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$215,000
1 Baths ⋅ 725793 MLS ⋅ ['Fee Simple'] Tenure ⋅ Orchid Manor BLDG.
Beautiful top floor unit in a great location. Vinyl plank & tile flooring throughout. Higher than average ceiling adds extra cubic feet, so the unit feels even larger. On the third floor. Fully furnished extra-large (496 sqft plus 80 sqft lanai) studio. The unit is air conditioned and utilities: electricity, water, gas, WIFI, TV cable, etc. are included with monthly fee. New real wood kitchen cabinets and granite counters 2020. Full size refrigerator and gas stove. All furniture, pots and pans, flat screen TV, dishes, linens and everything you need are negotiable. The complex features a secure building, in-ground pool, on-site laundry, Hilo Bay views, Resident Manager, elevator & video security system. Monthly Maintenance Fee of $753.43/mo includes resident manager, electric, water, gas, garbage pick-up, pest control, and grounds and building maintenance & insurance. Be sure to see this unit. Orchid Manor is conveniently located in Hilo., and close to the ocean parks and downtown with Farmers Market, groceries, restaurants and shops. Walk to Bay-front, Downtown, Banyan Drive and Liliuokalani Gardens, Coconut Island & beach parks.

355 Kalanianaole St Unit 330, HILO

Listing courtesy of Jade Dream Properties, LLC.

$190,000
1 Beds ⋅ 1 Baths ⋅ 725772 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waiakea Villas BLDG.
Recently refreshed with fresh paint, New refrigerator, and updated bathroom fixtures. This condo is move in ready! Exceptional opportunity to acquire a 1-bedroom, 1-bathroom dual entry condominium consisting of approximately 519 sq/ft of living space in Waiakea Villas. This is a low-rise, fee-simple condominium nestled in a lush tropical setting with hotel resort zoning, allowing for both long-term residency and short-term vacation rentals. Immerse yourself in the tranquil ambiance of Waiakea Villas, this property features a delightful swimming pool, picturesque walkways, koi-filled waterways, and a coin-operated laundry in each building for added convenience. Monthly Homeowner Association Fees cover an array of utilities, including common area electricity, water, sewer, and gas for hot water. Additionally, it encompasses common area maintenance such as swimming pool upkeep, parking facilities, landscape maintenance, and trash collection, along with contributions to a reserve fund. Unit electricity is separately metered, with costs depending on individual usage. Please note that monthly association fees do not cover cable TV, internet, and telephone services. Situated in the heart of Hilo, experience the convenience of a short stroll to Hilo Bayfront and the downtown Farmer's market, surrounded by scenic jogging paths and picnic pavilions in Wailoa Park. Indulge in nearby shopping, dining and entertainment offerings. Don't miss the opportunity to own a piece of paradise that seamlessly combines tranquility with accessibility. No Pets allowed with the exception of Service Animals. Buyer and buyer's agent are responsible for thoroughly investigating all relevant and essential information concerning the acquisition of this property.

400 Hualani St Unit 4226, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$425,000
3 Beds ⋅ 2 Baths ⋅ 725574 MLS ⋅ ['Leasehold'] Tenure
This is a leasehold property. Keaukaha Hawaiian Homes-Renovated 5 bedroom, 2 baths, large 21,155 sq. ft.lot. Near Keaukaha Beach Park/ Puhi Bay in Hilo. Purchaser must be at least 50% Hawaiian.

203 Todd Ave, HILO

Listing courtesy of Keller Williams Honolulu.

$340,000
3 Beds ⋅ 3 Baths ⋅ 725524 MLS ⋅ ['Fee Simple'] Tenure
Located in the heart of Hilo Town, this unique and charming artist’s residence is ready for new owners to bring it back to its full potential. Downstairs, you are greeted by a light filled corner room with three custom bay windows and built-in book shelves. Abundant light and privacy make this the perfect spot for a home office or reading room. Down the hallway, you will find a full bath, two bedrooms, and an additional adjoining full bath. A beautifully crafted stairway with built-in library leads you to the bright and open upstairs living area and kitchen. Natural light filters through clerestory windows, highlighting the tall ceilings and unique architectural features. Expansive views stretch over neighboring Wailoa River State Park. The upstairs area includes two additional rooms and a half bath. Outside, mature fruit trees include citrus, soursop, starfruit, and more. Home has significant deferred maintenance, Pre-Listing Home Inspection Report available upon request.

