RARE TRI-PLEX INCOME PROPERTY! Hard-working rental property + detached shop / garage. Do the math: TWO separate 1 bedroom apartments downstairs + a 3 bedroom / 2 bathroom apartment upstairs + 3 electric meters + 2 laundry centers + over-sized septic system = steady, easy income! Just over $7000 / month, not including the shop. Rent Roll available.
Rent all 3 units OR live in one and rent the other 2. You've got options.
Maintained in very good condition, home had a new roof and gutters in 2018. One unit just welcomed a new Tenant and other 2 Tenants have lived here for years, so would love to stay. Built-in income on the day of closing.
Detached 21' X 28' shop / garage is 588 square feet of enviable man cave / she shed / workshop / hobby room. What could you do with that? It has it's own electric meter and outdoor shower.
Ultra-convenient location is a short walk or easy flat-land bike ride to the beach, Kapaa Town, schools, churches, Chicken In A Barrel, and other restaurants!
Kauai is so amazing, lots of people want to live here, so its not easy to find a property on the island that pencils out.
For sale
Price cut: $74K (1/6)
$1,325,000
4906 Aliali Rd, Kapaa, HI 96746
4beds
2,864sqft
Est.:
Single Family Residence
Built in 1973
8,873 Square Feet Lot
$1,324,400 Zestimate®
$463/sqft
$-- HOA
What's special
- 32 days |
- 894 |
- 17 |
Zillow last checked: 8 hours ago
Listing updated: January 06, 2026 at 05:30am
Listed by:
Jimmy Johnson 8086399675,
RE/MAX Kauai - Princeville Office
Source: Hawaii Information Service,MLS#: 726044
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 2,864
- Total interior livable area: 2,864 sqft
Property
Parking
- Parking features: Unassigned
Features
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 8,873 Square Feet
- Features: Grassy
- Topography: Gentle Slope
Details
- Parcel number: 4460340250000
- Zoning: R-6
- Special conditions: Fee Simple,Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1973
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
Community
- Subdivision: KAPAA HOMESTEADS 4TH SERIES
Location
- Region: Kapaa
Financial & listing details
- Price per square foot: $463/sqft
- Tax assessed value: $1,062,500
- Annual tax amount: $6,126
- Date on market: 12/12/2025
- Listing terms: 1031 Exchange,Cash,Conventional,Open,USDA Loan,VA Loan
- Ownership: Full
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$1,324,400
$1.26M - $1.39M
$4,818/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/6/2026 | Price change | $1,325,000-5.3%$463/sqft |
Source: | ||
| 12/12/2025 | Price change | $1,399,000+3.7%$488/sqft |
Source: | ||
| 4/12/2025 | Price change | $1,349,000-0.1%$471/sqft |
Source: | ||
| 3/24/2025 | Price change | $1,350,000-0.4%$471/sqft |
Source: | ||
| 3/20/2025 | Price change | $1,355,000-0.4%$473/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,127 -0.2% | $1,062,500 -0.2% |
| 2024 | $6,136 +8.8% | $1,064,200 +9.4% |
| 2023 | $5,638 +3.1% | $972,800 +14.7% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,418/mo
Principal & interest
$6700
Home insurance
$464
Property taxes
$254
Climate risks
Neighborhood: 96746
Nearby schools
GreatSchools rating
- 3/10Kapaa Elementary SchoolGrades: PK-5Distance: 1 mi
- 1/10Kapaa Middle SchoolGrades: 6-8Distance: 0.3 mi
- 6/10Kapaa High SchoolGrades: 9-12Distance: 1.1 mi
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