1303 Kalanianaole St #1-12, Hilo, HI 96720

Local realty services provided by:Better Homes and Gardens Real Estate Rainbow Island Properties
1303 Kalanianaole St #1-12,Hilo, HI 96720
$2,599,000
  • 12 Beds
  • 12 Baths
  • 3,876 sq. ft.
  • Single family
  • Active
Listed by:steven ellison8089363000
Office:compass
MLS#:724411
Source:HI_HIS

Price summary

  • Price:$2,599,000
  • Price per sq. ft.:$670.54

About this home

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. <br><br>Features and summary:<br>- Sale includes 12 CPR units<br>- 6 studio units upstairs/6 studio units downstairs<br>- 10 STVR permits (maximum) in place<br>- 6 units being utilized as STVRs/4 used as longterm rentals<br>- Split AC in the 6 STVR studio rentals.<br>- The 4 long-term units have not been renovated<br>- 1 unit being utilized as office and laundry<br>- 1 unit utilized as expansion to create double space rental for parties of 4<br>- Property serviced by sewer<br>- Recent survey and report available <br>- 6 active STVR units sold turnkey furnished<br>- Propane tank on site.<br><br>One of the partners hold a real estate license in the State

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Home facts

  • Year built:1966
  • Listing ID #:724411
  • Added:1 day(s) ago
  • Updated:October 07, 2025 at 02:23 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:12
  • Full bathrooms:12
  • Living area:3,876 sq. ft.

Structure and exterior

  • Year built:1966
  • Building area:3,876 sq. ft.
  • Lot area:0.19 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,599,000
  • Price per sq. ft.:$670.54
Listing information © 2021 MLS Hawaii, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants or the MLS from liability.

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