1303 Kalanianaole St #1-12, Hilo, HI 96720 (MLS # 724411)
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Tremendous opportunity to invest in a rarely available multi-unit vacation rental property just a block from the shoreline and beach. This 12 condo unit (CPR) property offers multiple opportunities. Currently there are 10 STVR permits in place with 6 units being utilized as short term rentals and the reminder 4 have long-term tenants.
Features and summary:
- Sale includes 12 CPR units
- 6 studio units upstairs/6 studio units downstairs
- 10 STVR permits (maximum) in place
- 6 units being utilized as STVRs/4 used as longterm rentals
- Split AC in the 6 STVR studio rentals.
- The 4 long-term units have not been renovated
- 1 unit being utilized as office and laundry
- 1 unit utilized as expansion to create double space rental for parties of 4
- Property serviced by sewer
- Recent survey and report available
- 6 active STVR units sold turnkey furnished
- Propane tank on site.
One of the partners hold a real estate license in the State of California.
| DAYS ON MARKET | 10 | LAST UPDATED | 10/6/2025 |
|---|---|---|---|
| TRACT | KEOKEA HOUSELOTS | YEAR BUILT | 1966 |
| COUNTY | Hawaii | STATUS | Active |
| PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| ADDITIONAL DETAILS | |
| APPLIANCES | Microwave, Refrigerator, Washer/Dryer Stacked |
|---|---|
| LOT | 8492 acre(s) |
| LOT DESCRIPTION | Corner Lot, Level |
| PARKING | Unassigned |
| STORIES | 2 |
| SUBDIVISION | KEOKEA HOUSELOTS |
| UTILITIES | Cable Available, Electricity Available, Phone Available, Sewer Connected |
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Listed with COMPASS
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 10/10/25 12:12 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 10/10/25 12:12 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.