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
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.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.02% Airbnb Rental Income: $null Traditional Rental Income: $3439 Airbnb ROI: N/A Traditional ROI: 9.02%
87-1540 Kuaha Street Waianae, HI Welcome to this Beautiful Single-Family Home in Makalae in Sea Country! This charming 3 be...	3 beds \| 3 baths \| 1,152 sq.ft.	$695,000	Airbnb cash on cash: 5.28% Traditional cash on cash: 3.59% Airbnb Rental Income: $5437 Traditional Rental Income: $3248 Airbnb ROI: 5.28% Traditional ROI: 3.59%
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 Open to Non-Veterans and Veterans. VA Assumable with Zero GAP! Experience the serenity of ...	4 beds \| 3 baths \| 1,500 sq.ft.	$579,000	Airbnb cash on cash: 8.46% Traditional cash on cash: 5.35% Airbnb Rental Income: $6592 Traditional Rental Income: $3623 Airbnb ROI: 8.46% 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%
87-134 Helelua Street #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 #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 offe...	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%
84-755 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%
87-119 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.	$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%
84-665 Ala Mahiku Street #149A Waianae, HI Highly desirable ground floor condo with spacious Lanai and rare washer/dryer in the unit....	2 beds \| 1 baths \| 815 sq.ft.	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.38% Airbnb Rental Income: $null Traditional Rental Income: $2538 Airbnb ROI: N/A Traditional ROI: 9.38%
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%
87-133 Pelanaki Street Waianae, HI Situated on a quiet dead end street, this property is just waiting for your creative touch...	4 beds \| 2 baths \| 1,200 sq.ft.	$605,000	Airbnb cash on cash: 8.01% Traditional cash on cash: 3.54% Airbnb Rental Income: $6592 Traditional Rental Income: $2781 Airbnb ROI: 8.01% Traditional ROI: 3.54%
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: 5.8% Traditional cash on cash: 3.64% Airbnb Rental Income: $5867 Traditional Rental Income: $3286 Airbnb ROI: 5.8% 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%
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: 2.66% Traditional cash on cash: 2% Airbnb Rental Income: $5867 Traditional Rental Income: $3902 Airbnb ROI: 2.66% Traditional ROI: 2%
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%
84-707 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.	$350,000	Airbnb cash on cash: 8.5% Traditional cash on cash: 2.87% Airbnb Rental Income: $4333 Traditional Rental Income: $1569 Airbnb ROI: 8.5% Traditional ROI: 2.87%
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.	$395,000	Airbnb cash on cash: 7.49% Traditional cash on cash: 2.44% Airbnb Rental Income: $4333 Traditional Rental Income: $1551 Airbnb ROI: 7.49% Traditional ROI: 2.44%
87-2131 Helelua Place #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 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: 6.53% Traditional cash on cash: 2.94% Airbnb Rental Income: $6592 Traditional Rental Income: $2906 Airbnb ROI: 6.53% Traditional ROI: 2.94%
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: 5.21% Traditional cash on cash: 4.49% Airbnb Rental Income: $6592 Traditional Rental Income: $4727 Airbnb ROI: 5.21% Traditional ROI: 4.49%
84-561 Manuku Street Waianae, HI Next OPEN HOUSE will be on SUN 11/16 from 2-5 pm. Owner occupied so may not have many open...	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.	$575,000	Airbnb cash on cash: 6.86% Traditional cash on cash: 4.63% Airbnb Rental Income: $5437 Traditional Rental Income: $3143 Airbnb ROI: 6.86% Traditional ROI: 4.63%
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: 5.92% Traditional cash on cash: 1.94% Airbnb Rental Income: $5867 Traditional Rental Income: $2157 Airbnb ROI: 5.92% Traditional ROI: 1.94%
84-955 Hanalei Street Waianae, HI Nestled down a fully-fenced flag lot, in a rare 2 home CPR, awaits a charming, one level h...	3 beds \| 1 baths \| 780 sq.ft.	$558,000	Airbnb cash on cash: 7.51% Traditional cash on cash: 3.59% Airbnb Rental Income: $5867 Traditional Rental Income: $2653 Airbnb ROI: 7.51% Traditional ROI: 3.59%
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: 9.81% Traditional cash on cash: 7.01% Airbnb Rental Income: $5437 Traditional Rental Income: $3291 Airbnb ROI: 9.81% 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%
84-564 Manuku Street Waianae, HI Gorgeously Renovated Makaha Home ! Welcome to this beautifully renovated 3-bedroom, 1.5-ba...	3 beds \| 2 baths \| 960 sq.ft.	$675,000	Airbnb cash on cash: 6.14% Traditional cash on cash: 2.56% Airbnb Rental Income: $5867 Traditional Rental Income: $2450 Airbnb ROI: 6.14% Traditional ROI: 2.56%
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: 2.43% Traditional cash on cash: 1.2% Airbnb Rental Income: $5867 Traditional Rental Income: $3219 Airbnb ROI: 2.43% Traditional ROI: 1.2%
87-366 Kulawae Street Waianae, HI Welcome to Pualani at Maili Sea Country! This beautifully maintained 3 bdrm, 2.5 bath deta...	3 beds \| 3 baths \| 1,137 sq.ft.	$794,000	Airbnb cash on cash: 4.52% Traditional cash on cash: 3.61% Airbnb Rental Income: $5437 Traditional Rental Income: $3671 Airbnb ROI: 4.52% Traditional ROI: 3.61%
87-1980 Pakeke Street #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 #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: 5.41% Traditional cash on cash: 2.51% Airbnb Rental Income: $4333 Traditional Rental Income: $2001 Airbnb ROI: 5.41% Traditional ROI: 2.51%
87-1950 Pakeke Street #F Waianae, HI VA Assumption available at 3%. Welcome to your dream home, perfectly situated on a pictu...	3 beds \| 2 baths \| 1,312 sq.ft.	$570,000	Airbnb cash on cash: 6.43% Traditional cash on cash: 5.2% Airbnb Rental Income: $5437 Traditional Rental Income: $3688 Airbnb ROI: 6.43% Traditional ROI: 5.2%
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...	5 beds \| 3 baths \| 2,246 sq.ft.	$4,200,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.64% Airbnb Rental Income: $null Traditional Rental Income: $2198 Airbnb ROI: N/A Traditional ROI: -0.64%

Real Estate investment in Waianae, HI

There are 125 properties for sale in the city of Waianae . The median list price in Waianae is $547,700 and the average price per square foot is $466. In November 2025, the average monthly cash on cash return in Waianae is 4.00%. The average monthly rental income in Waianae is $3,294.

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

There are 125 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 $5,437.

Your search for investment property begins and ends here

Investment Property for Sale in Waianae, HI

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.

$340,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.02%

Airbnb Rental Income: $null

Traditional Rental Income: $3439

Airbnb ROI: N/A

Traditional ROI: 9.02%

87-1540 Kuaha Street

Waianae, HI

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

$695,000

Airbnb cash on cash: 5.28%

Traditional cash on cash: 3.59%

Airbnb Rental Income: $5437

Traditional Rental Income: $3248

Airbnb ROI: 5.28%

Traditional ROI: 3.59%

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: 8.46%

Traditional cash on cash: 5.35%

Airbnb Rental Income: $6592

Traditional Rental Income: $3623

Airbnb ROI: 8.46%

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%

87-134 Helelua Street #A302

Waianae, HI

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 #2

Waianae, HI

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%