37 Mehau Ln, HILO

Listing courtesy of Iokua Real Estate.

$250,000
725231 MLS ⋅ ['Fee Simple'] Tenure ⋅ Kukuau Plaza BLDG.
***Big Price Reduction!!*** Rare offering for commercial office space of this size at the well-established Kukuau Plaza. Priced below assessed value! Great central location in Hilo town with high traffic in a building that hosts multiple businesses, restaurant, bar and more. Fiber optic connected for high-speed internet, with water and sewer available for a new bathroom or sink. Newer AC installed and office features a break room and storage room or another private office in back and main office in front. Lots of ample parking for customers and did I say amazing location?

688 Kukuau Plaza Unit 210, HILO

Listing courtesy of Century 21 Homefinders of Hawaii.

$680,000
725155 MLS ⋅ ['Fee Simple'] Tenure
Nestled in Hilo’s desirable residential area, this rare 1-acre parcel is zoned RS-10 (Single-Family Residential, 10,000 sf minimum), offering outstanding flexibility and potential. The current zoning allows up to four separate single-family residences to be built without subdivision, providing an exceptional opportunity for multi-generational living or extended family who wish to live close to one another while maintaining their own space. In addition, the property offers future subdivision potential for those interested in long-term investment or development possibilities. County water is available per the Department of Water Supply, and the location offers convenient access to town, schools, shopping, and recreational amenities. Whether you’re seeking a private homestead, a family compound, or an investment opportunity, this property combines convenience, versatility, and value in one of Hilo’s most livable settings. There is an existing home on the property; however, it is not livable in its current condition and will need to be removed. The property is being sold for land value only.

2501 Kilauea Ave, HILO

Listing courtesy of Yamanaka Enterprises Inc.

$300,000
2 Beds ⋅ 2 Baths ⋅ 723987 MLS ⋅ ['Fee Simple'] Tenure ⋅ Bayshore Towers BLDG.
Discover convenient condo living at Bayshore Towers in Hilo. This unit is just minutes from Downtown Hilo, with easy access to shopping, dining, and local attractions. Situated near Hilo Bay, residents enjoy ocean breezes and a central location that blends comfort with island charm. Community amenities include a swimming pool, secured entry, resident lounge, and well-maintained grounds, offering a welcoming lifestyle in one of Hilo’s most established condominium communities.

84 Bayshore Towers Unit 302, HILO

Listing courtesy of Yamanaka Enterprises Inc.

$399,000
3 Beds ⋅ 1 Baths ⋅ 725022 MLS ⋅ ['Fee Simple'] Tenure
BACK UP OFFERS ACCEPTED! Tucked away on a large, quiet flag lot, this vintage Hilo residence, built in the 1920s, offers classic island charm and plenty of potential. Situated on a 16,912 sq. ft. lot, just minutes from UH Hilo, schools, shops, cafés, and historic Bayfront, this location blends privacy with convenience. With RS-10 zoning and the new Bill 123, buyers are encouraged to investigate the possibility of adding an Accessory Dwelling Unit (ADU) or expanding the existing structure. Buyer to confirm zoning, setbacks, and utility/infrastructure eligibility with the County. A rare opportunity to own a piece of old Hilo with room to grow — ideal for those looking for rental income, customize, renovate, or create multi-unit living in one of the area’s most desirable neighborhoods. The long-term tenant is reliable, treats the home with care, and would like to stay on! Please do not drive by. All showings to be accompanied by a REALTOR®.

