Real Estate Investment Properties for Sale in Kapaa, HI

Looking for investment property in Kapaa, HI with high ROI ?

Explore a variety of short-term homes & houses in Kapaa, HI. Invest wisely with VRBO & Kapaa, HI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Kapaa, HI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5940 AHAKEA ST KAPAA, HI This 3-bedroom home has been completely remodeled. Located in a delightful Wailua Homestea...	3 beds \| 2 baths \| 1,256 sq.ft.	$1,099,000	Airbnb cash on cash: 4.01% Traditional cash on cash: 1.68% Airbnb Rental Income: $6947 Traditional Rental Income: $3222 Airbnb ROI: 4.01% Traditional ROI: 1.68%
181 Pokukala St KAPAA, HI Updated 3-Bedroom, 3-Bath Home on a 1/4-Acre Lot in Wailua Homesteads Welcome to peaceful ...	3 beds \| 3 baths \| 1,432 sq.ft.	$1,199,900	Airbnb cash on cash: 3.84% Traditional cash on cash: 1.83% Airbnb Rental Income: $6947 Traditional Rental Income: $3363 Airbnb ROI: 3.84% Traditional ROI: 1.83%
4-820 KUHIO HWY #C402 KAPAA, HI Experience elevated resort living in this beautifully appointed 2-bedroom, 3-bath penthous...	2 beds \| 3 baths \| 1,158 sq.ft.	$1,590,000	Airbnb cash on cash: -0.25% Traditional cash on cash: -1.49% Airbnb Rental Income: $6240 Traditional Rental Income: $3176 Airbnb ROI: -0.25% Traditional ROI: -1.49%
525 ALEKA LP unit: K3 KAPAA, HI Beautiful upgraded & Refurbished unit. Currently in vacation rental. New kitchen and bath ...	1 beds \| 1 baths \| 633 sq.ft.	$475,000	Airbnb cash on cash: 1.93% Traditional cash on cash: -0.51% Airbnb Rental Income: $3921 Traditional Rental Income: $1994 Airbnb ROI: 1.93% Traditional ROI: -0.51%
320 PAPALOA RD unit: 308 KAPAA, HI SPECTACULAR OCEAN VIEWS! Wailua Bay View #308 - Spectacular Oceanfront Living Enjoy breath...	1 beds \| 1 baths \| 686 sq.ft.	$948,000	Airbnb cash on cash: 0.16% Traditional cash on cash: -1.06% Airbnb Rental Income: $3921 Traditional Rental Income: $2005 Airbnb ROI: 0.16% Traditional ROI: -1.06%
4-1250 KUHIO HWY unit: C107 KAPAA, HI OCEAN FRONT - ON the BEACH, and that amazing ocean morning sunrise - EVERY DAY !!! This Po...	2 beds \| 2 baths \| 1,036 sq.ft.	$1,239,000	Airbnb cash on cash: 0.7% Traditional cash on cash: -1.13% Airbnb Rental Income: $6240 Traditional Rental Income: $2898 Airbnb ROI: 0.7% Traditional ROI: -1.13%
4701 KAWAIHAU RD unit: L102 KAPAA, HI Ground floor, corner unit offering privacy and tranquil views of a lush green valley. This...	3 beds \| 2 baths \| 1,204 sq.ft.	$525,000	Airbnb cash on cash: 6.43% Traditional cash on cash: 0.85% Airbnb Rental Income: $6947 Traditional Rental Income: $2861 Airbnb ROI: 6.43% Traditional ROI: 0.85%
04-1176-A KUHIO HWY #2 KAPAA, HI RESIDENTIAL & COMMERCIAL PROPERTY!!! This building is a classic and quaint plantation styl...	2 beds \| 1 baths \| 712 sq.ft.	$1,639,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 0.17% Airbnb Rental Income: $6240 Traditional Rental Income: $2503 Airbnb ROI: 1.82% Traditional ROI: 0.17%
04-1176-B KUHIO HWY #1 KAPAA, HI *Ocean and Stream views from the home!! OPPORTUNITY to own a 3 Bedroom, 2 Bath Home & Pote...	3 beds \| 2 baths \| 1,536 sq.ft.	$1,210,000	Airbnb cash on cash: 3.7% Traditional cash on cash: 2.06% Airbnb Rental Income: $6947 Traditional Rental Income: $3760 Airbnb ROI: 3.7% Traditional ROI: 2.06%
