Two-Home Residential Income
557 KUPULAU RD Hilo, HI 96720
557 KUPULAU RD, Hilo, HI, 96720
$850,000
For Sale
$850,000
MULTI_FAMILY - Hilo, HI
Property Size1,656 SF
Lot Size0.30 Acres
Price / SF$513.29
Days on Market75
Property Features for 557 KUPULAU RD
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- A-1A
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 1
- Standard status
- Active
- APN
- 3240440800000
- Size
- 1,656 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7052
Utilities
- Utilities
- Electricity Available
- Sewer type
- Septic Tank
Building Details
- Year built
- 1966
- Flooring type
- Hardwood
Listing Agency
Century 21 Homefinders of Hawaii
(808) 935-7119
586 Kanoelehua Ave., Ste. 200, Hilo, HI
Listed by
Doni M. Takaaze
(808) 896-5998
Added: May 5 Checked: Jul 18 at 12:06 pm
MLS# 730183
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 property consists of two well-maintained, updated homes on one lot. With a duplex-style setup, the layout provides straightforward flexibility for an owner-occupant scenario (live in one and rent the other) or for leasing both homes.
The property is located at 557 Kupulau Rd in Hilo, Hawaii (96720). The lot size is listed as 0.3039 acres, and the total property size is listed at 1,656 square feet.
Zoned A-1A, the homes are positioned as a residential income opportunity with multiple feasible living arrangements, including living next to each other for multi-generational use or renting one or both units.
The property is located at 557 Kupulau Rd in Hilo, Hawaii (96720). The lot size is listed as 0.3039 acres, and the total property size is listed at 1,656 square feet.
Zoned A-1A, the homes are positioned as a residential income opportunity with multiple feasible living arrangements, including living next to each other for multi-generational use or renting one or both units.
Key Highlights
- Property includes 2 homes with multiple bedrooms and bathrooms
- Built in 1966
- Hardwood flooring
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 | $36.8k | $22.20 |
| − Vacancy | −$1.3k | −$0.78 |
| EGI | $35.5k | $21.42 |
| − OpEx | −$10.6k | −$6.43 |
| NOI | $24.8k | $15.00 |
1,656 SF · lease $22.20/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$354.8K
$310.4K – $413.9K
NOI $24,834 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$325.0K
$284.3K – $379.1K
NOI $22,747 @ 7.0% cap · market cap 2.68%
Theoretical Best
Specialty Retail
$565.2K
$494.5K – $659.4K
NOI $39,561 @ 7.0% cap · market cap 4.65%
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 well-maintained, updated homes on a single lot in Hilo offer flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 557 KUPULAU RD Hilo, HI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Property includes 2 homes with multiple bedrooms and bathrooms; Built in 1966; Hardwood flooring
