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$300,000
726255 MLS ⋅ ['Fee Simple'] Tenure
Flag lot off Kaumana Drive on a slight rise with distant ocean horizon view. Shared asphalt driveway that begins at 558 Kaumana and currently ends at 558-A Kaumana. You cannot see the lot from the road. House plans are available for review: 3 bed/2.5 bath with 1,936 sf living area, 366 sf covered lanai, and 1,056 sf carport/storage.

560 Kaumana Dr, HILO

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

$790,000
4 Beds ⋅ 4 Baths ⋅ 727032 MLS ⋅ ['Fee Simple'] Tenure
Opportunity awaits! Two homes on larger lot in Waiakea Houselots. Both homes need some TLC, but are very livable. Live in one, rent the other or rent both. Opportunities like this rarely come up in this area. FRONT HOUSE: Fumigated 1/24/2026 Charming "old-style" touches with many built-ins: kitchen breakfast nook, original kitchen sink, dining room "hutch" (with storage drawers and shelves), lanai with generous counter/cabinets for your get-togethers. There is a generous sized storage/workshop room in the carport as well as a half bath. A separate shower is located in the utility room which is off of the carport and enclosed as part of the entry into the home, making doing laundry private and secure. BACK HOUSE: Fumigated 2/8/2024 Your basic, simple home needing some upgrades, but a little TLC will bring it to life. No appliances included with this home.

568 Kalanikoa St Unit 2, HILO

Listing courtesy of Savio Realty Ltd. - Hilo Office.

$350,000
3 Beds ⋅ 2 Baths ⋅ 727269 MLS ⋅ ['Fee Simple'] Tenure ⋅ Wailuku Park Townhouses BLDG.
Charming 2-story residence nestled in the heart of Hilo, HI. Townhouse with 3BR/1.5BA. For comfort and convenience, the property boasts a private washer/dryer, kitchen with oven/range and microwave and separate entrance door plus an outstanding private lanai area overlooking Wailuku River with front entrance door. Enjoy the natural surroundings, but, this location has easy to access local amenities and attractions like downtown Hilo shopping and dining, Hilo Library and the post office. It's also close Hilo Benioff Medical Center. Includes one assigned parking stall (guest parking first-come first serve). On site Resident Manager. Member of a homeowner's Association. Experience the best of Hilo living at Wailuku Park Townhouses.

188 Hale St Unit 3B, HILO

Listing courtesy of Day Lum Hawai'i LLC.

$395,000
725389 MLS ⋅ ['Fee Simple'] Tenure
Nestled near the top of Kaiwiki Road in beautiful Kaiwki Homesteads, this property offers peace, privacy, and the rare opportunity to develop your own dream forest retreat in East Hawaii's most sought after location. Surrounded on three sides by protected native forest Kaiwiki Homesteads offers unappareled beauty, sweeping coastal and forest views accessed by a County of Hawaii bridge and road. Located at the end of Kaiwiki Road with no-through access this property, with its potential for solar, hydroelectric and wind energy generation, deep rich soil and year-round spring fed stream offers the perfect setting for your off grid sustainable rural lifestyle. The almost 20-acre parcel has conservation resource subzone designation which allows for, after a permitting process, the construction of a single-family home and out buildings as well as the clearing of land for gardening and orchards. This zoning, which means your neighbors cannot subdivide and over develop the area, coupled with the area being surrounded by state forest reserve, ensures that your off-grid forest paradise will remain pristine, quiet and rural forever. (Buyer will verify all intended uses with DLNR) Located on the slopes of Mauna Kea just 15 minutes from Hilo's historic downtown and East Hawaii's premier surfing beach Honolii, this property offers the best of both worlds: peaceful forest setting minutes from beaches, shopping and health care facilities. Do not miss out on this opportunity to live your Big Island dream.

