Hilo, HI Multifamily Homes & Duplexes for Sale

/30
$749,000
- 5 Beds
- 2.5 Baths
- 2,904 Sq Ft
619 Mililani St, Hilo, HI 96720

Unique investment opportunity located in the heart of Hilo, featuring two separate homes on one lot.The first home, a charming multi-level classic (white home), was built in 1932 and refreshed in 2020. It includes two bedrooms and two bathrooms (one 3/4 bath and one 1/4 bath).The second home, a yellow multi-level home, was built in 1985. The upper level offers two bedrooms and one

Tessie Fontes Coldwell Banker Island Properties - Hilo

619 Mililani St, Hilo, HI 96720
Explore Hilo
/23
$748,000
- 7 Beds
- 4 Baths
- 2,640 Sq Ft
49 Kuhilani St, Hilo, HI 96720

This is a wonderful opportunity to own a large family home that is conveniently located above the University of Hilo on a large lot in a very well maintained, safe and desirable neighborhood. This attractive, fully fenced property offers the potential for multi-family generational living or as a successful rental property. Existing home has partitions between sections to provide privacy between

Mary Blyth Salt Water Real Estate LLC

49 Kuhilani St, Hilo, HI 96720
/27
$3,950,000
307 Lehua St Unit 22, Hilo, HI 96720

Great opportunity to own an apartment building in walking distance to downtown Hilo where you will find all of the amenities including the farmer's market, local eateries, grocery stores, post office, boutique shops, etc. Next door to Jump Start Preschool. Just a short drive from medical facilities, airport, and Hilo Hospital. Hilo Bay and Honolii Beach Park are known as

Benjamin Kawakami Jr eXp Realty

307 Lehua St Unit 22, Hilo, HI 96720
/15
$795,000
- 4 Beds
- 2 Baths
- 1,720 Sq Ft
199 Kehaulani St Unit 3, Hilo, HI 96720

Attention Investors!Exceptionally Rare Income-generating opportunity.Property offers 3 separate buildings.•First home is currently rented.Lease expires 8/31/2025.•Second home recently upgraded and rent ready.•Third building is a large unfinished structure constructed as a house but permitted as storage shed.Well-maintained property offers exceptional

Alice Wise Century 21 Homefinders of Hawaii

199 Kehaulani St Unit 3, Hilo, HI 96720
/30
$2,999,999
- 6 Beds
- 6.5 Baths
- 3,618 Sq Ft
23 MacHida Ln, Hilo, HI 96720

Oceanfront Paradise: Versatile Luxury Property with Endless PotentialDiscover an extraordinary opportunity to own a piece of Hawaiian paradise. This stunning oceanfront property, borders the picturesque Onekahakaha Beach Park, offering breathtaking views of the Pacific Ocean and easy access to a protected white-sand cove.Featuring over 6,300 sqft of thoughtfully designed space, this

David Skeele COMPASS

23 MacHida Ln, Hilo, HI 96720

Hawaii Hawaii County Hilo

Why Live in Hilo

Hilo, located on the east side of Hawaii's Big Island, is a town with about 45,000 residents. Known for its quieter atmosphere compared to the west coast, Hilo attracts visitors to its historic downtown and natural attractions like the Lili’uokalani Gardens and Rainbow Falls in Wailuku River State Park. The town experiences significant rainfall, contributing to its lush rainforests and gardens. Hilo’s climate is marked by gray skies and an annual rainfall of approximately 125 inches, making it the wettest city in the United States. The town's architecture includes many pre-World War II plantation-style homes with wide-hipped roofs and covered lanais, alongside newer homes built from the 1980s onward. Downtown Hilo is the hub for dining and shopping, featuring a variety of restaurants, the Hilo Farmers Market, and cultural sites like the Palace Theater. The Merrie Monarch Festival and the Hilo Orchid Society Annual Show and Sale are notable events that draw large crowds. Education in Hilo is highlighted by Waiakea High and St. Joseph School, both of which are highly rated. While Hilo Bay's funnel shape can exacerbate tsunamis, the community has implemented buffer zones and warning systems to mitigate risks. Traffic is generally light, with major roads like Hawaii Route 200 and Kamehameha Avenue being mostly free-flowing. Hilo International Airport primarily offers interisland flights, and the Hele-On Bus provides public transportation options.

Learn more about living in Hilo

Home Trends in Hilo, HI

On average, homes in Hilo, HI sell after 42 days on the market compared to the national average of 70 days. The median sale price for homes in Hilo, HI over the last 12 months is $579,000, down 29% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$579,000

Median Single Family Sale Price

$885,000

Median 2 Bedroom Sale Price

$299,000

Median 1 Bedroom Sale Price

$305,250

Average Price Per Sq Ft

$464

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

2.00

Median List Price

$550,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

-29%

How to Buy a Home How to Finance a Home How to Sell a Home

In Hilo, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $748,000 to $3,950,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Hilo is $550,000, while the average sale price is $617,919, offering insights into the local housing market. On average, multi-family homes spend 42 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Hilo, HI.

Hilo Types of Homes for Sale

More About Living in Hilo

Homes in Nearby Counties

Hawaii County Homes for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.