94-246 Aniani Pl

$2,343,563
Price
16
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Amazing and unbelievable 8% CAP rate which is unheard of on Oahu! Owner did all the hard work so you can take over a turn key operation. All 8 units have been completely renovated, all units rewired from the meter, new rough in plumbing, new supply lines, descaled sewer line, exterior paint, new fuses including GFCI circuit breakers, new outlets, switches, and light fixtures, rebuilt stairs and rails. You can pay 40%-60% more for a similar building in town but the rents are not proportionally higher...Amazing and unbelievable 8% CAP rate which is unheard of on Oahu! Owner did all the hard work so you can take over a turn key operation. All 8 units have been completely renovated, all units rewired from the meter, new rough in plumbing, new supply lines, descaled sewer line, exterior paint, new fuses including GFCI circuit breakers, new outlets, switches, and light fixtures, rebuilt stairs and rails. You can pay 40%-60% more for a similar building in town but the rents are not proportionally higher so it is a no brainer that there is value in Waipahu!
  1. Listed by Marc T Kumai • License #RB-18403 • Ivy K Realty, LLC • (808) 591-5660

Property Details for 94-246 Aniani Place

View
None
Zoning
12 - A-2 Medium Density Apartme
Neighbourhood
WAIPAHU-LOWER
Flood Zone
Zone X
Stories/Levels
Two
Land Tenure
FS - Fee Simple
LISTING UPDATED: 10/15/2025 11:27 AM

Property Details for 94-246 Aniani Place

StatusActive
MLS #202521549
Days on Market75
Taxes$408 / month
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1961
Lot Size0.18 AC / 7,876 SF
CountyHonolulu County

Location

Listing Courtesy of Ivy K Realty, LLC, Marc T Kumai, License #RB-18403
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Building Information for 94-246 Aniani Place

Stories-Residences8Year Built1961Building Size-Lot Size0.18 AC / 7,876 SF

Payment Calculator

$11,988 per month

30 year fixed, 6.28% Interest

Principal and Interest

$11,580

Property Taxes

$408

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 94-246 Aniani Place

Summary
Location and General Information
  • Topography: Level
  • City: Waipahu
  • County Or Parish: Oahu
  • State Or Province: HI
Taxes and HOA Information
  • Tax Amount: $408.00
  • Tax Assessed Value: $1,401,200.00
  • Tax Assessed Value Improvements: $350,600.00
  • Tax Assessed Value Land: $1,050,600.00
  • Tax Year: 2025
  • Parcel Number: 1-9-4-025-027-0000
  • HOA YN: No
Parking
  • Parking Features: Assigned, Open
  • Parking Total: 8
  • Other Parking Features: None
Virtual Tour
Property
Lot Information
  • Property Sub Type: Multi-Family
  • Property Type: Multi-Family
  • Land Recorded: Regular System
  • Lot Features: Clear
  • Lot Size Area: 7876.0
  • Year Built: 1961
  • Year Remodeled: 1990
  • Building Type: Multi Dwellings
Property and Assessments
  • Photo Count: 12
  • Property Condition: Above Average
  • Special Listing Conditions: None
  • Disclosures: None
  • Foreclosure: No
  • Set Backs: C&C
  • Supplement Count: 0
  • TMK Area: 194
  • TMK Condo Property Regime Number: 0
  • TMK Division: 1
  • TMK Parcel: 27
  • TMKPLAT: 25
  • TMK Section: 4
  • TMK Zone: 9
Utilities
  • Utilities: Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
  • Sewer: Connected
  • Utilities Meters: Electric, Gas, Water
Interior and Exterior Features
Exterior Features
  • Amenities: None
  • Construction Materials: Hollow Tile, Single Wall, Wood Frame
  • Easements: None
  • Roof: Other
Multi Family
Multi-Family Information
  • Studio Units Number Of: 0
  • Unit One Number Of Bed: 0
  • Unit Three Number Of Bed: 0
  • Unit Two Number Of Bed: 8
  • Number Of Units Total: 8
Income & Expenses
  • Total Annual Operating Expenses: $24,768.00
  • Total Income: $212,256.00
  • Expenses Include: Insurance, Property Tax, Sewer Fee
  • Net Operating Income: $187,476.00
  • Other Income: $.00
Agent
Sale and Listing
  • DOM: 14
  • Immoviewer: No
  • Listing Service: Full Service
  • MLS: HI Central
  • MLS Area Major: Waipahu
  • Status: Active
  • Public Remarks: Amazing and unbelievable 8% CAP rate which is unheard of on Oahu! Owner did all the hard work so you can take over a turn key operation. All 8 units have been completely renovated, all units rewired from the meter, new rough in plumbing, new supply lines, descaled sewer line, exterior paint, new fuses including GFCI circuit breakers, new outlets, switches, and light fixtures, rebuilt stairs and rails. You can pay 40%-60% more for a similar building in town but the rents are not proportionally higher so it is a no brainer that there is value in Waipahu!
  • Possession: At Closing
Rental
Rent Information
  • Total Actual Rent: $17,688.00

