$535,000
$90K PRICE DROP

82D Hoku St Hilo, HI 96720

Estimated payment $3,316/month

Total Views 33,424
9 Beds
3 Baths
594 Sq Ft
$901 Price per Sq Ft

Highlights

  • 1 Car Attached Garage
  • Vinyl Flooring
  • 4-minute walk to Hawaii County Planning Department

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

Listed on: 08/26/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 4,322 Sq Ft Lot

Parking

  • 1 Car Attached Garage

Home Design

  • 594 Sq Ft Home

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Community Details

  • Waiakea Subdivision

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

1

Listing Details

  • FloorLaminate: Yes
  • FloorVinyl: Yes
  • HamletID: 0
  • LandRentAmount: 0
  • Number Of Stories: 0
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Hilo
  • Prop. Type: Multi-Unit (2-4)
  • Renovation Year: 0
  • SForSaleAndRForRental: S
  • Subdivision Name: WAIAKEA
  • USStateAbbreviation: HI
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplaces: 0
  • AboveArea Sq Ft: 594

Garage/Parking

  • AttachedParking: 0
  • Garage Type: Attached
  • Numberof Garage Spaces: 1

Condo/Co-op/Association

  • HOA Fees: 0
  • Units in Building: 0

Lot Info

  • Lot Size Sq Ft: 4322
  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 9
  • Total Taxes: 0

Tax Info

  • Tax Year: 0

Map

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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 List to Sale Price per Sq Ft
12/04/2025 12/04/25 Price Changed $535,000 -14.4% $901 / Sq Ft
08/26/2025 08/26/25 For Sale $625,000 -- $1,052 / Sq Ft
Source: My State MLS

Source: My State MLS

MLS Number: 11571734