Estimated payment $3,603/month
Highlights
- 2 Car Garage
- Vinyl Flooring
- 4-minute walk to Hawaii County Planning Department
- Level Lot
About This Home
Great Investment Opportunity in Downtown Hilo – ONLY $625,000 Hoku Street, Hilo, HI 96720 Gross Income: $70,000–$80,000 per year This unique Hilo property has 9 rooms total, 3 bathrooms and 2 kitchens (one upstairs and one downstairs) making it ideal for multi-family use, shared rentals, or long-term tenants. Currently generating $70K–$80K/year = 12%+ gross return based on asking price. Whether you’re an investor or looking to live in part and rent the rest, this is a rare chance to own in downtown Hilo – very few homes for sale. What You’ll Love: • 9 rooms, 3 baths, 2 kitchens • Income $70K–$80K = 12%+ ROI • Increase ROI up to 50% with accelerated component depreciation • Flexible layout – great for shared housing or multi-unit rentals • Central Hilo – close to shops, schools and more • Room to add value with updates or expansion • Potential to add more units Don’t miss this opportunity to own flexible, income-producing property in one of Hilo’s most desirable locations.
Listing Agent
Nathalie Mullinix R. U., Inc. Brokerage Phone: (808) 261-0350 License #RB-17596 Listed on: 08/26/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,468
Year Built
- Built in 1945
Lot Details
- 4,312 Sq Ft Lot
- Level Lot
- Zoning described as 07 - R-3.5 Residential District
Parking
- 2 Car Garage
- Carport
Home Design
- Metal Roof
Interior Spaces
- 594 Sq Ft Home
- 2-Story Property
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Community Details
- Hilo Subdivision
Listing and Financial Details
- Assessor Parcel Number 3-2-2-016-033-0000
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 | $3,317 | $311,900 | $130,400 | $181,500 |
2024 | $3,317 | $298,800 | $130,400 | $168,400 |
2023 | $3,186 | $287,000 | $130,400 | $156,600 |
2022 | $3,186 | $287,000 | $130,400 | $156,600 |
2021 | $2,798 | $252,100 | $116,700 | $135,400 |
2020 | $2,541 | $228,900 | $101,500 | $127,400 |
2019 | $2,171 | $195,600 | $70,700 | $124,900 |
2018 | $2,113 | $190,400 | $70,700 | $119,700 |
2017 | $1,868 | $168,300 | $53,200 | $115,100 |
2016 | $1,477 | $147,000 | $53,200 | $93,800 |
2015 | -- | $137,900 | $53,200 | $84,700 |
2014 | -- | $136,900 | $53,200 | $83,700 |
Property History
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
08/26/2025 08/26/25 | For Sale | $625,000 | -- | $1,052 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | -- | None Listed On Document | |
Commissioners Deed | -- | Title Guaranty & Escrow Servic | |
Commissioners Deed | -- | Title Guaranty & Escrow Servic |
Source: HiCentral MLS (Honolulu Board of REALTORS®)
MLS Number: 202518347

APN: 3-2-2-016-033-0000
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