82-D Hoku St, Hilo, HI 96720

Local realty services provided by:Better Homes and Gardens Real Estate Rainbow Island Properties
82-D Hoku St,Hilo, HI 96720
$495,500
  • 9 Beds
  • 3 Baths
  • 3,900 sq. ft.
  • Multi-family
  • Active
Listed by: nathalie c mullinix8083274466
Office: nathalie mullinix realty universal, inc.
MLS#:723448
Source:HI_HIS

Price summary

  • Price:$495,500
  • Price per sq. ft.:$127.05

About this home

High-Cash-Flow Investment in Downtown Hilo –Now $495,500 Hoku Street,Hilo,HI 96720 This Downtown Hilo property offers strong income and even higher potential through room-by-room rentals. Homes rented by the room typically earn significantly more monthly income, provide more stable cash flow, and generate higher long-term returns. With 9 rentable rooms, 3 bathrooms, and 2 full kitchens (upstairs and downstairs), the property is already producing solid revenue and can be improved further. Income & ROI: • Current gross income: $70,000–$80,000+ per year • At $495,500 — gross ROI of 13.1% at $70K/year or 15% at $80K/year • Opportunity to increase ROI through optimized room-by-room rentals • Additional tax benefits from depreciation and write-offs • Multi-tenant setup reduces vacancy risk and enhances income stability Why Room-by-Room Works Well Here: • Higher total income than whole-house rentals • Strong demand from students, workers, and medical professionals • Ideal for investors

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Home facts

  • Year built:1945
  • Listing ID #:723448
  • Added:181 day(s) ago
  • Updated:February 24, 2026 at 05:29 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:3,900 sq. ft.

Structure and exterior

  • Year built:1945
  • Building area:3,900 sq. ft.
  • Lot area:0.1 Acres

Utilities

  • Water:Public, Water Available

Finances and disclosures

  • Price:$495,500
  • Price per sq. ft.:$127.05
  • Tax amount:$3,462 (2025)
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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