$2,599,000

1303 Kalanianaole St Unit 1-12 Hilo, HI 96720

Estimated payment $16,433/month

Total Views 157
12 Beds
12 Baths
3,876 Sq Ft
$671 Price per Sq Ft

About This Home

Tremendous opportunity to invest in a rarely available multi-unit vacation rental property just a block from the shoreline and beach. This 12 condo unit (CPR) property offers multiple opportunities. Currently there are 10 STVR permits in place with 6 units being utilized as short term rentals and the reminder 4 have long-term tenants.

Features and summary:
- Sale includes 12 CPR units
- 6 studio units upstairs/6 studio units downstairs
- 10 STVR permits (maximum) in place
- 6 units being utilized as STVRs/4 used as longterm rentals
- Split AC in the 6 STVR studio rentals.
- The 4 long-term units have not been renovated
- 1 unit being utilized as office and laundry
- 1 unit utilized as expansion to create double space rental for parties of 4
- Property serviced by sewer
- Recent survey and report available
- 6 active STVR units sold turnkey furnished
- Propane tank on site.

One of the partners hold a real estate license in the State of California.

Listing Agent

Steven Ellison

COMPASS Brokerage Phone: 8089363000 License #RB-23832 Listed on: 10/06/2025

Co-Listing Agent

Kathy Jensen

COMPASS Brokerage Phone: 8089363000 License #RB-18899

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1966

Lot Details

  • Property fronts a county road
  • Level Lot

Parking

  • Unassigned Parking

Interior Spaces

  • 3,876 Sq Ft Home
  • 2-Story Property
  • Microwave
  • Stacked Washer and Dryer

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Full Bathrooms

Utilities

  • Private Sewer
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 3210140720000

Community Details

Overview

  • Plumeria Apartments Community
  • Keokea Houselots Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Condominium
  • ResoLotFeatures: Corner Lot
  • Co List Office Mls Id: 23206
  • Co List Office Phone: 8083785447
  • Ownership: CPR
  • MLS Status: A
  • Subdivision Name: KEOKEA HOUSELOTS
  • Unit Levels: Two
  • Living Area: 3876.0
  • Property Attached Yn: Yes
  • Year Built: 1966
  • Tax Year: 2025
  • HIS_PoolYN: No
  • Unit Description: Multi-Story, Walk-Up
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_OtherBuildingArea: 708
  • HIS_SolidWasteDisposal: Private Contractor
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Cable
  • HIS_Easement: Electric, Water
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Microwave, Refrigerator, Washer/Dryer Stacked
  • Total Bedrooms: 12
  • Full Bathrooms: 12

Exterior Features

  • Topography: Fairly Level
  • Waterfront: No
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Unassigned

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Pets Allowed: No
  • Project: Plumeria Apartments

Lot Info

  • Zoning: V-.75
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3210140720000

Multi Family

  • Number Of Units Total: 1

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

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2025 10/06/25 For Sale $2,599,000 -- $671 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 724411

Hawaii Information Service (MLS Hawaii)
Hawaii Hawaii County Hilo 96720

1303 Kalanianaole St Unit 1-12, Hilo, HI

This home is located at 1303 Kalanianaole St Unit 1-12, Hilo, HI 96720 and is currently priced at $2,599,000, approximately $670 per square foot. This property was built in 1966. 1303 Kalanianaole St Unit 1-12 is a home located in Hawaii County with nearby schools including Keaukaha Elementary School, Hilo Intermediate School, and Hilo High School.

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.

Hawaii Information Service (MLS Hawaii) Copyright 2025 MLS Hawaii, Inc. All rights reserved.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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Listing Agent
Steven Ellison
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COMPASS
(808) 460-6186