75-195 Ala Onaona St, Kailua, HI 96740

Local realty services provided by:Better Homes and Gardens Real Estate Island Lifestyle
75-195 Ala Onaona St,Kailua-Kona, HI 96740
$1,300,000
  • 4 Beds
  • 4 Baths
  • 3,467 sq. ft.
  • Multi-family
  • Active
Listed by:emil v knysh8087470503
Office:compass
MLS#:725108
Source:HI_HIS

Price summary

  • Price:$1,300,000
  • Price per sq. ft.:$374.96

About this home

INVESTMENT OPPORTUNITY – 6% CAP RATE<br><br>Rare Multi-Building Income Property in the Heart of Kailua-Kona<br><br>Now offered is a unique investment opportunity to acquire two residential buildings situated in the desirable Lono-Kona Subdivision, just a short stroll from Kailua Pier, restaurants, shops, and all the conveniences of Kona town.<br><br>Set back from the buzz of Ali‘i Drive, this private compound features two spacious homes - currently utilized as a 13-bedroom / 6-bath income property, offering excellent rental income and strong occupancy potential. Some ocean views add even more appeal for tenants or future vacation rental potential.<br><br>Zoned RD-3.75 (Double-Family Residential District), this property offers rare zoning flexibility, with a minimum land area requirement of 3,750 SF per dwelling unit. This opens up possibilities for creative long-term or multi-generational rental configurations.<br><br>Highlights include:<br><br>- Property Manager on the site<br>-

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Home facts

  • Year built:1971
  • Listing ID #:725108
  • Added:8 day(s) ago
  • Updated:October 31, 2025 at 11:37 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:3,467 sq. ft.

Structure and exterior

  • Year built:1971
  • Building area:3,467 sq. ft.
  • Lot area:0.17 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,300,000
  • Price per sq. ft.:$374.96
  • Tax amount:$5,777 (2020)
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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