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703 Kihapai Place, Kailua, HI 96734
4 min walk to Kawai Nui Marsh
20 min walk to the beach
7 min drive to the golf
27 min walk to Kailua Beach
5 min drive to Flat Island - Popoia Island
About lifestyles
A2 zoned 6,000sq ft lot with two duplexes (4 units total, current total rental income $8,675 per month) just a few blocks away from Kailua town. Beautiful mountain views and Maunawilli stream frontage. Walking distance to shops and restaurants, easy access to the Pali Highway. Each unit is a 2bed/ 1bath. 4 electric meters, recently applied for permitting to upgrade all 4 electric meters to 100amp each. One water meter, recently upgraded all water supply lines to copper. The average rent per unit currently is approx $2,169/month. Some rents are below market value. Great tenants, all of them currently are on month-to-month leases and would love to stay. Current monthly expenses: $400 water, $75 yard service, $179 insurance. GE tax $390, property tax $436 per month. Zoning allows for a wide variety of development ideas with one of the lowest tax rates available in Hawaii. Sellers might do 1031 Exchange. Listor is a licensed real estate broker and one of the owners. Multiple tenants, please allow enough time to arrange it when scheduling a showing. Proof of funds/ pre-approval is requested before showing. Please do not disturb the tenants. Also listed in Single Family MLS#202421899.
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Multi-family details
1956 year built
- Year Built 1956
- Year Remodeled 1990
- Original list price $1,939,000
- Days on market 136
- Building type Duplex,Multi Dwellings
- Price per sqft $932/sqft
-
Address
703 Kihapai Place, Kailua, HI, 96734
- Frontage Other, Stream/Canal
- Neighborhood Coconut Grove
- Land tenure FS - Fee Simple
- Land SqFt 6,000 sqft
- View Mountain, Other
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$9,887
Taxes
$436
HOA dues
$0
Mortgage
Down payment
$387,800 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$9,887 / month
Neighborhood: Coconut Grove
Nearby & commute
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
17.5 / 20
Very walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
4 total units
# of 1 Bd
0
# of 2 Bd
4
# of 3 Bd
0
Total Units
4
Amenities & Features
5 parking places
Stories
One
Furnished
None
Roof
Composition
Construction
Above Ground, Single Wall
Utilities
Cable, Internet, Overhead Electricity, Public Water, Sewer Fee
Property Condition
Above Average, Average
Parking
Open
nr.of parking places
5
Amenities
None
Income
Net Operating Income: $86,333
Total Actual Rent
$8,675
Total Annual Operating Expenses
$17,767
Total Income
$104,100
Net Operating Income
$86,333
Coconut Grove prices
Average price $540.5k
Neighborhood average sales price*
$540.5k
Neighborhood median sales price*
$539.5k
Number or sales*
4
*last 6 months
Schools
15 schools with rating up to 6
| School rating | Distance | |
|---|---|---|
|
Huakailani School for Girls
146 Hekili Street STE 104,
Kailua, HI 96734
Elementary School
|
0.387mi | |
|
Huakailani School for Girls
146 Hekili Street STE 104,
Kailua, HI 96734
Middle School
|
0.387mi | |
| out of 10 |
Kailua High School
451 Ulumanu Dr,
Kailua, HI 96734
High School
|
0.644mi |
| School rating | Distance | |
|---|---|---|
|
Huakailani School for Girls
146 Hekili Street STE 104,
Kailua, HI 96734
|
0.387mi | |
| out of 10 |
Kailua Elementary School
315 Kuulei Rd,
Kailua, HI 96734
|
0.401mi |
|
St. Anthony Parish School
148 Makawao Street,
Kailua, HI 96734
|
0.67mi | |
|
Hawaiian Mission Academy Windward Campus
160 Mookua Street,
Kailua, HI 96734
|
0.679mi | |
|
Kailua Christian Academy
1276 Kailua Road,
Kailua, HI 96734
|
0.89mi |
| School rating | Distance | |
