82 Hoku Street #D, Hilo, HI 96720 (MLS # 202518347)
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High-Cash-Flow Investment in Downtown Hilo -Now $535,000 Hoku Street,Hilo,HI 96720 This Downtown Hilo property offers strong income and even higher potential through room-by-room rentals. Homes rented by the room typically earn significantly more monthly income, provide more stable cash flow, and generate higher long-term returns.With 9 rentable rooms,3 bathrooms,and 2 full kitchens(upstairs and downstairs),the property is already producing solid revenue and can be improved further. Income & ROI: "¢ Current gross income: $70,000-$80,000+ per year "¢ At $535,000 "” gross ROI of 13.1% at $70K/year or 15% at $80K/year "¢ Opportunity to increase ROI through optimized room-by-room rentals "¢ Additional tax benefits from depreciation and write-offs "¢ Multi-tenant setup reduces vacancy risk and enhances income stability Why Room-by-Room Works Well Here: "¢ Higher total income than whole-house rentals "¢ Strong demand from students, workers, and medical professionals "¢ Ideal for investors seeking high NOI and rent per square foot "¢ Flexible layout suited for shared housing,workforce rentals,or multi-family use Property Details: "¢ 9 total rooms "¢ 3 bathrooms "¢ 2 full kitchens
| DAYS ON MARKET | 104 | LAST UPDATED | 12/5/2025 |
|---|---|---|---|
| TRACT | HILO | YEAR BUILT | 1945 |
| COMMUNITY | S. Hilo | GARAGE SPACES | 2.0 |
| COUNTY | Hawaii | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Dec 5, '25 | $625,000 |
|---|---|
| Dec 5, '25 - Today | $535,000 |
| ADDITIONAL DETAILS | |
| AREA | S. Hilo |
|---|---|
| GARAGE | Yes |
| LOT | 4312 acre(s) |
| LOT DESCRIPTION | Cleared, Level |
| LOT DIMENSIONS | 4312 |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| STYLE | Detached |
| SUBDIVISION | HILO |
| TAXES | 3468 |
| UTILITIES | Electricity Available, Water Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | 07 - R-3.5 Residential District |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Nathalie Mullinix R. U., Inc.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 12/7/25 11:34 PM PST.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
active listings last updated on 12/7/25 11:34 PM PST.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
This IDX solution is (c) Diverse Solutions 2025.