Christina Dwight

Map of Honolulu, HI Multi-Family Homes

For Sale

Honolulu, HI Housing Market

What is the housing market like in Honolulu today? In July 2025, Honolulu home prices were up 5.0% compared to last year, selling for a median price of $554K. On average, homes in Honolulu sell after 104 days on the market compared to 75 days last year. There were 262 homes sold in July this year, down from 300 last year.

$554,000

Median Sale Price

262

# of Homes Sold

104

Median Days on Market

Flexible Living and Investment Opportunities in Paradise

Honolulu, HI Multi-Family Homes

Flexible Living and Investment Opportunities in Paradise

Honolulu, HI multi-family homes offer both comfortable living and strong investment potential in one of the world’s most desirable destinations. These properties are ideal for buyers seeking rental income, multigenerational living, or long-term value in a vibrant island setting. With easy access to stunning beaches, cultural attractions, and everyday conveniences, multi-family homes in Honolulu provide a unique balance of lifestyle and opportunity.

Honolulu Multi-Family Homes: Real Estate FAQs

Yes! Honolulu’s strong rental demand, limited land supply, and thriving tourism-driven economy make it an excellent market for multi-family investments. Buyers often seek duplexes, triplexes, and larger apartment buildings for rental income or multi-generational living.

 

 

 

 

You’ll find a wide range of options, including duplexes, triplexes, fourplexes, and small to mid-sized apartment buildings. Some multi-family homes are newer builds with modern amenities, while others are older properties with strong value-add potential through renovation.

 

 

 

 

 

Prices vary depending on location, size, and condition. Small duplexes and triplexes typically start around $800,000, while larger apartment buildings in prime areas like Waikiki, Makiki, and Kaimuki can range from $1.5 million to $5 million or more.

 

 

 

 

 

Popular areas for multi-family investments include Waikiki (high rental demand), Makiki (close to downtown and UH Manoa), Kaimuki (charming neighborhood vibe), and Kalihi (affordable entry points with strong rental income potential). Proximity to transit, schools, and beaches often boosts demand.

 

 

 

 

Definitely. Honolulu’s high occupancy rates, steady rental demand, and the limited availability of developable land make multi-family homes a smart long-term investment. Well-located properties often generate consistent cash flow and offer strong appreciation potential.

 

 

 

 

 

Yes! Many buyers choose to live in one unit and rent out the others to offset their mortgage or generate passive income. This "house hacking" strategy is popular in Honolulu and can make owning property in a high-cost market more affordable.

 

 

 

 

 

Before purchasing, review zoning laws, rental regulations, property condition, and potential renovation needs. Also, factor in property management costs if you plan to rent units long-term. Understanding the leasehold vs. fee simple structure is critical, as some properties may be leasehold.

Honolulu, HI Area Overview

Work With Christina

Don’t leave money on the table. Make sure you’re getting the best value for your multifamily apartment property. CIS is THE expert in multifamily investments throughout Hawaii. Put our expansive market knowledge to work for you and your family. Lots of brokers do Everything: residential sales, warehouse, office, and industrial sales & leasing—any deal that walks in the door. At CIS, we specialize in multifamily. Unlike our competitors, who dabble in multiple sectors, we do not pretend to know everything to land every deal. Christina’s mission is to provide exemplary, personalized service for multifamily investors. She is laser-focused on providing the best marketing and exposure, identifying capable buyers, and proactively addressing their concerns so that the process is as stress-fee as possible. Christina can help you get the best deal, sell your property quickly, and make sure there are no loose strings after closing. Commercial Investment Strategies is the only firm in Hawaii exclusively engaged in apartment building buying and selling.

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