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    Hilo, HI Other Multifamily Properties for Sale

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    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
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    Hilo Multifamily Investment Opportunity
    $395,000
    3,900 SF

    Hilo Multifamily Investment Opportunity

    82-D HOKU ST, Hilo, HI 96720

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

    • High‑cash‑flow investment property with a gross ROI of 13.1% to 15% based on current income.
    • Nine rentable rooms with potential for increased ROI through optimized room‑by‑room rentals.
    • Prime Downtown Hilo location within walking distance to major employers, hospitals, colleges, stores, restaurants, beaches, parks, and public transportation.
    • Two full kitchens and three bathrooms support the room‑by‑room rental strategy.
    • Current gross income of $70,000-$80,000+ per year.
    Updated: Aug 26, 2025
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    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
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Hilo, HI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Renovated Manoa Valley Residence
    $1,988,000
    2,248 SF

    Renovated Manoa Valley Residence

    Modern 5-bedroom home with a legal 2-bedroom Ohana unit.

    3426 Loulu Street, Honolulu, HI 96822
    View details
    Automotive Business with Residential Units
    $980,000
    5,000 SF

    Automotive Business with Residential Units

    Automotive shop with residential units and development potential.

    18781 Highway 1, Fort Bragg, CA 95437
    View details
    Fort Bragg Commercial Opportunity
    $980,000
    5,000 SF

    Fort Bragg Commercial Opportunity

    Commercial property with shop, offices, and residential units.

    18781 Highway 1, Fort Bragg, CA 95437
    View details
    Honolulu Multifamily Property For Sale
    $2,300,000

    Honolulu Multifamily Property For Sale

    Multifamily property with steady income stream in Honolulu, Hawaii.

    707 Hausten Street, Honolulu, HI 96826
    View details

    Hilo, HI Other Multifamily Properties Investment Opportunities Market Analysis

    Explore 3 other multifamily properties for sale in Hilo, HI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 7,398 square feet of properties for sale, with an estimated market value of $1,605,500.

    Sale prices for other multifamily properties in Hilo, HI start at $395,000, averaging $535,166, and reaching up to $715,000 — 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

    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 Strategic 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 $535.2K

    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%

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