Real Estate Investment Properties for Sale in Kapaau, HI

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

Explore a variety of short-term homes & houses in Kapaau, HI. Invest wisely with VRBO & Kapaau, 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 Kapaau, HI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
54-3707 Akoni Pule Hwy Kapaau, HI Newly refurbished 3 bedroom home in a great location between Hawi and Kapaau towns. Compl...	3 beds \| 1 baths \| 972 sq.ft.	$699,000	Airbnb cash on cash: 2.35% Traditional cash on cash: 2.66% Airbnb Rental Income: $3245 Traditional Rental Income: $2717 Airbnb ROI: 2.35% Traditional ROI: 2.66%
54-2379 Kynnersley Rd Kapaau, HI Located in the center of North Kohala, this 3-bedroom 1-and-3/4 bath home at 54-2379 Kynne...	3 beds \| 2 baths \| 834 sq.ft.	$604,000	Airbnb cash on cash: 3.11% Traditional cash on cash: 2.83% Airbnb Rental Income: $3245 Traditional Rental Income: $2354 Airbnb ROI: 3.11% Traditional ROI: 2.83%
53-4196 AKONI PULE HIGHWAY Kapaau, HI Completely remodeled and move-in ready, this charming 4-bedroom, 2-bath home sits on a spa...	4 beds \| 2 baths \| 1,344 sq.ft.	$769,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.26% Airbnb Rental Income: $null Traditional Rental Income: $3525 Airbnb ROI: N/A Traditional ROI: 3.26%
53-364 KAPANAIA RD #A Kapaau, HI Welcome to North Kohala, where time slows and Hawaii reveals its most breathtaking beauty....	2 beds \| 1 baths \| 1,008 sq.ft.	$875,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 2.46% Airbnb Rental Income: $1918 Traditional Rental Income: $3016 Airbnb ROI: 0.49% Traditional ROI: 2.46%
54-333 Union Mill Rd Kapaau, HI Since 1885, the Union Mill Plantation Manager's Estate has stood as one of North Kohala's ...	5 beds \| 3 baths \| 4,257 sq.ft.	$1,999,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.55% Airbnb Rental Income: $null Traditional Rental Income: $6694 Airbnb ROI: N/A Traditional ROI: 2.55%
53-4056 Kolonahe St Kapaau, HI 53-4056 Kolonahe St, Kapaau, HI 96755 \| Single Family Residential	3 beds \| 2 baths \| 1,952 sq.ft.	$775,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 3.65% Airbnb Rental Income: $3245 Traditional Rental Income: $3652 Airbnb ROI: 2.08% Traditional ROI: 3.65%
Union Mill Rd Kapaau, HI Union Mill Rd, Kapaau, HI 96755 \| Other	N/A beds \| N/A baths \| N/A	$27,000,000	Airbnb cash on cash: -1.25% Traditional cash on cash: -1.22% Airbnb Rental Income: $1105 Traditional Rental Income: $1541 Airbnb ROI: -1.25% Traditional ROI: -1.22%
52-289 KEOKEA PARK RD Kapaau, HI *Seller incentives available for closing cost assistance or interest rate strategies. Welc...	4 beds \| 3 baths \| 1,916 sq.ft.	$922,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.3% Airbnb Rental Income: $null Traditional Rental Income: $4057 Airbnb ROI: N/A Traditional ROI: 3.3%
KAPAAU, HI 96755 Kapaau, HI KAPAAU, HI 96755, Kapaau, HI 96755 \| Other	N/A beds \| N/A baths \| 1,723 sq.ft.	$2,500,000	Airbnb cash on cash: -1% Traditional cash on cash: -0.33% Airbnb Rental Income: $1105 Traditional Rental Income: $2298 Airbnb ROI: -1% Traditional ROI: -0.33%
54-3705 Lehuula Cir Kapaau, HI 54-3705 Lehuula Cir, Kapaau, HI 96755 \| Other	N/A beds \| N/A baths \| N/A	$300,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 4.07% Airbnb Rental Income: $1105 Traditional Rental Income: $1606 Airbnb ROI: 0.98% Traditional ROI: 4.07%
54-3703 Lehuula Cir Kapaau, HI 54-3703 Lehuula Cir, Kapaau, HI 96755 \| Other	N/A beds \| N/A baths \| N/A	$285,000	Airbnb cash on cash: 1.09% Traditional cash on cash: 3.6% Airbnb Rental Income: $1105 Traditional Rental Income: $1406 Airbnb ROI: 1.09% Traditional ROI: 3.6%
54-2378 Kynnersley Rd Kapaau, HI 54-2378 Kynnersley Rd, Kapaau, HI 96755 \| Multi Family	8 beds \| 5 baths \| 3,052 sq.ft.	$998,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.11% Airbnb Rental Income: $null Traditional Rental Income: $6958 Airbnb ROI: N/A Traditional ROI: 6.11%
54-1119 Mahiai Pl Kapaau, HI 54-1119 Mahiai Pl, Kapaau, HI 96755 \| Other	N/A beds \| N/A baths \| N/A	$470,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 2.16% Airbnb Rental Income: $1105 Traditional Rental Income: $1606 Airbnb ROI: 0.17% Traditional ROI: 2.16%
Hall Rd Kapaau, HI Hall Rd, Kapaau, HI 96755 \| Other	N/A beds \| N/A baths \| N/A	$1,275,000	Airbnb cash on cash: -0.74% Traditional cash on cash: 0% Airbnb Rental Income: $1105 Traditional Rental Income: $1606 Airbnb ROI: -0.74% Traditional ROI: 0%
54-3706 Lehuula Cir Kapaau, HI 54-3706 Lehuula Cir, Kapaau, HI 96755 \| Other	N/A beds \| N/A baths \| N/A	$330,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 2.95% Airbnb Rental Income: $1105 Traditional Rental Income: $1406 Airbnb ROI: 0.78% Traditional ROI: 2.95%
54-3708 Lehuula Cir Kapaau, HI 54-3708 Lehuula Cir, Kapaau, HI 96755 \| Other	N/A beds \| N/A baths \| N/A	$330,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 3.6% Airbnb Rental Income: $1105 Traditional Rental Income: $1606 Airbnb ROI: 0.78% Traditional ROI: 3.6%
52-284 KEOKEA PARK RD Kapaau, HI This magical cabin-style retreat on the road to Keokea Park in North Kohala is a unique op...	3 beds \| 2 baths \| 1,198 sq.ft.	$875,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 2.59% Airbnb Rental Income: $3245 Traditional Rental Income: $3118 Airbnb ROI: 1.85% Traditional ROI: 2.59%
52-4602 Akoni Pule Hwy #D Kapaau, HI 52-4602 Akoni Pule Hwy #D, Kapaau, HI 96755 \| Single Family Residential	4 beds \| 3 baths \| 6,143 sq.ft.	$3,399,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.23% Airbnb Rental Income: $null Traditional Rental Income: $4830 Airbnb ROI: N/A Traditional ROI: 0.23%
54-3857 Akoni Pule Hwy Kapaau, HI 54-3857 Akoni Pule Hwy, Kapaau, HI 96755 \| Single Family Residential	3 beds \| 1 baths \| 1,080 sq.ft.	$700,000	Airbnb cash on cash: 2.43% Traditional cash on cash: 1.46% Airbnb Rental Income: $3245 Traditional Rental Income: $1880 Airbnb ROI: 2.43% Traditional ROI: 1.46%
53-532 Iole Rd Kapaau, HI 53-532 Iole Rd, Kapaau, HI 96755 \| Single Family Residential	4 beds \| 4 baths \| 4,312 sq.ft.	$2,695,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.09% Airbnb Rental Income: $null Traditional Rental Income: $3053 Airbnb ROI: N/A Traditional ROI: -0.09%
54-1749 Paipo Kane Rd Kapaau, HI 54-1749 Paipo Kane Rd, Kapaau, HI 96755 \| Other	N/A beds \| N/A baths \| N/A	$1,720,000	Airbnb cash on cash: -0.96% Traditional cash on cash: -0.42% Airbnb Rental Income: $1105 Traditional Rental Income: $1606 Airbnb ROI: -0.96% Traditional ROI: -0.42%

