Real Estate Investment Properties for Sale in Waianae, HI

Looking for investment property in Waianae, HI with high ROI ?

Explore a variety of short-term homes & houses in Waianae, HI. Invest wisely with VRBO & Waianae, HI 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 Waianae, HI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
87-170 Maliona Street Waianae, HI Welcome to this single-level home featuring classic island charm with generous covered fro...	3 beds \| 1 baths \| 912 sq.ft.	$699,000	Airbnb cash on cash: 5.28% Traditional cash on cash: 2.85% Airbnb Rental Income: $5437 Traditional Rental Income: $2758 Airbnb ROI: 5.28% Traditional ROI: 2.85%
84-755 Ala Mahiku Street unit: 74B #74B Waianae, HI PRICE REDUCED BY $48,500. Now offered at $199,000! Don't miss this exceptional value to ow...	2 beds \| 1 baths \| 815 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.75% Airbnb Rental Income: $null Traditional Rental Income: $2479 Airbnb ROI: N/A Traditional ROI: 10.75%
87-149 Helelua Street unit: 3 #3 Waianae, HI Turnkey rental investment property available investor. Property was renovated and has had ...	4 beds \| 2 baths \| 1,302 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.89% Airbnb Rental Income: $null Traditional Rental Income: $3439 Airbnb ROI: N/A Traditional ROI: 9.89%
86-354 Hale Elua Street Waianae, HI A Must See! Welcome to this well-maintained and beautiful two-story home in Lualualei. Hom...	3 beds \| 3 baths \| 1,648 sq.ft.	$768,000	Airbnb cash on cash: 4.61% Traditional cash on cash: 3.94% Airbnb Rental Income: $5437 Traditional Rental Income: $3868 Airbnb ROI: 4.61% Traditional ROI: 3.94%
87-1540 Kuaha Street Waianae, HI New Year! New Price! Welcome in the New Year with a New Price Improvement on this beautifu...	3 beds \| 3 baths \| 1,152 sq.ft.	$690,000	Airbnb cash on cash: 5.32% Traditional cash on cash: 3.62% Airbnb Rental Income: $5437 Traditional Rental Income: $3248 Airbnb ROI: 5.32% Traditional ROI: 3.62%
87-122 Helelua Street unit: C103 #C103 Waianae, HI Great investment property. This 2/1 comes with 2 assigned parking stalls and is perfect fo...	2 beds \| 1 baths \| 666 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.42% Airbnb Rental Income: $null Traditional Rental Income: $2211 Airbnb ROI: N/A Traditional ROI: 9.42%
87-176 Maipalaoa Road #Q38 Waianae, HI Open to Non-Veterans and Veterans. VA Assumable with NO GAP! Experience the serenity of th...	4 beds \| 3 baths \| 1,500 sq.ft.	$573,000	Airbnb cash on cash: 8.55% Traditional cash on cash: 5.41% Airbnb Rental Income: $6592 Traditional Rental Income: $3623 Airbnb ROI: 8.55% Traditional ROI: 5.41%
84-965 Farrington Highway unit: B211 #B211 Waianae, HI Oceanfront living at its finest! Imagine walking to the sounds of the ocean and taking in ...	1 beds \| 1 baths \| 456 sq.ft.	$285,000	Airbnb cash on cash: 9.95% Traditional cash on cash: 5.89% Airbnb Rental Income: $4106 Traditional Rental Income: $2143 Airbnb ROI: 9.95% Traditional ROI: 5.89%
85-835 Piliuka Place Waianae, HI This four-bedroom, two-bath home sits on a generous lot featuring a large yard, complement...	4 beds \| 2 baths \| 1,200 sq.ft.	$720,000	Airbnb cash on cash: 6.47% Traditional cash on cash: 2.7% Airbnb Rental Income: $6592 Traditional Rental Income: $2775 Airbnb ROI: 6.47% Traditional ROI: 2.7%
