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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
84-575 Kili Drive #30 Waianae, HI Welcome to the beautiful gated community of Makaha Oceanview Estates! Enjoy the serenity o...	3 beds \| 2 baths \| 1,450 sq.ft.	$798,000	Airbnb cash on cash: 4.79% Traditional cash on cash: 3.38% Airbnb Rental Income: $5867 Traditional Rental Income: $3651 Airbnb ROI: 4.79% Traditional ROI: 3.38%
84-755 Ala Mahiku Street #74B Waianae, HI PRICE REDUCED BY $27,500. Now offered at $247,500! Donât miss this exceptional value to ...	2 beds \| 1 baths \| 815 sq.ft.	$247,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.49% Airbnb Rental Income: $null Traditional Rental Income: $2479 Airbnb ROI: N/A Traditional ROI: 8.49%
87-149 Helelua Street #3 Waianae, HI Great opportunity for investors or first-time buyers! This spacious 4-bedroom townhouse is...	4 beds \| 2 baths \| 1,302 sq.ft.	$345,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.88% Airbnb Rental Income: $null Traditional Rental Income: $3439 Airbnb ROI: N/A Traditional ROI: 8.88%
87-102 Kulaaupuni Street Waianae, HI Pride of ownership shines in this well-maintained 4-bedroom, 2-bath single-level homeâow...	4 beds \| 2 baths \| 1,200 sq.ft.	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.5% Airbnb Rental Income: $null Traditional Rental Income: $3478 Airbnb ROI: N/A Traditional ROI: 4.5%
87-122 Helelua Street #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 VA Assumable with Zero GAP! Experience the serenity of this beautifully upgraded Maili Bea...	4 beds \| 3 baths \| 1,500 sq.ft.	$579,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.35% Airbnb Rental Income: $null Traditional Rental Income: $3623 Airbnb ROI: N/A Traditional ROI: 5.35%
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: 1.51% Traditional cash on cash: 1.14% Airbnb Rental Income: $6306 Traditional Rental Income: $4464 Airbnb ROI: 1.51% Traditional ROI: 1.14%
87-914 Waapuhi Street Waianae, HI LIVE where others Vacation! You can imagine your very own slice of paradise w/ this beauti...	3 beds \| 2 baths \| 1,422 sq.ft.	$647,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.62% Airbnb Rental Income: $null Traditional Rental Income: $3694 Airbnb ROI: N/A Traditional ROI: 4.62%
87-176 Maipalaoa Road #D12 Waianae, HI Price Reduction!!! Motivated Sellers! An absolute MUST SEE, this spacious 1,500-square...	4 beds \| 3 baths \| 1,500 sq.ft.	$535,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.65% Airbnb Rental Income: $null Traditional Rental Income: $3154 Airbnb ROI: N/A Traditional ROI: 4.65%
87-107 Kulaaupuni Street #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.	$740,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.92% Airbnb Rental Income: $null Traditional Rental Income: $3819 Airbnb ROI: N/A Traditional ROI: 3.92%
84-755 Ala Mahiku Street #65A Waianae, HI Welcome home to Makaha Valley Plantation. This secure gated community offers a tennis cour...	2 beds \| 1 baths \| 815 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.99% Airbnb Rental Income: $null Traditional Rental Income: $2477 Airbnb ROI: N/A Traditional ROI: 7.99%
87-126 Helelua Street #D105 Waianae, HI Discover this beautiful, newly upgraded two-bedroom, one-bathroom bottom floor unit in Wai...	2 beds \| 1 baths \| 666 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.7% Airbnb Rental Income: $null Traditional Rental Income: $2269 Airbnb ROI: N/A Traditional ROI: 9.7%
87-119 Helelua Street #F204 Waianae, HI This corner unit is calling you! Welcome to Kahe Kaiâs unit F-204, where the views from ...	2 beds \| 1 baths \| 666 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.74% Airbnb Rental Income: $null Traditional Rental Income: $2271 Airbnb ROI: N/A Traditional ROI: 9.74%
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%
87-913 Kulauku Street Waianae, HI Assumable VA loan @ 5%! Seller open to NON VA assuming loan. NO MAINTENANCE FEE! This atta...	3 beds \| 3 baths \| 1,137 sq.ft.	$669,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.49% Airbnb Rental Income: $null Traditional Rental Income: $3070 Airbnb ROI: N/A Traditional ROI: 3.49%
87-154 Laiku Street Waianae, HI Welcome to Princess Kahanu Estates. A Hawaiian Home Lands Leasehold. Desirable 4 bedroom, ...	4 beds \| 3 baths \| 1,524 sq.ft.	$629,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.42% Airbnb Rental Income: $null Traditional Rental Income: $3890 Airbnb ROI: N/A Traditional ROI: 5.42%
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: 5.82% Traditional cash on cash: 3.64% Airbnb Rental Income: $5879 Traditional Rental Income: $3286 Airbnb ROI: 5.82% 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: N/A Traditional cash on cash: 3.27% Airbnb Rental Income: $null Traditional Rental Income: $3132 Airbnb ROI: N/A Traditional ROI: 3.27%
84-387 Jade Street Waianae, HI Make this your dream homestead on this spacious 1-acre lot. With a stone wall fronting th...	3 beds \| 2 baths \| 1,296 sq.ft.	$1,295,000	Airbnb cash on cash: 2.67% Traditional cash on cash: 2% Airbnb Rental Income: $5879 Traditional Rental Income: $3902 Airbnb ROI: 2.67% Traditional ROI: 2%
87-2156 Farrington Highway Waianae, HI Welcome to your dream coastal retreat! This stunning 3-bedroom, 2-bathroom home boasts bre...	3 beds \| 2 baths \| 976 sq.ft.	$599,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.36% Airbnb Rental Income: $null Traditional Rental Income: $2661 Airbnb ROI: N/A Traditional ROI: 3.36%
86-906 Hale Ekahi Drive Waianae, HI Experience the ultimate in extended family living with this beautifully remodeled corner l...	5 beds \| 3 baths \| 1,855 sq.ft.	$865,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.92% Airbnb Rental Income: $null Traditional Rental Income: $4230 Airbnb ROI: N/A Traditional ROI: 3.92%