Kaiwiki Rd, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$595,000
4 Beds ⋅ 4 Baths ⋅ 720363 MLS ⋅ ['Fee Simple'] Tenure
New roof replacement and front lanai floor newly updated and painted with both front and back railings update complete. Recent electrical updates are complete and scheduling plumbing updates. This Classic style home is in a great location in the heart of Hilo town walking distance to the town's famous farmer's market and recreation areas of Lincoln park, tennis courts, Mo'oheau park and Bayfront. The Central fire station is just a block away along with restaurants, grocery stores, gas stations, and medical, bank, office, and professional services buildings. The home features 3 bedrooms upstairs each with their own private bathroom with a large front lanai entrance with beautiful ocean views of Hilo's famous Bayfront. The upstairs front door enters you into a quaint front living room with the kitchen at the end of the hallway with its own private back lanai. The upstairs unit has 9 foot ceilings and hardwood floors with the old vintage design of yesteryear. The downstairs studio is large and spacious and has a unique and spacious bathroom with tile floors. Upstairs 3/3 and back downstairs studio units previously rented long term ($2,500 plus utilities and $850 a month respectively) and possible bottom front unit available (currently an office with its own bathroom with shower) for new owner or to rent out as well.

301 Ponahawai St, HILO

Listing courtesy of COMPASS.

$639,000
3 Beds ⋅ 2 Baths ⋅ 726415 MLS ⋅ ['Fee Simple'] Tenure
Set on a generous 13,124 sq. ft lot, this renovated single-level home in Hilo offers a rare combination of space, privacy, and flexibility. Tucked away from the main road and accessed via a private easement, the property provides a quiet setting while remaining conveniently located near town. The fully usable yard—fenced on three sides—offers ample room for gardening, outdoor living, or exploring future improvements. Properties with this much space are increasingly hard to find in this price range. The home features 3 bedrooms and 3 bathrooms, along with a spacious 3-car carport. Recent renovations showcase quality craftsmanship throughout, with new appliances and split AC units installed in the primary bedroom and main living area for added comfort. With its combination of land, location, and existing improvements, this property offers a unique opportunity to enjoy now while maintaining flexibility for the future. Floor plan link: https://visithome.ai/QVMXgSsurvo5AKdkDPcddr?mu=ft Slide show link: https://videos.sproutvideo.com/embed/aa9bdfb61e1de2c720/005c88c63e015642?bigPlayButton=false&playerTheme=light&playerColor=2f3437

144 Chong St, HILO

Listing courtesy of Pacific Coast Properties Inc.

$245,000
1 Beds ⋅ 1 Baths ⋅ 726504 MLS ⋅ ['Fee Simple'] Tenure ⋅ Lagoon View Apartments BLDG.
Centrally located Condo in Hilo. Close to Shopping Centers, the Airport and Colleges. One bedroom on the ground floor. New screen door. New window cover in the Living room. One parking stall is assigned for this unit. Short Term Vacation Rental is allowed based upon association approval. AOUO Fee covers: Common element electricity, Water, Sewer, Gas for cooking / backup to solar water heater, Ground maintenance, Building maintenance, Trash removal, Insurance, and Association Fees.

50-A Maile St Unit 9, HILO

Listing courtesy of Pacific Coast Properties Inc.

$260,000
2 Beds ⋅ 1 Baths ⋅ 726429 MLS ⋅ ['Fee Simple'] Tenure ⋅ Kapiolani Villa BLDG.
3rd floor unit now available. This is the top floor of the complex. Providing 2-bedroom 1 bath unit located in the Kapiolani Villas condominium. Enjoy the convenience of living just a few minutes walk to Downtown Hilo and less than a 10 minute drive to UH- Hilo campus, Hilo Hospital, Prince Kuhio Plaza and pretty much anywhere else in Hilo Town.

272 Kapiolani Villa Unit 304, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$245,000
1 Beds ⋅ 1 Baths ⋅ 725692 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waiakea Villas BLDG.
Welcome to Waiakea Villas — an apartment complex in the heart of Hilo, set among beautifully landscaped tropical grounds and peaceful waterways. This well-maintained 1-bedroom, 1-bath condo, with soaring cathedral ceilings, offers comfortable living with a spacious layout and excellent natural light throughout. The open living area flows nicely into the kitchen and dining space, creating a warm and inviting atmosphere. Large windows bring in views of palm trees and the surrounding greenery, giving the unit a private and tranquil feel. The bedroom is generously sized, with plenty of space for a king- or queen-sized bed and additional furniture. The full bath is clean and functional, with easy access from the hallway. Enjoy relaxing on your covered lanai overlooking the tropical landscaping — an ideal spot for morning coffee or winding down in the evening. The complex features a swimming pool, on-site laundry facilities, and beautifully maintained walkways surrounded by mature palms and koi ponds. Conveniently located near the University of Hawaiʻi at Hilo, shopping, restaurants, parks, and Hilo’s main commercial district, Waiakea Villas offers a peaceful retreat with excellent accessibility. This fee simple unit is perfect for first-time buyers, investors, or anyone looking for a low-maintenance property in a great location. A wonderful opportunity to own in one of Hilo’s most established condominium communities.