2669 Kilauea Ave, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$459,000
1 Beds ⋅ 1 Baths ⋅ 724796 MLS ⋅ ['Fee Simple'] Tenure ⋅ Maunaloa Shores BLDG.
Successful STVR/NUC fully licensed, 5-star rating. Stunning, 1 bedroom, ocean side unit, right next to Carlsmith Beach Park. Fully furnished, everything included right down to the forks and knives. Act quickly to get this turn key vacation rental.

1875 Kalanianaole St Unit 504, HILO

Listing courtesy of Savio Realty Ltd. - Hilo Office.

$450,000
723823 MLS ⋅ ['Fee Simple'] Tenure
Very rare opportunity to own a piece of property in this area in general and in this wonderful exclusive subdivision. Come see this very well maintained lawn manicured lot with ocean horizon views. Wont last very long on the market. Highway frontage large lot which makes it very convenient for coming and going conveniences. All utilities are there also.

Kahoa Pl, HILO

Listing courtesy of T & C Realty.

$699,000
3 Beds ⋅ 3 Baths ⋅ 724525 MLS ⋅ ['Fee Simple'] Tenure
Single level 3 bedroom, 2 and 1/2 bath corner lot home located in super convenient location, close to downtown Hilo and shopping.

2557 Kinoole St, HILO

Listing courtesy of Help-U-Sell Honolulu Properties.

$210,000
1 Baths ⋅ 724460 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waiakea Villas BLDG.
Affordable Cozy Condo centrally located in Hilo Town. Waiakea Villas is a one of kind space with Beautiful flowering landscaping, water canals stocked with Koi fish water fountains, water falls, ducks, covered walkways and a pool. If you are searching for a living comfortable space in Hilo with all of the amenities look no further for here it is! This super cozy and comfy unit is on the second floor with a good sized lanai facing the Pool. This Condo may only be 380 sqft but it has everything you need for comfort. Unit has so many bonus features including: wood floors, upgraded bathroom and Kitchen, Lots of shelves and storage area and AC. The Coin Operated Laundry facility is on the second level just down the hallway from unit. This complex is close to everything including : Hilo International Airport, Shopping centers, Government Buildings, parks, beaches, medical facilities including Urgent care , Hilo Hospital and so much more. Another huge Bonus Feature is having Wailoa State Park in the complex's back yard which has the infamous Rainbow Bridges, Pavillions as well as walking and Bike Paths. Lots of ducks and Nene Geese can be spotted swimming and walking in the park as well. Wailoa River which runs through the park goes into the Hilo Bay which is minutes from complex. The Waiakea Villas condominium has two parking lots. One is located off Mililani Street close to Buildings 3 and 4 and the other is off Kekuanaoa Street near the Hawaii County Water supply office. Parking is open no designated parking. ** unit is currently being rented long term for $1,490.00. Waiakea Villas currently allows short term rentals and vacation rentals.

400 Hualani St Unit 4224, HILO

Listing courtesy of eXp Realty.

$895,000
724208 MLS ⋅ ['Fee Simple'] Tenure
2525 Maikalani Street is an ideal site for a tropical estate, nestled within the bucolic Puueo Farm Lots. The Puueo Farm Lots neighborhood is comprised of around 80 expansive homesites and offers both privacy and convenience. Located a few minutes from downtown Hilo, former macadamia nut orchards have been transformed into one of the Big Island's premiere agricultural estate communities. 2525 Maikalani Street presents a rare opportunity to become part of this community. Measuring 23.5 acres in area, Parcel 38 provides a sweeping view of the ocean, coastline and Hilo town. The property rises from approximately 800 to 1,000 feet in elevation and features a unique point where two streambeds converge. In addition to macadamia nut trees, small orchards of coffee and cacao have been planted. Included with the 23.5-acre site is a 700-square-foot studio, with a 550-square-foot deck and storage area below. The studio should accommodate a variety of uses and may be an ideal space for guests. This property is currently off-grid and serviced by an Outback power system. HELCO electrical service is available nearby. Ask to see a video of the property.

2525 Maikalani St, HILO

Listing courtesy of RE/MAX Properties.

