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    199 Kehaulani St, Unit 3 Hilo, HI 96720

    For Sale
    $795,000

    MULTI_FAMILY - Hilo, HI

    Property size:
    1,720 SF
    Lot size:
    0.51 Acres
    Days on Market:
    156
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 199 Kehaulani St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    RS-15
    Rooms
    Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    3240100460000
    Size
    1,720 SF
    Lot size
    0.51 Acres

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Cesspool

    Building Details

    Year built
    1989
    Flooring type
    Carpet

    Century 21 Homefinders of Hawaii (808) 935-7119 [email protected]

    Listing agent Alice A Wise (808) 930-7105

    Listing date Jul 3, 2025

    MLS# 717758 Listing URL

    Copyright © 2025 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.

    Overview

    Hilo Income-Generating Multi-Family Property

    This income-generating property in Hilo, Hawaii, presents an investment opportunity with three separate buildings on a 0.51-acre lot. The property is zoned RS-15. The first home is currently rented, with the lease expiring on August 31, 2025. The second home has been recently upgraded and is rent-ready. The third building is a large, unfinished structure originally constructed as a house but permitted as a storage shed. The property offers potential for passive rental income and is conveniently located in Hilo, in close proximity to shopping, dining, and schools. The total property size is 1720 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Hilo
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.0733415
    Latitude
    19.68907862

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    FAQs

    What type of property is this?
    Residential income property - Rare investment opportunity with three buildings in Hilo, Hawaii.
    Where is this residential income property located?
    The property is located at 199 Kehaulani St, Unit 3 Hilo, HI.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Rare income-generating opportunity with 3 separate buildings.; - First home is currently rented with a lease in place until 8/31/2025, providing immediate income.; - Second home is recently upgraded and rent-ready.
    (808) 930-7105
    Request Owner's contact information
    199 Kehaulani St, Unit 3 Hilo, HI 96720
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    Hilo, HI 96720
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    199 Kehaulani St, Unit 3 Hilo, HI 96720
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