$1,000,000
SOLD AUG 8, 2025

320 Iliahi St Hilo, HI 96720

6 Beds
6 Baths
2,388 Sq Ft
0.25 Acres

Recently Sold

$419 Per Sq Ft

17% Below List Price

53 Days on Market

About This Home

As of August 2025

Great multifamily rental property with upside potential. Six 1 bedroom unit, fee simple single story apartment building on 1/4 acre lot, connected to sewer. Lava zone 8, just North of Hilo.

All 6 units are furnished, one is currently vacant for viewing. Each unit has it's own electric meter and hot water heater. 7 parking spaces with additional street parking available. Roof is approx 20 years old. Just a few minutes walk to downtown Hilo with restaurants, shopping, schools and more.

Current rents: 3 units @ $1,800, 1 unit @ $1,600, 1 unit @ $1,400. All leases are Month-To=Month; all tenants & leases will remain in place through closing.

Gross income: 2024 $91.5k, 2023 $82k, 2022 $84k.

Property tax $4,779/year;
insurance approx $3k/year;
water approx $1,200k/year;
sewer approx $1,800/year;
common area electric approx $150/month.

Shower stalls, carpets and drapes all replaced/repaired in 2023. DSL internet and cable TV connected, owner currently pays these expenses in addition to electricity. Coin op washer & dryer on site.

Don't miss out on this investment opportunity!

Last Agent to Sell the Property

Kona Moran

Hilo Brokers Ltd Brokerage Phone: 8089361877 License #RB-22314 Listed on: 05/11/2025

Last Buyer's Agent

Kona Moran

Hilo Brokers Ltd Brokerage Phone: 8089361877 License #RB-22314 Listed on: 05/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,778

Year Built

  • Built in 1978

Lot Details

  • Property fronts a county road

Parking

  • Unassigned Parking

Home Design

  • 2,388 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Internet Available
  • Cable TV Available

Community Details

  • 6 Units
  • Puueo Lots Subdivision

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 3260040110000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,778

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub-Type: Four Or More Units
  • Attribution Contact: 8089361877
  • Co List Office Phone: 8089699400
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: PUUEO LOTS
  • Living Area: 2388.0
  • Year Built: 1978
  • Tax Year: 2024
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: None
  • HIS_InUseAsShortTermVacationRentalYN: No
  • HIS_InternetAccess: Cable, DSL
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6
  • Full Bathrooms: 6
  • Total Bathrooms: 6

Exterior Features

  • Waterfront: No
  • Roads: County, Curbs/Gutters, Paved

Garage/Parking

  • Parking Features: Unassigned

Utilities

  • Utilities: Electricity Available, Sewer Connected

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RM-1
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3260040110000

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 4778.28
  • Tax Lot: 14

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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 Change Sq Ft Price
08/08/2025 08/08/25 Sold $1,000,000 -16.7% $419 / Sq Ft
05/11/2025 05/11/25 For Sale $1,200,000 -- $503 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kona Moran

    Seller's Agent in 2025

    Kona Moran

    Hilo Brokers Ltd

    (808) 936-1877

    32 in this area

    64 Total Sales

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 720885

Hawaii Information Service (MLS Hawaii)

Hawaii Hawaii County Hilo 96720

320 Iliahi St, Hilo, HI

This home is located at 320 Iliahi St, Hilo, HI 96720 and is currently priced at $1,000,000, approximately $418 per square foot. This property was built in 1978. 320 Iliahi St is a home located in Hawaii County with nearby schools including Hilo Union 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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