1940 Kaumana Dr, Hilo, HI 96720

Hilo
Local realty services provided by:Better Homes and Gardens Real Estate Rainbow Island Properties
1940 Kaumana Dr,Hilo, HI 96720
$850,000
  • 9 Beds
  • 4 Baths
  • 3,194 sq. ft.
  • Single family
  • Active
Listed by: evan b rock
Office: rock realty llc.
MLS#:731095
Source:HI_HIS

Price summary

  • Price:$850,000
  • Price per sq. ft.:$266.12

About this home

Rare Multi-Unit Income Opportunity in the Heart of Hilo Versatile three-unit property on a generous 22,500 sf RS-10 lot with potential for subdivision. The front duplex offers two spacious 3-bedroom/1-bath units, one upstairs and one downstairs, while a detached 3-bedroom/2-bath home sits privately at the rear. In total, approximately 3,200 sf of rentable living area, plus a centrally located 3-car garage. Each building has its own separate water and electric meters, making multi-tenant management simple. Two units are currently tenant-occupied and generating income. The vacant back house is ready for an owner-occupant or a new tenant, offering immediate flexibility and strong upside as units turn. Additional value-add potential: the seller obtained carport permits for the front and rear of the property (not yet built; may still be valid) and previously explored subdividing the lot with separate access off Pala Lane. RS-10 zoning may allow subdivision. Buyer to verify with the County...

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Home facts

  • Year built:1950
  • Subdivision & Development:KAUMANA HOUSELOTS
  • Listing ID #:731095
  • Added:52 day(s) ago
  • Updated:August 01, 2026 at 11:39 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Carpet
  • Living area:3,194 sq. ft.

Structure and exterior

  • Year built:1950
  • Building area:3,194 sq. ft.
  • Lot area:0.52 Acres
  • Lot Features:Cul-De-Sac, Rocky

Utilities

  • Sewer:Cesspool

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$266.12
  • Tax amount:$6,385 (2025)

Parking

  • Parking description:Unassigned
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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