400 Hualani St Unit 3220, HILO

Listing courtesy of Hilo Brokers Ltd.

$799,900
3 Beds ⋅ 2 Baths ⋅ 726141 MLS ⋅ ['Fee Simple'] Tenure
Experience the beauty and tranquility of an island living on approximately 3 acres in the highly desirable Waiakea Uka district of Hilo. Offering privacy, breathtaking ocean and Mauna Kea views, and a versatile floor plan, this property presents a rare opportunity to own a spacious retreat just minutes from Hilo's conveniences. This well-maintained 3-bedroom, 2-bathroom home also includes a flexible bonus room, ideal for a home office, guest room, hobby space, or playroom. A welcoming covered front lanai leads into a bright, open interior featuring bamboo flooring, slate-tiled foyer, and an abundance of natural light. The spacious living room is highlighted by accordion French doors that open to an expansive rear lanai, creating seamless indoor-outdoor living while showcasing panoramic ocean views. Whether you're enjoying your morning coffee, entertaining family and friends, or relaxing at sunset, this outdoor space is designed to capture the best of Hawaiʻi living. The dining area also enjoys beautiful ocean views and flows into the well-appointed kitchen, complete with stainless steel appliances, reverse osmosis water filtration, dishwasher, trash compactor, built-in desk, and generous cabinet storage. A separate laundry room includes a washer, dryer, and utility sink for added convenience. Privately situated in its own wing, the spacious primary suite features a walk-in closet, direct lanai access, stunning ocean views, and an ensuite bath with double vanities and elegant travertine flooring. On the opposite side of the home are two additional bedrooms, one with picturesque Mauna Kea views and the other offering both Mauna Kea views, lanai access, and a charming custom mural. The grounds are a true tropical retreat, showcasing a diverse collection of mature fruit trees, including ulu (breadfruit), jackfruit, tangelo, papaya, loquat, avocado, and both red and yellow dragon fruit. The property also features a young mamey sapote tree, and pineapple.

111 Alawaena Pl, HILO

Listing courtesy of eXp Realty.

$1,050,000
9 Beds ⋅ 5 Baths ⋅ 726134 MLS ⋅ ['Fee Simple'] Tenure
3-2-1: Three (3) homes on two (2) separate parcels sold together at one (1) attractive price for the home buyer and/or extended family or investor looking for a prime location in Hilo. The parcels being sold together are TMK 3-2-2-25-17 (10,384 land area) & 3-2-2-25-33 (11,661 sqft. land area). All utilities are available and connected to sewer.

1560 Kilauea Ave, HILO

Listing courtesy of CG Hawaii Realty Corp..

$785,000
725748 MLS ⋅ ['Fee Simple'] Tenure
Formally Waiakea Uka Ranch. . . partially-fenced beautiful 8.23 acres of pastureland (originally a ginger farm) with multiple structures and all utilities . . . spacious 2,394 sf warehouse with shower and bathroom . . . and 2 office spaces / guest rooms, outdoor prep counter and sink with BBQ grill and picnic tables overlooking landscape. on-demand water heater. Ideal grazing fields and fertile soil for cultivating food crops and ornamental plants. Limited vehicular traffic. Shared border with state forest lands. Ideal location above Hilo town for shopping & dining out. Perfect for gentleman farmer?? Vacant land loan may be acceptable, depending on lender.

681 Hoaka Rd, HILO

Listing courtesy of Chris Brilhante Realty, Inc..

$595,000
3 Beds ⋅ 2 Baths ⋅ 725877 MLS ⋅ ['Fee Simple'] Tenure
This tenant occupied home and property is perfectly positioned at the top of a Cul-de-sac and is located just minutes to Downtown Hilo with shopping, dining, schools, theaters, local businesses, U.H. Hilo, parks, etc. Excellent located property, only minutes to Downtown Hilo! Please see Agent Remarks.

24 Manu Pl, HILO

Listing courtesy of HomeSmart Island Homes.

$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.

$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.

$299,000
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.

$650,000
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.

$290,000
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.

$439,000
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.

$850,000
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.

$281,000
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.

$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.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.