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12-Unit Apartment Building
For Sale
Contact for pricing
Pending

485 Waianuenue Ave, Hilo, HI 96720

Fully occupied residences feature two bedrooms, one bathroom, and month-to-month lease terms.

Property SizeContact for details
Days on Market147

Property Features for 485 Waianuenue Ave

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 12 x 2BR/1BA
Multifamily Units 12
Listing Agency: Century 21 Iproperties Hawaii
Listed By: Logan Freitas · License #HI RS-77114
Source: Crexi
Added: Apr 10 Changed: Sep 3 Last Checked: Sep 3 at 6:12AM

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 Century 21 Iproperties Hawaii

Investment Insights

Based on property information with market context.

This 12-unit apartment property offers a consistent unit mix, with every residence configured as a two-bedroom, one-bath apartment measuring 695 square feet. The building is 100% occupied, and all leases are structured on a month-to-month basis.

The property is located at 485 Waianuenue Ave in downtown Hilo. It has been CPR'ed, supporting ownership of the units in bulk with the stated option to sell them individually when ready.

Key Highlights

  • 12‑unit apartment building in downtown Hilo
  • 100% occupied with month‑to‑month leases
  • All units are 2‑bd, 1‑ba layouts

Property Analytics

Current Use

Hilo Terrace Association Association / Organization Island Global Dream ... Charitable Organization

Lease Details

12
Residential units
100%
Occupancy

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied residences feature two bedrooms, one bathroom, and month-to-month lease terms.
Where is this apartment building located?
The property is located at 485 Waianuenue Ave Hilo, HI.
What are key features of this property?
This property features: 12‑unit apartment building in downtown Hilo; 100% occupied with month‑to‑month leases; All units are 2‑bd, 1‑ba layouts
More about this property
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