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    Hilo, HI Apartment Buildings for Sale

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    Papaikou, HI Pepeekeo, HI Keaau, HI Kurtistown, HI Honomu, HI Hakalau, HI Mountain View, HI Volcano, HI
    Renovated Apartment Building
    Updated: Jul 16
    Renovated Apartment Building

    230 Kapiolani St, Hilo, HI 96720

    $5,688,000
    17,868 sqft
    24 apartment units with a 21‑unit 2‑bedroom and 3‑unit 3‑bedroom mix
    17,868 SF building renovated in 2025
    100% leased with professional management in place
    28 on‑site parking stalls
    Updated kitchens with granite countertops and stainless steel appliances
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    This listing looks promising.

    Here's a quick look at some key insights for

    230 Kapiolani St, Hilo, HI

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    • Est. Cap Rate

      4.3%
      NOI ÷ price

    • Est. NOI

      $245K
      Annual

    • Price @ 7% Cap

      $3.51M
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1973
    View Property Analytics
    Multifamily with Two Full Kitchens
    Updated: Aug 26, 2025
    Multifamily with Two Full Kitchens

    82-D HOKU ST, Hilo, HI 96720

    $365,000
    3,900 sqft 0.10 AC lot
    9 total rooms
    Two full kitchens (upstairs and downstairs)
    3 bathrooms
    Zoned RD‑3.75
    0.0992‑acre lot with 3,900 SF
    View details
    Commercial Condominium Complex For Sale
    Commercial Condominium Complex For Sale

    399 HUALANI ST, Hilo, HI 96720

    $2,900,000
    41 sqft 41.00 AC lot

    Large commercial complex with rental income potential and river views.

    View details
    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 3 Active listings in Hilo, HI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Eight-Unit Multifamily Property
    Eight-Unit Multifamily Property

    733 Kihapai Place, Kailua, HI 96734

    $3,700,000
    8,394 sqft

    Built in 1960, this eight-unit 2BR/1BA property sits at a cul-de-sac end with dedicated off-street parking.

    View details
    Value-Add Multifamily with Retail Front
    Value-Add Multifamily with Retail Front

    3154 WAIALAE AVE, Honolulu, HI 96816

    Contact for pricing
    8,661 sqft

    Two hollow-tile buildings include bakery space, separately metered apartments, and 10 covered parking stalls.

    View details
    Renovated Multifamily with Retail Units
    Renovated Multifamily with Retail Units

    54 Maluniu Avenue, Kailua, HI 96734

    $5,388,000
    6,507 sqft

    Renovated building with 10 apartments and 2 ground-floor retail units, plus covered parking for seven vehicles.

    View details
    Corner Lot Multifamily Portfolio
    Corner Lot Multifamily Portfolio

    1003 3rd Avenue, Honolulu, HI 96816

    $2,650,000
    15,600.00 AC lot

    Multifamily property with 12 rental units across five separate structures on a corner lot with multiple utility meters.

    View details

    Off-Market Properties in Hilo, HI

    Consider similar Off-Market properties in Hilo, HI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    101 Aupuni St Ste, Unit 317
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4262

    Unit 317
    $325,000
    Estimated value
    310 sqft
    View details
    101 Aupuni St Ste, Unit 316
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4262

    Unit 316
    $325,000
    Estimated value
    310 sqft
    View details
    101 Aupuni St Ste, Unit 315
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4262

    Unit 315
    $325,000
    Estimated value
    310 sqft
    View details
    50 Maile St, Unit B
    APARTMENT HOUSE (UNDER 5 UNITS)

    50 Maile St, Hilo, HI 96720-4374

    Unit B
    $2,250,000
    Estimated value
    6,720 sqft 0.78 AC lot
    View details
    101 Aupuni St Ste, Unit 244
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4261

    Unit 244
    $230,000
    Estimated value
    310 sqft
    View details
    24 Ainako Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    24 Ainako Ave, Hilo, HI 96720-1926

    $1,400,000
    Estimated value
    5,440 sqft 0.20 AC lot
    View details
    101 Aupuni St Ste 1014a
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste 1014a, Hilo, HI 96720-4259

    $840,000
    Estimated value
    2,453 sqft
    View details
    101 Aupuni St Ste, Unit 214
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4221

    Unit 214
    $150,000
    Estimated value
    310 sqft
    View details
    101 Aupuni St Ste, Unit 133
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4265

    Unit 133
    $690,000
    Estimated value
    1,263 sqft
    View details
    101 Aupuni St Ste, Unit 132
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4265

    Unit 132
    $690,000
    Estimated value
    1,187 sqft
    View details
    101 Aupuni St Ste, Unit 241
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4261

    Unit 241
    $170,000
    Estimated value
    308 sqft
    View details
    101 Aupuni St Ste, Unit 302
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4262

    Unit 302
    $300,000
    Estimated value
    308 sqft
    View details
    101 Aupuni St Ste, Unit 301
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4262

    Unit 301
    $300,000
    Estimated value
    308 sqft
    View details
    337 Ululani St
    APARTMENT HOUSE (UNDER 5 UNITS)

    337 Ululani St, Hilo, HI 96720-3068

    $5,005,000
    Estimated value
    20,736 sqft 1.25 AC lot
    View details
    Hilo, HI 96720
    APARTMENT HOUSE (UNDER 5 UNITS)

    Hilo, HI 96720

    $300,000
    Estimated value
    1,258 sqft 0.17 AC lot
    View details
    101 Aupuni St Ste, Unit 115
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4260

    Unit 115
    $125,000
    Estimated value
    310 sqft
    View details
    101 Aupuni St Ste 1014f
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste 1014f, Hilo, HI 96720-4259

    $135,000
    Estimated value
    190 sqft
    View details
    101 Aupuni St Ste 1014d
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste 1014d, Hilo, HI 96720-4259

    $85,000
    Estimated value
    690 sqft
    View details
    101 Aupuni St Ste, Unit 113
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4260

    Unit 113
    $95,000
    Estimated value
    310 sqft
    View details
    101 Aupuni St Ste, Unit 112
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4260

    Unit 112
    $125,000
    Estimated value
    310 sqft
    View details
    101 Aupuni St Ste, Unit 118
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4260

    Unit 118
    $135,000
    Estimated value
    310 sqft
    View details

    Hilo, HI Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Hilo, HI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 21,809 square feet of properties for sale, with an estimated market value of $8,953,000.

    Sale prices for two-family homes in Hilo, HI start at $365,000, averaging $2,984,333, and reaching up to $5,688,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 51K
    Population Growth (5Y) +3.2%
    Median Household Income $78,537
    College Educated 23.2%

    High-Yield Neighborhoods for Investment

    Identify Hilo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    96720 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 0.89%
    Property Tax per SF $6.19 per SF
    Tax Rate vs County Average 0.09 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hawaii County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Hawaii County

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