$290,030
5 Beds ⋅ 2 Baths ⋅ 723970 MLS ⋅ ['Fee Simple'] Tenure
Nice opportunity for a rehab property in Hilo town. The property was renovated before the fire damage. Fire and water damaged areas were cleaned out. The house is within walking distance to Waiakeawaena elementary school, Andrew's gym, and is located conveniently near shopping, banking, restaurant, etc. County permitted square footage is 1556. Three bedrooms with one bath upstairs and three bedrooms with one bathroom downstairs. Ground termite treatment completed in 2022. Roofing and cement siding conditions are great. Fruit producing mango and avocado trees on site. The lot is 15,000 sf with plenty of parking spaces. Located on a cul-de-sac so the property is limited to through traffic. Buyer and Buyer's agent to their own due diligence. NO CONTINGENCIS-AS-IS please add addendum. Please do a drive-by and look in windows before scheduling an appointment to view inside. The house is boarded up and easily viewed from the outside. Fire and Water damage.

89-A Kawailani St, HILO

Listing courtesy of Big Island Properties.

$597,500
3 Beds ⋅ 2 Baths ⋅ 723927 MLS ⋅ ['Fee Simple'] Tenure
Classic style home built in the 1950's that is in immaculate condition. Original windows and wood floors throughout that is centrally located close to schools, shopping, dining and etc. Exterior recently painted and garage door added. The grounds are well taken care of with fruit bearing banana, avocado and lots of coconut trees. Large 16,992 sq. ft. of land area with the possibility of a Ohana. Gated entryway with fencing and Rockwall adds security.

390 Mohouli St, HILO

Listing courtesy of Century 21 Homefinders of Hawaii.

$435,000
3 Beds ⋅ 1 Baths ⋅ 723760 MLS ⋅ ['Fee Simple'] Tenure
This charming Hilo residence stands proudly in the heart of town, quietly nestled near the historic bayfront and just minutes from the Hilo Farmer's Market, UH Hilo, shops, cafes, and schools. The 3-bedroom, 1-bath home sits on one of two side-by-side lots, both zoned Duplex/Double-family (RD-3.75), offering flexibility and options. Both parcels included in the listing price. This rare in-town opportunity is ideal for those looking to customize a property with potential for a variety of residential uses. Enjoy the lush Hilo climate and the convenience of nearby parks, beaches, and essential services all in an established neighborhood. Listing must be sold with parcel -047.

54 Derby Ln, HILO

Listing courtesy of Property Professionals Hawaii LLC..

$365,000
9 Beds ⋅ 3 Baths ⋅ 723448 MLS ⋅ ['Fee Simple'] Tenure
High-Cash-Flow Investment in Downtown Hilo –Now $395,000 Hoku Street,Hilo,HI 96720 This Downtown Hilo property offers strong income and even higher potential through room-by-room rentals. Homes rented by the room typically earn significantly more monthly income, provide more stable cash flow, and generate higher long-term returns. With 9 rentable rooms, 3 bathrooms, and 2 full kitchens (upstairs and downstairs), the property is already producing solid revenue and can be improved further. Income & ROI: • Current gross income: $70,000–$80,000+ per year • At $395,000 — gross ROI of 13.1% at $70K/year or 15% at $80K/year • Opportunity to increase ROI through optimized room-by-room rentals • Additional tax benefits from depreciation and write-offs • Multi-tenant setup reduces vacancy risk and enhances income stability Why Room-by-Room Works Well Here: • Higher total income than whole-house rentals • Strong demand from students, workers, and medical professionals • Ideal for investors seeking high NOI and rent per square foot • Flexible layout suited for shared housing, workforce rentals, or multi-family use Property Details: • 9 total rooms • 3 bathrooms • 2 full kitchens • Flexible layout for shared housing or rentals • Potential to raise rental value with updates Prime Downtown Hilo Location — walking distance to major employers, hospitals, colleges, stores, restaurants, beaches, parks, and public transportation. High rental demand and rare availability in this area.

