Remodeled Two-Unit Residential
15-1477 25TH AVE Keaau, HI 96749
15-1477 25TH AVE, Keaau, HI, 96749
$519,000
For Sale
$519,000
MULTI_FAMILY - Keaau, HI
Property Size2,392 SF
Lot Size1.00 Acre
Price / SF$216.97
Days on Market124
Property Features for 15-1477 25TH AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- A-1A
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3
- Parking features
- Assigned, Covered
- Standard status
- Active
- APN
- 3150381750000
- Size
- 2,392 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2797
Utilities
- Utilities
- Cable Available
- Sewer type
- Cesspool
Building Details
- Year built
- 1981
- Flooring type
- Carpet, Tile - Ceramic
Listing Agency
Nathalie Mullinix Realty Universal, Inc.
(808) 261-0350
1888 Kalakaua Avenue Suite C312, Honolulu, HI
Listed by
Nathalie C Mullinix · License #RB-17596
(808) 327-4466
Added: Mar 17 Checked: Jul 18 at 4:06 pm
MLS# 728611
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.
This property consists of two distinct residential units on one lot, with a front portion containing a 3-bedroom, 2-bath home and a rear unit containing 1 bedroom and 1 bath. The front unit has been recently renovated, including newly installed split A/C in both units. Both units are described as having R19 and R13 insulation to support temperature control. Improvements also include an 11,000-gallon water catchment system with ultra violet water treatment. The driveway is paved, with gravel at the side and behind the carport, designed for convenient return access.
The home is located in Keaau and is described as being between Kaloli Dr. and Shower Dr., providing access to Hilo while maintaining a more rural feel. The property includes a variety of fruit trees noted as soursop, Tahitian limes, avocado, breadfruit (ulu), and mango. Zoning is listed as A-1A.
For buyers seeking a live-in-and-rent setup or extended family use, the layout supports two separate households under one roof. The 3-bedroom, 2-bath portion is permitted per the seller’s remarks, while unit #2 is described as an unpermitted addition prior to the seller’s purchase. As with all property data, buyers are advised to confirm details and hold all parties harmless from discrepancies in MLS and advertising.
The home is located in Keaau and is described as being between Kaloli Dr. and Shower Dr., providing access to Hilo while maintaining a more rural feel. The property includes a variety of fruit trees noted as soursop, Tahitian limes, avocado, breadfruit (ulu), and mango. Zoning is listed as A-1A.
For buyers seeking a live-in-and-rent setup or extended family use, the layout supports two separate households under one roof. The 3-bedroom, 2-bath portion is permitted per the seller’s remarks, while unit #2 is described as an unpermitted addition prior to the seller’s purchase. As with all property data, buyers are advised to confirm details and hold all parties harmless from discrepancies in MLS and advertising.
Key Highlights
- Permitted two‑unit property with a remodeled 3BR/2BA front home plus a rear 1BR/1BA unit
- Newly installed split A/C in both units
- Insulation for comfort: R19 and R13 insulation
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 | $53.1k | $22.20 |
| − Vacancy | −$1.9k | −$0.78 |
| EGI | $51.2k | $21.42 |
| − OpEx | −$15.4k | −$6.43 |
| NOI | $35.9k | $15.00 |
2,392 SF · lease $22.20/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$512.4K
$448.4K – $597.9K
NOI $35,871 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$469.4K
$410.7K – $547.6K
NOI $32,856 @ 7.0% cap · market cap 6.33%
Theoretical Best
Specialty Retail
$816.3K
$714.3K – $952.4K
NOI $57,144 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two remodeled permitted units with split A/C, shared water catchment, and driveway parking configuration on one lot.
Where is this duplex located?
The property is located at 15-1477 25TH AVE Keaau, HI.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Permitted two‑unit property with a remodeled 3BR/2BA front home plus a rear 1BR/1BA unit; Newly installed split A/C in both units; Insulation for comfort: R19 and R13 insulation
