Kailua, HI Multifamily Homes & Duplexes for Sale

/22
$895,000
- 4 Beds
- 4 Baths
- 2,170 Sq Ft
75-190 Alakai St, Kailua Kona, HI 96740

Welcome to an incredible investment opportunity at 75-190 ALAKAI ST—a multifamily/duplex, fixer-upper bursting with potential! This property offers several separate units ripe for renovation, making it an ideal project for investors or owner-occupants ready to create a customized living space.Layout of the multifamily home: -Upper level front: 2bd/1bth with a kitchen/ living room

Kurtis Becker

Coldwell Banker Island Properties - Kona

(808) 400-3617

75-190 Alakai St, Kailua Kona, HI 96740
Explore Kailua
/25
$1,829,990
- 6 Beds
- 4 Baths
- 2,896 Sq Ft
232 Kihapai St Unit A, Kailua, HI 96734

Special Newly Renovated 2-Family Residence in KailuaBeautifully remodeled two-story home in the heart of Kailua—ideal for multi-generational living or rental income. This flexible property offers two fully equipped living spaces.Main Level: 3 beds, 2 baths, full kitchen, 2 separate entrances, and yard access.Upper Level: 3 beds, 2 baths, full kitchen, open-concept living with ceiling

Theresia M Wolff Real Broker, LLC

232 Kihapai St Unit A, Kailua, HI 96734
/30
$1,880,000
- 5 Beds
- 3.5 Baths
- 2,650 Sq Ft
75-954 Hiona St, Holualoa, HI 96725

Surround yourself with your own hardwood tree forest while enjoying amazing city, coastline, bay and sunset views from this 3-acre estate, situated on the side of Hualalai mountain and nestled on top of rock wall terraces just minutes from Kailua-Kona, Costco and all the amenities of a small Hawaiian resort town... (list of exotic Trees available) •Main Residence 3 bedrooms 2.5 baths plus

Wayne Ross

75-954 Hiona St, Holualoa, HI 96725
/22
$5,890,000
- 6,507 Sq Ft
54 Maluniu Ave, Kailua, HI 96734

5% cap rate on current income! This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units

Michael Okamoto Standard Management LLC

54 Maluniu Ave, Kailua, HI 96734
/23
$1,600,000
- 6 Beds
- 8 Baths
- 4,592 Sq Ft
75-5725 Lamaokeola St, Kailua Kona, HI 96740

Nestled only minutes from the hustle and bustle of Kailua-Kona town you will find peace and relaxation with these TWO three bedroom four bath residential homes with some ocean views.These two homes were designed to offer the best Hawaii-style indoor and outdoor living and are just a short walk to Kailua Kona pier.Lono-Kona Subdivision is a close to Kailua Kona and is perfect for

Saul Brecher COMPASS

75-5725 Lamaokeola St, Kailua Kona, HI 96740

Hawaii Honolulu County Kailua

Why Live in Kailua

Kailua, Hawaii, located on O’ahu’s Windward Coast, is a vibrant beach town known for its stunning coastline and laid-back atmosphere. The area is celebrated for its top-rated Lanikai and Kailua beaches, which are frequently listed among the world's best. These beaches offer turquoise waters and white sands with views of the Mokulua Islands, attracting both locals and tourists for activities like windsurfing, kayaking, and paddleboarding. The nearby Ko’olau Mountains provide popular hiking trails such as the Lanikai Pillbox and Maunawili Falls, offering breathtaking views. Kailua Town, a walkable area filled with surf shops, international restaurants, and boutiques, is a hub for community events like the Aloha Home Market and Kailua Farmers’ Market. The town's real estate varies from mountain-view homes in Olomana to beachfront estates in Lanikai. The Windward School District serves the area, with Ka’ohao School standing out for its high ratings. Kailua experiences mostly sunny weather with occasional afternoon showers, especially in the winter months. The crime rates are lower than the national average, contributing to a sense of safety. While traffic can be congested, especially near popular areas and during rush hour, the flat terrain makes walking and biking common. Public transportation is available through TheBus, connecting Kailua to other parts of the island, including a 10-mile route to Honolulu.

Learn more about living in Kailua

Home Trends in Kailua, HI

On average, homes in Kailua, HI sell after 93 days on the market compared to the national average of 70 days. The median sale price for homes in Kailua, HI over the last 12 months is $950,000, up 12% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$950,000

Median Single Family Sale Price

$3,000,000

Median Townhouse Sale Price

$840,000

Median 2 Bedroom Sale Price

$1,375,000

Average Price Per Sq Ft

$798

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

0.80

Median List Price

$960,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

12%

How to Buy a Home How to Finance a Home How to Sell a Home

In Kailua, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $895,000 to $5,890,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Kailua is $960,000, while the average sale price is $1,086,729, offering insights into the local housing market. On average, multi-family homes spend 93 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Kailua, HI.

Kailua Types of Homes for Sale

More About Living in Kailua

Homes in Nearby Neighborhoods

Homes in Nearby Cities

Homes in Nearby Counties

Honolulu County Homes for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.