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    3198 Wawae Rd Kalaheo, HI 96741

    For Sale
    $2,490,000

    MULTI_FAMILY - Kalaheo, HI

    Property size:
    2,400 SF
    Lot size:
    0.35 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 3198 Wawae Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    A
    Rooms
    Bedroom 3, Bedroom 7, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 5, Bedroom 2, Bathroom 2, Bedroom 1
    Bedrooms
    7
    Bathrooms
    5
    APN
    4240010770001
    Parking features
    Assigned
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Electric Cooktop, HIS Microwave Hood, Microwave, Range, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked
    Size
    2,400 SF
    Lot size
    0.35 Acres

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Cesspool, Septic Tank

    Building Details

    Year built
    1995
    Flooring type
    Tile - Ceramic, Slate, Hardwood

    eXp Realty, LLC (808) 384-5645 [email protected]

    Listing agent David D Ower (833) 653-6294

    Listing date Nov 5, 2025

    MLS# 710567 Listing URL

    Copyright © 2025 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.

    Overview

    Income-Producing Multi-Unit Property

    Located in Lawai Valley Estates, this income-producing property features four permitted rental units and office/storage space on a 0.35-acre lot. The property includes an upstairs main home with one bedroom and one bathroom, a private yard, and a fireplace. The downstairs main home offers four bedrooms, two bathrooms, an attached garage (half), lofts, a lanai, and a courtyard. Additionally, there is a studio cottage with one bedroom, a loft bedroom, an outdoor shower, and a lanai. The caretaker's cottage includes one bedroom, half of a garage used as office/storage space, a screened lanai, valley views, and a private rear entrance to the office/storage area. The property is fully furnished and income-ready. The upstairs main home rents for $2,850 per month plus 30% of electric, the downstairs main home rents for $5,700 per month plus 40% of electric (with an additional $900 per month if rented to an extra person), the studio cottage rents for $2,700 per month plus 20% of electric, and the caretaker's cottage rents for $2,850 per month plus 10% of electric. Total monthly income ranges from $14,100 to $15,000. Seller financing is available with 10% down, 4.75% interest, and up to a 5-year term. The property offers private courtyards and lanais, and chimenea fireplaces in the main units. The seller requests a leaseback of the caretaker's cottage and garage space for up to 2 years at $2,850 per month plus 10% electric and is open to assisting with property management for a reduced lease rate. The property size is approximately 2400 square feet. This property presents an excellent investment opportunity with flexible use and immediate rental income in a lush Kauai valley setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Kalaheo
    County
    Kauai
    State
    Hawaii
    Longitude
    -159.512178
    Latitude
    21.931637

    FAQs

    What type of property is this?
    Apartment building - Multi-unit property with four permitted rental units and office/storage.
    Where is this apartment building located?
    The property is located at 3198 Wawae Rd Kalaheo, HI.
    What is the asking price?
    The asking price for this property is $2,490,000.
    What are key features of this property?
    This property features: - Income-producing property with 4 permitted rental units + office/storage space, offering immediate rental income.; - Seller financing available with 10% down and a 4.75% interest rate.; - **Fully furnished units, ready for immediate occupancy and rental.**
    (833) 653-6294
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3198 Wawae Rd Kalaheo, HI 96741
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