7060 KAHUNA RD KAPAA, HI 1.75 ACRES ON MAGICAL KAHUNA ROAD. Step back in time to old Hawai'i with this vintage home...	4 beds \| 4 baths \| 2,953 sq.ft.	$1,995,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.01% Airbnb Rental Income: $null Traditional Rental Income: $4059 Airbnb ROI: N/A Traditional ROI: 1.01%
4-950 KUHIO HWY KAPAA, HI This charming Hawaiian Plantation-style home, originally built in 1940, has been completel...	4 beds \| 3 baths \| 1,424 sq.ft.	$1,549,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.57% Airbnb Rental Income: $null Traditional Rental Income: $4015 Airbnb ROI: N/A Traditional ROI: 1.57%
525 ALEKA LP unit: A16 KAPAA, HI PRICE DROP on this OCEANVIEW Plantation Hale #A16, that is a hard-working, very busy, high...	1 beds \| 1 baths \| 633 sq.ft.	$450,000	Airbnb cash on cash: 1.44% Traditional cash on cash: -1.15% Airbnb Rental Income: $3921 Traditional Rental Income: $1988 Airbnb ROI: 1.44% Traditional ROI: -1.15%
6100 KAWAIHAU RD KAPAA, HI *VACANT & EASY TO SHOW!!!! VERY MOTIVATED SELLERS!!!!* Must-see home in Kapa'a - space...	3 beds \| 3 baths \| 2,068 sq.ft.	$1,419,000	Airbnb cash on cash: 3.07% Traditional cash on cash: 2.05% Airbnb Rental Income: $6947 Traditional Rental Income: $4247 Airbnb ROI: 3.07% Traditional ROI: 2.05%
1370 HONOOHALA PL KAPAA, HI Wailua Homesteads Opportunity - Multi-Generational Potential! 2-Story Home with 2nd water ...	4 beds \| 2 baths \| 2,280 sq.ft.	$1,200,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.4% Airbnb Rental Income: $null Traditional Rental Income: $4194 Airbnb ROI: N/A Traditional ROI: 2.4%
04-1176 KUHIO HWY #1 KAPAA, HI RESIDENTIAL & COMMERCIAL PROPERTY!!! This building is a classic and quaint plantation styl...	2 beds \| 1 baths \| 712 sq.ft.	$1,639,000	Airbnb cash on cash: 1.96% Traditional cash on cash: 0.16% Airbnb Rental Income: $6240 Traditional Rental Income: $2270 Airbnb ROI: 1.96% Traditional ROI: 0.16%
4-1250 KUHIO HWY unit: D101 KAPAA, HI Oceanfront Paradise at Pono Kai! Rarely available, this ground floor corner 2 bedroom, 2 b...	2 beds \| 2 baths \| 1,148 sq.ft.	$1,299,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 0.5% Airbnb Rental Income: $6240 Traditional Rental Income: $3027 Airbnb ROI: 2.14% Traditional ROI: 0.5%
5691-A HAUAALA RD KAPAA, HI PRICE DROP! MUST SEE! Upscale in a dreamy setting. Recently remodeled by Interior Designer...	4 beds \| 3 baths \| 2,716 sq.ft.	$2,400,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.14% Airbnb Rental Income: $null Traditional Rental Income: $4948 Airbnb ROI: N/A Traditional ROI: 1.14%
6165-A WAIPOULI RD KAPAA, HI SECLUDED, LUSH HIDEAWAY...Just over 2.5 acres of tropical serenity await. This custom-buil...	4 beds \| 3 baths \| 2,536 sq.ft.	$2,450,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.93% Airbnb Rental Income: $null Traditional Rental Income: $4702 Airbnb ROI: N/A Traditional ROI: 0.93%
4806 IIWI RD KAPAA, HI Stop your scroll - this is the one you've been waiting for! Discover a rare opportunity in...	6 beds \| 5 baths \| 2,718 sq.ft.	$1,399,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.86% Airbnb Rental Income: $null Traditional Rental Income: $6633 Airbnb ROI: N/A Traditional ROI: 3.86%