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: N/A Traditional cash on cash: 3.2% Airbnb Rental Income: $null Traditional Rental Income: $2920 Airbnb ROI: N/A Traditional ROI: 3.2%
84-707 Kiana Place #107B Waianae, HI Welcome to Makaha Valley Plantation, nestled at the base of the majestic Makaha Mountain R...	2 beds \| 1 baths \| 815 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.63% Airbnb Rental Income: $null Traditional Rental Income: $1879 Airbnb ROI: N/A Traditional ROI: 3.63%
84-965 Farrington Highway #A502 Waianae, HI Price Reduction! Discover unparalleled beachfront living at Makaha Beach Cabanas on Papaon...	1 beds \| 1 baths \| 456 sq.ft.	$375,000	Airbnb cash on cash: 7.69% Traditional cash on cash: 2.61% Airbnb Rental Income: $4253 Traditional Rental Income: $1569 Airbnb ROI: 7.69% Traditional ROI: 2.61%
84-965 Farrington Highway #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.	$420,000	Airbnb cash on cash: 6.82% Traditional cash on cash: 2.24% Airbnb Rental Income: $4253 Traditional Rental Income: $1551 Airbnb ROI: 6.82% Traditional ROI: 2.24%
87-950 Kulauku Street Waianae, HI Freshly upgraded with NEW split AC units in every room and NO maintenance fee, this charmi...	4 beds \| 3 baths \| 1,335 sq.ft.	$715,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.94% Airbnb Rental Income: $null Traditional Rental Income: $2906 Airbnb ROI: N/A Traditional ROI: 2.94%
84-149 Makau Street Waianae, HI Isnât it time you made the move youâve been dreaming of? This spacious OCEANFRONT home...	4 beds \| 4 baths \| 3,358 sq.ft.	$1,999,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 1.31% Airbnb Rental Income: $6306 Traditional Rental Income: $4942 Airbnb ROI: 1.38% Traditional ROI: 1.31%
84-965 Farrington Highway #A308 Waianae, HI Makaha - one of Oahu's best kept secrets, is a quaint town on the west side of Oahu. Under...	1 beds \| 1 baths \| 456 sq.ft.	$335,000	Airbnb cash on cash: 8.72% Traditional cash on cash: 4.1% Airbnb Rental Income: $4253 Traditional Rental Income: $1904 Airbnb ROI: 8.72% Traditional ROI: 4.1%
87-184 Kulaaupuni Street #1 Waianae, HI MAILI GARDENS Welcome to this beautifully well maintained 5 Bedroom, 3 1/2 Bath move in re...	5 beds \| 4 baths \| 2,207 sq.ft.	$899,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.83% Airbnb Rental Income: $null Traditional Rental Income: $4452 Airbnb ROI: N/A Traditional ROI: 3.83%
87-184 Kulaaupuni Street #2 Waianae, HI New Development in the Maili neighborhood MAILI GARDENS. This stunning newly constructed s...	4 beds \| 3 baths \| 2,054 sq.ft.	$849,999	Airbnb cash on cash: N/A Traditional cash on cash: 4.49% Airbnb Rental Income: $null Traditional Rental Income: $4727 Airbnb ROI: N/A Traditional ROI: 4.49%
84-945 Alahele Street Waianae, HI Luxury Modern Retreat in the gated community of Mauna'Olu Estates. Enjoy over 2 acres of l...	4 beds \| 4 baths \| 3,661 sq.ft.	$2,998,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 0.2% Airbnb Rental Income: $6306 Traditional Rental Income: $3962 Airbnb ROI: 0.59% Traditional ROI: 0.2%
84-561 Manuku Street Waianae, HI OPEN HOUSE on SUN 9/14, 3-5 pm. Owner occupied so may not have many open houses. Great opp...	4 beds \| 2 baths \| 1,219 sq.ft.	$650,000	Airbnb cash on cash: 7.05% Traditional cash on cash: 4.01% Airbnb Rental Income: $6306 Traditional Rental Income: $3225 Airbnb ROI: 7.05% Traditional ROI: 4.01%
84-674 Farrington Highway #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: 8.52% Traditional cash on cash: 7.59% Airbnb Rental Income: $6306 Traditional Rental Income: $4613 Airbnb ROI: 8.52% Traditional ROI: 7.59%
84-674 Farrington Highway #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: 8.5% Traditional cash on cash: 7.55% Airbnb Rental Income: $6306 Traditional Rental Income: $4599 Airbnb ROI: 8.5% Traditional ROI: 7.55%
86-281 Hokuukali Place Waianae, HI 86-281 Hokuukali Place offers a well-maintained single-family home in the Lualualei area. ...	3 beds \| 3 baths \| 1,060 sq.ft.	$645,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.02% Airbnb Rental Income: $null Traditional Rental Income: $3143 Airbnb ROI: N/A Traditional ROI: 4.02%
85-042 Kaupuni Street Waianae, HI This beautifully renovated 3-bedroom, 2-bath single-level home, ideal for 1st time buyers ...	3 beds \| 2 baths \| 1,050 sq.ft.	$685,000	Airbnb cash on cash: 5.93% Traditional cash on cash: 1.94% Airbnb Rental Income: $5879 Traditional Rental Income: $2157 Airbnb ROI: 5.93% Traditional ROI: 1.94%
84-955 Hanalei Street Waianae, HI Recently updated entry level home. This home is tucked away down a long driveaway off of H...	3 beds \| 1 baths \| 780 sq.ft.	$594,000	Airbnb cash on cash: 7.02% Traditional cash on cash: 3.31% Airbnb Rental Income: $5879 Traditional Rental Income: $2653 Airbnb ROI: 7.02% Traditional ROI: 3.31%
89-298a Farrington Highway Waianae, HI Large Hawaiian Homelands property! 4 bedrooms, 3 bathrooms, newer built in 1995 with over ...	4 beds \| 3 baths \| 2,155 sq.ft.	$599,999	Airbnb cash on cash: N/A Traditional cash on cash: 6.19% Airbnb Rental Income: $null Traditional Rental Income: $4151 Airbnb ROI: N/A Traditional ROI: 6.19%
85-1122 Kepauala Place Waianae, HI E Komo Mai! Welcome to this slice of Hawaiian paradise, where the allure of island living ...	3 beds \| 2 baths \| 1,140 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.01% Airbnb Rental Income: $null Traditional Rental Income: $3291 Airbnb ROI: N/A Traditional ROI: 7.01%
84-664 Ala Mahiku Street #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%

