84-290 Makaha Valley Rd, Waianae, HI, 96792
About This Home
Great investment opportunity to own a beautiful 1-acre, fully permitted multi-unit, income-producing property located in the peaceful Makaha Valley! Property has 3 legal structures that were fully remodeled in 2024 & 2026: 1) 4 bed/ 2.5 bath main house with window A/C in the bedrooms 2) two-story concrete building - 5 bed/ 2 bath upstairs unit & 5 bed/ 2 bath downstairs unit 3) one-bedroom cottage with a detached single bedroom. This property currently generates $9,900 per month in rental income from three occupied units, with one additional vacant unit projected at $3,600 per month based on current market rent. Upon full occupancy, the projected gross rental income is $13,500 per month, or $162,000 annually. Because all units are legally permitted, the property should be evaluated not only by comparable residential sales, but also by its income-producing capability using an income approach. Lots of parking. Large deck to relax and entertain in the spacious backyard with mango trees and other fruit trees. Property is on cesspool. Near beaches, gas stations, bus lines. Tax records may not match, some unpermitted areas but original structures legal. Property to be sold AS IS.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Good Condition,Updated/Remodeled
- Year built: 1974
Materials
- Construction materials: Hollow Tile,Single Wall,Wood Frame
Notable Dates
- Major remodel year: 2024
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage,Detached,Multiplex,Duplex
- Property subType: Duplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 15
- Bathrooms: 8
- Full bathrooms: 7
- 1/2 bathrooms: 1
Features
- Flooring: Vinyl
Interior Area
- Total structure area: 4,384
- Total interior livable area: 4,384 sqft
Property
Details
- Parcel number: 1840210600000
- Zoning description: 56 - Country District
- Special condition: None
Features
- Levels: One,Two
- Stories: 1
- Pool features: None
- Has view: Yes
- View description: Mountain(s)
- Topography of land: Level
Lot
- Features: Interior Lot,Other,Level
Parking
- Total spaces: 10
- Parking features: Boat,Carport,Three or more Spaces
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Wildfire
- Inland Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Hawaii Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,108 | $121,296 |
| Home Insurance * | $528 | $6,336 |
| Property Taxes | $515 | $6,180 |
| Electricity | $1,411 | $16,940 |
| Total | $12,562 | $150,744 |
Income You'd Need if You Spent...
Hawaii FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-04 | Listed for sale | $1,999,000 |
| 2026-04-11 | Listing removed | $2,000 |
| 2026-03-31 | Listed for rent | $2,000 |
| 2025-03-20 | Listing removed | $4,300 |
| 2025-03-12 | Price change | $4,300 |
| 2025-02-03 | Listed for rent | $4,500 |
| 2024-08-06 | Sold | $1,350,000 |
| 2024-05-13 | Contingent | $1,399,000 |
| 2024-04-13 | Listed for sale | $1,399,000 |
| 2024-02-27 | Listing removed | $1,399,000 |
| 2024-02-23 | Listed for sale | $1,399,000 |
| 2018-07-01 | Listing removed | $939,000 |
| 2018-04-12 | Listed for sale | $939,000 |
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