84-891 Moua Street Waianae, HI Experience the ultimate island lifestyle with this rare beachfront property featuring two ...	4 beds \| 3 baths \| 1,562 sq.ft.	$1,750,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 1.14% Airbnb Rental Income: $6581 Traditional Rental Income: $4464 Airbnb ROI: 1.65% Traditional ROI: 1.14%
87-134 Helelua Street unit: A302 #A302 Waianae, HI Nice corner 2 bedroom, 1 Bath apartment in the Kahe Kai Complex with 2 assigned parking st...	2 beds \| 1 baths \| 666 sq.ft.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.49% Airbnb Rental Income: $null Traditional Rental Income: $2274 Airbnb ROI: N/A Traditional ROI: 9.49%
87-107 Kulaaupuni Street unit: 2 #2 Waianae, HI Welcome to this spacious 4-bedroom, 2.5-bath townhome in desirable Ho'omaika'i Village at ...	4 beds \| 3 baths \| 1,701 sq.ft.	$728,000	Airbnb cash on cash: 6.23% Traditional cash on cash: 4.04% Airbnb Rental Income: $6592 Traditional Rental Income: $3819 Airbnb ROI: 6.23% Traditional ROI: 4.04%
86-901 Moekahi Street Waianae, HI Welcome to your slice of paradise in Lualualei! This spacious 4-bedroom, 2-bath home offer...	4 beds \| 2 baths \| 1,296 sq.ft.	$644,000	Airbnb cash on cash: 7.4% Traditional cash on cash: 4.4% Airbnb Rental Income: $6592 Traditional Rental Income: $3502 Airbnb ROI: 7.4% Traditional ROI: 4.4%
84-537 Manuku Street Waianae, HI Surfs Up! Don't miss this outstanding opportunity to assume an exceptional 3.25% VA loan (...	3 beds \| 2 baths \| 960 sq.ft.	$599,950	Airbnb cash on cash: 6.26% Traditional cash on cash: 3.67% Airbnb Rental Income: $5425 Traditional Rental Income: $2882 Airbnb ROI: 6.26% Traditional ROI: 3.67%
87-119 Helelua Street unit: F204 #F204 Waianae, HI This corner unit is calling you! Welcome to Kahe Kai's unit F-204, where the views from bo...	2 beds \| 1 baths \| 666 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.01% Airbnb Rental Income: $null Traditional Rental Income: $2271 Airbnb ROI: N/A Traditional ROI: 10.01%
84-140 Water Street Waianae, HI Fully remodeled front 2 beds and 1 bath in 2022 and built 3 beds and 2 baths addition in 2...	5 beds \| 3 baths \| 1,777 sq.ft.	$920,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.57% Airbnb Rental Income: $null Traditional Rental Income: $4230 Airbnb ROI: N/A Traditional ROI: 3.57%
84-824 Fricke Street Waianae, HI Welcome to beautiful Makaha and true Hawai?i living - with no HOA! This home features soar...	3 beds \| 3 baths \| 1,560 sq.ft.	$1,100,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 2.48% Airbnb Rental Income: $5425 Traditional Rental Income: $3937 Airbnb ROI: 2.87% Traditional ROI: 2.48%
84-593 Nukea Street Waianae, HI Half a mile from world renowned Makaha Beach. Serene views of Makaha Valley and Mt. Ka'ala...	3 beds \| 2 baths \| 1,021 sq.ft.	$700,000	Airbnb cash on cash: 5.24% Traditional cash on cash: 3.64% Airbnb Rental Income: $5425 Traditional Rental Income: $3286 Airbnb ROI: 5.24% Traditional ROI: 3.64%
87-1041 Huamoa Street Waianae, HI Discover your slice of paradise in this charming 3-bedroom, 2-bathroom retreat. Step insid...	3 beds \| 2 baths \| 1,363 sq.ft.	$755,000	Airbnb cash on cash: 4.99% Traditional cash on cash: 3.27% Airbnb Rental Income: $5437 Traditional Rental Income: $3132 Airbnb ROI: 4.99% Traditional ROI: 3.27%
87-879 Apuupuu Road Waianae, HI Rare opportunity to own almost 4 1/2 acre of prime land in Waianae, Hawaii, offering excep...	5 beds \| 2 baths \| 1,192 sq.ft.	$1,777,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.13% Airbnb Rental Income: $null Traditional Rental Income: $2233 Airbnb ROI: N/A Traditional ROI: 0.13%
