1365 Kalanianaole St, Hilo, HI 96720 (MLS # 721690)
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Big, Bold, and Beautiful 28-Unit Apartment Complex - Prime Hilo Location!
Well-maintained and income-producing 28-unit multifamily property just minutes from downtown Hilo and the beach. Two buildings connected by walkways, offering a total of 24 two-bedroom units and 4 one-bedroom units.
Fully renovated in 2018: Granite countertops, updated flooring, fresh interior/exterior paint.
New Roof along with new asphalt for parking.
The building was fumigated in 2024.
Strong rental history with annual rental income over $500,000
Short-term vacation rental potential
Three stories: First level is covered parking; second and third levels are residential
On-site laundry facility
Newer roof and building fumigated in 2024
Covered parking for all units plus guest parking in front
Units feature spacious lanais, ideal for relaxing and enjoying island life
Excellent opportunity for investors looking for stable income with upside potential in a highly desirable area. Steps from Hilo's beaches, dining, and shopping.
| DAYS ON MARKET | 53 | LAST UPDATED | 6/25/2025 |
|---|---|---|---|
| TRACT | KEOKEA HOUSELOTS | YEAR BUILT | 1973 |
| COUNTY | Hawaii | STATUS | Pending |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| GARAGE | Attached Garage |
|---|---|
| LOT | 23462 acre(s) |
| LOT DESCRIPTION | Cleared |
| PARKING | Attached, Covered |
| SUBDIVISION | KEOKEA HOUSELOTS |
| TAXES | 42846.57 |
| UTILITIES | Electricity Available, Phone Available, Sewer Connected |
MORTGAGE CALCULATOR
$3,570.00
$2,487.50
TOTAL MONTHLY PAYMENT
$33,626.00
$9,924,746.00
P
I
*Estimate only
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Listed with Hinano Island Realty LLC
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 7/29/25 3:00 PM PDT.
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 7/29/25 3:00 PM PDT.
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.