Estimated payment $4,026/month
Highlights
- Carpet
- Waiakea High School Rated A
- 5-minute walk to Lokahi Park
About This Home
Permitted multi-unit short-term vacation rental in Hilo. Located on quiet Pamala Place, this 5-bedroom, 3-bath home offers a rare opportunity to own a fully permitted and proven short-term vacation rental. With a strong recent earning history of over $100,000 per year, this property is turn-key and fully furnished, ready for immediate use as an income-producing investment or flexible multi-generational living.
The upper level features 2 bedrooms and 2 baths, a spacious living room filled with natural light from large windows, and a cozy back lanai perfect for morning coffee or evening relaxation. The kitchen and dining area have been updated with vinyl plank flooring, blending durability with modern style.
The lower level serves as a separate living space with 3 bedrooms and 1 bath. It has been tastefully updated with vinyl plank flooring and a kitchen featuring quartz countertops. Just outside, a covered lanai provides an inviting spot for outdoor seating.
Situated in a great location near shopping, restaurants, and Hilo’s many attractions, this property also offers ample parking for guests or residents, adding to its convenience and appeal.
Take a look at this property video:
Listing Agent
Coldwell Banker Island Properties - Hilo Brokerage Phone: 8088962549 License #RB-22392 Listed on: 08/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,543
Year Built
- Built in 1936
Lot Details
- Property fronts a county road
Parking
- Covered Parking
Home Design
- Duplex
Interior Spaces
- 2,357 Sq Ft Home
- 2-Story Property
- Range with Range Hood
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Electric Water Heater
- Cesspool
- Phone Available
- Cable TV Available
Community Details
- Waiakea Camp Residential Subdivision
Listing and Financial Details
- Tax Lot 11
- Assessor Parcel Number 3240520120000
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $5,364 | $499,400 | $128,600 | $370,800 |
| 2024 | $5,364 | $483,200 | $128,700 | $354,500 |
| 2023 | $4,958 | $446,700 | $117,000 | $329,700 |
| 2022 | $4,908 | $442,200 | $112,500 | $329,700 |
| 2021 | $4,160 | $374,800 | $93,000 | $281,800 |
| 2020 | $3,996 | $360,000 | $91,500 | $268,500 |
| 2019 | $3,872 | $348,800 | $91,500 | $257,300 |
| 2018 | $3,225 | $290,500 | $91,500 | $199,000 |
| 2017 | $3,024 | $272,400 | $87,000 | $185,400 |
| 2016 | $2,412 | $240,000 | $82,500 | $157,500 |
| 2015 | -- | $223,500 | $78,800 | $144,700 |
| 2014 | -- | $227,300 | $78,800 | $148,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | For Sale | $675,000 | 0.0% | $286 / Sq Ft |
| 08/02/2025 08/02/25 | For Sale | $675,000 | +93.8% | $286 / Sq Ft |
| 10/22/2024 10/22/24 | Off Market | $348,350 | -- | -- |
| 12/01/2018 12/01/18 | Off Market | $348,350 | -- | -- |
| 08/29/2018 08/29/18 | Sold | $348,350 | -0.5% | $148 / Sq Ft |
| 07/23/2018 07/23/18 | Pending | -- | -- | -- |
| 07/16/2018 07/16/18 | For Sale | $350,000 | -- | $148 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Fam |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $266,000 | Credit Line Revolving |
Source: Hawaii Information Service (MLS Hawaii)
MLS Number: 721580
APN: 3-2-4-052-012-0000
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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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