Multifamily Property with Additional
30 Kanoelani St #2, Hilo, HI 96720
For Sale
$750,000
Includes a permitted secondary structure while the primary living area requires substantial repairs.
Property Size2,592 SF
Price / SF$289.35
Days on Market119
Property Features for 30 Kanoelani St #2
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Unit Mix
Building Details
Year Built
Buildings
Listing Agency:
Savio Realty Ltd. - Puna Office
(831) 331-0843
Listed By:
Oasis Hawai'i
(808) 209-0033
Source:
Myoasishawaii
Added: Jul 15
Changed: Nov 8
Last Checked: Nov 10 at 8:27AM
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 Savio Realty Ltd. - Puna Office
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Investment Insights
Based on property information with market context.
This multifamily property occupies a little over half an acre and includes two structures. The primary building contains 1,948 square feet and is uninhabitable and unmaintained, with repairs required before use. Its enclosed porch is attached to the main home, was built in a workmanlike manner, and is unpermitted. A separate permitted structure provides 800 square feet with one bedroom and two bathrooms, offering usable space while the main building is addressed.
The grounds feature mature tropical landscaping, expansive outdoor areas, and rock walls. The property is situated in a community with access to nearby schools and shopping. Built in 1962, the offering is limited to cash buyers.
The grounds feature mature tropical landscaping, expansive outdoor areas, and rock walls. The property is situated in a community with access to nearby schools and shopping. Built in 1962, the offering is limited to cash buyers.
Key Highlights
- Two‑building multifamily property on a little over half an acre
- Primary building contains 1,948 square feet and is uninhabitable and unmaintained
- Permitted structure totals 800 square feet with 1 bedroom and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,604
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,080
$712.1K
Cap Rate 7%
$508,629
$508.6K
Cap Rate 9%
$395,600
$395.6K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$66.9K $25.80/SF
− Vacancy
−$2.1K −$0.83/SF
EGI
$64.7K $24.97/SF
− OpEx
−$29.1K −$11.24/SF
NOI
$35.6K $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%
$712,080
Cap Rate 7%
$508,629
Cap Rate 9%
$395,600
Alternative Uses
Best Use
Apartment 5plus
$508.6K
$445.1K – $593.4K
NOI $35,604 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
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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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
$458,100
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Hawaii County, HI
Properties on Market for Multifamily properties in Hawaii County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Includes a permitted secondary structure while the primary living area requires substantial repairs.
Where is this multifamily property located?
The property is located at 30 Kanoelani St #2 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 multifamily property on a little over half an acre; Primary building contains 1,948 square feet and is uninhabitable and unmaintained; Permitted structure totals 800 square feet with 1 bedroom and 2 baths
