461-465 Palani Pl, Wailuku, HI 96793
Local realty services provided by:CENTURY 21 Island Homes
461-465 Palani Pl,Wailuku, HI 96793
$1,285,000
- 2 Beds
- 1 Baths
- 500 sq. ft.
- Single family
- Active
Listed by: robert f. vafaie rb-19490, brett borinstein rs-87747
Office: compass-w
MLS#:410923
Source:HI_RAM
Price summary
- Price:$1,285,000
- Price per sq. ft.:$937.27
About this home
Spectacular ocean, Central Maui and Haleakala views from this unique income-producing property on a private flag lot along a quiet cul-de-sac in desirable Old Wailuku Heights. Set on approximately 10,485 SF with R-3 Residential zoning, the property features two separate homes and a private setting with mature fruit trees. 461 Palani is a 500 SF 2BR/1BA cottage built in 1982 and extensively remodeled in 2018 with an updated kitchen, granite countertops, stainless appliances, flooring, windows and bath. Features include a spacious 256 SF wraparound deck, 12 owned PV panels, storage, yard, separate laundry and tuck-under parking. 465 Palani is an 871 SF main home built in 2022 and currently configured as two furnished 1BR/1BA rental units, each with excellent views, solar hot water panels, privacy and parking. The home was designed with potential for future second-story expansion. Buyer to verify feasibility and permitting. See Documents. Gross rental income is approximately $7,700/month or $92,400/year, with estimated NOI of approximately $60,000 and a projected 4.7% cap rate at $1,285,000. One vacant unit now. Offered turnkey furnished. Income and expense figures are provided by Seller, are not independently verified and are subject to change. Conveniently located near UH Maui College, MACC, Maui Memorial Medical Center, downtown Wailuku, shopping, parks and other Central Maui amenities. Property is tenant occupied, do not disturb tenants. Be respectful of our neighbors in front and on street by not blocking driveways. Please allow adequate notice for showings. Some County Records and property details are inconsistent. Do your due diligence. Contact your preferred agent. Property is offered turnkey furnished....
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Home facts
- Year built:1982
- Subdivision & Development:Wailuku Heights
- Listing ID #:410923
- Added:25 day(s) ago
- Updated:October 24, 2026 at 02:12 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Kitchen Description:Microwave, Range, Refrigerator
- Living area:500 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan, Ceiling Fan(s)
Structure and exterior
- Year built:1982
- Building area:500 sq. ft.
Finances and disclosures
- Price:$1,285,000
- Price per sq. ft.:$937.27
- Tax amount:$9,093 (2026)
Features and amenities
- Appliances:Dryer, Microwave, Range, Refrigerator, Solar Hot Water, Washer, Washing Machine
- Laundry features:Dryer, Washer, Washing Machine
Parking
- Parking description:Carport, No Garage
- Carport spaces:1
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