230 Kapiolani St, Hilo, HI 96720

Hilo
Local realty services provided by:Better Homes and Gardens Real Estate Island Lifestyle
230 Kapiolani St,Hilo, HI 96720
$5,688,000
  • 24 Beds
  • 24 Baths
  • 17,868 sq. ft.
  • Multi-family
  • Active
Listed by: ashley clagstone
Office: coldwell banker realty
MLS#:732045
Source:HI_HIS

Price summary

  • Price:$5,688,000
  • Price per sq. ft.:$318.33

About this home

This exceptional property offers 24 fully renovated apartment units — twenty-one 2-bedroom and three 3-bedroom units — in the heart of Hilo. The building underwent a comprehensive $952,000 gut renovation in 2025, inside every unit, including new luxury vinyl plank flooring, new high-end cabinets, granite countertops, sinks and faucets, all new stainless steel refrigerators, stoves and range hoods, updated bathrooms with new vanities and lighting, new ceiling fans in all bedrooms and living rooms, and fresh interior paint throughout. The property is 100% leased with professional management in place and includes 28 on-site parking stalls. Located in downtown Hilo — the county seat and regional hub for UH Hilo, healthcare, and government employment — supporting deep, stable rental demand. A recent condo conversion at a comparable Hilo building validates an embedded condo-conversion exit as additional upside. This is a trophy, renovated asset in a submarket where fully stabilized...

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Home facts

  • Year built:1973
  • Subdivision & Development:PONAHAWAI
  • Listing ID #:732045
  • Added:15 day(s) ago
  • Updated:August 01, 2026 at 11:39 AM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:24
  • Full bathrooms:24
  • Kitchen Description:Oven, Range Hood
  • Living area:17,868 sq. ft.

Structure and exterior

  • Year built:1973
  • Building area:17,868 sq. ft.
  • Lot area:0.56 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$5,688,000
  • Price per sq. ft.:$318.33
  • Tax amount:$8,785 (2026)

Features and amenities

  • Appliances:Oven, Range Hood

Parking

  • Parking description:Assigned
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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