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Kapaa, HI

Multifamily

Kapaa, HI Multifamily Properties for Sale

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Anahola, HI Kilauea, HI Lihue, HI Princeville, HI Hanalei, HI Koloa, HI Kalaheo, HI Hanapepe, HI

Four-Unit Duplex Income Property

Updated: Jul 6

Four-Unit Duplex Income Property

4639 LEHUA ST, Kapaa, HI 96746

$2,200,000

2,970 sqft 0.19 AC lot

Two duplexes with 4 total income‑producing units, all connected to sewer
Each duplex has its own water meter; total of 2 water meters and 5 electric meters across units and exterior lighting/security
Each unit includes a full kitchen with refrigerator and range plus ceramic tile flooring and granite kitchen counters
Zoned SPA‑A, offering versatility for commercial business, rental income, or owner‑occupied residence (buyers to verify permitted uses with the County)
Year built 1986

This listing looks promising.

Here's a quick look at some key insights for

4639 LEHUA ST, Kapaa, HI 96746

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Est. Cap Rate

3.1%
NOI ÷ price
Est. NOI

$67K
Annual
Price @ 7% Cap

$963K
Suggested
Property Type

Single Family Residence
Built 1986

View Property Analytics

Kapaa Multi-Family Opportunity

Updated: Dec 8, 2025

Kapaa Multi-Family Opportunity

4806 Iiwi Road, Kapaa, HI 96746

$1,399,999

0.25 AC lot

Two standalone homes on over a quarter acre, ideal for multi‑generational living.
Prime location in Kapa'a House Lots, close to schools, hospital, beach, bike path, and town amenities.
Front home features remodeled kitchen, updated bath, new luxury vinyl flooring, and vaulted‑ceiling great room with fireplace.
Back home includes split A/C, Koa cabinetry, granite counters, refreshed baths, new open concept living room, office space, and sun deck with outdoor shower and half bath.
Includes a 720 sqft carport/garage, ample parking, and fenced yard.

Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 2 Active listings in Kapaa, HI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Triplex with Commercial Zoning

Triplex with Commercial Zoning

3559 HANAPEPE RD, Hanapepe, HI 96716

$1,850,000

3,700 sqft 0.22 AC lot

Triplex with air-conditioned units and former commercial kitchen, offered with C-G zoning for flexible use options.

Multi-Unit Income Compound

Multi-Unit Income Compound

3198 WAWAE RD, Kalaheo, HI 96741

$2,499,000

2,950 sqft 0.35 AC lot

Four individually configured units on a single property, each with in-unit washer and dryer, plus an additional flexible garage conversion.

Triplex with Commercial Zoning

Triplex with Commercial Zoning

3559 Hanapepe Road, Unit 3, Hanapepe, HI 96716

$1,850,000

3,700 sqft

Three air-conditioned units and a former commercial kitchen provide flexible configuration under commercial zoning.

R-4 Multi-Unit Property with 10 Dwellings

R-4 Multi-Unit Property with 10 Dwellings

2521 TEXEIRA LP, Kalaheo, HI 96741

$4,750,000

9,462 sqft 1.61 AC lot

R-4 zoned parcel with 10 free-standing dwellings and long-term tenant leases, plus strong site planning flexibility.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Clearlake Land/Lot Opportunity

Clearlake Land/Lot Opportunity

3519 Covelo Street, Clearlake, CA 95422

Contact for pricing

0.13 AC lot

Three adjoining lots near Pomo school, ideal for manufactured home.

Affordable Building Lot in Cave Junction

Affordable Building Lot in Cave Junction

N Old Stage Road, Cave Junction, OR 97523

Contact for pricing

0.19 AC lot

Level lot with city utilities in cozy SW Oregon community.

Acreage in Olive City

Acreage in Olive City

17315 Rancho Tehama Rd, Corning, CA 96021

Contact for pricing

1.02 AC lot

1.02 acre parcel in Corning, California, ideal for homesteading.

Residential Homesite Land

Residential Homesite Land

16305 Hillcrest Drive, Corning, CA 96021

Contact for pricing

1.86 AC lot

1.86-acre homesite in the Rancho Tehama community with utilities nearby and access to a community park.

Off-Market Properties in Kapaa, HI

Consider similar Off-Market properties in Kapaa, HI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (UNDER 5 UNITS)

401 Papaloa Rd, Kapaa, HI 96746-1418

Value Estimation by Request

7,964 sqft 5.84 AC lot

4-1250 Kuhio Hwykc01

APARTMENT HOUSE (UNDER 5 UNITS)

4-1250 Kuhio Hwykc01, Kapaa, HI 96746-1658

Value Estimation by Request

446 sqft

APARTMENT HOUSE (UNDER 5 UNITS)

4563 Kukui St, Kapaa, HI 96746-1718

Value Estimation by Request

5,008 sqft 0.35 AC lot

4-738 Kuhio Hwy

APARTMENT HOUSE (UNDER 5 UNITS)

4-738 Kuhio Hwy, Kapaa, HI 96746-1500

Value Estimation by Request

2,740 sqft 0.44 AC lot

4-1250 Kuhio Hwykc02

APARTMENT HOUSE (UNDER 5 UNITS)

4-1250 Kuhio Hwykc02, Kapaa, HI 96746-1658

Value Estimation by Request

436 sqft

4-1250 Kuhio Hwykc03

APARTMENT HOUSE (UNDER 5 UNITS)

4-1250 Kuhio Hwykc03, Kapaa, HI 96746-1658

Value Estimation by Request

314 sqft

Kapaa, HI Multifamily Properties Market Trends and Statistics

Explore 8 multifamily properties for sale in Kapaa, HI on our real estate platform. These investment opportunities span a total of 2,970 square feet of properties for sale, with an estimated market value of $3,599,999.

Sale prices for multifamily properties in Kapaa, HI start at $1,399,999, averaging $1,799,999, and reaching up to $2,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 21K

Population Growth (5Y) +6.4%

Median Household Income $89,681

College Educated 41.3%

High-Yield Neighborhoods for Investment

Identify Kapaa submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
96746	$1.8M

Taxes & Financing

Tax Rate (average for all types) 0.75%

Property Tax per SF $6.11 per SF

Tax Rate vs County Average 0.03 pp below county avg

Average Loan-to-Value 65.0%

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