$2,500,000
$200K PRICE DROP

15 Olinda Rd Makawao, HI 96768

Estimated payment $13,548/month

Total Views 4,027
10 Beds
8 Baths
3,019 Sq Ft
$828 Price per Sq Ft

Highlights

  • 0.54 Acre Lot
  • Wood Flooring
  • Laundry Room
  • Mountain View
  • Lanai
  • Storage Room

About This Home

Amazing investment opportunity. 4 buildings with 8 units. Located in the heart of Makawao town. Walking distance to shops, bakery, art galleries and more. Mature fruit trees in lush landscaping. Washroom and parking lot for tenant's convenience. Beautiful new paint to show off each unique building. Many upgrades. 3 water meters. Not a drive by. Live, rent or develop! Call your favorite realtor to explore the possibilities.

Listing Agent

Claire Gibo

Claire's Realty LLC License #RB-17272 Listed on: 09/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,778

Lot Details

  • 0.54 Acre Lot
  • Property fronts a county road
  • Steep Slope

Home Design

  • Asphalt Shingled Roof
  • Aluminum Roof
  • Double Stud Wall

Interior Spaces

  • 3,019 Sq Ft Home
  • 1-Story Property
  • Storage Room
  • Laundry Room
  • Mountain Views
  • Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Lanai

Schools

  • Makawao Elementary School
  • Samuel E Kalama Intermediate
  • King Kekaulike High School

Utilities

  • No Heating
  • Cesspool
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2240040110000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,778

Lot Details

0

Listing Details

  • View: Mountain(s)
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • LaundryFeatures: Laundry Room
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • SecurityFeatures: Smoke Detector(s)
  • Fireplace: No
  • Interior Features: Storage Room
  • Unit Levels: One, 1 Story
  • LivingArea: 3019
  • Roof: Aluminum/Steel, Asphalt/Comp Shingle
  • Master Plan Zoning: R-3
  • Financial Info Electric: Overhead Electricity
  • Special Features: None

Interior Features

  • Flooring: Carpet, Wood, Vinyl
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 10

Exterior Features

  • Acres: 0.5375
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Wood Siding, Double Wall, Single Wall, Frame
  • Patio And Porch Features: Covered Lanai/Deck

Utilities

  • Sewer: Cesspool, Septic Tank
  • HeatingYN: No
  • Utilities: Phone Connected, Cable Connected
  • Water Source: Public, County Water Meter Ins

Schools

  • Elementary School: Makawao Elementary
  • High School: King Kekaulike High
  • Middle Or Junior School: Samuel E Kalama Intermediate

Lot Info

  • Topography: Steep Slope
  • Lot Size Sq Ft: 23414
  • ResoLotSizeUnits: Acres
  • Parcel #: 2240040110000
  • Zoning Description: Residential

Green Features

Multi Family

  • Building Area Units: Square Feet

Tax Info

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,778 $1,828,300 $1,424,300 $404,000
2024 $4,778 $1,555,600 $1,171,900 $383,700
2023 $3,517 $1,303,300 $919,500 $383,800
2022 $1,114 $465,500 $245,900 $219,600
2021 $2,817 $516,900 $314,800 $202,100
2020 $2,826 $518,500 $314,800 $203,700
2019 $2,712 $484,200 $285,300 $198,900
2018 $2,647 $479,600 $259,000 $220,600
2017 $2,598 $0 $0 $0
2016 $2,453 $462,900 $259,000 $203,900
2015 -- $414,600 $229,500 $185,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2025 10/24/25 Price Changed $2,500,000 -7.4% $828 / Sq Ft
09/01/2025 09/01/25 For Sale $2,700,000 +120.4% $894 / Sq Ft
08/27/2021 08/27/21 Sold $1,225,000 -10.9% $1,019 / Sq Ft View Prior Sale
06/16/2021 06/16/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $1,375,000 0.0% $1,144 / Sq Ft
05/29/2021 05/29/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $1,375,000 0.0% $1,144 / Sq Ft
05/09/2021 05/09/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $1,375,000 -- $1,144 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,225,000 Or
Quit Claim Deed -- Or
Warranty Deed $461,133 None Available
Warranty Deed $525,000 --
Quit Claim Deed $1,000 --
Warranty Deed $1,000 --
Warranty Deed $700,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Fidelity National Title Ins
Interfamily Deed Transfer -- Fidelity National Title Ins
Warranty Deed $175,000 First Hawaii Title Corporati
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $525,000 Unknown
Previous Owner $315,000 No Value Available
Previous Owner $140,000 No Value Available
Source: Public Records

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 406999

Maui MLS (REALTORS® Association of Maui)

APN: 2-2-4-004-011-0000