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Waterfront Multifamily Compound
New
For Sale
$4,900,000

865 N Kalaheo Ave, Kailua, HI 96734

Flexible residential layout with private entrances, multiple living areas, parking, and direct access to the canal-side yard.

Property Size27,725 SF
Price / SF$176.74
Days on Market4

Property Features for 865 N Kalaheo Ave

General Information

Standard status Active
Size 27,725 SF
Property subtype Multi-Family

Building Details

Year Built 1953
Listing Agency: Bratton Realty Advisors Ltd
Listed By: Ben Fieman · License #RB-23470
Source: Fieman
Added: Sep 18 Changed: Sep 21 Last Checked: Sep 21 at 6:49AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bratton Realty Advisors Ltd

Investment Insights

Based on property information with market context.

Located at 865 N Kalaheo Ave in Kailua, this 27,725-square-foot multifamily property comprises a flexible residential compound with multiple suites and separate entrances. The original single-level home includes 3 bedrooms and 2 baths, while two additional wings each provide 2 bedrooms and 1 bath. A separate living area adds 3 bedrooms and 2.5 baths upstairs, with access to a view lanai. The ground level includes a 2-car enclosed garage, workshop, and an additional 1-bedroom, 1-bath wing.

The property includes more than 295 feet of direct waterfront along a canal, a yard suited to kayak and stand-up paddleboard access, and mountain views. It is positioned one street from the beach and near restaurants, businesses, shopping centers, the Pali, and H-3. Additional features include 117 owned PV panels and an EV charger. The property was built in 1953.

Key Highlights

  • 27,725‑square‑foot multifamily compound with multiple suites and private entrances
  • More than 295 feet of direct waterfront along a canal
  • Original home includes 3 bedrooms and 2 baths; two wings each have 2 bedrooms and 1 bath

Property Analytics

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Current Use

Multifamily properties

Location Intelligence

Demographics for 96734, HI

49,922
Population
18,208
Households
2.7
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
21.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$131,554
Median Household Income
$56,374
Median Earnings
$3,297
Median Rent
$1,246,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Flexible residential layout with private entrances, multiple living areas, parking, and direct access to the canal-side yard.
Where is this multifamily property located?
The property is located at 865 N Kalaheo Ave Kailua, HI.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 27,725‑square‑foot multifamily compound with multiple suites and private entrances; More than 295 feet of direct waterfront along a canal; Original home includes 3 bedrooms and 2 baths; two wings each have 2 bedrooms and 1 bath
More about this property
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