$1,999,000

84-290 Makaha Valley Road, Waianae, HI 96792

  • 15 beds |
  • 8 baths |
  • 4,384 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1974
  • Property Lot Size Icon1acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $456/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Date Added:
June 3, 2026
Data Last Updated:
July 5, 2026 at 4:18AM
Listing Office:
SC Realty, LLC : (808) 591-6277
MLS ID:
202610829
  • Flooring: Vinyl
  • Style: CottageDetachedMultiplexDuplex
  • Pool: None
  • Parking: BoatCarportThree or more SpacesParking spaces: 10
  • General: Hollow TileSingle WallWood Frame1
  • Road/Access: County Road
  • Originating MLS: HICMLS
  • County: Oahu
  • Topography: Level
  • Zoning: 1-8-4-021-060-0000
  • View: Mountain(s)View
  • Utilities: Cable AvailableHigh Speed Internet AvailablePhone AvailableWater Available
  • Water: Public
  • Sewer: Cesspool
  • Source: HICMLS

This listing courtesy of SC Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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