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.
Active
$1,999,000
84-290 Makaha Valley Rd, Waianae, HI 96792
15beds
4,384sqft
Duplex
Built in 1974
-- sqft lot
$1,989,100 Zestimate®
$456/sqft
$-- HOA
What's special
Lots of parkingDetached single bedroomOne-bedroom cottage
- 10 days |
- 129 |
- 9 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Vai Lan Lau 808-384-6768,
SC Realty, LLC
Source: HiCentral MLS,MLS#: 202610829
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 8
- Full bathrooms: 7
- 1/2 bathrooms: 1
Features
- Flooring: Vinyl
Interior area
- Total structure area: 4,384
- Total interior livable area: 4,384 sqft
Property
Parking
- Total spaces: 10
- Parking features: Boat, Carport, Three or more Spaces
- Has carport: Yes
Features
- Levels: One,Two
- Stories: 1
- Pool features: None
- Has view: Yes
- View description: Mountain(s)
Lot
- Features: Interior Lot, Other, Level
- Topography: Level
Details
- Parcel number: 1840210600000
- Zoning description: 56 - Country District
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage,Detached,Multiplex,Duplex
- Property subtype: Duplex
Materials
- Hollow Tile, Single Wall, Wood Frame
Condition
- Good Condition,Updated/Remodeled
- New construction: No
- Year built: 1974
- Major remodel year: 2024
Utilities & green energy
- Sewer: Cesspool
- Water: Public
- Utilities for property: Cable Available, High Speed Internet Available, Phone Available, Water Available
Community & HOA
Community
- Features: Deck/Porch, Patio
- Subdivision: Makaha
Location
- Region: Waianae
Financial & listing details
- Price per square foot: $456/sqft
- Tax assessed value: $1,063,700
- Annual tax amount: $3,696
- Date on market: 6/3/2026
- Inclusions: AC Window Unit, Ceiling Fan, Dryer, Microwave Hood, Photovoltaic – Leased, Range/Oven, Refrigerator, Smoke Detector, Solar Heater, Washer
- Total actual rent: 9900
Estimated market value
$1,989,100
$1.89M - $2.09M
$2,683/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Listed for sale | $1,999,000+48.1%$456/sqft |
Source: | ||
| 4/11/2026 | Listing removed | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 3/31/2026 | Listed for rent | $2,000-53.5% |
Source: Zillow Rentals Report a problem | ||
| 3/20/2025 | Listing removed | $4,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/12/2025 | Price change | $4,300-4.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/3/2025 | Listed for rent | $4,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/6/2024 | Sold | $1,350,000-3.5%$308/sqft |
Source: | ||
| 5/13/2024 | Contingent | $1,399,000$319/sqft |
Source: | ||
| 4/13/2024 | Listed for sale | $1,399,000$319/sqft |
Source: | ||
| 2/27/2024 | Listing removed | $1,399,000$319/sqft |
Source: | ||
| 2/23/2024 | Listed for sale | $1,399,000+49%$319/sqft |
Source: | ||
| 7/1/2018 | Listing removed | $939,000$214/sqft |
Source: KFG Properties, Inc. #201809125 Report a problem | ||
| 4/12/2018 | Listed for sale | $939,000$214/sqft |
Source: KFG Properties, Inc. #201809125 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,700 +24.3% | $1,177,200 +16.5% |
| 2024 | $2,976 -30.6% | $1,010,200 -25.9% |
| 2023 | $4,285 +20.5% | $1,364,200 +18.1% |
| 2022 | $3,555 +10.8% | $1,155,600 +9.3% |
| 2021 | $3,210 +8.4% | $1,057,000 +7.2% |
| 2020 | $2,961 +23.1% | $986,000 +22.2% |
| 2019 | $2,405 -1.9% | $807,200 -1.6% |
| 2018 | $2,452 +2.2% | $820,600 +1.8% |
| 2017 | $2,400 -2.5% | $805,800 -2.2% |
| 2016 | $2,463 +18.8% | $823,600 +15.6% |
| 2015 | $2,074 | $712,500 -7.7% |
| 2014 | -- | $771,800 +5% |
| 2013 | -- | $734,800 +6.7% |
| 2012 | -- | $688,900 -22.5% |
| 2009 | -- | $888,500 +30.6% |
| 2006 | -- | $680,200 +79.4% |
| 2004 | -- | $379,100 +19.6% |
| 2003 | $791 -20.3% | $317,000 +46.2% |
| 2002 | $992 | $216,800 -39.6% |
| 1999 | -- | $359,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 96792
Nearby schools
GreatSchools rating
- 8/10Anuenue SchoolGrades: PK-12Distance: 28.9 mi
- 2/10Waianae Intermediate SchoolGrades: 7-8Distance: 1.1 mi
- 1/10Waianae High SchoolGrades: 9-12Distance: 0.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Hawaii
- Honolulu County
- Waianae
- 96792
- 84-290 Makaha Valley Rd