84-387 Jade Street Waianae, HI Make this your dream homestead on this spacious 1-acre lot. With a stone wall fronting the...	3 beds \| 2 baths \| 1,296 sq.ft.	$1,295,000	Airbnb cash on cash: 2.36% Traditional cash on cash: 2% Airbnb Rental Income: $5425 Traditional Rental Income: $3902 Airbnb ROI: 2.36% Traditional ROI: 2%
86-270 Leihoku Street Waianae, HI Completely renovated from top to bottom, this property was updated as a long term residenc...	4 beds \| 3 baths \| 1,745 sq.ft.	$950,000	Airbnb cash on cash: 4.61% Traditional cash on cash: 2.51% Airbnb Rental Income: $6592 Traditional Rental Income: $3443 Airbnb ROI: 4.61% Traditional ROI: 2.51%
87-126 Kulapa Place Waianae, HI Situated in the charming Sea Country community of Waianae, this short sale presents an exc...	4 beds \| 3 baths \| 1,335 sq.ft.	$675,000	Airbnb cash on cash: 6.99% Traditional cash on cash: 3.2% Airbnb Rental Income: $6592 Traditional Rental Income: $2920 Airbnb ROI: 6.99% Traditional ROI: 3.2%
84-757 Kiana Place unit: 6/21A #6/21A Waianae, HI This coveted first-floor "A" unit (2BR/1BA) is ideally located in one of the most tranquil...	2 beds \| 1 baths \| 815 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.96% Airbnb Rental Income: $null Traditional Rental Income: $2372 Airbnb ROI: N/A Traditional ROI: 6.96%
84-965 Farrington Highway unit: A502 #A502 Waianae, HI Price Reduction! Discover unparalleled beachfront living at Makaha Beach Cabanas on Papaon...	1 beds \| 1 baths \| 456 sq.ft.	$350,000	Airbnb cash on cash: 7.93% Traditional cash on cash: 2.87% Airbnb Rental Income: $4106 Traditional Rental Income: $1569 Airbnb ROI: 7.93% Traditional ROI: 2.87%
84-965 Farrington Highway unit: A604 #A604 Waianae, HI Oceanfront living on this white sand beach next to Mount Lahilahi. This condo was complete...	1 beds \| 1 baths \| 520 sq.ft.	$395,000	Airbnb cash on cash: 6.98% Traditional cash on cash: 2.44% Airbnb Rental Income: $4106 Traditional Rental Income: $1551 Airbnb ROI: 6.98% Traditional ROI: 2.44%
87-2131 Helelua Place unit: 8 #8 Waianae, HI Here's an opportunity that you don't want to miss! Newly available 4 bedroom, 1.5 bath spl...	4 beds \| 2 baths \| 1,276 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.22% Airbnb Rental Income: $null Traditional Rental Income: $2330 Airbnb ROI: N/A Traditional ROI: 7.22%
87-950 Kulauku Street Waianae, HI SHORT SALE, ACCEPTING ALL OFFERS. Freshly upgraded with NEW split AC units in every room a...	4 beds \| 3 baths \| 1,335 sq.ft.	$625,000	Airbnb cash on cash: 7.61% Traditional cash on cash: 3.5% Airbnb Rental Income: $6592 Traditional Rental Income: $2906 Airbnb ROI: 7.61% Traditional ROI: 3.5%
85-775A Waianae Valley Road Waianae, HI Sustainable homestead, multigenerational living...so many possibilities! Privacy down a lo...	N/A beds \| N/A baths \| N/A	$1,188,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 1.52% Airbnb Rental Income: $2869 Traditional Rental Income: $3019 Airbnb ROI: 0.78% Traditional ROI: 1.52%
84-561 Manuku Street Waianae, HI Great opportunity for a first time home buyer or those looking to downsize. Affordable sin...	4 beds \| 2 baths \| 1,219 sq.ft.	$650,000	Airbnb cash on cash: 7.42% Traditional cash on cash: 4.01% Airbnb Rental Income: $6581 Traditional Rental Income: $3225 Airbnb ROI: 7.42% Traditional ROI: 4.01%
