Multifamily

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
11 properties
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Two-Residence Multifamily Property
Updated: Oct 16
Two-Residence Multifamily Property

1360 KAUMANA DR, Hilo, HI 96720

$830,000
2,828 sqft 0.71 AC lot
Two residences on 0.705 acres
Main home: approximately 2,000 square feet, 4 bedrooms, and 2 bathrooms
Second home: approximately 800 square feet, 2 bedrooms, and 1 bathroom
RS‑15 zoning
Seasonal stream along the rear boundary
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Flexible Duplex Property
Updated: Jul 11
Flexible Duplex Property

2133 KINOOLE ST, Hilo, HI 96720

$545,000
2,060 sqft 0.24 AC lot
6 bedrooms and 2 bathrooms within a two‑level, 2,060‑square‑foot layout
0.2375‑acre fully fenced lot with grassy yard and covered parking
Separate exterior entrances plus an interior connection between floors
Upper‑level updated kitchen with stainless appliances and gas cooktop
Lower‑level kitchenette with refrigerator, freezer, microwave, toaster oven, and portable cooktop
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Two-Home Duplex on Acreage
Two-Home Duplex on Acreage

446 AINALAKO RD, Hilo, HI 96720

$1,199,000
3,827 sqft 1.00 AC lot

Two separate residences provide flexible living arrangements within a fenced property with covered parking and an automatic gate.

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Two-Level Duplex with Flexible Layout
Two-Level Duplex with Flexible Layout

2133 Kinoole St, Hilo, HI 96720

$545,000
2,060 sqft

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

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Duplex Property with Separate Dwelling
Duplex Property with Separate Dwelling

30 KANOELANI ST, Hilo, HI 96720

$750,000
2,592 sqft 0.61 AC lot

Two-building residential property with a permitted secondary structure, covered parking, and a substantial landscaped lot.

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Updated Duplex with Two Homes
Updated Duplex with Two Homes

557 KUPULAU RD, Hilo, HI 96720

$825,000
1,656 sqft 0.30 AC lot

Two maintained residences provide options for multigenerational living, rental use, or owner occupancy under A-1A zoning.

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Updated Two-Unit Duplex
Updated Two-Unit Duplex

346 LEHUA ST, Hilo, HI 96720

$610,000
1,664 sqft 0.17 AC lot

Two residences offer refreshed interiors, private outdoor areas, in-unit laundry, and access to Downtown Hilo amenities.

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Multifamily Property with Additional Structure
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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Renovated Three-Unit Multifamily Property
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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Commercial Condominium Complex For Sale
Commercial Condominium Complex For Sale

399 HUALANI ST, Hilo, HI 96720

$2,900,000
41 sqft 41.00 AC lot

Large commercial complex with rental income potential and river views.

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Four-Unit Mixed-Use Building
Four-Unit Mixed-Use Building

96 Wainaku Street, Hilo, HI 96720

$249,000
2,220 sqft

Includes three residential units and a storefront near downtown Hilo.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 11 Active listings in Hilo, HI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Two-Dwelling Duplex Property
Two-Dwelling Duplex Property

16-413 NAPUA ST, Keaau, HI 96749

$749,000
2,484 sqft 2.96 AC lot

Two separate homes provide distinct living spaces, with photovoltaic power systems serving both residences.

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Duplex with Covered Lanai
Duplex with Covered Lanai

16-413 Napua St, Keaau, HI 96749

$749,000
2,484 sqft

Two residences offer separate living spaces, photovoltaic systems, and dedicated carport and garage-workshop parking.

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8-Bedroom Duplex Property
8-Bedroom Duplex Property

17-733 ALA LOOP, Kurtistown, HI 96760

$795,000
3,264 sqft 1.25 AC lot

Currently used for long-term rentals, with a detached garage and public water service.

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Rehabilitated Duplex Property
Rehabilitated Duplex Property

16-155 AULII ST, Kurtistown, HI 96760

$580,000

Two single-family residences occupy a cleared, fully fenced parcel with updated water-system equipment.

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Off-Market Properties in Hilo, HI

Consider similar Off-Market properties in Hilo, HI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

101 Aupuni St Ste, Unit 317
APARTMENT HOUSE (UNDER 5 UNITS)

101 Aupuni St Ste, Hilo, HI 96720-4262

Unit 317
Estimated value:
$325,000
310 sqft
View details
101 Aupuni St Ste, Unit 316
APARTMENT HOUSE (UNDER 5 UNITS)

101 Aupuni St Ste, Hilo, HI 96720-4262

Unit 316
Estimated value:
$325,000
310 sqft
View details
101 Aupuni St Ste, Unit 315
APARTMENT HOUSE (UNDER 5 UNITS)

101 Aupuni St Ste, Hilo, HI 96720-4262

Unit 315
Estimated value:
$325,000
310 sqft
View details
50 Maile St, Unit B
APARTMENT HOUSE (UNDER 5 UNITS)

50 Maile St, Hilo, HI 96720-4374

Unit B
Estimated value:
$2,250,000
6,720 sqft 0.78 AC lot
View details
101 Aupuni St Ste, Unit 244
APARTMENT HOUSE (UNDER 5 UNITS)

101 Aupuni St Ste, Hilo, HI 96720-4261

Unit 244
Estimated value:
$230,000
310 sqft
View details
24 Ainako Ave
APARTMENT HOUSE (UNDER 5 UNITS)

24 Ainako Ave, Hilo, HI 96720-1926

Estimated value:
$1,400,000
5,440 sqft 0.20 AC lot
View details
101 Aupuni St Ste 1014a
APARTMENT HOUSE (UNDER 5 UNITS)

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

Estimated value:
$840,000
2,453 sqft
View details
101 Aupuni St Ste, Unit 214
APARTMENT HOUSE (UNDER 5 UNITS)

101 Aupuni St Ste, Hilo, HI 96720-4221

Unit 214
Estimated value:
$150,000
310 sqft
View details
101 Aupuni St Ste, Unit 133
APARTMENT HOUSE (UNDER 5 UNITS)

101 Aupuni St Ste, Hilo, HI 96720-4265

Unit 133
Estimated value:
$690,000
1,263 sqft
View details
101 Aupuni St Ste, Unit 132
APARTMENT HOUSE (UNDER 5 UNITS)

101 Aupuni St Ste, Hilo, HI 96720-4265

Unit 132
Estimated value:
$690,000
1,187 sqft
View details
101 Aupuni St Ste, Unit 241
APARTMENT HOUSE (UNDER 5 UNITS)

101 Aupuni St Ste, Hilo, HI 96720-4261

Unit 241
Estimated value:
$170,000
308 sqft
View details
101 Aupuni St Ste, Unit 302
APARTMENT HOUSE (UNDER 5 UNITS)

101 Aupuni St Ste, Hilo, HI 96720-4262

Unit 302
Estimated value:
$300,000
308 sqft
View details
101 Aupuni St Ste, Unit 301
APARTMENT HOUSE (UNDER 5 UNITS)

101 Aupuni St Ste, Hilo, HI 96720-4262

Unit 301
Estimated value:
$300,000
308 sqft
View details

Hilo, HI Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Hilo, HI, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 23,632 square feet of properties for sale, with an estimated market value of $9,940,000.

Sale prices for multifamily properties in Hilo, HI start at $249,000, averaging $903,636, and reaching up to $2,900,000 — 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

Duplexes 6
Apartment buildings 1
Short term rental properties 1

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)

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