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MLS: 202610829 (Active - For Sale)
 
Asking Price: $1,999,000 FS - Fee Simple
Type: Residential
District: Leeward
Address: 84-290 Makaha Valley Road, Waianae, HI
Neighborhood: Makaha
Beds: 15   Baths: 7 Full / 1 Half
Living Area: 4,384 SF
Style: 1 Bedroom Cottage,Detach Single Family,Duplex,Multiple Dwellings
Land Area: 1 Acres
View: Mountain
Parking: 3 Car+,Boat,Carport
Amenities: Patio/Deck
Days on Market: 10
Year Built: 1974
Easements: Other
Zoning: 56 - Country District
Land Recorded: Land Court
Property Taxes: $308
Assessed Value: $1,063,700
Assessed Ratio: 187.93%
Listing Courtesy: SC Realty, LLC
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All Homes For Sale in Makaha


Great investment opportunity to own a beautiful 1-acre, fully permitted multi-unit, income-producing property located in the peaceful Makaha Valley! Property has 3 legal structures that were fully remodeled in 2024 & 2026: 1) 4 bed/ 2.5 bath main house with window A/C in the bedrooms 2) two-story concrete building - 5 bed/ 2 bath upstairs unit & 5 bed/ 2 bath downstairs unit 3) one-bedroom cottage with a detached single bedroom. This property currently generates $9,900 per month in rental income from three occupied units, with one additional vacant unit projected at $3,600 per month based on current market rent. Upon full occupancy, the projected gross rental income is $13,500 per month, or $162,000 annually. Because all units are legally permitted, the property should be evaluated not only by comparable residential sales, but also by its income-producing capability using an income approach. Lots of parking. Large deck to relax and entertain in the spacious backyard with mango trees and other fruit trees. Property is on cesspool. Near beaches, gas stations, bus lines. Tax records may not match, some unpermitted areas but original structures legal. Property to be sold AS IS.

1 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
20240330602/23/202408/06/2024$1,399,000$1,350,000

1 Comparable Homes Sold in Makaha (Last 12 months)
Description List Date Sold Date List Price Sold Price
15 Bed 7.01 Bath
(w/ Ohana)
08/18/202512/31/2025$1,100,000$945,000
Average Price:  $945,000

 
Information is deemed reliable but not guaranteed.
Copyright: 2015 by the HiCentral MLS, Ltd.
 
IDX information is provided exclusively for consumer's personal, non-commercial
use and may not be used for any purpose other than to identify prospective
properties consumers may be interested in purchasing.
 
The active listings on this site are listed by other REALTORS®. If you are
interested in those listings, we may represent you as the buyer's agent.
Maui Luxury Real Estate, LLC is a real estate brokerage firm licensed to
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