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Income Property with Two Houses

14-3276 PUALAA RD Pahoa, HI 96778

14-3276 PUALAA RD, Pahoa, HI, 96778
$450,000
For Sale
$450,000

MULTI_FAMILY - Pahoa, HI

Property Size1,544 SF
Lot Size1.00 Acre
Price / SF$291.45
Days on Market324

Property Features for 14-3276 PUALAA RD

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RS-15
Bedrooms
5
Bathrooms
3
Rooms
Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 4
Parking features
Assigned
Standard status
Active
APN
3140340160000
Size
1,544 SF
Lot size
1.00 Acre

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
2833

Utilities

Utilities
Water Available
Sewer type
Cesspool
Water source
Public

Building Details

Year built
1962
Floors in Building
1
Flooring type
Carpet
Listing Agency Nathalie Mullinix Realty Universal, Inc.
1888 Kalakaua Avenue Suite C312, Honolulu, HI
Listed by Nathalie C Mullinix · License #RB-17596
Added: Aug 29, 2025 Checked: Jul 18 at 4:06 pm
MLS# 723676 Listing URL

Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Income property for sale at 14-3276 Pualaa Road in Pahoa, HI 96778, offered within RS-15 zoning. The site is approximately 1 acre and includes two houses totaling about 1,544 square feet.

The seller describes the property as generating three rental incomes totaling approximately $5,000 per month (about $60,000 per year). Public remarks also note the setting is next to the Nanawale Forest Reserve and accessed via a quiet dead-end road, with an emphasis on privacy. Prospective buyers are advised to complete an application and be pre-qualified before viewing.

Key Highlights

  • 1‑acre property with 2 houses
  • 3 rental incomes totaling $5,000/month (about $60,000/year)
  • Year built: 1962

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $34.3k $22.20
− Vacancy −$1.2k −$0.78
EGI $33.1k $21.42
− OpEx −$9.9k −$6.43
NOI $23.2k $15.00
1,544 SF · lease $22.20/SF/yr · vacancy 3.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$330.8K
$289.4K – $385.9K (±1% cap)
NOI $23,154 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$303.0K
$265.1K – $353.5K (±1% cap)
NOI $21,208 @ 7.0% cap · market cap 4.71%
Theoretical Best
Specialty Retail
$526.9K
$461.1K – $614.8K (±1% cap)
NOI $36,886 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

FAQs

What type of property is this?
Triplex - Two-house income property on a 1-acre lot in Kaniahiku Village House Lots.
Where is this triplex located?
The property is located at 14-3276 PUALAA RD Pahoa, HI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1‑acre property with 2 houses; 3 rental incomes totaling $5,000/month (about $60,000/year); Year built: 1962
Contact an agent
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