619 MILILANI ST, Hilo, HI 96720
- Added:
- Feb 24, 2026
- Days on Market:
- 108
- Last Refresh:
- Jun 12 at 3:06 am
Property Features for 619 MILILANI ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RS-10
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bathroom 3
- Parking features
- Covered
- Appliances
- Dryer, Oven, Refrigerator, Washer
- Standard status
- Active
- APN
- 3220340080000
- Size
- 2,904 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3164
Utilities
- Utilities
- Electricity Available
Building Details
- Year built
- 1932
- Floors in Building
- 2
- Flooring type
- Carpet
Listing agent Tessie Fontes (808) 640-4077
Listing office Coldwell Banker Island Properties - Hilo 101 Hualalai Street, Kihei, HI (808) 969-7863
Listing date Feb 24, 2026
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.
HighLights
- Two separate homes on one lot offer flexible living arrangements or rental income potential.
- Prime location in the heart of Hilo, close to shopping, dining, and Wailoa State Park.
- Multi‑level white home (built in 1932, refreshed in 2020) features two bedrooms and two bathrooms.
- Yellow multi‑level home (built in 1985) offers three bedrooms and two bathrooms.
- Investment opportunity with potential for rental income from both homes.
- Potential to pursue commercial zoning (buyer to verify).
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.9k | $25.80 |
| − Vacancy | −$2.4k | −$0.83 |
| EGI | $72.5k | $24.97 |
| − OpEx | −$32.6k | −$11.24 |
| NOI | $39.9k | $13.74 |
Alternative Uses
Current Use by Public Records
Map
- City
- Hilo
- County
- Hawaii
- State
- Hawaii
- Longitude
- -155.0711212
- Latitude
- 19.7138677