84-674 Farrington Highway unit: 1 #1 Waianae, HI Large home that just needs interior work and drywall by a licensed contractor to complete....	4 beds \| 3 baths \| 2,197 sq.ft.	$525,000	Airbnb cash on cash: 8.98% Traditional cash on cash: 7.59% Airbnb Rental Income: $6581 Traditional Rental Income: $4613 Airbnb ROI: 8.98% Traditional ROI: 7.59%
84-674 Farrington Highway unit: 2 #2 Waianae, HI Large home that just needs interior work and drywall by a licensed contractor to complete....	4 beds \| 3 baths \| 2,281 sq.ft.	$525,000	Airbnb cash on cash: 8.97% Traditional cash on cash: 7.55% Airbnb Rental Income: $6581 Traditional Rental Income: $4599 Airbnb ROI: 8.97% Traditional ROI: 7.55%
84-664 Ala Mahiku Street unit: 37/180C #37/180C Waianae, HI End unit with no backyard neighbors is very desirable. The vaulted ceiling with additional...	2 beds \| 1 baths \| 815 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.65% Airbnb Rental Income: $null Traditional Rental Income: $2005 Airbnb ROI: N/A Traditional ROI: 4.65%
84-564 Manuku Street Waianae, HI Gorgeously Renovated Makaha Home Welcome to this beautifully renovated 3-bedroom, 1.5-bath...	3 beds \| 2 baths \| 960 sq.ft.	$649,000	Airbnb cash on cash: 5.76% Traditional cash on cash: 2.65% Airbnb Rental Income: $5425 Traditional Rental Income: $2450 Airbnb ROI: 5.76% Traditional ROI: 2.65%
84-781 Moua Street Waianae, HI OCEANFRONT! This is a rare opportunity to purchase an oceanfront property on over 14,000 s...	3 beds \| 1 baths \| 1,176 sq.ft.	$1,300,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 1.2% Airbnb Rental Income: $5425 Traditional Rental Income: $3219 Airbnb ROI: 2.12% Traditional ROI: 1.2%
87-1980 Pakeke Street unit: T-94 #T-94 Waianae, HI 4.5% VA ASSUMABLE LOAN AVAILABLE, ALMOST NO GAP...CALL/TEXT FOR MORE INFO. Welcome to this...	3 beds \| 2 baths \| 1,234 sq.ft.	$599,000	Airbnb cash on cash: 6.06% Traditional cash on cash: 4.64% Airbnb Rental Income: $5437 Traditional Rental Income: $3548 Airbnb ROI: 6.06% Traditional ROI: 4.64%
84-265 Farrington Highway unit: 310 #310 Waianae, HI Experience the best of coastal living at Makaha Shores! This beautifully upgraded 1-bedroo...	1 beds \| 1 baths \| 420 sq.ft.	$525,000	Airbnb cash on cash: 5.02% Traditional cash on cash: 2.51% Airbnb Rental Income: $4106 Traditional Rental Income: $2001 Airbnb ROI: 5.02% Traditional ROI: 2.51%
87-134 Makona Street Waianae, HI Step into modern luxury with this newly built single-level gem, offering a spacious 1,978 ...	4 beds \| 3 baths \| 1,978 sq.ft.	$850,000	Airbnb cash on cash: 5.23% Traditional cash on cash: 1.29% Airbnb Rental Income: $6592 Traditional Rental Income: $2182 Airbnb ROI: 5.23% Traditional ROI: 1.29%
84-485 FARRINGTON Highway Waianae, HI Rare Makaha beachfront estate on over 20,000 sq. ft. of R-10 zoned land spanning two CPR l...	N/A beds \| N/A baths \| N/A	$4,200,000	Airbnb cash on cash: -0.75% Traditional cash on cash: -0.64% Airbnb Rental Income: $2371 Traditional Rental Income: $2198 Airbnb ROI: -0.75% Traditional ROI: -0.64%
87-1976 Pakeke Street unit: N #N Waianae, HI Welcome home to this beautifully renovated gem in the highly desirable Holomoana at Sea Co...	3 beds \| 2 baths \| 1,234 sq.ft.	$580,000	Airbnb cash on cash: 6.23% Traditional cash on cash: 4.5% Airbnb Rental Income: $5437 Traditional Rental Income: $3404 Airbnb ROI: 6.23% Traditional ROI: 4.5%

