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Duplex-Style Income Property

2133 KINOOLE ST Hilo, HI 96720

Claim this Listing
New
For Sale
$570,000

MULTI_FAMILY - Hilo, HI

Property size:
2,060 SF
Lot size:
0.24 Acres
Price / SF:
$276.70/SF
Added:
Jul 11, 2026
Days on Market:
4
Last Refresh:
Jul 14 at 4:06 am

Property Features for 2133 KINOOLE ST

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RS-10
Bedrooms
6
Bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 6
Parking features
Covered
Fencing
Chain Link
Appliances
Dishwasher, Dryer, Gas Cooktop, Microwave, Range, Refrigerator, Washer
Standard status
Active
APN
3220410590000
Size
2,060 SF
Lot size
0.24 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
5452

Utilities

Utilities
Phone Available
Sewer type
Cesspool

Building Details

Year built
1960
Floors in Building
2

Listing agent Mary E. Blyth

Listing office Salt Water Real Estate LLC 250 Keawe Street, Unit D, Hilo, HI

Listing date Jul 11, 2026

MLS# 731812 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 duplex-style income property offers flexible living with a total of 6 bedrooms and 2 bathrooms. The home is configured with an interior connection between levels, plus private exterior entrances for each floor, allowing it to function as two separate living spaces or as one larger residence. The upstairs living area has been updated and includes a full kitchen with stainless kitchen appliances and a gas stove, along with a dining room space supported by cross-through airflow.

Downstairs includes a large main living area, three bedrooms, one large bathroom, and a kitchenette with a refrigerator, freezer, microwave, toaster oven, and portable cook top. Outside, the property sits on a fully fenced, grassy lot with ample parking, a custom lava rock BBQ with a waterfall/pond feature, and multiple well-constructed dog kennels on the side that can be repurposed as individual locked storage areas if desired.

Located centrally in Hilo just off Kinoole St near Kawailani, the property is described as being minutes from UH Hilo and convenient to public schools, shopping, and dining. Zoned RS-10.

Key Highlights

  • 6‑bedroom, 2‑bath Hilo home built in 1960 with rooms including 5 additional bedrooms and 2 bathrooms
  • Can function as two separate living spaces with an interior connection between levels and private exterior entrances for each floor
  • Upstairs updated with a full kitchen and stainless appliances, including gas cooktop, range, microwave, dishwasher, washer and dryer

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 $45.7k $22.20
− Vacancy −$1.6k −$0.78
EGI $44.1k $21.42
− OpEx −$13.2k −$6.43
NOI $30.9k $15.00
2,060 SF · lease $22.20/SF/yr · vacancy 3.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$441.3K
$386.2K – $514.9K (±1% cap)
NOI $30,892 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$404.2K
$353.7K – $471.6K (±1% cap)
NOI $28,296 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$703.0K
$615.2K – $820.2K (±1% cap)
NOI $49,213 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

FAQs

What type of property is this?
Duplex - Versatile Hilo duplex-style home with 6 bedrooms, 2 bathrooms, and separate private exterior entrances for each level.
Where is this duplex located?
The property is located at 2133 KINOOLE ST Hilo, HI.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 6‑bedroom, 2‑bath Hilo home built in 1960 with rooms including 5 additional bedrooms and 2 bathrooms; Can function as two separate living spaces with an interior connection between levels and private exterior entrances for each floor; Upstairs updated with a full kitchen and stainless appliances, including gas cooktop, range, microwave, dishwasher, washer and dryer
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More about this property
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