Estimated payment $3,897/month
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.
Home Details
Home Type
- Single 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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Source: My State MLS
MLS Number: 11571734
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