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Listed price in listed location currency (USD).
$395,000

930

MLS® 723448

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 3900 sqft
Garage 
Taxes $3,462
Days Active 243
Lot Size 
Approx. Age 1945
Avg. Price Per Sqft $101
MLS® Number 723448

Property Address: apt-d-82-D Hoku St, HILO, HI, 96720-3826

Average square foot calculated using Size range provided by listing agent.

Description

High-Cash-Flow Investment in Downtown Hilo –Now $395, 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 $395, 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 • Flexible layout for shared housing or rentals • Potential to raise rental value with updates Prime Downtown Hilo Location — walking distance to major employers, hospitals, colleges, stores, restaurants, beaches, parks, and public transportation. High rental demand and rare availability in this area.
MLS® Number723448
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1945
Basement
DrivewayAttached
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 27, 2025List Date
$395,000List Price
  • Commute

Commute

Starting Address
Destination Address
82-D Hoku St, Hilo, HI

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