84-290 Makaha Valley Road, Waianae, HI 96792
- $1,999,000
- 15
- BD
- 8
- BA
- 4,384
- SqFt
- List Price
- $1,999,000
- Status
- ACTIVE
- Type
- Multifamily
- MLS#
- 202610829
- Days on Market
- 54
- Land Area
- 43,560
- Year Built
- 1974
- Property Type
- Residential
- Neighborhood
- Makaha
- Land Tenure
- FS - Fee Simple
Property Description
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.
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Additional Information
- Island
- Oahu
- Utilities
- Cable Available, High Speed Internet Available, Phone Available, Water Available
- View
- Mountain(s)
- Lot Size
- 43,560
- Construction Materials
- Hollow Tile, Single Wall, Wood Frame
- Pool Features
- None
- Neighborhood
- Makaha
- Furnished
- Unfurnished
- Year Built
- 1974
- Sewer
- Cesspool
- Inclusions
- AC Window Unit, Ceiling Fan, Dryer, Microwave Hood, Photovoltaic Leased, Range/Oven, Refrigerator, Smoke Detector, Solar Heater, Washer
- Parking Features
- Boat, Carport, Three or more Spaces
- Lot Features
- Interior Lot, Other, Level
- Style
- Cottage, Detached, Multiplex, Duplex
- Stories
- 1
- Assessed Total
- 1063700
- Water
- Public
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Listing courtesy of SC Realty, LLC.
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.
Contact: (808) 591-6277