265 Kenolio Rd - Apartments FOR SALE


Kihei, HI 96753
$3,895,000 USD
808-281-6339
265 Kenolio Rd, Kihei, HI for Sale
$3,895,000 USD
Apartments - FOR SALE
1/30
null | 4.93% Cap Rate

265 Kenolio Rd
Kihei, HI 96753


HIGHLIGHTS

  • Walking distance to ocean, within 15 minutes to hospital, well-maintained, ample parking, AC in all units, zoning allowed for additional builds

OVERVIEW

Just one block from the ocean, this rare estate in Kihei offers exceptional income and expansion potential. Zoned R2 and spanning 32,670 sq. ft., the property allows for up to four homes and two ohanas—double its current setup of two homes and one ohana—making it ideal for investors, employee housing, or multi-family living. The lush tropical grounds create privacy and a true island feel, surrounding three well-positioned dwellings with ample parking. The two-story back house features five private rooms with separate entrances (four with Murphy beds) and an upper-level unit complete with full kitchen, spa-style bath, large bedroom, living area, and rooftop deck with private jacuzzi and panoramic ocean and mountain views. The Back House can function as one large home or separate, private rentable units. The front house includes four bedrooms, two bathrooms, and a fully private upstairs unit with its own entrance, wet bar, remodeled bath, and living area—perfect as a separate rental or a mother-in-law suite. The detached Ohana includes a full kitchen and bathroom, plus an outdoor enclosed half-bath and shower—ideal for rinsing off after beach time. With no HOA, AC throughout, furnished interiors, an owned photovoltaic system, two water meters, and a purchased transformer, this unique property is fully equipped and ready for the next chapter—whether that’s expansion, rental income, or long-term vision.

FOR SALE DETAILS

PRICE

$3,895,000 USD

PRICE/SF

$888 USD /SF

# OF UNITS

10

PRICE/UNIT

$389,500

CAP RATE

4.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rental Income, Multi-Family, Staff Housing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,537 SF

ZONING

R-2

APN/PARCEL ID

2-3-9-015-020-0000

ASK ABOUT THIS PROPERTY

Monica BerneyThe AgencyMore Info
808-281-6339

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Monica BerneyThe AgencyMore Info
808-281-6339

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.