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Two-Unit Residential Income Property

30 KANOELANI ST Hilo, HI 96720

Claim this Listing
New
For Sale
$750,000

MULTI_FAMILY - Hilo, HI

Property size:
2,592 SF
Lot size:
0.61 Acres
Price / SF:
$289.35/SF
Added:
Jul 13, 2026
Days on Market:
2
Last Refresh:
Jul 14 at 8:06 am

Property Features for 30 KANOELANI ST

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RS-15
Bedrooms
4
Bathrooms
6
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 6, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 5, Bathroom 3
Parking features
Covered
Standard status
Active
APN
3240140390000
Size
2,592 SF
Lot size
0.61 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
2218

Utilities

Utilities
Cable Available
Sewer type
Cesspool

Building Details

Year built
1962
Flooring type
Carpet

Listing agent Ashli P Quevedo

Listing office Property Professionals Hawaii LLC. 194 Makaala Street, Hilo, HI

Listing date Jul 13, 2026

MLS# 731329 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 residential income property includes two buildings on a landscaped lot. Building 1 features a main area of approximately 1,948 square feet that is uninhabitable and unmaintained, with an unpermitted enclosed and attached porch constructed in a workmanlike manner and consistent for the neighborhood; repairs are needed throughout. Building 2 is a permitted structure totaling approximately 800 square feet, offering 1 bedroom and 2 bathrooms.

Set on approximately 0.6116 acres and described as having expansive indoor and outdoor living space, the property is located in a community with easy access to nearby schools and shopping. The stated zoning is RS-15.

The seller notes this is not ready to occupy and is being offered with cash buyers only.

Key Highlights

  • Building 2: permitted structure with 800 SF total, 1 bedroom and 2 bathrooms
  • Main area is 1,948 SF (Building 1) and is uninhabitable and unmaintained; repairs are needed
  • Building 1 includes an unpermitted porch that is enclosed and attached to the main home

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 $57.5k $22.20
− Vacancy −$2.0k −$0.78
EGI $55.5k $21.42
− OpEx −$16.7k −$6.43
NOI $38.9k $15.00
2,592 SF · lease $22.20/SF/yr · vacancy 3.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$555.3K
$485.9K – $647.8K (±1% cap)
NOI $38,870 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$508.6K
$445.1K – $593.4K (±1% cap)
NOI $35,604 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$884.6K
$774.0K – $1.03M (±1% cap)
NOI $61,922 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

FAQs

What type of property is this?
Duplex - One permitted 1-bedroom, 2-bath structure plus a separate main area requiring repairs and extensive renovation.
Where is this duplex located?
The property is located at 30 KANOELANI ST Hilo, HI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Building 2: permitted structure with 800 SF total, 1 bedroom and 2 bathrooms; Main area is 1,948 SF (Building 1) and is uninhabitable and unmaintained; repairs are needed; Building 1 includes an unpermitted porch that is enclosed and attached to the main home
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