$1,999,000
84-290 Makaha Valley Road
MAKAHA · Waianae · 96792 · MLS 202610829
- 15beds
- 8baths
- 4,384living sqft
- Multi-familytype
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.
Building & interior
- Style
- Duplex
- Condition
- Good Condition · Updated Remodeled
- Living area
- 4,384 sqft
- Total area
- 4,384 sqft
- Lot size
- 43,560 sqft
- Year built
- 1974
- Renovated
- 2024
- Stories
- One · Two
- Parking
- 10 stalls · Boat · Carport · Three Or More Spaces
- Furnished
- Unfurnished
- View
- Mountains
HOA & monthly fees
- Owner-occupancy
- Tenant-occupied
Construction & features
- Flooring
- Vinyl
- Construction
- Hollow Tile · Single Wall · Wood Frame
- Roofing
- Asphalt · Shingle
- Topography
- Level
- Lot features
- Interior Lot · Level
- Community
- Deck Porch · Patio
- Utilities
- Cable Available · High Speed Internet Available · Phone Available · Water Available
- Water
- Public
Tax & assessment
- Annual property tax
- $3,696/yr
- Tax year
- 2025
- Assessed — total
- $1,063,700
- Assessed — land
- $630,000
- Assessed — improvements
- $433,700
- TMK
- 1-8-4-021-060-0000
- Zoning
- 56 - Country District
- Land tenure
- Fee simple
- Financing accepted
- Cash · Conventional
- Disclosures
- Pet On Property
Price history
- Original list
- $1,999,000
- Current
- $1,999,000
What's included
- AC Window Unit
- Ceiling Fan
- Dryer
- Microwave Hood
- Photovoltaic – Leased
- Range/Oven
- Refrigerator
- Smoke Detector
- Solar Heater
- Washer
Nearby
- Deck Porch
- Patio
Listed by SC Realty, LLC
Information is from the Honolulu MLS and sources deemed reliable but is not guaranteed. Square footage, lot size, taxes, permits, and land tenure should be independently verified. Not a solicitation of property already listed.
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