Two-Building Duplex with Covered
For Sale
$750,000
30 KANOELANI ST, Hilo, HI 96720
MULTI_FAMILY - Hilo, HI
Property Size2,592 SF
Lot Size0.61 Acres
Price / SF$289.35
Days on Market48
Property Features for 30 KANOELANI ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RS-15
Bedrooms
4
Bathrooms
6
Full bathrooms
5
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 4, Bathroom 6, Bathroom 5, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 1
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: Aug 2
Last Checked: Aug 29 at 4:06AM
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.
Investment Insights
Based on property information with market context.
Duplex property on a 0.6116-acre lot featuring two structures. Building 1 includes an unpermitted porch enclosed and attached to the main home, built in a workmanlike manner. The main area is 1,948 SF and is uninhabitable and unmaintained, with repairs needed. Building 2 is a permitted structure with 800 SF total and a layout including 1 bedroom and 2 bathrooms. Carpet flooring is listed, and the property is supported by covered parking.
The property is zoned RS-15. Utilities include cable available, and sewer service is a cesspool. Built in 1962, the listing is located at 30 Kanoelani St, Hilo, HI 96720.
The property is zoned RS-15. Utilities include cable available, and sewer service is a cesspool. Built in 1962, the listing is located at 30 Kanoelani St, Hilo, HI 96720.
Key Highlights
- 0.6116‑acre lot zoned RS‑15
- Two‑building setup: Building 1 main area 1,948 SF uninhabitable/unmaintained; repairs needed
- Building 2 permitted structure with 800 SF, 1 bedroom and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,870
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Permitted one-bedroom, two-bath building plus uninhabitable main area, zoned RS-15 with cable available and covered parking.
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: 0.6116‑acre lot zoned RS‑15; Two‑building setup: Building 1 main area 1,948 SF uninhabitable/unmaintained; repairs needed; Building 2 permitted structure with 800 SF, 1 bedroom and 2 bathrooms
