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MLS: 202226278 (Active - For Sale)
 
Asking Price: $2,500,000 FS - Fee Simple
Type: Multi-Family
District: Leeward
Address: 87-274D St Johns Road, Waianae, HI
Neighborhood: Maili
Land Area: 0.66 Acres
Parking: Covered
Days on Market: 696
(The Price of the property was lowered by $750,000 on 09/24/2024)
Year Built: 1946
Zoning: 05 - R-5 Residential District
Land Recorded: Dual Systems
Property Taxes: $347
Assessed Value: $1,189,600
Assessed Ratio: 210.15%
Listing Courtesy: Hawaii Real Estate Properties
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All Multi-Family Homes For Sale in Maili


FIVE HOUSES. A prime investment opportunity in Waianae, Hawaii, offering exceptional value in Hawaii’s most promising market. This newly redeveloped multi-family property on St. John's Road sits on 28,785 SF of R-5 zoned land and features five turnkey homes, each with 3 bedrooms, 2 bathrooms, and a two-car carport, making it attractive for 1031 exchange investors seeking high income-generating potential with a stabilized gross monthly income of $13,000. With competitive pricing, this property stands out in the local market, offering strong return on investment. Each home is upgraded with new walls, paint, flooring, high-end fixtures, and modern kitchens, along with private, spacious yards and separate electric meters. Located on a peaceful cul-de-sac, the master suites feature en-suite bathrooms with showers, while second bathrooms include tubs for added convenience. Key investment features: Modern kitchens with new appliances (refrigerator and stove) Expansive, fenced yards with washer/dryer hookups Two-car carports for each home All homes are legally permitted with potential for CPR (Condominium Property Regime) development, further enhancing long-term investment value.

1 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
20210818404/01/202109/02/2021$1,260,000$1,000,000

 
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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
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Maui Luxury Real Estate, LLC is a real estate brokerage firm licensed to
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