Triplex with Three Separate
15-1974 8TH AVE Keaau, HI 96749
15-1974 8TH AVE, Keaau, HI, 96749
$650,000
For Sale
$650,000
MULTI_FAMILY - Keaau, HI
Property Size1,370 SF
Lot Size1.00 Acre
Price / SF$474.45
Days on Market18
Property Features for 15-1974 8TH AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- A-1A
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
- Standard status
- Active
- APN
- 3150271400000
- Size
- 1,370 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3228
Utilities
- Water source
- Well
Building Details
- Year built
- 1984
- Flooring type
- Laminate, Marble
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: Jul 1 Checked: Jul 18 at 3:06 pm
MLS# 731655
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 5-bedroom, 3-bath property is configured with three separate living units and is set on a fully fenced and gated 1-acre lot in Hawaiian Paradise Park. The offering includes a spacious yard and plenty of parking, with the overall property size listed at 1,370 square feet. The property is described as not fully permitted, and any buyer should verify all details during due diligence.
Located in Keaau, the home is described as being in a quiet neighborhood approximately 17 miles from Hilo and just minutes from the ocean. The listing also notes that a bus stop is located directly across the street, supporting convenient transportation access. Seller-reported proximity to shopping, dining, schools, and services is included in the remarks.
This layout can suit buyers seeking flexibility, whether for multi-generational living or for using the three units as separate private spaces. The presence of three independent living areas may also appeal to those looking for an income-oriented residential setup, subject to confirmation of permitting and all facts with the appropriate parties.
Located in Keaau, the home is described as being in a quiet neighborhood approximately 17 miles from Hilo and just minutes from the ocean. The listing also notes that a bus stop is located directly across the street, supporting convenient transportation access. Seller-reported proximity to shopping, dining, schools, and services is included in the remarks.
This layout can suit buyers seeking flexibility, whether for multi-generational living or for using the three units as separate private spaces. The presence of three independent living areas may also appeal to those looking for an income-oriented residential setup, subject to confirmation of permitting and all facts with the appropriate parties.
Key Highlights
- 5‑bedroom, 3‑bath property with 3 separate living units in Hawaiian Paradise Park
- On a fully fenced and gated 1‑acre lot with parking and a spacious yard
- Year built 1984; flooring includes laminate and marble
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 | $30.4k | $22.20 |
| − Vacancy | −$1.1k | −$0.78 |
| EGI | $29.3k | $21.42 |
| − OpEx | −$8.8k | −$6.43 |
| NOI | $20.5k | $15.00 |
1,370 SF · lease $22.20/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$293.5K
$256.8K – $342.4K
NOI $20,545 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$268.8K
$235.2K – $313.6K
NOI $18,818 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$467.6K
$409.1K – $545.5K
NOI $32,729 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex-style home with three separate living units, fenced and gated grounds, and a 5-bedroom, 3-bath layout.
Where is this triplex located?
The property is located at 15-1974 8TH AVE Keaau, HI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5‑bedroom, 3‑bath property with 3 separate living units in Hawaiian Paradise Park; On a fully fenced and gated 1‑acre lot with parking and a spacious yard; Year built 1984; flooring includes laminate and marble
