Duplex Property with Separate
For Sale
$750,000
30 KANOELANI ST, Hilo, HI 96720
Residential Income, Hilo, HI
Property Size2,592 SF
Lot Size0.61 Acres
Price / SF$289.35
Days on Market96
Property Features for 30 KANOELANI ST
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-15
Bedrooms
4
Bathrooms
6
Full bathrooms
5
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 2, Bathroom 6, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 2
Parking features
Covered
Subdivision
WAIAKEA HOMESTEADS 1ST SERIES
Lot features
Grassy
Standard status
Active
APN
3240140390000
Size
2,592 SF
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2218
Utilities
Utilities
Cable Available
Sewer type
Cesspool
Building Details
Year built
1962
Flooring type
Carpet
Listing Agency:
Property Professionals Hawaii LLC.
(808) 935-4411
Listed By:
Ashli P Quevedo
(808) 987-8349
Added: Jul 13
Changed: Sep 12
Last Checked: Oct 16 at 5:06PM
MLS# 731329
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.
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Investment Insights
Based on property information with market context.
This duplex property includes two separate buildings totaling 2,592 square feet on a 0.6116-acre lot. The primary building contains 1,948 square feet and requires renovation, maintenance, and repairs. Its enclosed porch is attached to the home and was built in a workmanlike manner consistent with the surrounding neighborhood. A second permitted building adds 800 square feet with one bedroom and two bathrooms, providing separate living space while work is completed on the main residence.
The grounds include mature tropical landscaping, an expansive yard, and rock walls. The property is located near schools and shopping in Hilo and includes covered parking. Additional property details include RS-15 zoning, cable availability, a cesspool sewer system, carpet flooring, and a 1962 construction date.
The grounds include mature tropical landscaping, an expansive yard, and rock walls. The property is located near schools and shopping in Hilo and includes covered parking. Additional property details include RS-15 zoning, cable availability, a cesspool sewer system, carpet flooring, and a 1962 construction date.
Key Highlights
- Two‑building duplex property totaling 2,592 square feet
- Primary building offers 1,948 square feet and requires renovation and repairs
- Permitted second building contains 800 square feet, 1 bedroom, and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,870
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,400
$777.4K
Cap Rate 7%
$555,286
$555.3K
Cap Rate 9%
$431,889
$431.9K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$57.5K $22.20/SF
− Vacancy
−$2.0K −$0.78/SF
EGI
$55.5K $21.42/SF
− OpEx
−$16.7K −$6.43/SF
NOI
$38.9K $15.00/SF
Area
Hawaii County, HI
Vacancy
3.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,400
Cap Rate 7%
$555,286
Cap Rate 9%
$431,889
Alternative Uses
Best Use
Multifamily LT 5
$555.3K
$485.9K – $647.8K
NOI $38,870 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$508.6K
$445.1K – $593.4K
NOI $35,604 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$884.6K
$774.0K – $1.03M
NOI $61,922 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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?
Duplex - Two-building residential property with a permitted secondary structure, covered parking, and a substantial landscaped lot.
Where is this duplex located?
The property is located at 30 KANOELANI ST Hilo, HI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑building duplex property totaling 2,592 square feet; Primary building offers 1,948 square feet and requires renovation and repairs; Permitted second building contains 800 square feet, 1 bedroom, and 2 bathrooms
