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Waterfront Multifamily Compound

865 N Kalaheo Ave, Kailua, HI 96734

For Sale
$4,750,000

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

Property Size27,725 SF
Price / SF$171.33
Days on Market51

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: Engel & Volkers Honolulu
Listed By: Ben Fieman · License #RB-23470
Source: Fieman
Added: Sep 18 Changed: Nov 6 Last Checked: Nov 6 at 8:31AM

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 Engel & Volkers Honolulu

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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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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
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Market

Average Price Trend$/SF for Multifamily properties in Honolulu County, HI

$731 Jul
$642 Aug
$527 Sep
$531 Oct

Properties on Market for Multifamily properties in Honolulu County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

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 $4,750,000.
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
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