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Investment Highlights

  • Multifamily residential income property in Waianae.
  • Situated within an established residential neighborhood.
  • Two-story building constructed in 1924.
  • Access to Farrington Highway and local community services.

Executive Summary

85-35 Army St is a multifamily residential income property located in Waianae on Oahu's Leeward Coast. Publicly available listing information identifies the asset as a two-story residential income property with multiple dwelling units situated on approximately 0.16 acres. The property offers investors an opportunity to acquire an established residential asset in a coastal community with access to local retail services, neighborhood amenities, and shoreline recreation areas. Its location along Army Street places the property within an existing residential district that serves the surrounding Waianae population and provides connectivity to Farrington Highway, the area's primary transportation corridor.
Historical marketing materials and public records indicate the property has functioned as a multifamily investment property and has previously been marketed as an income-producing residential asset. The property's residential zoning and established improvements provide a foundation for continued rental operations, while the existing building configuration supports a variety of residential occupancy arrangements. Investors may find value in the property's long operating history, established neighborhood setting, and proximity to community services that support ongoing residential demand.
Waianae serves as one of the principal communities on Oahu's west coast and benefits from access to beaches, schools, local employers, and regional transportation routes. The property's location within an established residential area positions it to serve long-term housing demand while offering ownership of a tangible income-producing asset in Hawaii's limited land-supply market.

Attachments

Floor Plan

Property Facts

Sale Type Investment
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single-Family Home
Building Class A
Lot Size 0.16 AC
Building Size 3,295 SF
No. Stories 2
Year Built 1924
Parking Ratio 3/1,000 SF
Zoning R-5 - Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Ceiling Fans
  • Kitchen
  • Hardwood Floors

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 1 - 1,295
3+3 1 - 2,000
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
1-8-5-011-003-0000
Land Assessment
$472,400
Improvements Assessment
$398,500
Total Assessment
$870,900
  • Listing ID: 41565779

  • Date on Market: 8/5/2026

  • Last Updated:

  • Address: 85-35 Army St, Waianae, HI 96792

Contact the Sale Advisor

85-35 Army St

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