Two-Residence Multifamily
New
For Sale
$830,000
1360 KAUMANA DR, Hilo, HI 96720
Residential Income, Single Family Home, Hilo, HI
Property Size2,828 SF
Lot Size0.71 Acres
Price / SF$293.49
Days on Market1
Property Features for 1360 KAUMANA DR
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-15
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 3
Parking features
Covered
Appliances
Convection Oven, Dishwasher, Disposal, Electric Cooktop, Oven, Range, Range Hood
Subdivision
PONAHAWAI HOUSELOTS
Lot features
Cleared, Grassy
Standard status
Active
APN
3250270160000
Size
2,828 SF
Lot size
0.71 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5197
Utilities
Utilities
Water Available
Sewer type
Cesspool
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Flooring type
Vinyl, Tile - Ceramic
Architectural style
Other
Listing Agency:
eXp Realty
(808) 725-2794
Listed By:
Kristen Wallace
(808) 896-9941
Added: Oct 16
Last Checked: Oct 16 at 8:06PM
MLS# 734089
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two residences totaling approximately 2,828 square feet sit on a 0.705-acre parcel in Kaumana. The primary home is approximately 2,000 square feet, with four bedrooms and two bathrooms; the second is approximately 800 square feet, with two bedrooms and one bathroom. Both homes have updated kitchens and bathrooms, flooring, water heaters, and interior and exterior paint. The main residence also received plumbing and window improvements and has an open-concept layout. Zoning is RS-15.
The property is set back from the road, with select trees removed while established tropical vegetation remains. A seasonal stream follows the rear boundary. Saddle Road and Hilo are accessible from the property. Water is available from the public supply, sewer service is by cesspool, and covered parking is provided.
The property is set back from the road, with select trees removed while established tropical vegetation remains. A seasonal stream follows the rear boundary. Saddle Road and Hilo are accessible from the property. Water is available from the public supply, sewer service is by cesspool, and covered parking is provided.
Key Highlights
- Two residences on 0.705 acres
- Main home: approximately 2,000 square feet, 4 bedrooms, and 2 bathrooms
- Second home: approximately 800 square feet, 2 bedrooms, and 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two updated homes occupy a cleared parcel with a seasonal stream along its rear boundary.
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 0.705 acres; Main home: approximately 2,000 square feet, 4 bedrooms, and 2 bathrooms; Second home: approximately 800 square feet, 2 bedrooms, and 1 bathroom
