nui Ridge, this well-maintained residence of...	2 beds \| 2 baths \| 1,032 sq.ft.	$638,000	Airbnb cash on cash: 2.65% Traditional cash on cash: 1.85% Airbnb Rental Income: $4476 Traditional Rental Income: $3065 Airbnb ROI: 2.65% Traditional ROI: 1.85%
430 Lewers Street #2801 Honolulu, HI Discover a RARE FIND in the heart of Waikiki-this upgraded, spacious 2-bedroom, 2-bath...	2 beds \| 2 baths \| 1,098 sq.ft.	$698,000	Airbnb cash on cash: 5.16% Traditional cash on cash: 3.72% Airbnb Rental Income: $5382 Traditional Rental Income: $3360 Airbnb ROI: 5.16% Traditional ROI: 3.72%
229 Paoakalani Avenue unit: 1405(Nuc) Honolulu, HI This unit is part of a Hotel Pool managed by Aston Hotel Rental Program. All showings are ...	1 beds \| 1 baths \| 546 sq.ft.	$649,000	Airbnb cash on cash: -1.11% Traditional cash on cash: -0.21% Airbnb Rental Income: $2376 Traditional Rental Income: $2337 Airbnb ROI: -1.11% Traditional ROI: -0.21%
445 Kaiolu Street #1109 Honolulu, HI Experience the convenience of Waikiki living in what will be your personally designed, 11t...	1 beds \| 1 baths \| 477 sq.ft.	$213,100	Airbnb cash on cash: -0.21% Traditional cash on cash: 1.45% Airbnb Rental Income: $2376 Traditional Rental Income: $2127 Airbnb ROI: -0.21% Traditional ROI: 1.45%
1778 Ala Moana Boulevard unit: Ph14 Honolulu, HI Rarely available, this stunning penthouse unit at Discovery Bay offers breathtaking views ...	2 beds \| 2 baths \| 1,564 sq.ft.	$1,199,000	Airbnb cash on cash: -0.46% Traditional cash on cash: -1.15% Airbnb Rental Income: $5382 Traditional Rental Income: $3523 Airbnb ROI: -0.46% Traditional ROI: -1.15%
430 Kaiolu Street #207 Honolulu, HI This property is located within walking distance to beaches, bars, restaurants, and shops....	1 beds \| 1 baths \| 625 sq.ft.	$425,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 1.97% Airbnb Rental Income: $2376 Traditional Rental Income: $2253 Airbnb ROI: 0.81% Traditional ROI: 1.97%
417 Nohonani Street unit: 212 Honolulu, HI PRICE REDUCED TO $85,000 FOR LEGAL SHORT-TERM RENTAL located in the heart of Waikiki with ...	1 beds \| 1 baths \| 468 sq.ft.	$85,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 2.77% Airbnb Rental Income: $2376 Traditional Rental Income: $1955 Airbnb ROI: 0.81% Traditional ROI: 2.77%
75-665 KULA KAI PL Kailua Kona, HI Located within the exclusive 13-lot enclave of Kula Kai Estates, this exceptional property...	4 beds \| 3 baths \| 2,696 sq.ft.	$2,575,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 0.48% Airbnb Rental Income: $4478 Traditional Rental Income: $4763 Airbnb ROI: -0.03% Traditional ROI: 0.48%
75-5787 LOPEKA PL Kailua Kona, HI Well-built, charming, and bright 3-bedroom, 2-bath home with an open-concept layout and gr...	3 beds \| 2 baths \| 1,800 sq.ft.	$915,000	Airbnb cash on cash: 1% Traditional cash on cash: 2.46% Airbnb Rental Income: $3445 Traditional Rental Income: $3919 Airbnb ROI: 1% Traditional ROI: 2.46%
78-6842 ALII DR unit: 1201 Kailua Kona, HI Fresh paint and new luxury flooring were recently installed. An End Unit with bridge acces...	2 beds \| 2 baths \| 1,527 sq.ft.	$750,000	Airbnb cash on cash: -2.17% Traditional cash on cash: 0.59% Airbnb Rental Income: $2456 Traditional Rental Income: $3786 Airbnb ROI: -2.17% Traditional ROI: 0.59%
69-1648 PUAKO BEACH DR Kamuela, HI An excellent value in an Island location everyone dreams about! Currently an active vacati...	3 beds \| 3 baths \| 2,520 sq.ft.	$6,315,000	Airbnb cash on cash: -1.88% Traditional cash on cash: -1.35% Airbnb Rental Income: $1800 Traditional Rental Income: $4431 Airbnb ROI: -1.88% Traditional ROI: -1.35%

