Two-Home Duplex on
446 AINALAKO RD, Hilo, HI 96720
For Sale
$1,199,000
Under Contract
Residential Income, Hilo, HI
Property Size3,827 SF
Lot Size1.00 Acre
Price / SF$313.30
Days on Market93
Property Features for 446 AINALAKO RD
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Fencing
Subdivision
Lot features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Water source
Amenities
storage building
complete fencing
automatic gate
solar system
fruit trees
Building Details
Year built
Flooring type
Listing Agency:
Coldwell Banker Island Properties - Kamuela · Coldwell Banker Real Estate
(808) 724-6854
Listed By:
Nani Sanchez
(808) 557-9185
Added: Aug 10
Changed: Oct 29
Last Checked: Nov 10 at 6:06PM
MLS# 730393
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 residences totaling approximately 3,827 square feet on 1 acre. The primary home contains 4 bedrooms and 3 bathrooms across two stories, with vaulted ceilings, skylights, koa cabinetry, wood detailing, a gathering-oriented kitchen, and lanais on both levels. The second home offers 2 bedrooms, 2 bathrooms, vaulted ceilings, natural light, and additional lanais. Together, the residences support multi-generational living, guest accommodations, private use, or potential rental use.
The grounds include more than 30 mature fruit-producing trees, including lychee, mangosteen, avocado, and mango. The property is fully fenced and includes an automatic gate, a storage building with electric, covered parking, public water, septic service, and a paid-off solar system. Located at 446 AINALAKO RD in Hilo, the property carries A-1A zoning and was built in 1986.
The grounds include more than 30 mature fruit-producing trees, including lychee, mangosteen, avocado, and mango. The property is fully fenced and includes an automatic gate, a storage building with electric, covered parking, public water, septic service, and a paid-off solar system. Located at 446 AINALAKO RD in Hilo, the property carries A-1A zoning and was built in 1986.
Key Highlights
- Two separate homes on 1 acre at 446 AINALAKO RD, Hilo, HI 96720
- Combined property size of 3,827 Square Feet
- Main home: 4 BD / 3 BA / 2,603 Sq. Ft.; second home: 2 BD / 2 BA / 1,224 Sq. Ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,390
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,800
$1.1M
Cap Rate 7%
$819,857
$819.9K
Cap Rate 9%
$637,667
$637.7K
Market Conditions
NOI Build-Up for 3,827 SF
Gross rent
$85.0K $22.20/SF
− Vacancy
−$3.0K −$0.78/SF
EGI
$82.0K $21.42/SF
− OpEx
−$24.6K −$6.43/SF
NOI
$57.4K $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%
$1,147,800
Cap Rate 7%
$819,857
Cap Rate 9%
$637,667
Alternative Uses
Best Use
Multifamily LT 5
$819.9K
$717.4K – $956.5K
NOI $57,390 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$751.0K
$657.1K – $876.1K
NOI $52,567 @ 7.0% cap · market cap 4.38%
Theoretical Best
Specialty Retail
$1.31M
$1.14M – $1.52M
NOI $91,425 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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 Duplexes in Hawaii County, HI
Properties on Market for Duplexes in Hawaii County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide flexible living arrangements within a fenced property with covered parking and an automatic gate.
Where is this duplex located?
The property is located at 446 AINALAKO RD Hilo, HI.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two separate homes on 1 acre at 446 AINALAKO RD, Hilo, HI 96720; Combined property size of 3,827 Square Feet; Main home: 4 BD / 3 BA / 2,603 Sq. Ft.; second home: 2 BD / 2 BA / 1,224 Sq. Ft.
