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3198 Wawae Rd, 
Kalaheo, HI 96741

$2,550,000


7

Beds


5

Baths


2,400

Sq Ft


Multi-Family

Active

Listed by

David D Ower

eXp Realty

808-725-2794

Last updated:

August 16, 2025, 11:28 AM

MLS#

710567

Source:

HI HIS

About This Home

3198 Wawae Rd

Income-Producing Property in Lawai Valley Estates – Seller Financing Available

Unique opportunity to own a serene, multi-unit property in Lawai Valley Estates with 4 permitted rental units + office/storage space on one lot. Live in one and rent the rest—or lease all for maximum income. Fully furnished and income ready.

Units & Rents:

* Upstairs Main Home – 1BD/1BA | $2,850/mo + 30% electric | Private yard, fireplace

* Downstairs Main Home – 4BD/2BA | $5,700/mo + 40% electric (additional $900/mo if rented to extra person per contract) | Attached garage (half), lofts, lanai, courtyard| Attached garage (half), lofts, lanai, courtyard

* Studio Cottage – 1BD/¾BA | $2,700/mo + 20% electric | Loft bedroom, outdoor shower, lanai

* Caretaker’s Cottage + Half Garage Office/Storage – 1BD/¾BA + half of garage office/storage space | $2,850/mo + 10% electric | Screened lanai, valley views, private rear entrance to office/storage

Financials:

Total Monthly Income: $14,100–$15,000
Seller Financing Terms:
10% Down ($255,000)
4.75% Interest
Up to 5-Year Term
Approx. P&I Payment: $11,971.81/month

Additional Info:

- Fully furnished
- Private courtyards and lanais
- Chimenea fireplaces in main units
- By appointment only – do not disturb tenants
- Property does not match county records – buyer to verify
- Seller requests leaseback of Caretaker’s Cottage + garage space for up to 2 years at $2,850/mo + 10% electric; open to assisting with property management for reduced lease rate

Excellent investment opportunity with flexible use and immediate rental income in a lush Kauai valley setting.

Home Facts

Multi-Family

5 Baths

7 Bedrooms

Built in 1995

Price Summary

2,550,000

$1,062 per Sq. Ft.

MLS #:

710567

Last Updated:

August 16, 2025, 11:28 AM

Added:

a year ago


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

3

Interior

Living Area:

2,400 Sq. Ft.


Structure

Structure

Building Area:

2,400 Sq. Ft.

Year Built:

1995


Lot

Lot Size (Sq. Ft):

15,159


Finances & Disclosures

Finances

Price:

$2,550,000

Price per Sq. Ft:

$1,062 per Sq. Ft.

Source:HI HIS
Listing information © 2021 MLS Hawaii, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants or the MLS from liability.

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