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87-274D St Johns Road, Waianae, HI 96792
9 min walk to Maili Community Park
16 min walk to the beach
5 min drive to Ulehawa Beach
11 min walk to Ma'ili
About lifestyles
FIVE HOUSES. A prime investment opportunity in Waianae, Hawaii, offering exceptional value in Hawaii’s most promising market. This newly redeveloped multi-family property on St. John's Road sits on 28,785 SF of R-5 zoned land and features five turnkey homes, each with 3 bedrooms, 2 bathrooms, and a two-car carport, making it attractive for 1031 exchange investors seeking high income-generating potential with a stabilized gross monthly income of $13,000.
With competitive pricing, this property stands out in the local market, offering strong return on investment. Each home is upgraded with new walls, paint, flooring, high-end fixtures, and modern kitchens, along with private, spacious yards and separate electric meters. Located on a peaceful cul-de-sac, the master suites feature en-suite bathrooms with showers, while second bathrooms include tubs for added convenience.
Key investment features:
Modern kitchens with new appliances (refrigerator and stove)
Expansive, fenced yards with washer/dryer hookups
Two-car carports for each home
All homes are legally permitted with potential for CPR (Condominium Property Regime) development, further enhancing long-term investment value.
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Multi-family details
1946 year built
- Year Built 1946
- Year Remodeled 2022
- Original list price $3,250,000
- Days on market 690
- Building type Multi Dwellings
-
Address
87-274D St Johns Road, Waianae, HI, 96792
- Neighborhood Maili
- Land tenure FS - Fee Simple
- Land SqFt 28,785 sqft
- View None
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$12,747
Taxes
$347
HOA dues
$0
Mortgage
Down payment
$500,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$12,747 / month
Neighborhood: Maili
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
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no data
Local airport
—
no data
11.5 / 20
Somewhat 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
5 total units
# of 1 Bd
0
# of 2 Bd
0
# of 3 Bd
5
Total Units
5
Amenities & Features
12 parking places
Stories
One
Roof
Asphalt Shingle
Construction
Double Wall, Wood Frame
Utilities
Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Property Condition
Excellent
Parking
Covered
nr.of parking places
12
Amenities
None
Income
Net Operating Income: $135,528
Total Actual Rent
$13,000
Total Annual Operating Expenses
$20,472
Total Income
$156,000
Net Operating Income
$135,528
Maili prices
Average price $822.63k
Neighborhood average sales price*
$822.63k
Neighborhood median sales price*
$515k
Number or sales*
17
Street median sales price*
$470k
*last 6 months
Schools
15 schools with rating up to 8
| School rating | Distance | |
|---|---|---|
| out of 10 |
Maili Elementary School
87360 Kulaaupuni St,
Waianae, HI 96792
Elementary School
|
0.2mi |
| out of 10 |
Maili Elementary School
87360 Kulaaupuni St,
Waianae, HI 96792
Middle School
|
0.2mi |
|
Maili Bible School
87-138 Gilipake Street,
Waianae, HI 96792
High School
|
0.296mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Maili Elementary School
87360 Kulaaupuni St,
Waianae, HI 96792
|
0.2mi |
|
Maili Bible School
87-138 Gilipake Street,
Waianae, HI 96792
|
0.296mi | |
| out of 10 |
Leihoku Elementary School
86285 Leihoku St,
Waianae, HI 96792
|
1.429mi |
|
Adventist Malama Elementary School
86-72 Farrington Highway,
Waianae, HI 96792
|
1.597mi | |
| out of 10 |
Waianae Elementary School
85220 McArthur St,
Waianae, HI 96792
|
2.054mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Maili Elementary School
87360 Kulaaupuni St,
Waianae, HI 96792
|
0.2mi |
|
Maili Bible School
87-138 Gilipake Street,
Waianae, HI 96792
|
0.296mi | |
| out of 10 |
Leihoku Elementary School
86285 Leihoku St,
Waianae, HI 96792
|
1.429mi |
|
Adventist Malama Elementary School
86-72 Farrington Highway,
Waianae, HI 96792
|
1.597mi | |
| out of 10 |
Waianae Elementary School
85220 McArthur St,
Waianae, HI 96792
|
2.054mi |
| School rating | Distance | |
|---|---|---|
|
Maili Bible School
87-138 Gilipake Street,
Waianae, HI 96792
|
0.296mi | |
| out of 10 |
Kamaile Academy
85180 Ala Akau St,
Waianae, HI 96792
|
3.062mi |
| out of 10 |
Waianae High School
85251 Farrington Hwy,
Waianae, HI 96792
|
3.124mi |
| out of 10 |
Nanakuli High & Intermediate School
89980 Nanakuli Ave,
Waianae, HI 96792
|
3.303mi |
|
Island Pacific Academy
909 Haumea Street,
Kapolei, HI 96707
|
8.298mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Back On Market Sep 24, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Sep 24, 2024 | Back On Market | $2,500,000 | 0 | MLS #202226278 |
| Sep 24, 2024 | Price Decrease | $2,500,000 -13.79% | 0 | MLS #202226278 |
| Jun 17, 2024 | Hold | $2,900,000 | 0 | MLS #202226278 |
| May 22, 2023 | Price Decrease | $2,900,000 -10.77% | 0 | MLS #202226278 |
| Dec 27, 2022 | New Listing | $3,250,000 +225% | 0 | MLS #202226278 |
| Sep 2, 2021 | Sold | $1,000,000 -20.63% from last sold price | 0 | Public Record |
| Aug 4, 2021 | In Escrow - not showing | $1,260,000 | 0 | MLS #202108184 |
| Jun 16, 2021 | Active Under Contract | $1,260,000 | 0 | MLS #202108184 |
| Apr 1, 2021 | New Listing | $1,260,000 | 0 | MLS #202108184 |
Tax & MLS details 87-274D St Johns Road, Waianae, HI, 96792
05 - R-5 Residential District zoning / MLS #202226278
Current Property Taxes p/month
$347
Property Tax Year
2022
Assessed Improvement value
$81,200
Assessed Land value
$1,108,400
TMK
1-8-7-004-022-0000
Land Recorded
Dual Systems
Zoning
05 - R-5 Residential District
Flood Zone
Zone X
Topography
Level
Location
Cul-De-Sac
Lot Description
Flag Lot
Property Setbacks
None
Total Assessed value
$1,189,600
Listed by
Hawaii Real Estate Properties
(808) 218-0864
(808) 218-0864
MLS #
202226278
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 87-274D St Johns Road
When was this multi-family home built and last sold?
This house was build in 1946.
What is the full address of this multi-family home?
87-274D St Johns Road, Waianae, HI, 96792.
Are there beaches near 87-274D St Johns Road?
The nearest beach is 0.482 miles away. It should take about 16 min walk.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2025 by HiCentral Mls, Ltd. Listing courtesy of Hawaii Real Estate Properties. 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 September 25, 2024.
Hawaii House Last checked 1 minute ago.
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