3198 Wawae Rd, Kalaheo, HI 96741 (MLS # 710567)
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Income-Producing Property in Lawai Valley Estates - Seller Financing Available
Unique opportunity to own a serene, multi-unit property in Lawai Valley Estates with 4 permitted rental units + office/storage space on one lot. Live in one and rent the rest"”or lease all for maximum income. Fully furnished and income ready.
Units & Rents:
* Upstairs Main Home - 1BD/1BA | $2,850/mo + 30% electric | Private yard, fireplace
* Downstairs Main Home - 4BD/2BA | $5,700/mo + 40% electric (additional $900/mo if rented to extra person per contract) | Attached garage (half), lofts, lanai, courtyard| Attached garage (half), lofts, lanai, courtyard
* Studio Cottage - 1BD/¾BA | $2,700/mo + 20% electric | Loft bedroom, outdoor shower, lanai
* Caretaker's Cottage + Half Garage Office/Storage - 1BD/¾BA + half of garage office/storage space | $2,850/mo + 10% electric | Screened lanai, valley views, private rear entrance to office/storage
Financials:
Total Monthly Income: $14,100-$15,000
Seller Financing Terms:
10% Down ($255,000)
4.75% Interest
Up to 5-Year Term
Approx. P&I Payment: $11,971.81/month
Additional Info:
- Fully furnished
- Private courtyards and lanais
- Chimenea fireplaces in main units
- By appointment only - do not disturb tenants
- Property does not match county records - buyer to verify
- Seller requests leaseback of Caretaker's Cottage + garage space for up to 2 years at $2,850/mo + 10% electric; open to assisting with property management for reduced lease rate
Excellent investment opportunity with flexible use and immediate rental income in a lush Kauai valley setting.
| DAYS ON MARKET | 457 | LAST UPDATED | 2/20/2025 |
|---|---|---|---|
| TRACT | KALAHEO HOMESTEADS | YEAR BUILT | 1995 |
| COUNTY | Kauai | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Feb 20, '25 | $2,700,000 |
|---|---|
| Feb 20, '25 - Today | $2,550,000 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Dishwasher, Dryer, Electric Cooktop, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked |
|---|---|
| LOT | 15159 acre(s) |
| PARKING | Assigned |
| SEWER | Cesspool, Septic Tank |
| SUBDIVISION | KALAHEO HOMESTEADS |
| TAXES | 3186.18 |
| UTILITIES | Electricity Available, Underground Utilities |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean, Forest, Garden, Mountain(s), Pasture |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
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*Estimate only
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Listed with eXp Realty
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 8/6/25 7:43 PM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
active listings last updated on 8/6/25 7:43 PM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
This IDX solution is (c) Diverse Solutions 2025.