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    Kailua Kona, HI
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    Kailua Kona, HI Multifamily Properties for Sale

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    Holualoa, HI Kealakekua, HI Ocean View, HI Captain Cook, HI Kamuela, HI Waikoloa, HI
    Residential Triplex with Storage Rooms
    Updated: Jun 29
    Residential Triplex with Storage Rooms

    75-190 ALAKAI ST, Kailua Kona, HI 96740

    $950,000
    2,170 sqft 0.18 AC lot
    Multi‑unit property at 75‑190 Alakai St in Kailua‑Kona
    Currently generates $7,250/month ($87,000 annually) in rental income
    Layout includes a 2BD/1BA upper front unit and two 1BD/1BA units (upper rear and lower)
    Additional rental/usable space includes a separate room currently rented plus five storage rooms and an additional bathroom
    Generous lot with potential for additional off‑street parking (buyers to verify during due diligence)
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    This listing looks promising.

    Here's a quick look at some key insights for

    75-190 ALAKAI ST, Kailua Kona, HI 96740

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    • Est. Cap Rate

      3.4%
      NOI ÷ price

    • Est. NOI

      $33K
      Annual

    • Price @ 7% Cap

      $465K
      Suggested

    • Property Type

      Single Family Residence
      Built 1970
    View Property Analytics
    Kailua-Kona Multi-Family Income Property
    Updated: Dec 11, 2025
    Kailua-Kona Multi-Family Income Property

    Kailua Kona, HI 96740

    $1,675,000
    3,930 sqft 0.42 AC lot
    Income property: Two updated homes on one lot, each with main living areas and separate guest quarters.
    Enjoy panoramic ocean and sunset views from an ideal elevation in a quiet neighborhood.
    Convenient access to Kailua‑Kona town and the Kohala Gold Coast, with restaurants, shopping, and beaches.
    Each home features open‑beam ceilings and private covered tiled lanais.
    Updated kitchens and bathrooms in both homes.
    View details
    Updated Multi-Family Income Property
    Updated Multi-Family Income Property

    73-1153 Ahikawa Street, Kailua Kona, HI 96740

    $1,675,000

    Two updated homes on one lot with ocean views.

    View details
    Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 3 Active listings in Kailua Kona, HI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 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.

    View details
    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.

    View details
    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
    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.

    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.

    View details
    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 Kailua Kona, HI

    Consider similar Off-Market properties in Kailua Kona, 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.

    78-6649 Alii Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    78-6649 Alii Dr, Kailua Kona, HI 96740-4471

    $925,000
    Estimated value
    2,400 sqft 0.10 AC lot
    View details
    75-5766 Alahou St
    APARTMENT HOUSE (UNDER 5 UNITS)

    75-5766 Alahou St, Kailua Kona, HI 96740-1870

    $1,320,000
    Estimated value
    2,808 sqft 0.19 AC lot
    View details
    75-5776 Kuakini Hwy, Unit 104A
    APARTMENT HOUSE (UNDER 5 UNITS)

    75-5776 Kuakini Hwy, Kailua Kona, HI 96740-1768

    Unit 104A
    Value Estimation by Request
    810 sqft
    View details
    75-5776 Kuakini Hwy, Unit 114B
    APARTMENT HOUSE (UNDER 5 UNITS)

    75-5776 Kuakini Hwy, Kailua Kona, HI 96740-1760

    Unit 114B
    Value Estimation by Request
    439 sqft
    View details
    75-154 Lunapule Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    75-154 Lunapule Rd, Kailua Kona, HI 96740-2106

    $780,000
    Estimated value
    1,760 sqft 0.26 AC lot
    View details
    75-5782 Kuakini Hwy, Unit 4
    APARTMENT HOUSE (UNDER 5 UNITS)

    75-5782 Kuakini Hwy, Kailua Kona, HI 96740-1746

    Unit 4
    Value Estimation by Request
    150 sqft
    View details
    75-5782 Kuakini Hwy, Unit 3
    APARTMENT HOUSE (UNDER 5 UNITS)

    75-5782 Kuakini Hwy, Kailua Kona, HI 96740-1746

    Unit 3
    $735,000
    Estimated value
    2,764 sqft
    View details
    75-5782 Kuakini Hwy, Unit 2
    APARTMENT HOUSE (UNDER 5 UNITS)

    75-5782 Kuakini Hwy, Kailua Kona, HI 96740-1746

    Unit 2
    $1,000,000
    Estimated value
    3,550 sqft
    View details
    75-5782 Kuakini Hwy, Unit 1
    APARTMENT HOUSE (UNDER 5 UNITS)

    75-5782 Kuakini Hwy, Kailua Kona, HI 96740-1746

    Unit 1
    Value Estimation by Request
    820 sqft
    View details
    72-300 Maheawalu Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    72-300 Maheawalu Dr, Kailua Kona, HI 96740

    $815,000
    Estimated value
    1,479 sqft 81.39 AC lot
    View details
    Kona Islander I 105c
    APARTMENT HOUSE (UNDER 5 UNITS)

    Kona Islander I 105c, Kailua Kona, HI 96740

    Value Estimation by Request
    126 sqft
    View details

    Kailua Kona, HI Multifamily Properties Market Trends and Statistics

    Explore 14 multifamily properties for sale in Kailua Kona, HI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 6,100 square feet of properties for sale, with an estimated market value of $2,625,000.

    Sale prices for multifamily properties in Kailua Kona, HI start at $950,000, averaging $1,312,500, and reaching up to $1,675,000 — 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 2
    Triplexes 1

    Demographics Overview

    Population 41K
    Population Growth (5Y) +2.8%
    Median Household Income $94,091
    College Educated 15.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    96740 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 1.01%
    Property Tax per SF $7.60 per SF
    Tax Rate vs County Average 0.03 pp above 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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