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84-290 Makaha Valley Road, 
Waianae, HI 96792

$1,999,000


15

Beds


8

Baths


4,384

Sq Ft


Multi-Family

Active

Listed by

Vai Lan Lau

Sc Realty, LLC.

Last updated:

July 30, 2026, 12:11 PM

MLS#

202610829

Source:

HI HBR

About This Home

84-290 Makaha Valley Road

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.

Home Facts

Multi-Family

8 Baths

15 Bedrooms

Built in 1974

Subdivision & Development:

MAKAHA

Price Summary

1,999,000

$455 per Sq. Ft.

MLS #:

202610829

Last Updated:

July 30, 2026, 12:11 PM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

15

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

7

Interior

Living Area:

4,384 Sq. Ft.


Structure

Structure

Architectural Style:

Cottage, Detached, Duplex, Multiplex

Building Area:

4,384 Sq. Ft.

Year Built:

1974


Lot

Lot Size (Sq. Ft):

43,560


Finances & Disclosures

Finances

Price:

$1,999,000

Price per Sq. Ft:

$455 per Sq. Ft.

Source:HI HBR
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on July 30, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.