Hilo Multi-Unit Investment
82D Hoku St, Hilo, HI 96720
- Added:
- Aug 26, 2025
- Days on Market:
- 274
- Last Refresh:
- May 26 at 8:06 am
Property Features for 82D Hoku St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage, Garage - Attached
- Standard status
- Active
- Size
- 594 SF
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Year built
- 1945
- Year renovated
- 1945
- Flooring type
- Laminate, Vinyl
- Architectural style
- Other
Listing agent Nathalie Mullinix (866) 808-6368
Listing office Nathalie Mullinix REALTY UNIVERSAL 1888 Kalakaua Ave. C312, Honolulu, HI
Listing date Aug 26, 2025
MLS# 11571734
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High cash flow investment opportunity with a gross ROI of 13.1% to 15% based on current income.
- Prime Downtown Hilo location within walking distance to major employers, hospitals, colleges, stores, restaurants, beaches, parks, and public transportation.
- 9 rentable rooms, 3 bathrooms, and 2 full kitchens provide a flexible layout for room‑by‑room rentals.
- Current gross income of $70,000-$80,000+ per year with potential for increased ROI through optimized rentals.
- Multi‑tenant setup reduces vacancy risk and enhances income stability.
- Strong demand for room‑by‑room rentals from students, workers, and medical professionals.
Overview
Located in Downtown Hilo, this property presents a high-cash-flow investment opportunity. The property features 9 rentable rooms, 3 bathrooms, and 2 full kitchens, one upstairs and one downstairs. Currently, the gross income ranges from $70,000 to over $80,000 per year. The property's layout is flexible, making it suitable for shared housing, workforce rentals, or multi-family use. There is potential to increase rental value with updates. The location is within walking distance to major employers, hospitals, colleges, stores, restaurants, beaches, parks, and public transportation. The property is 594 square feet and is situated on a lot with an area of 0 acres. The multi-tenant setup reduces vacancy risk and enhances income stability. The property is suited for investors seeking high net operating income and rent per square foot. It offers additional tax benefits from depreciation and write-offs.
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Map
- City
- Hilo
- County
- Hawaii
- State
- Hawaii
- Longitude
- -155.080829
- Latitude
- 19.717024
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Downtown Hilo property with high income potential.
Where is this multifamily property located?
The property is located at 82D Hoku St Hilo, HI.
What is the asking price?
The asking price for this property is $495,500.
What are key features of this property?
This property features: High cash flow investment opportunity with a gross ROI of 13.1% to 15% based on current income.; Prime Downtown Hilo location within walking distance to major employers, hospitals, colleges, stores, restaurants, beaches, parks, and public transportation.; 9 rentable rooms, 3 bathrooms, and 2 full kitchens provide a flexible layout for room‑by‑room rentals.
