Two-Residence Multifamily
New
For Sale
$830,000
1360 Kaumana Dr, Hilo, HI 96720
The 0.70-acre parcel contains a four-bedroom main home and a separate two-bedroom residence.
Property Size2,828 SF
Lot Size0.70 Acres
Price / SF$293.49
Days on Market7
Property Features for 1360 Kaumana Dr
General Information
Standard status
Active
Size
2,828 SF
Lot size
0.70 Acres
Property subtype
Multi-Family
Building Details
Year Built
1945
Listing Agency:
Coldwell Banker Island Properties - Hilo
(303) 974-5742
Listed By:
Oasis Hawai'i
(808) 209-0033
Source:
Myoasishawaii
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 24 at 5:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Island Properties - Hilo
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Investment Insights
Based on property information with market context.
This multifamily property in Kaumana comprises two updated residences on a cleared and improved 0.70-acre lot. The main home offers approximately 2,000 square feet, with four bedrooms and two bathrooms. Its renovations include the kitchen, bathrooms, flooring, plumbing, windows, water heater, and interior and exterior paint, along with an open-concept layout. The second residence measures approximately 800 square feet and has two bedrooms and one bathroom; improvements include its kitchen, bathroom, flooring, water heater, and interior and exterior paint.
The property is set back from the roadway, with a seasonal stream along the rear boundary. It offers access to Saddle Road and Hilo, including shopping, dining, and services. The residences were built in 1945. Any potential use is subject to applicable laws, regulations, and permits.
The property is set back from the roadway, with a seasonal stream along the rear boundary. It offers access to Saddle Road and Hilo, including shopping, dining, and services. The residences were built in 1945. Any potential use is subject to applicable laws, regulations, and permits.
Key Highlights
- Two residences on a 0.70‑acre lot
- Main home: approximately 2,000 square feet, 4 bedrooms, 2 bathrooms
- Second residence: approximately 800 square feet, 2 bedrooms, 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,845
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,900
$776.9K
Cap Rate 7%
$554,929
$554.9K
Cap Rate 9%
$431,611
$431.6K
Market Conditions
NOI Build-Up for 2,828 SF
Gross rent
$73.0K $25.80/SF
− Vacancy
−$2.3K −$0.83/SF
EGI
$70.6K $24.97/SF
− OpEx
−$31.8K −$11.24/SF
NOI
$38.8K $13.74/SF
Area
Hawaii County, HI
Vacancy
3.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,900
Cap Rate 7%
$554,929
Cap Rate 9%
$431,611
Alternative Uses
Best Use
Apartment 5plus
$554.9K
$485.6K – $647.4K
NOI $38,845 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$965.1K
$844.5K – $1.13M
NOI $67,560 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Demographics for 96720, HI
46,615
Population
19,826
Households
2.4
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
287.8 sq mi
ZIP Area
162
Density / Sq Mi
$78,537
Median Household Income
$41,268
Median Earnings
$1,346
Median Rent
$458,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 0.70-acre parcel contains a four-bedroom main home and a separate two-bedroom residence.
Where is this multifamily property located?
The property is located at 1360 Kaumana Dr Hilo, HI.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Two residences on a 0.70‑acre lot; Main home: approximately 2,000 square feet, 4 bedrooms, 2 bathrooms; Second residence: approximately 800 square feet, 2 bedrooms, 1 bathroom
