51-015 Lau Place, Kaaawa, HI, 96730

Triplex-Style Residential Income Home

51-015 Lau Place Kaaawa, HI 96730

For Sale

$1,499,000

MULTI_FAMILY - Other - Kaaawa, HI

Property Size3,004 SF

Price / SF$499

Days on Market49

Property Features for 51-015 Lau Place

General Information

Property type: Residential Multi Family
Property subtype: Single Family Residence
Bedrooms: 6
Bathrooms: 4
Rooms: Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 6
Parking: 3
Parking features: On Street, Driveway
Interior features: Bedroom on Main Level, Full Bath on Main Level
Exterior features: Landscaping
Fencing: Fenced
Standard status: Active
APN: 1-5-1-003-047-0000
Size: 3,004 SF

Taxes and HOA fees

Tax Annual Amount: 8760

Utilities

Utilities: Cable Available
Sewer type: Septic Tank
Water source: Public

Building Details

Year built: 1975
Floors in Building: 2
Flooring type: Laminate, Hardwood, Tile - Ceramic
Building materials: Double Wall, Concrete, Wood Frame
Architectural style: Other

Listing Agency: Equity Hawaii Real Estate, LLC

Listed By: LaRona L Groff-Bennett · License #RS-75241

Added: Jun 9 Changed: Jul 25 Last Checked: Jul 27 at 7:06AM

MLS# 202611175

Investment Insights

Based on property information with market context.

Two-story residential income property configured for flexible living, featuring vaulted ceilings, abundant natural light, and an open-concept layout connecting the living and dining areas to a spacious kitchen. The home includes 6 bedrooms and 4 full bathrooms, along with a main kitchen plus two kitchenettes and an additional kitchen in the apartment, supporting options for separate arrangements. A brand-new roof has been installed.

The property is described as being just outside the flood zone, with lower insurance costs compared to oceanfront properties, while still providing shared neighborhood beach and ocean access. It is also positioned near beach parks, campgrounds, hiking trails, Kualoa Ranch, and the Crouching Lion Restaurant.

Overall, the layout is presented as an opportunity to create up to three separate rental units or accommodate multi-generational living, with oversized windows designed to frame ocean and mountain views.

Key Highlights

3,004 sq ft two‑story home built in 1975 with 6 bedrooms and 4 full bathrooms
Main level features a bedroom plus a full bath
Open‑concept living and dining area with vaulted ceilings and a spacious kitchen

Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$91.9k	$30.60
− Vacancy	−$6.5k	−$2.15
EGI	$85.5k	$28.45
− OpEx	−$25.6k	−$8.53
NOI	$59.8k	$19.91

3,004 SF · lease $30.60/SF/yr · vacancy 7.03% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$854.6K

$747.8K – $997.0K (±1% cap)

NOI $59,822 @ 7.0% cap · market cap 3.99%

Second Best

Apartment 5plus

$786.8K

$688.5K – $918.0K (±1% cap)

NOI $55,078 @ 7.0% cap · market cap 3.67%

Theoretical Best

Specialty Retail

$1.22M

$1.06M – $1.42M (±1% cap)

NOI $85,194 @ 7.0% cap · market cap 5.68%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

For sale
Triplexes
HI
Kaaawa
96730
51-015 Lau Place

What type of property is this?

Triplex - Two-story, 6-bedroom residence with vaulted ceilings, multiple kitchens, and a brand-new roof in a shared beach-access area.

Where is this triplex located?

The property is located at 51-015 Lau Place Kaaawa, HI.

What is the asking price?

The asking price for this property is $1,499,000.

What are key features of this property?

This property features: 3,004 sq ft two‑story home built in 1975 with 6 bedrooms and 4 full bathrooms; Main level features a bedroom plus a full bath; Open‑concept living and dining area with vaulted ceilings and a spacious kitchen