75-190 Alakai St, Kailua Kona, HI 96740
Local realty services provided by:Better Homes and Gardens Real Estate Island Lifestyle
75-190 Alakai St,Kailua Kona, HI 96740
$950,000
- 4 Beds
- 5 Baths
- 2,170 sq. ft.
- Multi-family
- Active
Listed by: kurtis s becker, tinei makaiau
Office: coldwell banker island properties - kona
MLS#:731426
Source:HI_HIS
Price summary
- Price:$950,000
- Price per sq. ft.:$437.79
About this home
Investment Opportunity at 75-190 Alakai St. A Multi-Unit Property with Strong Rental Income & Value-Add Potential! Opportunity awaits with this income-producing multi-unit property in the heart of Kailua-Kona. Currently generating $7,250 per month ($87,000 annually) in rental income, this property offers immediate cash flow while providing significant upside for investors, contractors, or owner-occupants looking to increase value through renovations and improvements. The current layout includes: Upper Front Unit: 2 bedroom / 1 bathroom with kitchen and living areaUpper Rear Unit: 1 bedroom / 1 bathroom with kitchen and living areaLower Unit: 1 bedroom / 1 bathroomAdditional Rental Space: Separate room currently rented, plus five storage rooms and an additional bathroom offering flexibility for storage or other potential uses (buyers to conduct their own due diligence regarding permitted use). One of the property's biggest advantages is its generous lot with the potential to create additional off-street parkingan attractive feature that can add convenience and increase long-term value. Conveniently located just minutes from Historic Kailua Village, restaurants, shopping, grocery stores, schools, medical facilities, and the Kona waterfront, the property also offers quick access to Alii Drive, beaches, snorkeling, fishing, and outdoor recreation. Its central location makes it desirable for long-term tenants seeking easy access to employment, services, and everyday amenities. Whether you're looking to renovate and maximize rental income, build equity through improvements, or occupy one unit while generating income from the others, this property offers exceptional flexibility and investment potential in one of Kona's most convenient locations. Bring your vision and unlock the possibilities this rare multi-unit opportunity has to offer....
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Home facts
- Year built:1970
- Subdivision & Development:LONO - KONA SUBDIVISION
- Listing ID #:731426
- Added:46 day(s) ago
- Updated:August 14, 2026 at 12:07 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:5
- Full bathrooms:3
- Flooring:Ceramic Tile, Vinyl
- Living area:2,170 sq. ft.
Structure and exterior
- Year built:1970
- Building area:2,170 sq. ft.
- Lot area:0.18 Acres
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$950,000
- Price per sq. ft.:$437.79
- Tax amount:$7,630 (2025)
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