5871-A KOLOLIA PL KAPAA, HI Nestled against the Nounou Forest Reserve, this exceptional 2.4-acre estate offers privacy...	3 beds \| 4 baths \| 5,117 sq.ft.	$3,795,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 0.48% Airbnb Rental Income: $6947 Traditional Rental Income: $5845 Airbnb ROI: 0.41% Traditional ROI: 0.48%
4597 LEHUA ST unit: 3 KAPAA, HI This is a leasehold property. Ideal property for 1031 Exchange. Reliable rental income pro...	3 beds \| 3 baths \| 3,232 sq.ft.	$1,995,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 0.56% Airbnb Rental Income: $6947 Traditional Rental Income: $4150 Airbnb ROI: 1.34% Traditional ROI: 0.56%
6631-A KIPAPA RD KAPAA, HI POTENTIAL PARADISE! Nestled into a Garden of Eden on desirable Kipapa Road is a comfortabl...	1 beds \| 1 baths \| 442 sq.ft.	$1,000,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 0.74% Airbnb Rental Income: $3921 Traditional Rental Income: $1775 Airbnb ROI: 2.14% Traditional ROI: 0.74%
5715 KAEHULUA RD unit: 1 KAPAA, HI Set amid mature trees and expansive greenery, this private island residence offers a rare ...	2 beds \| 2 baths \| 1,200 sq.ft.	$1,688,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 0.63% Airbnb Rental Income: $6240 Traditional Rental Income: $3060 Airbnb ROI: 1.88% Traditional ROI: 0.63%
4461 KAMOA RD unit: D12 KAPAA, HI 2-Bedroom, 1.5-Bathroom Condo in the Heart of Kapaa - Ideal for Vacation Rental or Full-Ti...	2 beds \| 2 baths \| 634 sq.ft.	$625,000	Airbnb cash on cash: 5.44% Traditional cash on cash: 0.7% Airbnb Rental Income: $6240 Traditional Rental Income: $2248 Airbnb ROI: 5.44% Traditional ROI: 0.7%
597 PUUOPAE RD KAPAA, HI HILLTOP HIDEAWAY ON 2 ACRES! Well-built, stucco home and apartment with inspiring views of...	3 beds \| 3 baths \| 2,330 sq.ft.	$1,975,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 1.21% Airbnb Rental Income: $6947 Traditional Rental Income: $4362 Airbnb ROI: 1.89% Traditional ROI: 1.21%
4463 MAKAHA RD unit: 2 KAPAA, HI Two Legal Dwellings on a corner lot:4463 Makaha Rd and 1038 Kealoha Rd.Classic Plantation ...	3 beds \| 3 baths \| 1,789 sq.ft.	$1,500,000	Airbnb cash on cash: 2.64% Traditional cash on cash: 1.65% Airbnb Rental Income: $6947 Traditional Rental Income: $4218 Airbnb ROI: 2.64% Traditional ROI: 1.65%
367 WAILANA RD KAPAA, HI Tucked away in the desirable Wailua Houselots and nestled against the lush backdrop of the...	3 beds \| 2 baths \| 2,008 sq.ft.	$1,198,950	Airbnb cash on cash: 3.61% Traditional cash on cash: 2.5% Airbnb Rental Income: $6947 Traditional Rental Income: $4367 Airbnb ROI: 3.61% Traditional ROI: 2.5%
5311-A HAUAALA RD KAPAA, HI Stunning farmhouse estate nestled on 5 acres of secluded, gated grounds in one of Kauai's ...	3 beds \| 3 baths \| 1,260 sq.ft.	$3,888,000	Airbnb cash on cash: 0.47% Traditional cash on cash: -0.24% Airbnb Rental Income: $6947 Traditional Rental Income: $3050 Airbnb ROI: 0.47% Traditional ROI: -0.24%
189 EGGERKING RD KAPAA, HI Located on a rim lot in Wailua Houselots, this 2-bedroom, 2-bathroom home offers a spaciou...	2 beds \| 2 baths \| 1,311 sq.ft.	$840,000	Airbnb cash on cash: 4.82% Traditional cash on cash: 2.56% Airbnb Rental Income: $6240 Traditional Rental Income: $3239 Airbnb ROI: 4.82% Traditional ROI: 2.56%