Real Estate investment in Hawaii

There are 4,091 properties available for sale in the state of Hawaii. Pahoa, Volcano and Keaau are the best rental property markets in Hawaii. The average median price of properties for sale in these cities are $421,667 and the average price per square foot is $0. Their average monthly cash on cash return is 6.33%.

Hawaii Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 4,091 investment properties available for sale in Hawaii.

In 2026, Pahoa is the best city to buy investment properties. Find more investment properties today!

In 2026, Pahoa (8%) and Volcano (6%) has the highest cash on cash return for long term rentals in Hawaii.

Your search for investment property begins and ends here

Investment Property for Sale in Hawaii

5333 Likini Street #110

Honolulu, HI

2 beds | 1 baths | 955 sq.ft.

$550,000

Airbnb cash on cash: 2.06%

Traditional cash on cash: 0.92%

Airbnb Rental Income: $4381

Traditional Rental Income: $2877

Airbnb ROI: 2.06%

Traditional ROI: 0.92%

1088 Bishop Street unit: 1126

Honolulu, HI

1 beds | 1 baths | 774 sq.ft.

$400,000

Airbnb cash on cash: -4.77%

Traditional cash on cash: -3.1%

Airbnb Rental Income: $2001

Traditional Rental Income: $2105

Airbnb ROI: -4.77%

Traditional ROI: -3.1%

235 Portlock Road

Honolulu, HI

5 beds | 6 baths | 4,736 sq.ft.

$5,600,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.37%

Airbnb Rental Income: $null

Traditional Rental Income: $10125

Airbnb ROI: N/A

Traditional ROI: 0.37%

2499 Kapiolani Boulevard #2703

Honolulu, HI

2 beds | 2 baths | 829 sq.ft.

$558,000

Airbnb cash on cash: 5.35%

Traditional cash on cash: 4.36%

Airbnb Rental Income: $4528

Traditional Rental Income: $3067

Airbnb ROI: 5.35%

Traditional ROI: 4.36%

1740 S Beretania Street #9

Honolulu, HI

2 beds | 3 baths | 1,938 sq.ft.

$1,500,000

Airbnb cash on cash: -2.27%

Traditional cash on cash: -1.05%

Airbnb Rental Income: $4528

Traditional Rental Income: $5290

Airbnb ROI: -2.27%

Traditional ROI: -1.05%

4218 Kaimanahila Street

Honolulu, HI

4 beds | 6 baths | 4,832 sq.ft.

$6,180,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.35%

Airbnb Rental Income: $null

Traditional Rental Income: $9316

Airbnb ROI: N/A

Traditional ROI: 0.35%

4504 Kahala Avenue

Honolulu, HI

5 beds | 8 baths | 8,325 sq.ft.

$6,998,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.34%

Airbnb Rental Income: $null

Traditional Rental Income: $9988

Airbnb ROI: N/A

Traditional ROI: -0.34%

223 Saratoga Road #3603

Honolulu, HI

2 beds | 3 baths | 1,673 sq.ft.

$2,000,000

Airbnb cash on cash: -2.68%

Traditional cash on cash: -2.47%

Airbnb Rental Income: $5382

Traditional Rental Income: $4688

Airbnb ROI: -2.68%