Hilo HI Multi Family for Sale
$2,999,999
23 Machida Lane Hilo, HI 96720
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 6
- Year built:
- 2017
- Baths:
- 7.00
- MLS#:
- 714533
- Subdivision:
- Onekahakaha Subdivision
ADDITIONAL INFORMATION
Oceanfront Paradise: Versatile Luxury Property with Endless Potential Discover an extraordinary opportunity to own a piece of Hawaiian paradise. This stunning oceanfront property, borders the picturesque Onekahakaha Beach Park, offering breathtaking views of the Pacific Ocean and easy access to a protected white-sand cove. Featuring over 6,300 sqft of thoughtfully designed space, this versatile property includes: Four luxury studio units on the first floor, each with air conditioning and screened-in balconies showcasing ocean and garden views A spacious 2-bedroom, 2-bathroom residence on the top floor with an open layout and a private balcony offering panoramic ocean vistas A grand lobby and event area, perfect for hosting yoga classes, wellness retreats, or exclusive gatherings Two laundry rooms, linen storage, office space, and a guest reception area Exquisite Asian-inspired decor and hand-carved Balinese furniture throughout create a unique and luxurious atmosphere. One studio unit boasts a full kitchen, while the others feature convenient kitchenettes. The property's flexible layout allows for various configurations to suit your vision. Additional features include: Fenced borders with lush tropical landscaping Automatic gate with optional keypad entry Ample parking Motion lighting & video surveillance system with mobile phone notifications Built compliant with V-.75 Resort-Zoning This exceptional property presents a world of possibilities: Luxury private residence Boutique hotel or inn Wellness retreat center Corporate event venue High-end vacation rental Embrace the opportunity to create your dream venture in this prime oceanfront location. Experience the best of Hawaiian living while exploring the potential of this unique and valuable real estate offering.
$665,000
346 Lehua St Hilo, HI 96720
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Year built:
- 1950
- Baths:
- 2.00
- MLS#:
- 714159
- Subdivision:
- Puueo Lots
ADDITIONAL INFORMATION
Rare income-producing property near Downtown Hilo. This duplex combines classic charm with modern convenience, offering two updated and spacious 2-bedroom, 1-bath units. It presents versatile options for owner occupants looking to offset housing costs or for investors seeking a popular rental property. Upstairs Unit: The upstairs unit showcases plantation-era charm, featuring an elevated front lanai, perfect for relaxing, morning or evening, while enjoying the mature tropical landscaping in the front yard. Inside, the open-concept kitchen and living area have been upgraded with new fixtures, granite countertops, and engineered hardwood floors. The kitchen includes a gas range, ample counter space, and a stacked washer-dryer conveniently located in the pantry. High 9-foot ceilings and double-hung windows create a spacious, airy atmosphere. The two bedrooms are well-sized and share a full bathroom located in the hallway. Additionally, R-30 insulation in the attic ensures a comfortable temperature year-round. Downstairs Unit: A walking path leads to the lower-level unit. A newly enclosed screened lanai extends the living space outdoors, offering shelter from the elements. This unit has been recently updated with vinyl flooring, drywall, LED lighting, and modern fixtures, making it a desirable rental. Additional storage is available in the hall closet, and the unit includes its own laundry area. The full bathroom is bright and refreshed, featuring custom tile work. Below the downstairs unit is a full-height basement. The private backyard is surrounded by lush tropical foliage, a grassy play area, and features mature citrus trees. Conveniently located on Lehua Street, just over the Wailuku River in lava zone 8, the property is within walking distance of Downtown Hilo’s attractions, including restaurants, the Farmers Market, the Library, Kapalaoa Landing Beach Park, and Hilo Bayfront recreation area.
$699,000
347 Iliahi St Hilo, HI 96720
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 15
- Year built:
- 1918
- Baths:
- 5.00
- MLS#:
- 705740
- Subdivision:
- Puueo Lots
ADDITIONAL INFORMATION
Fully functioning 15 unit multi-family building just a few minutes from downtown Hilo. This permitted three-story building was converted from a single-family residence to a 15 unit congregate dwelling with three and a half bathrooms and three full kitchens to service each floor. The lower level consists of six units renting for $350/month. The second level consist of five units renting for $400/month. Lastly, the third floor consist of four units also renting for $400/month. The community of tenants are required to follow a set of house rules, and “good neighbor” principles guided by the mutual respect and trust of their fellow tenants. Such a methodology has been the cornerstone for the continued success of this prosperous multifamily rental business. Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.
Hilo Real Estate
The median home value in Hilo, HI is $525,000. This is higher than the county median home value of $522,400. The national median home value is $338,100. The average price of homes sold in Hilo, HI is $525,000. Approximately 56.57% of Hilo homes are owned, compared to 31.39% rented, while 12.04% are vacant. Hilo real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Hilo real estate agent to arrange a tour today!
Hilo, Hawaii has a population of 46,559. Hilo is less family-centric than the surrounding county with 24.55% of the households containing married families with children. The county average for households married with children is 25.67%.
The median household income in Hilo, Hawaii is $70,356. The median household income for the surrounding county is $68,399 compared to the national median of $69,021. The median age of people living in Hilo is 39.9 years.
Hilo Weather
The average high temperature in July is 81 degrees, with an average low temperature in January of 63 degrees. The average rainfall is approximately 143.1 inches per year, with 0 inches of snow per year.