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    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
    8 properties
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    Two-Home Residential Income Property
    Updated: Feb 24
    Two-Home Residential Income Property

    619 MILILANI ST, Hilo, HI 96720

    $675,000
    2,904 sqft 0.25 AC lot
    Two separate homes on one lot in Hilo—multi‑generational living and/or rental income potential (buyer to verify).
    First home: multi‑level residence built in 1932; refreshed in 2020; 2 bedrooms and 2 bathrooms (one 3/4 bath and one 1/4 bath).
    Second home: multi‑level dwelling built in 1985; 2 bedrooms and 1 full bathroom on the upper level; plus 1 additional bedroom and a 3/4 bathroom on the lower level.
    Appliances included: washer, dryer, oven, and refrigerator.
    Covered parking available.
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    This listing looks promising.

    Here's a quick look at some key insights for

    619 MILILANI ST, Hilo, HI 96720

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    • Est. Cap Rate

      6.5%
      Above avg (5.9%)

    • Est. NOI

      $44K
      Annual

    • Price @ 7% Cap

      $622K
      Suggested

    • Property Type

      Single Family Residence
      Built 1985
    View Property Analytics
    Two-Unit Residential Income Property
    Updated: Jul 13
    Two-Unit Residential Income Property

    30 KANOELANI ST, Hilo, HI 96720

    $750,000
    2,592 sqft 0.61 AC lot
    Building 2: permitted structure with 800 SF total, 1 bedroom and 2 bathrooms
    Main area is 1,948 SF (Building 1) and is uninhabitable and unmaintained; repairs are needed
    Building 1 includes an unpermitted porch that is enclosed and attached to the main home
    Year built: 1962
    Sewer: cesspool; utilities include cable available
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    Duplex-Style Income Property
    Duplex-Style Income Property

    2133 KINOOLE ST, Hilo, HI 96720

    $570,000
    2,060 sqft 0.24 AC lot

    Versatile Hilo duplex-style home with 6 bedrooms, 2 bathrooms, and separate private exterior entrances for each level.

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    Duplex with Two 2BR Units
    Duplex with Two 2BR Units

    346 LEHUA ST, Hilo, HI 96720

    $610,000
    1,664 sqft 0.17 AC lot

    Two spacious 2-bedroom, 1-bath units with in-unit laundry and updated electrical and plumbing for rental income.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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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    Two-Home Residential Income Duplex
    Two-Home Residential Income Duplex

    557 KUPULAU RD, Hilo, HI 96720

    $850,000
    1,656 sqft 0.30 AC lot

    Two well-maintained, updated homes on a single lot in Hilo offer flexible owner-occupant or rental use.

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    Multifamily Property with Two Kitchens
    Multifamily Property with Two Kitchens

    82-D HOKU ST, Hilo, HI 96720

    $365,000
    3,900 sqft 0.10 AC lot

    Multifamily income property with 9 rooms, 3 bathrooms, and two full kitchens for flexible shared-housing setups.

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    Renovated Homes on Lush Lot
    Renovated Homes on Lush Lot

    1360 Kaumana Drive, Hilo, HI 96720

    $895,000

    Two renovated homes on 0.7 acres with income potential.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 8 Active listings in Hilo, HI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Remodeled Two-Unit Residential Property
    Remodeled Two-Unit Residential Property

    15-1477 25TH AVE, Keaau, HI 96749

    $519,000
    2,392 sqft 1.00 AC lot

    Two remodeled permitted units with split A/C, shared water catchment, and driveway parking configuration on one lot.

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    Two-Home Residential Income Property
    Two-Home Residential Income Property

    16-2350 AINALOA DR, Pahoa, HI 96778

    $383,000
    1,632 sqft 0.41 AC lot

    Two fully permitted homes on one lot in A-1A zoning, offered for sale and ready for light renovation.

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    Two-Story Family Home with Yard
    Two-Story Family Home with Yard

    15-1485 POST OFFICE RD, Pahoa, HI 96778

    $775,000
    4,602 sqft 0.50 AC lot

    Spacious two-story residence on a half-acre lot with hardwood floors, large windows, and ample parking.

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    Two-Home Residential Income Property
    Two-Home Residential Income Property

    15-1398 13th Avenue, Keaau, HI 96749

    $1,275,000

    Two fully fenced homes each offer 5 bedrooms and 4 bathrooms on one lot in Hawaiian Paradise Park.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Clearlake Land/Lot Opportunity
    Clearlake Land/Lot Opportunity

    3519 Covelo Street, Clearlake, CA 95422

    Contact for pricing
    0.13 AC lot

    Three adjoining lots near Pomo school, ideal for manufactured home.

    View details
    Acreage in Olive City
    Acreage in Olive City

    17315 Rancho Tehama Rd, Corning, CA 96021

    Contact for pricing
    1.02 AC lot

    1.02 acre parcel in Corning, California, ideal for homesteading.

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    Land with Private Well
    Land with Private Well

    7114 Horseshoe, Corning, CA 96021

    $34,900
    1.28 AC lot

    Over an acre of land with a private well.

    View details
    Rancho Tehama Homesite Opportunity
    Rancho Tehama Homesite Opportunity

    16305 Hillcrest Drive, Corning, CA 96021

    Contact for pricing
    1.86 AC lot

    1.86-acre homesite in Rancho Tehama community.

    View details

    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    310 sqft
    View details
    50 Maile St, Unit B
    APARTMENT HOUSE (UNDER 5 UNITS)

    50 Maile St, Hilo, HI 96720-4374

    Unit B
    $2,250,000
    Estimated value
    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
    Value Estimation by Request
    310 sqft
    View details
    24 Ainako Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    24 Ainako Ave, Hilo, HI 96720-1926

    $1,400,000
    Estimated value
    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

    $840,000
    Estimated value
    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
    Value Estimation by Request
    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
    $640,000
    Estimated value
    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
    $635,000
    Estimated value
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    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
    Value Estimation by Request
    308 sqft
    View details
    337 Ululani St
    APARTMENT HOUSE (UNDER 5 UNITS)

    337 Ululani St, Hilo, HI 96720-3068

    $4,795,000
    Estimated value
    20,736 sqft 1.25 AC lot
    View details
    Hilo, HI 96720
    APARTMENT HOUSE (UNDER 5 UNITS)

    Hilo, HI 96720

    Value Estimation by Request
    1,258 sqft 0.17 AC lot
    View details
    101 Aupuni St Ste, Unit 115
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Aupuni St Ste, Hilo, HI 96720-4260

    Unit 115
    Value Estimation by Request
    310 sqft
    View details

    Hilo, HI Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Hilo, HI, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 6,357 square feet of properties for sale, with an estimated market value of $4,830,000.

    Sale prices for multifamily properties in Hilo, HI start at $570,000, averaging $1,207,500, 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.

    List
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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 6
    Apartment buildings 2
    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 $1.1M

    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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