273 Lanakila Rd, Kapaa, HI 96746

Set directly across from Wailua Houselots Park, this fee simple multi-unit property offers a rare opportunity to reimagine a classic island compound in one of Kapaʻa’s most loved neighborhoods. Set directly across from Wailua Houselots Park, this fee simple multi-unit property offers a rare opportunity to reimagine a classic island compound in one of Kapaʻa’s most loved neighborhoods. Situated on a generous 14,000 square foot lot, the property is configured as three separate living spaces totaling approximately 1,933 square feet. The layout includes a 3-bedroom, 1-bath main home, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit, creating flexibility for multi-generational living, rental income, or a combination of both. The location is a standout feature. With Wailua Houselots Park just across the street, the setting offers open green space, a sense of community, and a lifestyle that embraces the outdoors. Beaches, schools, shopping, and the conveniences of Kapaʻa town are all just minutes away, making this a highly desirable area for both residents and long The location is a standout feature. With Wailua Houselots Park just across the street, the setting offers open green space, a sense of community, and a lifestyle that embraces the outdoors. Beaches, schools, shopping, and the conveniences of Kapaʻa town are all just minutes away, making this a highly desirable area for both residents and long-term tenants. The homes are in need of TLC and is best suited for those with vision and a willingness to invest in improvements. For the right buyer, this is an opportunity to restore, redesign, and unlock the full potential of this property in great location. Whether you are looking to create a multi-generational retreat, develop an income-producing property, or bring new life to a classic plantation-era home, this property offers the space, setting, and flexibility to make it your own.