Hilo, HI Multifamily Properties for Sale

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Papaikou, HI Pepeekeo, HI Keaau, HI Kurtistown, HI Honomu, HI Hakalau, HI Mountain View, HI Volcano, HI

17 properties

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Updated: Jul 13

Multifamily Property with Second Dwelling

30 KANOELANI ST, Hilo, HI 96720

$750,000

2,592 sqft 0.61 AC lot

0.6116‑acre multifamily property at 30 Kanoelani St, Hilo, HI 96720
Two‑building configuration with 2,592 square feet of reported property size
Primary building includes 1,948 square feet and requires repairs
Permitted secondary structure totals 800 square feet with 1 bedroom and 2 bathrooms
RS‑15 zoning; covered parking and cesspool sewer system

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Updated: Jun 15

Updated Two-Unit Duplex

346 LEHUA ST, Hilo, HI 96720

$610,000

1,664 sqft 0.17 AC lot

Two 2‑bedroom, 1‑bath units within 1,664 square feet
Built in 1950 on a 0.1722‑acre parcel
RM‑1 zoning and lava zone 8 designation
Both units include updated electrical and plumbing plus in‑unit laundry
Upper unit features 9' ceilings, front lanai, granite counters, and engineered hardwood floors

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Updated Duplex With Hardwood Floors

557 KUPULAU RD, Hilo, HI 96720

$850,000

1,656 sqft 0.30 AC lot

Two separate homes support owner occupancy, multigenerational living, or rental use on an A-1A-zoned parcel.

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See what stands out in Hawaii County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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NOI available after sign in

Local Demand available after sign in

Multifamily Property with Additional Structure

30 Kanoelani St, Hilo, HI 96720

$750,000

2,592 sqft

Includes a permitted secondary structure while the primary living area requires substantial repairs.

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Duplex with Two Homes on One Lot

619 MILILANI ST, Hilo, HI 96720

$675,000

2,904 sqft 0.25 AC lot

Duplex-style investment featuring two separate multi-level residences on one lot, zoned RS-10 with electricity available.

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Flexible Duplex Property

2133 KINOOLE ST, Hilo, HI 96720

$550,000

2,060 sqft 0.24 AC lot

Adaptable two-level layout offers separate living areas, private entrances, and outdoor space for extended household use.

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9-Room Multifamily Property

82-D HOKU ST, Hilo, HI 96720

$365,000

3,900 sqft 0.10 AC lot

Flexible layout with dual kitchens and shared-housing potential in downtown Hilo.

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Renovated Three-Unit Multifamily Property

76 E Palai St, Hilo, HI 96720

$737,000

2,092 sqft

Separate electric metering and carports serve three leased residential units.

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Two-Home Multifamily Property

619 Mililani St, Hilo, HI 96720

$675,000

2,904 sqft

Two separate dwellings support rental use, owner occupancy, or multigenerational living arrangements.

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Two-Level Duplex with Flexible Layout

2133 Kinoole St, Hilo, HI 96720

$550,000

2,060 sqft

A 6-bedroom home offers separate living areas, private entrances, and an interior connection between floors.

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Remodeled Quadplex with Ocean Views

2107 KAIWIKI RD, Hilo, HI 96720

$1,300,000

Four-unit property with lanai access, shared laundry, and varied residential layouts.

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Renovated Apartment Building

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Multi-level layout includes separate kitchens, multiple living areas, private-entry bedrooms, and paved on-site parking.

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12-Unit Apartment Building

485 Waianuenue Ave, Hilo, HI 96720

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

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Four-Unit Mixed-Use Building

96 Wainaku Street, Hilo, HI 96720

$249,000

2,220 sqft

$1,400,000

Estimated value

5,440 sqft 0.20 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

101 Aupuni St Ste 1014a, Hilo, HI 96720-4259

$840,000

Estimated value

2,453 sqft

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Hilo, HI Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Hilo, HI, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 36,729 square feet of properties for sale, with an estimated market value of $16,649,000.

Sale prices for multifamily properties in Hilo, HI start at $249,000, averaging $1,189,214, and reaching up to $5,688,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 51K

Population Growth (5Y) +3.2%

Median Household Income $78,537

College Educated 23.2%

High-Yield Neighborhoods for Investment

Identify Hilo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
96720	$1.2M

Taxes & Financing

Tax Rate (average for all types) 0.89%

Property Tax per SF $6.19 per SF

Tax Rate vs County Average 0.09 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Hawaii County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Hawaii County

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