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408 N Kainalu Drive, Kailua, HI 96734
5 min walk to North Kalaheo Avenue at Pueohala P
7 min walk to Kailua Beach
22 min walk to Castles
About lifestyles
"PRICE REDUCED" Great Multifamily or Investment Property, just two short blocks from Kailua Beach and in a corner lot. The spacious Main part of the House features 4 bedrooms, 3 bathrooms & pavilion, plus 3 additional living quaters. One ADU with 2 bedrooms 1 bath. One Upstairs space with 2 bedrooms 1 bath, and a spacious Studio cottage. All units have living rooms, separated entrances & private courtyards,. Among some other features of the property you will find a Spacious Pavilion, Perimeter Block fence, Mature landscaping, PV panels & solar water heather, 9 ft. ceilings, newer roof, a large storage & workshop, 2 carports & plenty of parking, and many updates and improvements. Enjoy Kailua living at best & get rental income too. Income figures are approximated. Schedule your private tour today.
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Multi-family details
1948 year built
- Year Built 1948
- Year Remodeled 2016
- Original list price $2,185,000
- Days on market 258
- Building type Duplex,Multi Dwellings
- Price per sqft $393/sqft
-
Address
408 N Kainalu Drive, Kailua, HI, 96734
- Frontage Other
- Neighborhood Kalama Tract
- Land tenure FS - Fee Simple
- Land SqFt 10,000 sqft
- View Garden, Mountain
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$10,198
Taxes
$453
HOA dues
$0
Mortgage
Down payment
$400,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$10,198 / month
Neighborhood: Kalama Tract
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
12.17 / 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
4 total units
# of 1 Bd
0
# of 2 Bd
2
# of 3 Bd
1
Total Units
4
Amenities & Features
4 parking places
Stories
One, Two
Furnished
Full
Roof
Asphalt Shingle
Construction
Double Wall, Single Wall, Wood Frame
Utilities
Cable, Internet, Overhead Electricity, Public Water, Sewer Connection Reqd, Sewer Fee, Water
Property Condition
Above Average
Parking
Covered, Open
nr.of parking places
4
Amenities
Storage
Income
Net Operating Income: $118,000
Total Actual Rent
$10,500
Total Annual Operating Expenses
$8,000
Total Income
$10,500
Net Operating Income
$118,000
Kalama Tract prices
Average price $521.67k
Neighborhood average sales price*
$521.67k
Neighborhood median sales price*
$540k
Number or sales*
3
Street median sales price*
$540k
Median sale price Shores At Suncrest B*
$540k
*last 6 months
Schools
15 schools with rating up to 6
| School rating | Distance | |
|---|---|---|
|
Hawaiian Mission Academy Windward Campus
160 Mookua Street,
Kailua, HI 96734
Elementary School
|
0.349mi | |
|
Hawaiian Mission Academy Windward Campus
160 Mookua Street,
Kailua, HI 96734
Middle School
|
0.349mi | |
| out of 10 |
Kalaheo High School
730 Iliaina St,
Kailua, HI 96734
High School
|
0.859mi |
| School rating | Distance | |
|---|---|---|
|
Hawaiian Mission Academy Windward Campus
160 Mookua Street,
Kailua, HI 96734
|
0.349mi | |
|
St. Anthony Parish School
148 Makawao Street,
Kailua, HI 96734
|
0.496mi | |
| out of 10 |
Kainalu Elementary School
165 Kaiholu St,
Kailua, HI 96734
|
0.556mi |
| out of 10 |
Kailua Elementary School
315 Kuulei Rd,
Kailua, HI 96734
|
0.801mi |
|
Huakailani School for Girls
146 Hekili Street STE 104,
Kailua, HI 96734
|
0.982mi |
| School rating | Distance | |
|---|---|---|
|
Hawaiian Mission Academy Windward Campus
160 Mookua Street,
Kailua, HI 96734
|
0.349mi | |
|
St. Anthony Parish School
148 Makawao Street,
Kailua, HI 96734
|
0.496mi | |
| out of 10 |
Kainalu Elementary School
165 Kaiholu St,
Kailua, HI 96734
|
0.556mi |
| out of 10 |
Kailua Elementary School
315 Kuulei Rd,
Kailua, HI 96734
|
0.801mi |
| out of 10 |
Kailua Intermediate School
145 South Kainalu Dr,
Kailua, HI 96734
|
0.971mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Kalaheo High School
730 Iliaina St,
Kailua, HI 96734
|
0.859mi |
| out of 10 |
Kailua High School
451 Ulumanu Dr,
Kailua, HI 96734
|
1.498mi |
|
Kailua Christian Academy
1276 Kailua Road,
Kailua, HI 96734
|
1.719mi | |
|
Ke Kula O Samuel M Kamakau - A Laboratory Public Charter School
45037 Kaneohe Bay Dr,
Kaneohe, HI 96744
|
2.235mi | |
|
Le Jardin Academy
917 Kalanianaole Hwy,
Kailua, HI 96734
|
2.406mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Cancelled Apr 19, 2021
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 19, 2021 | Cancelled | $2,000,000 | $393.39 | MLS #202008076 |
| Aug 3, 2020 | Sold | $2,000,000 | $393.39 | Public Record |
| Jun 1, 2020 | Active Under Contract | $2,000,000 | $393.39 | MLS #202008076 |
| May 23, 2020 | Price Decrease | $2,000,000 -4.08% | $393.39 | MLS #202008076 |
| May 9, 2020 | Price Decrease | $2,085,000 -4.58% | $410.11 | MLS #202008076 |
| May 1, 2020 | New Listing | $2,185,000 | $429.78 | MLS #202008076 |
Tax & MLS details 408 N Kainalu Drive, Kailua, HI, 96734
03 - R10 - Residential District zoning / MLS #202008076
Current Property Taxes p/month
$453
Property Tax Year
2019
Assessed Improvement value
$460,700
Assessed Land value
$1,230,000
TMK
1-4-3-025-013-0000
Land Recorded
Land Court
Zoning
03 - R10 - Residential District
Flood Zone
Zone X
Topography
Level
Location
Corner
Lot Description
Clear
Property Setbacks
None
Total Assessed value
$1,690,700
Listed by
Oahu International Realty
MLS #
202008076
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 408 N Kainalu Drive
When was this multi-family home built and last sold?
This house was build in 1948.
What is the full address of this multi-family home?
408 N Kainalu Drive, Kailua, HI, 96734.
Are there beaches near 408 N Kainalu Drive?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2025 by HiCentral Mls, Ltd. Listing courtesy of Oahu International Realty. 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 June 10, 2024.
Hawaii House Last checked 1 minute ago.
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