|---|---|---|
|
Huakailani School for Girls
146 Hekili Street STE 104,
Kailua, HI 96734
|
0.387mi | |
| out of 10 |
Kailua Elementary School
315 Kuulei Rd,
Kailua, HI 96734
|
0.401mi |
|
St. Anthony Parish School
148 Makawao Street,
Kailua, HI 96734
|
0.67mi | |
|
Hawaiian Mission Academy Windward Campus
160 Mookua Street,
Kailua, HI 96734
|
0.679mi | |
| out of 10 |
Kailua Intermediate School
145 South Kainalu Dr,
Kailua, HI 96734
|
0.685mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Kailua High School
451 Ulumanu Dr,
Kailua, HI 96734
|
0.644mi |
|
Kailua Christian Academy
1276 Kailua Road,
Kailua, HI 96734
|
0.89mi | |
| out of 10 |
Kalaheo High School
730 Iliaina St,
Kailua, HI 96734
|
1.181mi |
|
Le Jardin Academy
917 Kalanianaole Hwy,
Kailua, HI 96734
|
1.689mi | |
|
Trinity Christian School
875 Auloa Road & 1110 Kailua Road,
Kailua, HI 96734
|
1.723mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
New Listing Oct 11, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Oct 11, 2024 | New Listing | $1,939,000 -5.41% | $932.21 | MLS #202421887 |
| May 6, 2024 | Cancelled | $2,050,000 | $985.58 | MLS #202401479 |
| Feb 26, 2024 | New Listing | $2,050,000 | $985.58 | MLS #202401479 |
| Feb 4, 2024 | Coming Soon | $2,050,000 +37.58% | $985.58 | MLS #202401479 |
| Feb 2, 2022 | Cancelled | $1,490,000 | $716.35 | MLS #202124189 |
| Feb 2, 2022 | Back On Market | $1,490,000 | $716.35 | MLS #202124189 |
| Dec 14, 2021 | Active Under Contract | $1,490,000 | $716.35 | MLS #202124189 |
| Nov 9, 2021 | Back On Market | $1,490,000 | $716.35 | MLS #202124189 |
| Nov 1, 2021 | Active Under Contract | $1,490,000 | $716.35 | MLS #202124189 |
| Sep 20, 2021 | New Listing | $1,490,000 -53.44% | $716.35 | MLS #202124189 |
| Jul 9, 2021 | Cancelled | $3,200,000 | $1,538.46 | MLS #202027374 |
| Oct 19, 2020 | New Listing | $3,200,000 | $1,538.46 | MLS #202027374 |
| Oct 17, 2020 | Coming Soon | $3,200,000 +3.9% | $1,538.46 | MLS #202027374 |
| Apr 30, 2019 | Cancelled | $3,080,000 | $1,480.77 | MLS #201829478 |
| Feb 4, 2019 | Price Decrease | $3,080,000 -3.75% | $1,480.77 | MLS #201829478 |
| Dec 19, 2018 | Back On Market | $3,200,000 | $1,538.46 | MLS #201829478 |
| Nov 23, 2018 | Active Under Contract | $3,200,000 | $1,538.46 | MLS #201829478 |
| Nov 15, 2018 | New Listing | $3,200,000 | $1,538.46 | MLS #201829478 |
Tax & MLS details 703 Kihapai Place, Kailua, HI, 96734
12 - A-2 Medium Density Apartme zoning / MLS #202421887
Current Property Taxes p/month
$436
Property Tax Year
2024
Assessed Improvement value
$183,100
Assessed Land value
$1,312,000
TMK
1-4-3-058-040-0000
Land Recorded
Land Court
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone AH
Topography
Level
Location
Cul-De-Sac,Dead End
Lot Description
Clear
Property Setbacks
C&C
Total Assessed value
$1,495,100
Listed by
Town and Country Real Estate
(808) 389-4004
(808) 389-4004
MLS #
202421887
Hawaii House tour report for this multi-family home
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Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Frequently asked questions for 703 Kihapai Place
When was this multi-family home built and last sold?
This house was build in 1956.
What is the full address of this multi-family home?
703 Kihapai Place, Kailua, HI, 96734.
Are there beaches near 703 Kihapai Place?
The nearest beach is 0.882 miles away. It should take about 20 min walk.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2025 by HiCentral Mls, Ltd. Listing courtesy of Town and Country Real Estate. Some 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. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on October 13, 2024.
Hawaii House Last checked less than a minute ago.
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