256 Kapiolani St, Hilo, HI 96720

Hilo
Local realty services provided by:Better Homes and Gardens Real Estate Rainbow Island Properties
256 Kapiolani St,Hilo, HI 96720
$3,249,000
  • 30 Beds
  • 15 Baths
  • 9,900 sq. ft.
  • Multi-family
  • Active
Listed by: sherrill a erickson
Office: sherrill a erickson dba hale 414
MLS#:732420
Source:HI_HIS

Price summary

  • Price:$3,249,000
  • Price per sq. ft.:$328.18

About this home

Fantastic Turnkey Multifamily INCOME Property in Hilo Opportunity Zone. An exceptional investment opportunity located near downtown Hilo. This professionally managed 15-unit apartment building features 15 onsite parking stalls and consists entirely of 2-bedroom, 1-bathroom units (approx. 660 sq. ft. each, totaling 9,900 sq. ft. of living area). Tenants enjoy ocean views from the second and third-floor walkways and a newly installed on-site laundry facility. The building has undergone extensive, high-quality capital improvements. All 15 units boast fully remodeled interiors with brand-new flooring, fresh paint, and completely updated bathrooms. The modernized kitchens include new cabinetry, quartz countertops, new refrigerators, stove hoods, and individual water heaters. Major structural and systemic upgrades provide immediate peace of mind for the new owner. All exterior walkways and stairways have been completely rebuilt. Crucial plumbing updates include a newly replaced main sewer...

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Home facts

  • Year built:1973
  • Subdivision & Development:PONAHAWAI
  • Listing ID #:732420
  • Added:48 day(s) ago
  • Updated:October 29, 2026 at 12:14 PM

Rooms and interior

  • Bedrooms:30
  • Total bathrooms:15
  • Full bathrooms:15
  • Flooring:Vinyl
  • Kitchen Description:Range, Refrigerator
  • Living area:9,900 sq. ft.

Structure and exterior

  • Year built:1973
  • Building area:9,900 sq. ft.
  • Lot area:0.36 Acres
  • Lot Features:Cleared

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,249,000
  • Price per sq. ft.:$328.18
  • Tax amount:$7,575 (2026)

Features and amenities

  • Appliances:Dryer, Range, Refrigerator, Washer
  • Laundry features:Common Area, Dryer, Washer

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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