$4,975,000
UNDER CONTRACT

1365 Kalanianaole St Hilo, HI 96720

Estimated payment $30,077/month

Total Views 2,694
52 Beds
28 Baths
18,810 Sq Ft
$264 Price per Sq Ft

About This Home

Big, Bold, and Beautiful 28-Unit Apartment Complex – Prime Hilo Location!

Well-maintained and income-producing 28-unit multifamily property just minutes from downtown Hilo and the beach. Two buildings connected by walkways, offering a total of 24 two-bedroom units and 4 one-bedroom units.

Fully renovated in 2018: Granite countertops, updated flooring, fresh interior/exterior paint.
New Roof along with new asphalt for parking.

The building was fumigated in 2024.

Strong rental history with annual rental income over $500,000

Short-term vacation rental potential

Three stories: First level is covered parking; second and third levels are residential

On-site laundry facility

Newer roof and building fumigated in 2024

Covered parking for all units plus guest parking in front

Units feature spacious lanais, ideal for relaxing and enjoying island life

Excellent opportunity for investors looking for stable income with upside potential in a highly desirable area. Steps from Hilo’s beaches, dining, and shopping.

Listing Agent

Donald McKinnon

Hinano Island Realty LLC Brokerage Phone: 8084306779 License #RB-22528 Listed on: 06/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $42,847

Year Built

  • Built in 1973

Lot Details

  • Property fronts a county road
  • Chain Link Fence
  • Cleared Lot

Parking

  • Attached Garage

Home Design

  • 18,810 Sq Ft Home

Bedrooms and Bathrooms

  • 52 Bedrooms
  • 28 Full Bathrooms

Utilities

  • Phone Available

Community Details

  • 28 Units
  • Keokea Houselots Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 3210140030000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$42,847

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub-Type: Four Or More Units
  • Reso Fencing: Chain Link
  • ResoLotFeatures: Cleared
  • Attribution Contact: 8084306779
  • Co List Office Phone: 8082380093
  • Ownership: Full
  • MLS Status: C
  • Subdivision Name: KEOKEA HOUSELOTS
  • Living Area: 18810.0
  • Year Built: 1973
  • Tax Year: 2023
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: County-Charge
  • HIS_InUseAsShortTermVacationRentalYN: No
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 52
  • Full Bathrooms: 28
  • Total Bathrooms: 28

Exterior Features

  • Waterfront: No
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Attached, Covered

Utilities

  • Utilities: Electricity Available, Phone Available, Sewer Connected

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: V-.75
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3210140030000

Multi Family

  • Number Of Units Total: 28

Tax Info

  • Tax Annual Amount: 42846.57
  • Tax Lot: 6

Map

Range of Values:

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Average Value
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List Price
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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 Change Sq Ft Price
06/07/2025 06/07/25 For Sale $4,975,000 -- $264 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 721690

Hawaii Information Service (MLS Hawaii)

APN: 3-2-1-014-003-0000

Hawaii Hawaii County Hilo 96720

1365 Kalanianaole St, Hilo, HI

This home is located at 1365 Kalanianaole St, Hilo, HI 96720 and is currently priced at $4,975,000, approximately $264 per square foot. This property was built in 1973. 1365 Kalanianaole St 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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Donald McKinnon
Listing Agent
Donald McKinnon
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Hinano Island Realty LLC
(808) 444-7738