$395,000

82 Hoku Street D, Hilo, HI 96720

  • 9 beds |
  • 3 baths |
  • 3,900 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1945
  • Property Lot Size Icon4,312acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $101/sqft
  • Property List Date Icon Listed 8 months ago

Property Description

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 seeking high NOI and rent per square foot • Flexible layout suited for shared housing, workforce rentals, or multi-family use

Listing Status:
Active
Date Added:
August 26, 2025
Data Last Updated:
May 20, 2026 at 3:22AM
Listing Office:
Nathalie Mullinix R. U., Inc. : (808) 261-0350
MLS ID:
202518347
  • Flooring: LaminateVinyl
  • Style: Multiplex
  • Pool: None
  • Parking: CarportTwo Car GarageTwo SpacesParking spaces: 2
  • General: Single Wall2
  • Originating MLS: HICMLS
  • County: Hawaii
  • Topography: Level
  • Zoning: 3-2-2-016-033-0000
  • View: None
  • Utilities: Above Ground UtilitiesElectricity AvailableWater Available
  • Water: Public
  • Source: HICMLS

This listing courtesy of Nathalie Mullinix R. U., Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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