127 Kanoelani St #1, Hilo, HI 96720
Local realty services provided by:Better Homes and Gardens Real Estate Island Lifestyle



Listed by:gina hara chun8089363297
Office:hara chun realty, llc.
MLS#:712511
Source:HI_HIS
Price summary
- Price:$1,145,500
- Price per sq. ft.:$199.36
About this home
Prime Multi-Unit Property with Income Potential & Owner-Occupant Opportunity<br><br>This exceptional multi-unit property, located on a spacious 26,640 sq ft lot with two private driveways, offers a unique opportunity for both investment and owner-occupancy. Recently remodeled and move-in ready, the layout ensures privacy for all units while maximizing rental income potential.<br><br>Front Home: Features three units:<br><br>Main Unit: A 3-bedroom, 2-bathroom home with generous living space, a large lanai, and a 2-car carport.<br>Upstairs Unit: A 1-bedroom, 1-bathroom unit with a kitchen, private access, exterior lanai, and 2-car carport.<br>Downstairs Unit: A 1-bedroom, 1-bathroom unit with its own carport, ideal for small households. All three units are occupied, generating reliable rental income.<br>Back Home: A spacious 4-bedroom, 2-bathroom home with a carport, currently vacant, offers an ideal opportunity for owner-occupancy. The back home also includes a 1-bedroom, 1-bathroom unit, which is being leased for additional rental income.<br><br>While distant ocean views from the back lanai enhance the peaceful atmosphere, the true value of this property lies in its versatility. The large lot offers ample space for landscaping, gardening, and additional privacy.<br><br>Whether you choose to live in the back home while collecting income from the front units or lease all units for maximum cash flow, this property offers long-term financial potential. A rare opportunity to invest in both a tranquil residence and a profitable rental property.<br><br>E Komo Mai (Welcome and Come on by)<br>The information herein, while deemed reliable, may contain inaccuracies or be incorrect & is provided without warranty or guarantee of any kind. Buyer & buyer's agent to perform due diligence and investigate & confirm all pertinent & material facts. Sold As-Is. There are no guarantees or warranties
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Home facts
- Year built:1951
- Listing Id #:712511
- Added:228 day(s) ago
- Updated:August 21, 2025 at 11:26 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
- Full bathrooms:4
- Living area:5,746 sq. ft.
Structure and exterior
- Year built:1951
- Building area:5,746 sq. ft.
- Lot area:0.61 Acres
Utilities
- Sewer:Cesspool
Finances and disclosures
- Price:$1,145,500
- Price per sq. ft.:$199.36
- Tax amount:$11,508 (2023)
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