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    307 Lehua St, Unit 22 Hilo, HI 96720

    For Sale
    $3,950,000

    MULTI_FAMILY - Hilo, HI

    Lot size:
    0.50 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 13 at 10:06 pm

    Property Features for 307 Lehua St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    RM-1
    APN
    3260040380000
    Lot size
    0.50 Acres

    Utilities

    Utilities
    Cable Available

    eXp Realty, LLC (808) 384-5645 [email protected]

    Listing agent Benjamin H Kawakami Jr (808) 315-6332

    Listing date Oct 24, 2025

    MLS# 717427 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 Apartment Building Opportunity

    This apartment building offers an opportunity to own property within walking distance of downtown Hilo, placing it near amenities such as a farmer's market, local eateries, grocery stores, a post office, and boutique shops. The property is located next door to Jump Start Preschool and is a short drive from medical facilities, the airport, and Hilo Hospital. Hilo Bay and Honolii Beach Park, known surf spots, and Hilo Bay are a short stroll from the apartment complex. The property consists of 22 units on three parcels. 307 Lehua St (TMK 3-2-6-004-038) features six studio apartments with one bath, a range with oven, and a refrigerator. 311 Lehua St (TMK 3-2-6-004-008) is a two-story duplex with one 3-bed, 2-bath unit and one studio with one bath, a covered lanai, and ocean views. 127 Puueo St (TMK 3-2-6-004-039) is a two-story building with 14 units: two 1-bed, 1-bath units with a range/oven and refrigerator; six studios with 1 bath, a range/oven, and refrigerator; three studios with 1 bath, a microwave, hot plates, and refrigerator; and three studios with 1 bath, a microwave, and refrigerator. The property includes laundry facilities and mailboxes and sits on a lot of approximately 0.5 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Hilo
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.0900216
    Latitude
    19.73030672

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    FAQs

    What type of property is this?
    Apartment building - 22-unit apartment building near downtown Hilo amenities.
    Where is this apartment building located?
    The property is located at 307 Lehua St, Unit 22 Hilo, HI.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: - Apartment building consisting of 22 units across three parcels.; - Prime location within walking distance to downtown Hilo's amenities.; - Diverse unit mix including studios, 1-bedroom, and 3-bedroom apartments.
    (808) 315-6332
    Request Owner's contact information
    307 Lehua St, Unit 22 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
    307 Lehua St, Unit 22 Hilo, HI 96720
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