Real Estate investment in Kapaa, HI

There are 42 properties for sale in the city of Kapaa . The median list price in Kapaa is $1,250,000 and the average price per square foot is $734. In April 2026, the average monthly cash on cash return in Kapaa is 2.00%. The average monthly rental income in Kapaa is $3,516.

Kapaa, HI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 42 investment properties available for sale in Kapaa.

In 2026, the best neighborhood to buy investment property is KAPAA.

The ROI for Short-Term is higher than the Long-Term in Kapaa with average rental income of $6,240.

Your search for investment property begins and ends here

Investment Property for Sale in Kapaa, HI

5940 AHAKEA ST

KAPAA, HI

3 beds | 2 baths | 1,256 sq.ft.

$1,099,000

Airbnb cash on cash: 4.01%

Traditional cash on cash: 1.68%

Airbnb Rental Income: $6947

Traditional Rental Income: $3222

Airbnb ROI: 4.01%

Traditional ROI: 1.68%

181 Pokukala St

KAPAA, HI

3 beds | 3 baths | 1,432 sq.ft.

$1,199,900

Airbnb cash on cash: 3.84%

Traditional cash on cash: 1.83%

Airbnb Rental Income: $6947

Traditional Rental Income: $3363

Airbnb ROI: 3.84%

Traditional ROI: 1.83%

4-820 KUHIO HWY #C402

KAPAA, HI

2 beds | 3 baths | 1,158 sq.ft.

$1,590,000

Airbnb cash on cash: -0.25%

Traditional cash on cash: -1.49%

Airbnb Rental Income: $6240

Traditional Rental Income: $3176

Airbnb ROI: -0.25%

Traditional ROI: -1.49%

525 ALEKA LP unit: K3

KAPAA, HI

1 beds | 1 baths | 633 sq.ft.

$475,000

Airbnb cash on cash: 1.93%

Traditional cash on cash: -0.51%

Airbnb Rental Income: $3921

Traditional Rental Income: $1994

Airbnb ROI: 1.93%

Traditional ROI: -0.51%

320 PAPALOA RD unit: 308

KAPAA, HI

1 beds | 1 baths | 686 sq.ft.

$948,000

Airbnb cash on cash: 0.16%

Traditional cash on cash: -1.06%

Airbnb Rental Income: $3921

Traditional Rental Income: $2005

Airbnb ROI: 0.16%

Traditional ROI: -1.06%

4-1250 KUHIO HWY unit: C107

KAPAA, HI

2 beds | 2 baths | 1,036 sq.ft.

$1,239,000

Airbnb cash on cash: 0.7%

Traditional cash on cash: -1.13%

Airbnb Rental Income: $6240

Traditional Rental Income: $2898

Airbnb ROI: 0.7%

Traditional ROI: -1.13%

4701 KAWAIHAU RD unit: L102

KAPAA, HI

3 beds | 2 baths | 1,204 sq.ft.

$525,000

Airbnb cash on cash: 6.43%

Traditional cash on cash: 0.85%

Airbnb Rental Income: $6947

Traditional Rental Income: $2861

Airbnb ROI: 6.43%

Traditional ROI: 0.85%

04-1176-A KUHIO HWY #2

KAPAA, HI

2 beds | 1 baths | 712 sq.ft.

$1,639,000

Airbnb cash on cash: 1.82%

Traditional cash on cash: 0.17%

Airbnb Rental Income: $6240

Traditional Rental Income: $2503

Airbnb ROI: 1.82%