Oahu Homes under $400,000

Welcome to Oahu, the vibrant heart of Hawaii, where stunning landscapes meet rich cultural heritage. Known as "The Gathering Place," Oahu offers a unique blend of urban excitement and breathtaking natural beauty. From the iconic shores of Waikiki Beach to the lush greenery of the North Shore, the island is a paradise for outdoor enthusiasts and city dwellers alike.

For those dreaming of calling this island home without breaking the bank, you’ll be pleased to know that there are charming homes available for under $400,000. These affordable options provide a fantastic opportunity to experience the Oahu lifestyle, whether you’re a first-time homebuyer, a savvy investor, or looking for a vacation getaway.

Imagine waking up to the sound of gentle waves and the scent of tropical flowers in your own cozy abode. Many of these homes are nestled in friendly communities that offer a taste of island life, complete with local markets, parks, and easy access to the island’s famous beaches.

Living in Oahu means more than just a roof over your head; it’s about embracing a lifestyle filled with outdoor adventures, cultural experiences, and a strong sense of community. From hiking the stunning Diamond Head to savoring delicious local cuisine, every day is an opportunity to explore and enjoy the beauty of this enchanting island.

Don’t miss your chance to invest in a piece of paradise. Explore the homes available under $400,000 and take the first step toward your Hawaiian dream!

Newest Oahu Homes under $400,000

$399,900

3 Beds ⋅ 1 Baths ⋅ 202617946 MLS ⋅ FS - Fee Simple Tenure ⋅ Nihi Gardens BLDG.

Bring your contractor and your vision! Opportunity awaits at Nihi Gardens with this vacant 3-bedroom, 1-bath property offering approximately 836 sq. ft. of interior living space. This home is perfect for providing an opportunity for buyers to redesign and improve the property to suit their needs and preferences. Convenient Honolulu location with access to shopping, dining, schools, public transportation and major thoroughfares. One parking space included. Whether you're looking for a renovation project or a property to transform into your own, this home offers plenty of possibilities. Vacant and easy to show. Property being sold in its present AS-IS condition. Seller will not make repairs or improvements. Buyer and buyer's agent to conduct their own due diligence and independently verify all information deemed material to the purchase.

3031 Nihi Street Unit R18, Honolulu

Listing courtesy of TLC Realty LLC.

$379,900

4 Beds ⋅ 3 Baths ⋅ 202616058 MLS ⋅ LH - Leasehold Tenure

Your Waimanalo Village Lifestyle begins here. Hawaii Housing Finance and Development Corp. (HHFDC) Leasehold property, (NOT HAWAIIAN HOMESTEAD) offers a unique opportunity. Comfortable island living, the main home features 3 bedrooms, 1 ½ bath, and measures approximately 1,152 square feet of living space, complemented by an attached studio and bath and laundry room. This flexible Layout is ideal for extended family, guests, a home office, or additional living space. Step outside to the expansive front porch/deck - an inviting place to enjoy your morning coffee. Entertain friends and family or simply relax In the refreshing breeze. You’ll also be just minutes from Waimanalo and Bellows, neighborhood parks, shopping and dining and the convenience of nearby Kailua.

41-1451 Laukalo Street, Waimanalo

Listing courtesy of Ron Corp..

$335,000

3 Beds ⋅ 2 Baths ⋅ 202614534 MLS ⋅ FS - Fee Simple Tenure

This is the chance you've been waiting for! This 5,000 sf, corner lot offers the opportunity to start new and really customize the home to your liking. Tucked away from the main highway in Maili, but close to the beaches, shopping centers, and restaurants, so you're never too far from what you need. Surrounded by trees, it offers lots of privacy and shade. Opportunities like this don't come around too often, with a little love and some great ideas, this house will really shine! *Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment*

87-206 Halemaluhia Place, Waianae

Listing courtesy of Island, REALTORS.

$85,000

3 Beds ⋅ 1 Baths ⋅ 202614112 MLS ⋅ LH - Leasehold Tenure

LEASEHOLD PROPERTY. 3-bedroom, 1 bath, 952 square foot single family residence on 3,720 square foot lot in Wai’anae. Home is in walking distance to Wai’anae Boat Harbor, public library, Wai’anae Mall, Planet Fitness, Puukamailenu hike and Pokai Bay Beach Park. This is a leasehold property with the lease expiring June 2030. Make it your own. Jump on this great deal before its gone! All buyers are responsible to confirm City, County, Zoning, Tax, and other records to their satisfaction before bidding. No inspection contingencies in contract. Absolutely no repairs before closing. This property is sold As-Is. This is a REO auction property. Employees or directors of JPMorgan Chase & Co. and its direct and indirect subsidiaries are strictly prohibited from directly or indirectly purchasing any property owned or serviced by or on behalf of JPMorgan Chase & Co. or its direct and indirect subsidiaries.

85-153 Ala Walua Street Unit D, Waianae

Listing courtesy of REALHome Services & Solutions.

98-1860-J Kaahumanu Street Unit 52, Pearl City

$350,000

5 Beds ⋅ 5 Baths ⋅ 202610333 MLS ⋅ LH - Leasehold Tenure ⋅ Heights At Wailuna BLDG.

Enjoy the space and privacy of a detached 5-bedroom, 4.5-bath home in The Heights at Wailuna. With approximately 2,271 sq. ft. of interior living space, this home offers a flexible layout that includes a bedroom and full bath on the ground floor, multiple living areas, and a two-car garage. The generous floor plan provides ample room for multigenerational living, extended family, guests, remote work, or simply those seeking additional space to fit their lifestyle. Residents enjoy access to Wailuna community amenities including a pool, tennis courts, recreation areas, and walking paths, all within a convenient Pearl City location near shopping, dining, schools, parks, military installations, and freeway access. Leasehold property with lease through December 31, 2043. Opportunities to purchase a detached home of this size in desirable Wailuna at this price point are few and far between. Property sold As-Is.