Property History for 94-246 Aniani Place

DateEvent & SourcePriceAppreciation
Oct 1, 2025

Listed (Active)

HICENTRAL #202521549

$2,343,563—
Dec 22, 2023

Sold

HICENTRAL #202325752

$1,150,000—
Dec 22, 2023

Contract Signed

HICENTRAL #202325752

—
Dec 19, 2023

Sold (Public Record)

Public Record #1525235294

$1,150,000

+3.1% / yr

Nov 18, 2023

Contract Out

HICENTRAL #202325752

—
Nov 17, 2023

Listed (Active)

HICENTRAL #202325752

$1,100,000—
Jun 8, 2005

Sold (Public Record)

Public Record #158479056

$655,000—
DateEvent & SourcePrice
10/01/2025

Listed (Active)

HICENTRAL #202521549

$2,343,563
12/22/2023

Sold

HICENTRAL #202325752

$1,150,000
12/22/2023

Contract Signed

HICENTRAL #202325752

—
12/19/2023

Sold (Public Record)

Public Record #1525235294

$1,150,000

+3.1% / yr

11/18/2023

Contract Out

HICENTRAL #202325752

—
11/17/2023

Listed (Active)

HICENTRAL #202325752

$1,100,000
06/08/2005

Sold (Public Record)

Public Record #158479056

$655,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 94-246 Aniani Place

Taxable ValueLand$1,050,600Additions$350,600Total$1,401,200
Tax Record2025$4,374 ($365 / month)
Home Facts
Total Finished SqFt4,032 SqFtAbove Grade Finished SqFt4,032 SqFtStories2Lot Size7,876 SqFtStyleMulti-Family Res (5+ Units)Year Built1961Year Renovated1990ZoningA-2 APARTMENTCountyHONOLULUAPN1-9-4-025-027

Schools near 94-246 Aniani Place

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Waipahu Elementary School
PublicPK to 6

Waipahu Intermediate School
Public7 to 8

Waipahu High School
Public9 to 12

Hawaii Technology Academy
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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94-246 Aniani Place is a multi-family home for sale in Waipahu, HI 96797. This property was listed for sale on October 1, 2025 by Ivy K Realty, LLC, it's currently listed at $2,343,563. It has been on the market for a total of 75 days and was last sold on December 22, 2023. This listing's school district is Hawaii Department Of Education. Nearby schools include Waipahu Elementary School, Waipahu Intermediate School and Waipahu High School. 94-246 Aniani Place is a 16-bed, 0-bath, multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ivy K Realty, LLC, Marc T Kumai, License #RB-18403

Based on information from one of the following Multiple Listing Services: Hawaii HIS, MAUI MLS and Hi Central. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Hawaii HIS, MAUI MLS and Hi Central is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.