Real Estate investment in Waianae, HI

There are 139 properties for sale in the city of Waianae . The median list price in Waianae is $522,450 and the average price per square foot is $430. In September 2025, the average monthly cash on cash return in Waianae is 4.00%. The average monthly rental income in Waianae is $3,378.

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

There are 139 investment properties available for sale in Waianae.

In 2025, the best neighborhood to buy investment property is Makaha Valley.

The ROI for Short-Term is higher than the Long-Term in Waianae with average rental income of $5,867.

Your search for investment property begins and ends here

Investment Property for Sale in Waianae, HI

84-575 Kili Drive #30

Waianae, HI

3 beds | 2 baths | 1,450 sq.ft.

$798,000

Airbnb cash on cash: 4.79%

Traditional cash on cash: 3.38%

Airbnb Rental Income: $5867

Traditional Rental Income: $3651

Airbnb ROI: 4.79%

Traditional ROI: 3.38%

84-755 Ala Mahiku Street #74B

Waianae, HI

2 beds | 1 baths | 815 sq.ft.

$247,500

Airbnb cash on cash: N/A

Traditional cash on cash: 8.49%

Airbnb Rental Income: $null

Traditional Rental Income: $2479

Airbnb ROI: N/A

Traditional ROI: 8.49%

87-149 Helelua Street #3

Waianae, HI

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

$345,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.88%

Airbnb Rental Income: $null

Traditional Rental Income: $3439

Airbnb ROI: N/A

Traditional ROI: 8.88%

87-102 Kulaaupuni Street

Waianae, HI

4 beds | 2 baths | 1,200 sq.ft.

$625,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.5%

Airbnb Rental Income: $null

Traditional Rental Income: $3478

Airbnb ROI: N/A

Traditional ROI: 4.5%

87-122 Helelua Street #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.

$579,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.35%

Airbnb Rental Income: $null

Traditional Rental Income: $3623

Airbnb ROI: N/A

Traditional ROI: 5.35%

84-891 Moua Street

Waianae, HI

4 beds | 3 baths | 1,562 sq.ft.

$1,750,000

Airbnb cash on cash: 1.51%

Traditional cash on cash: 1.14%

Airbnb Rental Income: $6306

Traditional Rental Income: $4464

Airbnb ROI: 1.51%

Traditional ROI: 1.14%

87-914 Waapuhi Street

Waianae, HI

3 beds | 2 baths | 1,422 sq.ft.

$647,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.62%

Airbnb Rental Income: $null

Traditional Rental Income: $3694

Airbnb ROI: N/A