$1,145,500

127 Kanoelani St Unit 1 Hilo, HI 96720

Estimated payment $7,340/month

Total Views 11,838
7 Beds
4 Baths
5,746 Sq Ft
$199 Price per Sq Ft

Highlights

  • Wood Flooring
  • Attached Garage
  • Grass Covered Lot
  • Waiakea High School Rated A

About This Home

Prime Multi-Unit Property with Income Potential & Owner-Occupant Opportunity

This exceptional multi-unit property, located on a spacious 26,640 sq ft lot with two private driveways, offers a unique opportunity for both investment and owner-occupancy. Recently remodeled and move-in ready, the layout ensures privacy for all units while maximizing rental income potential.

Front Home: Features three units:

Main Unit: A 3-bedroom, 2-bathroom home with generous living space, a large lanai, and a 2-car carport.
Upstairs Unit: A 1-bedroom, 1-bathroom unit with a kitchen, private access, exterior lanai, and 2-car carport.
Downstairs Unit: A 1-bedroom, 1-bathroom unit with its own carport, ideal for small households. All three units are occupied, generating reliable rental income.
Back Home: A spacious 4-bedroom, 2-bathroom home with a carport, currently vacant, offers an ideal opportunity for owner-occupancy. The back home also includes a 1-bedroom, 1-bathroom unit, which is being leased for additional rental income.

While distant ocean views from the back lanai enhance the peaceful atmosphere, the true value of this property lies in its versatility. The large lot offers ample space for landscaping, gardening, and additional privacy.

Whether you choose to live in the back home while collecting income from the front units or lease all units for maximum cash flow, this property offers long-term financial potential. A rare opportunity to invest in both a tranquil residence and a profitable rental property.

E Komo Mai (Welcome and Come on by)
The information herein, while deemed reliable, may contain inaccuracies or be incorrect & is provided without warranty or guarantee of any kind. Buyer & buyer's agent to perform due diligence and investigate & confirm all pertinent & material facts. Sold As-Is. There are no guarantees or warranties

Listing Agent

Gina Chun

Hara Chun Realty, LLC Brokerage Phone: 8089363297 License #RB-20817

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,508

Year Built

  • Built in 1951

Lot Details

  • Property fronts a county road
  • Grass Covered Lot
  • Property is zoned RS-15

Home Design

  • Wood Frame Construction

Interior Spaces

  • 5,746 Sq Ft Home
  • 2-Story Property

Kitchen

  • Range with Range Hood
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • 1,409 Carport Spaces

Utilities

  • Gas Water Heater
  • Cesspool

Community Details

  • Waiakea Homesteads 1St Series Subdivision

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 3240140520000

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,508

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • ResoLotFeatures: Grassy, See Remarks
  • Attribution Contact: 8089363297
  • Co List Office Phone: 8089363297
  • Ownership: Full
  • MLS Status: A
  • Subdivision Name: WAIAKEA HOMESTEADS 1ST SERIES
  • Carport Spaces: 1409.0
  • Unit Levels: Two
  • Living Area: 5746.0
  • Year Built: 1951
  • Tax Year: 2023
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: None
  • HIS_InUseAsShortTermVacationRentalYN: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dryer, Range, Range Hood, Refrigerator, Washer
  • Total Bedrooms: 7
  • Full Bathrooms: 4
  • Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Total Bathrooms: 4
  • Design: Wood Frame

Exterior Features

  • Waterfront: No
  • Roads: County

Garage/Parking

  • Parking Features: Attached, None

Utilities

  • Sewer: Cesspool
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RS-15
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3240140520000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 11508.48
  • Tax Lot: 10

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,361 $1,113,600 $244,200 $869,400
2023 $11,508 $1,036,800 $228,200 $808,600
2022 $11,123 $1,002,100 $193,500 $808,600
2021 $9,866 $888,800 $186,000 $702,800
2020 $9,266 $834,800 $177,000 $657,800
2019 $6,562 $591,200 $171,000 $420,200
2018 $6,143 $553,400 $171,000 $382,400
2017 $5,955 $536,500 $163,500 $373,000
2016 $4,967 $494,200 $156,000 $338,200
2015 $2,554 $444,200 $134,300 $309,900
2014 $2,554 $443,700 $134,300 $309,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2025 02/05/25 For Sale $1,145,500 0.0% $199 / Sq Ft
01/11/2025 01/11/25 Off Market $1,145,500 -- --
01/09/2025 01/09/25 Off Market $1,145,500 -- --
01/04/2025 01/04/25 For Sale $1,145,500 -- $199 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

Deed History

Date Type Sale Price Title Company
Deed -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $165,000 Unknown
Previous Owner $60,000 No Value Available
Source: Public Records

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Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 712511

Hawaii Information Service (MLS Hawaii)

APN: 3-2-4-014-052-0000