Add Listing
    Hilo, HI
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Property Types
    1
    • Retail
    • Office
    • Residential Income
    • Restaurants
    • Industrial
    • Mixed-Use
    • Hospitality
    • Health Care
    • Sports & Entertainment
    • Land
    • Agricultural
    • Specialty
    Price
    Price
    $
    $

    Hilo, HI Multifamily Properties for Sale

    Notify Me
    List
    Map
    Papaikou, HI Pepeekeo, HI Keaau, HI
    Hilo Multifamily Investment Opportunity
    $715,000
    2,904 SF
    Hilo Multifamily Investment Opportunity

    619 MILILANI ST, Hilo, HI 96720

    Two homes on one lot in Hilo, Hawaii.
    • 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.
    Updated: Feb 24
    View details
    Renovated Homes on Lush Lot
    $895,000
    0.70 Acres
    Renovated Homes on Lush Lot

    1360 Kaumana Drive, Hilo, HI 96720

    Two renovated homes on 0.7 acres with income potential.
    • Two fully renovated homes on a 0.7‑acre lot offer flexibility, privacy, and income potential.
    • Move‑in ready condition with beautiful renovations throughout both residences.
    • Convenient location with quick access to Saddle Road and minutes from Hilo's amenities.
    • Quiet and serene setting bordering a seasonal stream with the soothing sound of running water.
    • Cleared and thoughtfully improved lot maintains a tropical feel.
    Updated: May 15
    View details
    Hilo Multifamily Investment Opportunity
    $395,000
    3,900 SF
    Hilo Multifamily Investment Opportunity

    High-cash-flow investment property in downtown Hilo with income potential.

    82-D HOKU ST, Hilo, HI 96720

    View details
    Hilo Multi-Unit Investment Opportunity
    $495,500
    594 SF
    Hilo Multi-Unit Investment Opportunity

    Downtown Hilo property with high income potential.

    82D Hoku St, Hilo, HI 96720

    View details
    Commercial Condominium Complex For Sale
    $2,900,000
    Commercial Condominium Complex For Sale

    Large commercial complex with rental income potential and river views.

    399 HUALANI ST, Hilo, HI 96720

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 5 Active listings in Hilo, HI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 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.

    Spacious Investment Property in Mountain View
    $695,000
    3,264 SF
    Spacious Investment Property in Mountain View

    High-income potential on a large lot near Hilo.

    17-733 ALA LOOP, Mountain View, HI 96771

    View details
    Remodeled Duplex on Large Lot
    $535,000
    2,392 SF
    Remodeled Duplex on Large Lot

    Two-unit home with modern upgrades and fruit trees.

    15-1477 25TH AVE, Keaau, HI 96749

    View details
    Two Homes, One Property
    $439,000
    1,664 SF
    Two Homes, One Property

    Two permitted homes on one lot, investment or multigenerational living.

    15-1432 13TH AVE, Keaau, HI 96749

    View details
    Mountain View Ranch with Ocean Views
    $998,000
    1,968 SF
    Mountain View Ranch with Ocean Views

    Charming ranch with ocean views, pastures, and income potential.

    17-7860 Kulani Rd, Mountain View, HI 96771

    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.

    Ready-to-Build Land in Boulder Creek
    $395,000
    4.32 Acres
    Ready-to-Build Land in Boulder Creek

    Private 4+ acre property with approved plans and utilities.

    830 Kings HWY, Boulder Creek, CA 95006

    View details
    Lakeport Multi-Unit Waterfront Property
    $940,000
    1,900 SF
    Lakeport Multi-Unit Waterfront Property

    Waterfront multi-unit property with income potential in Lakeport, California.

    2776 Lakeshore, Lakeport, CA 95453

    View details
    Clearlake Land/Lot Opportunity
    Contact for pricing
    5,663.00 Acres
    Clearlake Land/Lot Opportunity

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

    3519 Covelo Street, Clearlake, CA 95422

    View details
    Brookings Commercial Land with Views
    $2,900,000
    8.03 Acres
    Brookings Commercial Land with Views

    8.03 acres with ocean views, Highway 101 access.

