NOT LISTED FOR SALE

40 Maile St Unit 24 Hilo, HI 96720

54 Beds
24 Baths
15,576 Sq Ft
0.46 Acres

Last Sold November 27, 2019

Last sale price $1,920,000 $123 Per Sq Ft

6 Days on Market

Highlights

  • Garden View
  • Park
  • Carpet
  • Community Playground
  • Level Lot

About This Home

As of November 2019

Three-story apartment building built in 1992 in excellent location in center of Hilo, walking distance to elementary school. Year end 10-31-18 Revenues = $201,200; Expenses = $121,317; Net Operating Income = $79,833. "Hilo Maile Terrace" was built with 30-year rental rate restrictions for affordable housing, these restrictions expire 10-29-2022. 24 units total, with 18 2-bedroom units + 6 3-bedroom units. Well maintained by original owner, high occupancy history. Audited books available to qualified buyers. Level lot with open parking across from park. Out of flood zone. first time listed for sale.

Last Listed By

Richard Wheelock

Pacific Realty Organization LLC Brokerage Phone: 8087533167 License #RB-11234 Listed on: 10/18/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,562

Year Built

  • Built in 1992

Lot Details

  • Property fronts a state road
  • Level Lot
  • Cleared Lot

Parking

  • Assigned Parking

Home Design

  • Wood Frame Construction
  • Double Stud Wall

Interior Spaces

  • 15,576 Sq Ft Home
  • Multi-Level Property
  • Garden Views
  • Range with Range Hood

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 54 Bedrooms
  • 24 Full Bathrooms

Utilities

  • No Cooling
  • No Heating
  • Private Sewer
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 3220530080000

Community Details

Overview

  • 24 Units
  • Waiakea Subdivision

Recreation

  • Community Playground
  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,562

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • ResoCommunityFeatures: Park, Playground
  • Road Frontage Type: Other
  • ResoLotFeatures: Cleared
  • Road Frontage Type: Other
  • ResoSecurityFeatures: None
  • Attribution Contact: 8087533167
  • Co List Office Phone: 8085995720
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: WAIAKEA
  • Living Area: 15576.0
  • Year Built: 1992
  • Tax Year: 2018
  • HIS_PoolYN: No
  • Unit Description: Multi-Story, Walk-Up
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Private Contractor
  • HIS_InternetAccess: Cable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Range Hood, Refrigerator
  • Total Bedrooms: 54
  • Full Bathrooms: 24
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 24
  • Design: Double Wall, Wood Frame

Exterior Features

  • Topography: Fairly Level
  • View: Garden
  • Waterfront: No
  • Roads: State

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Cooling: Cash, None
  • Heating: None
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: CG-7.5
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3220530080000
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 24

Tax Info

  • Tax Annual Amount: 7562.0
  • Tax Lot: 11

Range of Values:

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Sold 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
10/15/2024 10/15/24 Off Market $1,920,000 -- --
11/27/2019 11/27/19 Sold $1,920,000 -1.5% $123 / Sq Ft
10/24/2019 10/24/19 Pending -- -- --
10/18/2019 10/18/19 For Sale $1,950,000 -- $125 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Richard Wheelock

    Seller's Agent in 2019

    Richard Wheelock

    Pacific Realty Organization LLC

    (808) 753-3167

    2 Total Sales

    Richard Wheelock
    Section Image

  • A

    Buyer's Agent in 2019

    Andrea Aana

    Redfin Corporation

    (808) 937-6396

    Section Image
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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 633469

Hawaii Information Service (MLS Hawaii)

Hawaii Hawaii County Hilo 96720

40 Maile St Unit 24, Hilo, HI

Homes for Sale in Hilo, HI

This home is located at 40 Maile St Unit 24, Hilo, HI 96720 since 18 October 2019. This property was built in 1992. 40 Maile St Unit 24 is a home located in Hawaii County with nearby schools including Chiefess Kapiolani 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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