82-D Hoku St, HILO

Listing courtesy of Nathalie Mullinix Realty Universal, Inc..

$1,101,800
723513 MLS ⋅ ['Fee Simple'] Tenure
Rarely available 39,350 sq ft lot in the urban core of Hilo, located in the Waiakea Cane Lots subdivision just blocks from the University of Hawai‘i at Hilo. Priced at $28 per square foot, this L‑shaped parcel is offered at land value and includes a planned 20‑foot‑wide driveway easement (not yet recorded) to serve the rear adjacent lot. There is an existing structure on the property in poor condition and not considered in the pricing. The property lies within the State Urban District and is designated HDU (High Density Urban) under Hawai‘i County’s General Plan (GP‑2045). With RS‑10 zoning, the site currently allows Single‑Family Residential use. Additional development paths — including duplexes, student housing, PUDs, or certain commercial uses — may be possible with County approval. Buyers should consult an architect or planner to evaluate site‑specific development potential. An extended due‑diligence period may be considered for qualified buyers.

1322 Ululani St, HILO

Listing courtesy of PHP Properties.

$200,000
3 Beds ⋅ 2 Baths ⋅ 723322 MLS ⋅ ['Leasehold'] Tenure
This is a leasehold property. Buyer must be on the Hawaiian Homes List with the Department of Hawaiian Homelands to purchase. Located in the heart of Keaukaha, this Leasehold Hawaiian Homestead property is truly a hidden gem. Known for its strong sense of community and close proximity to the ocean, Keaukaha is one of Hilo’s most special and sought-after neighborhoods. Just minutes from the beach and only 15 minutes to downtown Hilo, the location offers the best of island living. This 3-bedroom, 2-bathroom home offers a generous layout with plenty of room to grow. While the condition is below average and will require renovation, it's a great opportunity for someone looking to restore or reimagine a property in a prime location.

236 Lyman Ave, HILO

Listing courtesy of Coldwell Banker Realty.

$945,000
6 Beds ⋅ 6 Baths ⋅ 722978 MLS ⋅ ['Fee Simple'] Tenure
SELLER IS MOTIVATED and OFFERING SELLER FINANCING. Property offers both residential and commercial use. The upper level includes a 4-bedroom, 1.5-bath home with approx. 1,824 sqft of living area. The lower level consists of 8 separate storage/closet areas plus a large studio with a kitchenette and an additional room attached with approx. 1,107 sqft An attached commercial warehouse is currently configured as an auto repair shop. The front bay is approx. 2,775 sqft, and 920 sqft of second-level warehouse space. A covered lanai at the rear of the warehouse provides added utility. In total, the property includes over 6,626 sqft of covered area. Per MLS data, there are no other active listings with a warehouse in the Warehouse Lots subdivision of Keaukaha, Hilo. The seller may also consider selling tools and equipment. Square footage may not match county records; buyers and agents to verify all material facts and conduct their own due diligence.

77 Silva St, HILO

Listing courtesy of Real Broker.

$3,500,000
3 Baths ⋅ 721902 MLS ⋅ ['Fee Simple'] Tenure
An exceptional opportunity to acquire fee simple commercial real estate in one of Hilo’s most accessible corridors. Located just off of Kanoelehua Ave between Kamehameha Ave and Kalanianaole, this 1.79-acre property offers an excellent opportunity. High visibility with easy ingress/egress that is well-positioned for future commercial development or redevelopment. Strategically located near the Banyan Drive resort area, Hilo International Airport, Hilo Harbor and Hawaii Island's state and county offices. This property is ideal for investors, owner-users, or developers seeking a flexible commercial asset with strong infrastructure and an irreplaceable location. Property Highlights: Land Area: 1.79 acres (Fee Simple) Zoning: V-.75 (Urban, Resort, Commercial Use) State Land Use: Urban Building Size: Approx. 4,540 SF Utilities: Water: County Department of Water Supply via existing 12-inch main; 3 active water services already on site. Wastewater: Served by County sewer system via 30-inch main along Kalanianaole Street; two stub outs, one currently in use. Site Improvements: Existing commercial structure. Paved parking lot and additional graded parking areas. Cleared and fully graded site with minor landscaping along perimeter. Prime Commercial Property – 92 Kalanianaole Street, Hilo, HI 96720

92 Kalanianaole St, HILO

Listing courtesy of Aloha Sotheby's Intl Realty - Hawai'i.

