USAHIHiloPonahawai256 Kapiolani St
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$3,249,000

For Sale

2 months ago

256 Kapiolani St, Hilo, HI

House

MLS® 732420

30 Bed

15 Bath

9900 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 9900 sqft
Garage 
Taxes $7,575
Days Active 31
Lot Size 15605 SF
Approx. Age 1973
Avg. Price Per Sqft $328
MLS® Number 732420

Property Address: 256 Kapiolani St, Hilo, HI, 96720-2667

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

Description

Fantastic Turnkey Multifamily INCOME Property in Hilo Opportunity Zone. An exceptional investment opportunity located near downtown Hilo. This professionally managed 15-unit apartment building features 15 onsite parking stalls and consists entirely of 2-bedroom, 1-bathroom units (approx. 660 sq. ft. each, totaling 9, 900 sq. ft. of living area). Tenants enjoy ocean views from the second and third-floor walkways and a newly installed on-site laundry facility. The building has undergone extensive, high-quality capital improvements. All 15 units boast fully remodeled interiors with brand-new flooring, fresh paint, and completely updated bathrooms. The modernized kitchens include new cabinetry, quartz countertops, new refrigerators, stove hoods, and individual water heaters. Major structural and systemic upgrades provide immediate peace of mind for the new owner. All exterior walkways and stairways have been completely rebuilt. Crucial plumbing updates include a newly replaced main sewer line to the County road and new under-slab main floor sewer lines. Located in a highly desirable Opportunity Zone, this turnkey asset is perfectly positioned for a seamless transition. NDA required to review financials.
MLS® Number732420
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1973
Basement
DrivewayAssigned
Garage Spaces
HeatNone
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 30, 2026List Date
$3,249,000List Price
  • Commute

Commute

Starting Address
Destination Address
256 Kapiolani St, Hilo, HI

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