Real Estate investment in Kapaau, HI

There are 22 properties for sale in the city of Kapaau . The median list price in Kapaau is $578,154 and the average price per square foot is $263. In August 2026, the average monthly cash on cash return in Kapaau is 3.00%. The average monthly rental income in Kapaau is $2,536.

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

There are 22 investment properties available for sale in Kapaau.

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

The ROI for Long-Term is higher than the Short-Term in Kapaau with average rental income of $2,536.

Your search for investment property begins and ends here

Investment Property for Sale in Kapaau, HI

54-3707 Akoni Pule Hwy

Kapaau, HI

3 beds | 1 baths | 972 sq.ft.

$699,000

Airbnb cash on cash: 2.35%

Traditional cash on cash: 2.66%

Airbnb Rental Income: $3245

Traditional Rental Income: $2717

Airbnb ROI: 2.35%

Traditional ROI: 2.66%

54-2379 Kynnersley Rd

Kapaau, HI

3 beds | 2 baths | 834 sq.ft.

$604,000

Airbnb cash on cash: 3.11%

Traditional cash on cash: 2.83%

Airbnb Rental Income: $3245

Traditional Rental Income: $2354

Airbnb ROI: 3.11%

Traditional ROI: 2.83%

53-4196 AKONI PULE HIGHWAY

Kapaau, HI

4 beds | 2 baths | 1,344 sq.ft.

$769,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.26%

Airbnb Rental Income: $null

Traditional Rental Income: $3525

Airbnb ROI: N/A

Traditional ROI: 3.26%

53-364 KAPANAIA RD #A

Kapaau, HI

2 beds | 1 baths | 1,008 sq.ft.

$875,000

Airbnb cash on cash: 0.49%

Traditional cash on cash: 2.46%

Airbnb Rental Income: $1918

Traditional Rental Income: $3016

Airbnb ROI: 0.49%

Traditional ROI: 2.46%

54-333 Union Mill Rd

Kapaau, HI

5 beds | 3 baths | 4,257 sq.ft.

$1,999,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.55%

Airbnb Rental Income: $null

Traditional Rental Income: $6694

Airbnb ROI: N/A

Traditional ROI: 2.55%

53-4056 Kolonahe St

Kapaau, HI

3 beds | 2 baths | 1,952 sq.ft.

$775,000

Airbnb cash on cash: 2.08%

Traditional cash on cash: 3.65%

Airbnb Rental Income: $3245

Traditional Rental Income: $3652

Airbnb ROI: 2.08%

Traditional ROI: 3.65%

Union Mill Rd

Kapaau, HI

N/A beds | N/A baths | N/A

$27,000,000

Airbnb cash on cash: -1.25%

Traditional cash on cash: -1.22%

Airbnb Rental Income: $1105

Traditional Rental Income: $1541

Airbnb ROI: -1.25%

Traditional ROI: -1.22%

52-289 KEOKEA PARK RD

Kapaau, HI

4 beds | 3 baths | 1,916 sq.ft.

$922,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.3%

Airbnb Rental Income: $null

Traditional Rental Income: $4057

Airbnb ROI: N/A