$479,000
2 Beds ⋅ 2 Baths ⋅ 722523 MLS ⋅ ['Fee Simple'] Tenure ⋅ Hale Moana Apartments BLDG.
Enjoy island lifestyle in this ideally located 4th floor end unit 2 bedroom 2 bath condo in Keaukaha. Being an end unit enhances your privacy and quiet enjoyment. A short stroll from iconic Carlsmith Beach Park and the beloved Seaside Restaurant. Be greeted by the beauty of emerald green, lush fauna from your spacious lanai, perfect for relaxing or entertaining. While the Seller has remodeled many features in the unit including kitchen and baths over their ownership there is always more to do or update. Primary bath hosts grab bars in the shower. There may be some other ADA features but unit is not 100% ADA compliant, please do your own research if these are important aspects of a property for you. Maintenance fees include gas, electricity & water along with basic cable. The trees in front of building are on state land that runs in between the Hale Moana and the pacific ocean. There is a small hand cleared trail for ease of access to walk to the tidal ponds that dot the coastline. The swimming pool offers a restroom and changing area for your enjoyment. Currently the only unit offered for sale in the prestigious Hale Moana. Don't miss this opportunity! You will thank yourself as you enjoy the peaceful, private location, cooling tradewinds with abundant natural light. This home offers true comfort in one of Hawaii Islands most sought-after coastal neighborhoods.

1911 Kalanianaole St Unit 401, HILO

Listing courtesy of Mary Begier Realty.

$1,200,000
717284 MLS ⋅ ['Fee Simple'] Tenure
Exceptional investment opportunity! Totaling nearly 43 acres, these three contiguous parcels are zoned A-3A and situated in the desirable Waiakea district of Hilo. Property Features: Parcel 1: Over 27 acres Parcel 2: Over 15 acres Parcel 3: Nearly 24,000 sqft Zoned A-3A, allowing flexibility for future use Paved roads Multiple access points Location Highlights: -Situated in the highly sought-after Waiakea Homesteads -Quick access to shopping, schools, and amenities in Hilo -Peaceful and private setting while conveniently close to urban essentials Buyers and their agents to perform their own due diligence as to the availability of utilities, road access, and potential land uses. The smallest parcel may be considered a roadway lot.

Ainalako Rd, HILO

Listing courtesy of COMPASS.

$1,150,000
3 Beds ⋅ 3 Baths ⋅ 721442 MLS ⋅ ['Fee Simple'] Tenure
LIving on the Wailuku river is like no other experience! You may think you won't get used to the rush of the water and then you realize you are sleeping like a baby! Sellers have traveled the world, living in many environments so they built this home to incorporate that full lifestyle. This floor plan enabled them to welcome visitors from around the globe while they worked at their creative endeavors. There are as many windows open to the views and breezes as an architect could allow. Kitchen/living creates a great room designed before we had even thought about that concept! Fully owned PV system installed in 2007. Many touches enhanced over time. Up to you if you keep them or change them. This home has its fair share of steps so its not wheel chair friendly. However, there is a ramp from the carport to the back deck/door for ease of access to that area. An ensuite & office on the entry level with 2 bedrooms and a full bath upstairs. The deck is a true delight spanning the full width of the home along the back/river side, fully covered for your enjoyment!

254 Kaiulani St, HILO

Listing courtesy of Mary Begier Realty.

