1365 Kalanianaole St, Hilo, HI 96720

Local realty services provided by:Better Homes and Gardens Real Estate Rainbow Island Properties
1365 Kalanianaole St,Hilo, HI 96720
$4,975,000
  • 52 Beds
  • 28 Baths
  • 18,810 sq. ft.
  • Multi-family
  • Active
Listed by:donald b mckinnon8084306779
Office:hinano island realty llc.
MLS#:721690
Source:HI_HIS

Price summary

  • Price:$4,975,000
  • Price per sq. ft.:$264.49

About this home

Big, Bold, and Beautiful 28-Unit Apartment Complex – Prime Hilo Location!<br><br>Well-maintained and income-producing 28-unit multifamily property just minutes from downtown Hilo and the beach. Two buildings connected by walkways, offering a total of 24 two-bedroom units and 4 one-bedroom units.<br><br>Fully renovated in 2018: Granite countertops, updated flooring, fresh interior/exterior paint.<br>New Roof along with new asphalt for parking.<br><br>The building was fumigated in 2024.<br><br>Strong rental history with annual rental income over $500,000<br><br>Short-term vacation rental potential<br><br>Three stories: First level is covered parking; second and third levels are residential<br><br>On-site laundry facility<br><br>Newer roof and building fumigated in 2024<br><br>Covered parking for all units plus guest parking in front<br><br>Units feature spacious lanais, ideal for relaxing and enjoying island life<br><br>Excellent opportunity for investors looking for stable income with

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Home facts

  • Year built:1973
  • Listing ID #:721690
  • Added:496 day(s) ago
  • Updated:October 06, 2025 at 11:27 AM

Rooms and interior

  • Bedrooms:52
  • Total bathrooms:28
  • Full bathrooms:28
  • Living area:18,810 sq. ft.

Structure and exterior

  • Year built:1973
  • Building area:18,810 sq. ft.
  • Lot area:0.54 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$4,975,000
  • Price per sq. ft.:$264.49
  • Tax amount:$42,847 (2023)
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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