15 Olinda Rd, Makawao, HI 96768
What's special
Also listed under Multi-Dwelling (MLS 409725). This unique multi-unit property (4 structures, 8 units) offers a rare opportunity for investors seeking strong cash flow and long-term upside. There are 5 one bedroom units, and 3 two bedroom units. Situated on just over half an acre, the property features four separate structures with a total of eight tenant-occupied units, creating an income-producing compound in one of Upcountry Maui’s most desirable locations. Tenants enjoy dedicated parking, on-site laundry, and the convenience of being moments from Makawao’s shops, restaurants, galleries, and local charm. Numerous improvements have already been completed, making this an attractive opportunity for an investor looking to step into an established rental property with immediate income potential. The property also has 3 water meters. Listing includes photos of one of the 8 units. A truly one-of-a-kind upcountry investment property.
- 97 days |
- 252 |
- 14 |
Travel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Nykki Hardin RS-85193 Cell:808-707-0504,
eXp Realty,
Stephanie L Lopez RB-20480 808-222-8668,
Zillow Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Rooms
- Room types: Dining Area, Family Room, Storage Room
Appliances
- Included: Range, Refrigerator, Solar Hot Water
Features
- Ceiling Fan(s), Eat-in Kitchen
- Has fireplace: No
Interior area
- Total structure area: 1,817
- Total interior livable area: 1,191 sqft
Video & virtual tour
Property
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Mountain(s)
- Waterfront features: None
Lot
- Size: 0.54 Acres
- Topography: Irregular
Details
- Parcel number: 2240040110000
- Zoning: R-3
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Roof: Shingle
Condition
- Year built: 1984
Utilities & green energy
- Electric: Overhead Electricity
- Sewer: Septic Tank
- Water: County Water Meter Ins
- Utilities for property: Cable Connected, TV Cable
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Makawao
Financial & listing details
- Price per square foot: $2,011/sqft
- Tax assessed value: $1,828,300
- Annual tax amount: $5,477
- Date on market: 6/24/2026
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Listed for sale | $2,395,000-4.2%$2,011/sqft |
Source:  RAM #409725 Report a problem | ||
| 4/22/2026 | Listing removed | $2,500,000$2,099/sqft |
Source: RAM #406999 Report a problem | ||
| 10/24/2025 | Price change | $2,500,000-7.4%$2,099/sqft |
Source: RAM #406999 Report a problem | ||
| 9/2/2025 | Listed for sale | $2,700,000+120.4%$2,267/sqft |
Source: RAM #406999 Report a problem | ||
| 8/27/2021 | Sold | $1,225,000+165.7%$1,029/sqft |
Source: RAM #390867 Report a problem | ||
| 7/25/2008 | Sold | $461,133-12.2%$387/sqft |
Source: Public Record Report a problem | ||
| 6/16/2005 | Sold | $525,000+52400%$441/sqft |
Source: Public Record Report a problem | ||
| 5/6/2004 | Sold | $1,000-99.9%$1/sqft |
Source: Public Record Report a problem | ||
| 10/2/2003 | Sold | $700,000+69900%$588/sqft |
Source: Public Record Report a problem | ||
| 3/30/1998 | Sold | $1,000-99.8%$1/sqft |
Source: Public Record Report a problem | ||
| 12/26/1997 | Sold | $450,000+50%$378/sqft |
Source: Public Record Report a problem | ||
| 11/30/1994 | Sold | $300,000+71.4%$252/sqft |
Source: Public Record Report a problem | ||
| 5/6/1994 | Sold | $175,000$147/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,477 +14.6% | $1,828,300 +17.5% |
| 2024 | $4,778 +35.9% | $1,555,600 +19.4% |
| 2023 | $3,517 | $1,303,300 +180% |
| 2022 | -- | $465,500 -9.9% |
| 2021 | $2,817 +3.9% | $516,900 -0.3% |
| 2020 | $2,712 +2.4% | $518,500 +7.1% |
| 2019 | $2,647 | $484,200 +1% |
| 2018 | $2,647 +1.9% | $479,600 |
| 2017 | $2,598 +5.9% | -- |
| 2016 | $2,453 | $462,900 +11.6% |
| 2015 | -- | $414,600 -27.9% |
| 2014 | $1,602 | $575,100 |
Find assessor info on the county website
Monthly payment
Estimated market value
Not available
Estimated sales range
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Climate risks
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