$799,000
3 Beds ⋅ 2 Baths ⋅ 721465 MLS ⋅ ['Fee Simple'] Tenure
Discover the charm and comfort of island living in this beautifully appointed 3-bedroom, 2-bathroom home nestled in the desirable Sunrise Ridge Estates. With over 2,000 sq ft of thoughtfully designed living space, this residence offers the perfect blend of elegance, function, and aloha spirit. Step inside to find ceramic tile flooring that flows seamlessly throughout, complemented by custom built-in wood shelving—ideal for displaying treasures or tucking away your favorite reads. The heart of the living room is a cozy fireplace adorned with a stunning lava rock mantle, adding warmth and a touch of Big Island flair. The spacious primary suite is your private retreat, featuring a luxurious bath area with a jet tub, separate shower, and an expansive walk-in closet that will satisfy even the most discerning homeowner. Outside, the easy-care yard is a tropical delight, framed by mature palms and vibrant flowering plants that invite you to unwind and enjoy the island breeze. Whether you're entertaining guests or simply soaking in the peaceful surroundings, this home is a true sanctuary in one of Hilo’s most sought-after neighborhoods.

708 Kukuau St, HILO

Listing courtesy of KW Big Island.

$3,238,000
721953 MLS ⋅ ['Fee Simple'] Tenure
Exceptional opportunity to acquire a well-maintained, two-story commercial building currently under a True Triple Net (NNN) long-term lease with a single tenant. Encompassing approximately 11,996 square feet of ADA-compliant interior space, the building features an elevator, multiple private offices, conference rooms, and flexible-use spaces—some previously configured for residential use. Both floors include central reception areas, men’s and women’s restrooms, with showers located on the ground floor. A dedicated laundry room with washer/dryer hookups adds further utility. Offering a solid return on investment with a current annual cap rate of 6.78%, this property presents a rare chance for income-focused investors. The tenant pays all property taxes and maintenance costs, and the lease includes scheduled rent increases tied to the Honolulu annual CPI, ensuring a strong, inflation-adjusted income stream. Strategically located on Ululani Street directly across from the Hilo Police Department, this property is outside the Tsunami Evacuation Zone and offers a south-facing front entrance—a desirable attribute for those mindful of Feng Shui. The building’s design and history of use provide exceptional versatility. It has served as a residential medical treatment center, extended educational facility for the University of Hawaii, and temporary offices for County of Hawaii mayors. A new air conditioning system was installed in 2024, adding further value and comfort for current and future occupants. Secure, paved, off-street parking is included. Its downtown Hilo location offers convenience to government offices, legal centers, and medical facilities. Please do not disturb the tenant or access the property without authorization. No site visits permitted.

891 Ululani St, HILO

Listing courtesy of Pacific Image Properties.

$2,280,000
3 Baths ⋅ 721952 MLS ⋅ ['Fee Simple'] Tenure
Medical building with elevator, ADA accessible, reception area, conference room, doctor's offices. 6 examination rooms, staff room and kithen. Lots of parking on site and street. Built in 1995. CN-10 Zoned. Pictures were taken befor tenant move out.

126 Puuhonu Way, HILO

Listing courtesy of Pacific Image Properties.

$789,000
6 Beds ⋅ 5 Baths ⋅ 721532 MLS ⋅ ['Fee Simple'] Tenure
HUGE PRICE REDUCTION! Price reduced aggressively for a quick, as-is sale! Ocean-view 6-bedroom Hilo property with permitted attached ohana, multi-suite layout, and flexible income potential. Positioned above Hilo Bay, 16 Haaheo Rd offers expansive Hilo bay views from multiple rooms and lanais. The 6-bedroom, 4.5 bath configuration includes a primary suite with ocean-facing lanai and ensuite bath, plus a lower level featuring an additional suite and multiple bedrooms designed to accommodate extended living or rental arrangements. The attached ohana unit is permitted and includes a separate entrance, enhancing flexibility for multi-generational occupancy or income use. Previously operated as a licensed care home, the property’s bedroom count, multiple bathrooms, and accessibility-oriented layout provide a strong foundation for reactivation of care home use or conversion to hosted rental or bed-and-breakfast operation, subject to buyer verification of applicable requirements. Outdoor living areas include a covered lanai with kitchenette and established producing trees including avocado, rambutan, citrus, coconut, and calamansi. A structural engineer’s report addressing a compromised foundation and outlining recommended repair is available to prospective buyers who provide proof of ability to purchase. The repair scope has been evaluated. The key finding is that no major structural reconstruction is recommended. The prescribed remediation is focused on site regrading and improved water diversion, rather than significant foundation replacement/repair. Due to foundation condition, certain financing options may be limited. Property is sold as-is. Conveniently located within close proximity to downtown Hilo, the Hilo Farmers Market, medical facilities, shopping, Honoliʻi Beach Park, and more.