98-1860-J Kaahumanu Street Unit 52, Pearl City

Listing courtesy of Locations LLC.

$399,000

4 Beds ⋅ 2 Baths ⋅ 202610249 MLS ⋅ LH - Leasehold Tenure

Bring your vision to life! Experience the laid-back lifestyle of Nanakuli in this Department of Hawaiian Home Lands property situated on an expansive 17,562 sq. ft. lot filled with endless possibilities. Imagine enjoying cool trade wind breezes, wide open outdoor space, and the peaceful feeling of West Side living just minutes from beautiful beaches, hiking, and breathtaking sunsets. The property features a mature mango tree, adding to the island charm and creating the perfect setting for relaxing afternoons and gatherings of all sizes with family and friends. The existing home serves as a blank canvas ready for your design ideas and personal touches, offering the opportunity to truly take this property to the next level. Whether you’re dreaming of multigenerational living or creating your ideal outdoor oasis, there is plenty of space here! Enjoy privacy and true island lifestyle that make this property so special. This one won’t last long — schedule your showing today! *Buyer must be eligible under the Department of Hawaiian Home Lands, and on the current waitlist.

89-432 Haleakala Avenue, Waianae

Listing courtesy of Foster Realty, Inc..

$375,000

2 Beds ⋅ 1 Baths ⋅ 202604713 MLS ⋅ FS - Fee Simple Tenure

Detached single-family CPR home on a 5,000 sq. ft. lot with NO monthly maintenance fees. This self-managed 2-bedroom, 1-bath residence is perfect for first-time buyers or investors. Potential is everywhere—bring your vision! Note: Bed count and sq. footage do not match tax records. Buyer/Buyer’s Agent to conduct due diligence to verify all material information. Investor Opportunity: There are 4 additional single-family residences with 2 bedroom/1 bath (tenant occupied) plus a vacant lot currently listed in the MLS For Sale in the immediate area; a dream scenario for a savvy investor looking to acquire multiple assets or a larger project footprint

87-155 Kakalena Street Unit 5, Waianae

Listing courtesy of Team Real Estate, Inc..

$375,000

2 Beds ⋅ 1 Baths ⋅ 202604725 MLS ⋅ FS - Fee Simple Tenure

Public Remarks: Detached single-family CPR home on a 5,000 sq. ft. lot with NO monthly maintenance fees. This self-managed 2-bedroom, 1-bath residence is perfect for first-time buyers or investors. Potential is everywhere—bring your vision! Note: Bed count and sq. footage do not match tax records. Buyer/Buyer’s Agent to conduct due diligence to verify all material information. Investor Opportunity: There are 4 additional single-family residences with 2 bedroom/1 bath (tenant occupied) plus a vacant lot currently listed in the MLS For Sale in the immediate area; a dream scenario for a savvy investor looking to acquire multiple assets or a larger project footprint

87-155 Kakalena Street Unit 6, Waianae

Listing courtesy of Team Real Estate, Inc..

$385,000

2 Beds ⋅ 1 Baths ⋅ 202604705 MLS ⋅ FS - Fee Simple Tenure

Detached single-family CPR home on a 5,000 sq. ft. lot with NO monthly maintenance fees. This self-managed 2-bedroom, 1-bath residence is perfect for first-time buyers or investors. Potential is everywhere—bring your vision! Note: Bed count and sq. footage do not match tax records. Buyer/Buyer’s Agent to conduct due diligence to verify all material information.There are 4 additional single-family residences with 2 bedroom/1 bath (tenant occupied) plus a vacant lot currently listed in the MLS For Sale in the immediate area; a dream scenario for a savvy investor looking to acquire multiple assets or a larger project footprint

87-155 Kakalena Street Unit 4, Waianae

Listing courtesy of Team Real Estate, Inc..

$380,000

3 Beds ⋅ 1 Baths ⋅ 202604732 MLS ⋅ LH - Leasehold Tenure

Hawaiian Homelands in Waimanalo- Opportunity to build your dreamhome in the country near the beach, busline & school. Purchaser must be at least 50% Hawaiian. This is a leasehold property.

41-160 Huli Street, Waimanalo

Listing courtesy of Keller Williams Honolulu.

$330,000

2 Beds ⋅ 1 Baths ⋅ 202604539 MLS ⋅ FS - Fee Simple Tenure

87-155 Kakalena Street Unit 3, Waianae

Listing courtesy of Team Real Estate, Inc..

$365,000

1 Beds ⋅ 1 Baths ⋅ 202604530 MLS ⋅ FS - Fee Simple Tenure

Detached single-family CPR home on a 5,000 sq. ft. lot with NO monthly maintenance fees. This self-managed 1-bedroom, 1-bath residence is perfect for first-time buyers or investors. Potential is everywhere—bring your vision! Note: Bed count and sq. footage do not match tax records. Buyer/Buyer’s Agent to conduct due diligence to verify all material information. Investor Opportunity: There are 4 additional single-family residences with 2 bedroom/1 bath (tenant occupied) plus a vacant lot currently listed in the MLS For Sale in the immediate area; a dream scenario for a savvy investor looking to acquire multiple assets or a larger project footprint

87-155 Kakalena Street Unit 2, Waianae

Listing courtesy of Team Real Estate, Inc..

Start Your Search

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.