| Description | PRICE ADJUSTMENT! RARE 4-PERMITTED-UNIT INVESTMENT OPPORTUNITY IN MAKAHA! Situated on approximately 1 acre, this unique income-producing property features 4 permitted residential units, all extensively renovated, offering a turnkey opportunity for investors, multi-generational living, or an owner-occupant seeking rental income. Approximately 4,384 SQ FT, 15 bedrooms, 7.5 bathrooms, and parking for approximately 14+ vehicles. Currently generating approximately $9,900/month, with projected gross rental income of approximately $13,500/month ($162,000/year) when fully occupied. Four permitted units + 1 acre + extensive renovations + strong income potential - a rare combination on Oahu. Must see to appreciate the value and possibilities this property offers! |
|---|---|
| Status | Active since 06-03-2026 |
| MLS# | 202610829 |
| Price | $1,895,000 |
| Original Price | $1,999,000 |
| Price Change | $-104,000 (-5.20%) |
| Beds / Baths / Half | 15 / 7 / 1 |
| Parking Spaces | 15 |
| Living Sq Ft | 4,384 |
| Land Sq Ft | 43,560 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 84-290 Makaha Valley Road Waianae HI 96792 |
| Region | Leeward |
| Neighborhood | Makaha |
| Days on Market | 116 |
| Year Built | 1974 |
| Year Remodeled | 2024 |
| Condition | Above Average |
| View | Mountain |
| Pool | None |
| Parking | 3 Car+, Boat, Carport |
| Zoning | 56 - Country District |
| Flood Zone | Zone AE |
| Tax Amount | $308 |
| Assessed Land | $630,000 |
| Assessed Building | $433,700 |
| Assessed Total | $1,063,700 |
| Assessed Ratio | 178% |
| Inclusions | AC Window Unit, Ceiling Fan, Dryer, Microwave Hood, Photovoltaic – Leased, Range/Oven, Refrigerator, Smoke Detector, Solar Heater, Washer |
| Amenities | Patio/Deck |
| Utilities | Cable, Cesspool, Internet, Public Water, Telephone, Water |
| Construction | Hollow Tile, Single Wall, Wood Frame |
| Lot Features | Other |
| Flooring | Vinyl |
| Disclosures | Non Resident Owner, Pet on Property, Photovoltaic |
| Furnished | None |
| Land Recorded | Land Court |
| Possession | At Closing, Subject to Rental Lease |
| Sale Conditions | None |
| Topography | Level |
| Building Style | 1 Bedroom Cottage, Detach Single Family, Duplex, Multiple Dwellings |
| Roofing | Asphalt Shingle |
| Easements | Other |
| Parcel # | 1-8-4-021-060-0000 |
| Listing courtesy of | SC Realty, LLC |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-25-2026 | 202610829 | Price Decrease | $1,999,000 | $1,895,000 | $1,895,000 | $0 | $1,063,700 | $630,000 | $433,700 |
| 06-03-2026 | 202610829 | New Listing | A | $1,895,000 | $0 | $1,063,700 | $630,000 | $433,700 | |
| 08-07-2024 | 202403306 | Sold | C | S | $1,399,000 | $1,350,000 | $1,364,200 | $514,500 | $849,700 |
| 05-13-2024 | 202403306 | Active Under Contract | A | C | $1,399,000 | $1,350,000 | $1,364,200 | $514,500 | $849,700 |
| 04-13-2024 | 202403306 | Back On Market | T | A | $1,399,000 | $1,350,000 | $1,364,200 | $514,500 | $849,700 |
| 02-27-2024 | 202403306 | Hold | A | T | $1,399,000 | $1,350,000 | $1,364,200 | $514,500 | $849,700 |
| 02-23-2024 | 202403306 | New Listing | A | $1,399,000 | $1,350,000 | $1,364,200 | $514,500 | $849,700 | |
| 06-30-2018 | 201809130 | Withdrawn | A | W | $939,000 | $0 | $820,600 | $357,000 | $463,600 |
| 06-30-2018 | 201809130 | Back On Market | C | A | $939,000 | $0 | $820,600 | $357,000 | $463,600 |
| 05-24-2018 | 201809130 | In Escrow Showing | A | C | $939,000 | $0 | $820,600 | $357,000 | $463,600 |
| 04-12-2018 | 201809130 | New Listing | A | $939,000 | $0 | $820,600 | $357,000 | $463,600 |
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