Real Estate investment in Waianae, HI

There are 106 properties for sale in the city of Waianae . The median list price in Waianae is $580,000 and the average price per square foot is $470. In January 2026, the average monthly cash on cash return in Waianae is 3.00%. The average monthly rental income in Waianae is $3,431.

Waianae, HI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 106 investment properties available for sale in Waianae.

In 2026, the best neighborhood to buy investment property is Makaha.

The ROI for Short-Term is higher than the Long-Term in Waianae with average rental income of $5,431.

Your search for investment property begins and ends here

Investment Property for Sale in Waianae, HI

87-170 Maliona Street

Waianae, HI

3 beds | 1 baths | 912 sq.ft.

$699,000

Airbnb cash on cash: 5.28%

Traditional cash on cash: 2.85%

Airbnb Rental Income: $5437

Traditional Rental Income: $2758

Airbnb ROI: 5.28%

Traditional ROI: 2.85%

84-755 Ala Mahiku Street unit: 74B #74B

Waianae, HI

2 beds | 1 baths | 815 sq.ft.

$199,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.75%

Airbnb Rental Income: $null

Traditional Rental Income: $2479

Airbnb ROI: N/A

Traditional ROI: 10.75%

87-149 Helelua Street unit: 3 #3

Waianae, HI

4 beds | 2 baths | 1,302 sq.ft.

$310,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.89%

Airbnb Rental Income: $null

Traditional Rental Income: $3439

Airbnb ROI: N/A

Traditional ROI: 9.89%

86-354 Hale Elua Street

Waianae, HI

3 beds | 3 baths | 1,648 sq.ft.

$768,000

Airbnb cash on cash: 4.61%

Traditional cash on cash: 3.94%

Airbnb Rental Income: $5437

Traditional Rental Income: $3868

Airbnb ROI: 4.61%

Traditional ROI: 3.94%

87-1540 Kuaha Street

Waianae, HI

3 beds | 3 baths | 1,152 sq.ft.

$690,000

Airbnb cash on cash: 5.32%

Traditional cash on cash: 3.62%

Airbnb Rental Income: $5437

Traditional Rental Income: $3248

Airbnb ROI: 5.32%

Traditional ROI: 3.62%

87-122 Helelua Street unit: C103 #C103

Waianae, HI

2 beds | 1 baths | 666 sq.ft.

$200,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.42%

Airbnb Rental Income: $null

Traditional Rental Income: $2211

Airbnb ROI: N/A

Traditional ROI: 9.42%

87-176 Maipalaoa Road #Q38

Waianae, HI

4 beds | 3 baths | 1,500 sq.ft.

$573,000

Airbnb cash on cash: 8.55%

Traditional cash on cash: 5.41%

Airbnb Rental Income: $6592

Traditional Rental Income: $3623

Airbnb ROI: 8.55%

Traditional ROI: 5.41%

84-965 Farrington Highway unit: B211 #B211

Waianae, HI

1 beds | 1 baths | 456 sq.ft.

$285,000

Airbnb cash on cash: 9.95%

Traditional cash on cash: 5.89%

Airbnb Rental Income: $4106

Traditional Rental Income: $2143

Airbnb ROI: 9.95%