Two-Home Duplex
4806 IIWI RD, Kapaa, HI 96746
For Sale
$1,399,999
Residential Income, Kapaa, HI
Property Size2,718 SF
Lot Size0.26 Acres
Price / SF$515.08
Days on Market337
Property Features for 4806 IIWI RD
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Fireplace
Appliances
Subdivision
Lot features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Amenities
fireplace
split AC units
window AC units
sun deck
outdoor shower
fenced yard
carport
Building Details
Year built
Floors in Building
Flooring type
Buildings
Listing Agency:
Keller Williams Honolulu · Keller Williams Realty
(808) 596-2888
Listed By:
Josiah O Sinagra · License HI RS-86644
(808) 634-8238
Added: Dec 9, 2025
Changed: Oct 26
Last Checked: Nov 10 at 11:06AM
MLS# 724656
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.
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Investment Insights
Based on property information with market context.
This R-4-zoned duplex property comprises two detached homes with a combined 2,718 square feet of living area and six bedrooms. Updates to the front residence include interior and exterior paint, vinyl plank flooring, a remodeled kitchen, and a refreshed bathroom. It also has a vaulted great room with a wood-burning fireplace. The rear home features a granite-counter kitchen, a newly added open family room, office space, a sun deck, and air conditioning in the living room and primary bedroom. Both roofs have been redone.
The 0.2579-acre parcel is across from Kapaʻa Elementary and Mahelona Hospital, with Kealia Beach, the coastal bike path, and Kapaʻa town amenities described as minutes away. A 720-square-foot covered carport/garage, driveway parking, a fenced yard, and an outdoor shower with a half bath near the garage round out the property’s features.
The 0.2579-acre parcel is across from Kapaʻa Elementary and Mahelona Hospital, with Kealia Beach, the coastal bike path, and Kapaʻa town amenities described as minutes away. A 720-square-foot covered carport/garage, driveway parking, a fenced yard, and an outdoor shower with a half bath near the garage round out the property’s features.
Key Highlights
- Two detached homes with a combined 2,718 square feet
- Six bedrooms across the two residences
- 0.2579‑acre parcel zoned R‑4
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,690
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,800
$1.2M
Cap Rate 7%
$881,286
$881.3K
Cap Rate 9%
$685,444
$685.4K
Market Conditions
NOI Build-Up for 2,718 SF
Gross rent
$91.3K $33.60/SF
− Vacancy
−$3.2K −$1.18/SF
EGI
$88.1K $32.42/SF
− OpEx
−$26.4K −$9.73/SF
NOI
$61.7K $22.70/SF
Area
Kauai County, HI
Vacancy
3.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,800
Cap Rate 7%
$881,286
Cap Rate 9%
$685,444
Alternative Uses
Best Use
Multifamily LT 5
$881.3K
$771.1K – $1.03M
NOI $61,690 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$787.3K
$688.9K – $918.5K
NOI $55,108 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$1.09M
$951.8K – $1.27M
NOI $76,142 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Demographics for 96746, HI
19,991
Population
8,178
Households
2.4
Avg Household Size
43
Median Age
32%
College-Educated
95%
High-School Grad
29.8 sq mi
ZIP Area
671
Density / Sq Mi
$89,681
Median Household Income
$41,624
Median Earnings
$2,053
Median Rent
$830,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two detached residences provide six bedrooms, updated interior features, and flexible living arrangements on one parcel.
Where is this duplex located?
The property is located at 4806 IIWI RD Kapaa, HI.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Two detached homes with a combined 2,718 square feet; Six bedrooms across the two residences; 0.2579‑acre parcel zoned R‑4
