Two-Home Residential Income
16-2350 AINALOA DR Pahoa, HI 96778
16-2350 AINALOA DR, Pahoa, HI, 96778
$383,000
For Sale
Under Contract
$383,000
MULTI_FAMILY - Pahoa, HI
Property Size1,632 SF
Lot Size0.41 Acres
Price / SF$234.68
Days on Market147
Property Features for 16-2350 AINALOA DR
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- A-1A
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2
- Standard status
- Active Under Contract
- APN
- 3160880700000
- Size
- 1,632 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1693
Utilities
- Utilities
- Electricity Available
- Sewer type
- Septic Tank
Building Details
- Year built
- 1994
- Flooring type
- Carpet
Listing Agency
Hilo Bay Realty LLC
(808) 965-9903
15-2714 Pahoa Village Rd. #I-2, Pahoa, HI
Listed by
Roy F Dollwet
(808) 430-3223
Added: Feb 21 Checked: Jul 18 at 6:06 pm
MLS# 728190
Listing URL
Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale residential income property features two homes on a single lot, fully permitted. The offering includes an on-site configuration of two separate residences, with the current opportunity positioned as a value-add through cosmetic updates and general improvement work.
The property is located at 16-2350 Ainaloa Dr in Pahoa, Hawaii 96778, on an 18,037-square-foot lot. The property is listed under A-1A zoning.
If you’re looking for a small, straightforward setup with two residences on one parcel, this is presented as a hands-on project where updates can help unlock the homes’ long-term value.
The property is located at 16-2350 Ainaloa Dr in Pahoa, Hawaii 96778, on an 18,037-square-foot lot. The property is listed under A-1A zoning.
If you’re looking for a small, straightforward setup with two residences on one parcel, this is presented as a hands-on project where updates can help unlock the homes’ long-term value.
Key Highlights
- 2 homes on one lot totaling 18,037 SF
- Year built: 1994
- Electricity available
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.2k | $22.20 |
| − Vacancy | −$1.3k | −$0.78 |
| EGI | $35.0k | $21.42 |
| − OpEx | −$10.5k | −$6.43 |
| NOI | $24.5k | $15.00 |
1,632 SF · lease $22.20/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$349.6K
$305.9K – $407.9K
NOI $24,474 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$320.2K
$280.2K – $373.6K
NOI $22,417 @ 7.0% cap · market cap 5.85%
Theoretical Best
Specialty Retail
$557.0K
$487.4K – $649.8K
NOI $38,988 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two fully permitted homes on one lot in A-1A zoning, offered for sale and ready for light renovation.
Where is this duplex located?
The property is located at 16-2350 AINALOA DR Pahoa, HI.
What is the asking price?
The asking price for this property is $383,000.
What are key features of this property?
This property features: 2 homes on one lot totaling 18,037 SF; Year built: 1994; Electricity available