    16362 GROOTENDORST Ln, Brookings, OR 97415

    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)
    310 SF
    Value Estimation by Request
    Unit 317

    101 Aupuni St Ste, Hilo, HI 96720-4262

    View details
    101 Aupuni St Ste, Unit 316
    APARTMENT HOUSE (UNDER 5 UNITS)
    310 SF
    Value Estimation by Request
    Unit 316

    101 Aupuni St Ste, Hilo, HI 96720-4262

    View details
    101 Aupuni St Ste, Unit 315
    APARTMENT HOUSE (UNDER 5 UNITS)
    310 SF
    Value Estimation by Request
    Unit 315

    101 Aupuni St Ste, Hilo, HI 96720-4262

    View details
    50 Maile St, Unit B
    APARTMENT HOUSE (UNDER 5 UNITS)
    6,720 SF Lot: 0.78 Acres
    Estimated value
    $2,250,000
    Unit B

    50 Maile St, Hilo, HI 96720-4374

    View details
    101 Aupuni St Ste, Unit 244
    APARTMENT HOUSE (UNDER 5 UNITS)
    310 SF
    Value Estimation by Request
    Unit 244

    101 Aupuni St Ste, Hilo, HI 96720-4261

    View details
    24 Ainako Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    5,440 SF Lot: 0.20 Acres
    Estimated value
    $1,400,000

    24 Ainako Ave, Hilo, HI 96720-1926

    View details
    101 Aupuni St Ste 1014a
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,453 SF

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

    View details
    101 Aupuni St Ste, Unit 214
    APARTMENT HOUSE (UNDER 5 UNITS)
    310 SF
    Value Estimation by Request
    Unit 214

    101 Aupuni St Ste, Hilo, HI 96720-4221

    View details
    101 Aupuni St Ste, Unit 133
    APARTMENT HOUSE (UNDER 5 UNITS)
    1,263 SF
    Estimated value
    $640,000
    Unit 133

    101 Aupuni St Ste, Hilo, HI 96720-4265

    View details
    101 Aupuni St Ste, Unit 132
    APARTMENT HOUSE (UNDER 5 UNITS)
    1,187 SF
    Estimated value
    $635,000
    Unit 132

    101 Aupuni St Ste, Hilo, HI 96720-4265

    View details
    101 Aupuni St Ste, Unit 241
    APARTMENT HOUSE (UNDER 5 UNITS)
    308 SF
    Value Estimation by Request
    Unit 241

    101 Aupuni St Ste, Hilo, HI 96720-4261

    View details
    101 Aupuni St Ste, Unit 302
    APARTMENT HOUSE (UNDER 5 UNITS)
    308 SF
    Value Estimation by Request
    Unit 302

    101 Aupuni St Ste, Hilo, HI 96720-4262

    View details
    101 Aupuni St Ste, Unit 301
    APARTMENT HOUSE (UNDER 5 UNITS)
    308 SF
    Value Estimation by Request
    Unit 301

    101 Aupuni St Ste, Hilo, HI 96720-4262

    View details
    337 Ululani St
    APARTMENT HOUSE (UNDER 5 UNITS)
    20,736 SF Lot: 1.25 Acres
    Estimated value
    $4,795,000

    337 Ululani St, Hilo, HI 96720-3068

    View details
    Hilo, HI 96720
    APARTMENT HOUSE (UNDER 5 UNITS)
    1,258 SF Lot: 0.17 Acres
    Value Estimation by Request

    Hilo, HI 96720

    View details
    101 Aupuni St Ste, Unit 115
    APARTMENT HOUSE (UNDER 5 UNITS)
    310 SF
    Value Estimation by Request
    Unit 115

    101 Aupuni St Ste, Hilo, HI 96720-4260

    View details
    101 Aupuni St Ste 1014f
    APARTMENT HOUSE (UNDER 5 UNITS)
    190 SF
    Value Estimation by Request

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

    View details
    101 Aupuni St Ste 1014d
    APARTMENT HOUSE (UNDER 5 UNITS)
    690 SF
    Value Estimation by Request

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

    View details
    101 Aupuni St Ste, Unit 113
    APARTMENT HOUSE (UNDER 5 UNITS)
    310 SF
    Value Estimation by Request
    Unit 113

    101 Aupuni St Ste, Hilo, HI 96720-4260

    View details

    Hilo, HI Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Hilo, HI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 7,439 square feet of properties for sale, with an estimated market value of $4,505,500.

    Sale prices for multifamily properties in Hilo, HI start at $395,000, averaging $1,126,375, 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
    Map

    Top Commercial Asset Segments

    Apartment buildings 1
    Duplexes 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 median 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 sq ft
    Tax Rate vs County Average 0.09 pp below county avg
    Average Loan-to-Value 65.0%

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Browse Multifamily properties for Sale Near Hilo, HI

    Popular Searches in Hilo, HI

    Popular Categories

    Most Searched ZIP Codes in Hilo, HI

    • 96720

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!