Tom Tezak – Maui Real Estate

MLS# 409724 – 15 Olinda Rd, Makawao, HI 96768

Price: $2,350,000 – $2,395,000
Beds: 5
Living Area SqFt: 1,191
Status: Active
Property Type: Sf W/det Ohana Or Cottage
Lot Size Acres: 0.54
Lot Size SqFt: 23,414
Year Built: 1984
Days on Website: 163

Courtesy of eXp Realty.

Property Description

Also listed under Multi-Dwelling (MLS 409725). This unique multi-unit property (4 structures, 8 units) offers a rare opportunity for investors seeking strong cash flow and long-term upside. There are 5 one bedroom units, and 3 two bedroom units. Situated on just over half an acre, the property features four separate structures with a total of eight tenant-occupied units, creating an income-producing compound in one of Upcountry Maui’s most desirable locations. Tenants enjoy dedicated parking, on-site laundry, and the convenience of being moments from Makawao’s shops, restaurants, galleries, and local charm. Numerous improvements have already been completed, making this an attractive opportunity for an investor looking to step into an established rental property with immediate income potential. The property also has 3 water meters. Listing includes photos of one of the 8 units. A truly one-of-a-kind upcountry investment property.

Open House

Property Details and Features

  • Property Access
  • Road Surface: Paved
  • Appliances & Equipment
  • Range
  • Refrigerator
  • Solar Water Heating
  • Bathrooms
  • 4 total bathrooms
  • Bedrooms
  • 5 total bedrooms
  • Building
  • Built in 1984
  • Living area: 1191
  • Living area units: Square Feet
  • Levels: Two
  • Construction Materials: Double Wall, Frame
  • Interior Features
  • Ceiling Fan(s)
  • Ceiling Fan
  • Dining Area
  • Eat-in Kitchen
  • Family Room
  • Storage Room
  • Listing
  • Listing ID: 409724
  • Standard Status: Active
  • MLS Status: ACTIVE
  • Property Subtype: SF w/Det Ohana or Cottage
  • On market as of 2026-05-26
  • 135 days on market
  • Location
  • MLS Area (Major): Makawao/Olinda/Haliimaile
  • Lot
  • 0.5375 acres
  • Electricity Easement
  • Topography: Irregular
  • Possession
  • Subject to Rental Lease
  • Property
  • Mountain(s)
  • Roof
  • Asphalt/Comp Shingle
  • Security Features
  • Smoke Detector(s)
  • Sewer
  • Septic Tank
  • Taxes
  • Parcel Number: 2240040110000
  • Public Survey Section: 4
  • Zoning: R-3
  • Zoning description: Residential
  • Utilities
  • Cable Connected
  • Water Source: County Water Meter Ins
  • Overhead Electricity

Property Map

$2,350,000 – 15 Olinda Rd, Makawao, HI 96768

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