16 Haaheo Rd, HILO

Listing courtesy of EXIT Realty Island Living.

$700,000
4 Beds ⋅ 2 Baths ⋅ 721265 MLS ⋅ ['Fee Simple'] Tenure
Conveniently located in a central Hilo location, approximately 1 mile from E B deSilva school and 1.2 mi from the Hilo Hospital. The home has undergone many recent renovations. There is new vinyl plank flooring throughout. The living room and 3 bedrooms had new vinyl windows installed in 2021. There are ac units in the bedrooms and kitchen area. The interior has a fresh coat of paint. The kitchen on the upper level has ocean views on a clear day. The refrigerator was recently replaced, also included are stainless steel dishwasher, range and farmhouse sink The cabinets, granite counters, island and light fixture were all part of the 2021 renovations. The hallway bath has newer fixtures, vanity, cabinets and granite counters..The generous sized master bedroom features a walk in closet and en-suite bathroom. Two additional bedrooms were added by prior owner without permits. The garage is home to the a new electric dryer, a newer washer in 2021 and an existing gas dryer. The exterior includes a back deck and outdoor entertaining area. The backyard was leveled and a retaining rock wall was built with chain link fencing on top. The home was outfitted with 40 photovoltaic panels and 3 Tesla batteries by Sunnova. This was owner purchased and the set up generates around $800./month in electricity. The note can be assumed for $600./month. The unit has a complete 25 year warranty, covering batteries and panels. Home is rented for 6 months commencing Sept 1, 2025. For more photos please visit: https://listing.hawaiirealtysolutions.com/ut/7_Luana_Way.html

7 Luana Way, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$220,000
1 Baths ⋅ 720935 MLS ⋅ ['Leasehold'] Tenure
This is a leasehold property. Orchid Land Surfboards, a beloved fixture in the Big Island surf community for 53 years. Now, for the first time in its history, this beloved institution is being offered for sale. This well-established and locally loved retail business offers a prime bayfront location with high visibility, strong foot traffic, and easy access to parking and neighboring shops. The shop is well-positioned to capture tourist sales with minimal extra investment. The vibrant storefront features a curated selection of surfboards, boogie boards, beachwear, swimwear, accessories, and locally made goods, attracting both residents and visitors who appreciate Hawaii’s surf and beach culture. Orchid Land's original tees are worn with pride across the islands. Step inside and enjoy viewing the walls of memorabilia collected over the years. Founded and operated by Stan Lawrence, he refers to it as his museum. This is more than a business - it's a place people return to, year after year, for boards, gear and connection. Hilo welcomes weekly cruise ships with 2,000+ passengers, plus regular island visitors. Built-in marketing advantage: the shop’s daily surf report, broadcast seven times a day on four local radio stations, includes the store’s name in every update—providing valuable, no-cost exposure to thousands of listeners daily. The familiar voice of the legend himself is heard every day. Sale includes inventory, fixtures, branding, and established vendor relationships. Step right in and ride the wave of Hawaii’s year-round surf lifestyle. An exceptional opportunity for an owner-operator or investor looking to expand in Hawaii’s thriving lifestyle retail market. Untapped online sales potential. The shop is waiting for the right person to launch an online store. Don’t miss this rare chance to own an iconic piece of Big Island surf history. **This is a business sale only and does not include real property.**

262 Kamehameha Ave, HILO

Listing courtesy of Arabel L Camblor Realty.

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