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127 Kanoelani St , #1

Hilo, HI 96720
  • $1,145,500
  • STATUS: Active
  • ON SITE: 189 Days
  • MLS #: 712511
UPDATED: 35 min ago
$1,145,500
  • 7
    BEDS
  • 0.61
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 5,746
    SQFT
  • $199
    $/SQFT
Type:
Single-Family Home
Built:
1951
Area:

School Ratings & Info

Description

Prime Multi-Unit Property with Income Potential & Owner-Occupant OpportunityThis exceptional multi-unit property, located on a spacious 26,640 sq ft lot with two private driveways, offers a unique opportunity for both investment and owner-occupancy. Recently remodeled and move-in ready, the layout ensures privacy for all units while maximizing rental income potential.Front Home: Features three units:Main Unit: A 3-bedroom, 2-bathroom home with generous living space, a large lanai, and a 2-car carport.Upstairs Unit: A 1-bedroom, 1-bathroom unit with a kitchen, private access, exterior lanai, and 2-car carport.Downstairs Unit: A 1-bedroom, 1-bathroom unit with its own carport, ideal for small households. All three units are occupied, generating reliable rental income.Back Home: A spacious 4-bedroom, 2-bathroom home with a carport, currently vacant, offers an ideal opportunity for owner-occupancy. The back home also includes a 1-bedroom, 1-bathroom unit, which is being leased for additional rental income.While distant ocean views from the back lanai enhance the peaceful atmosphere, the true value of this property lies in its versatility. The large lot offers ample space for landscaping, gardening, and additional privacy.Whether you choose to live in the back home while collecting income from the front units or lease all units for maximum cash flow, this property offers long-term financial potential. A rare opportunity to invest in both a tranquil residence and a profitable rental property.E Komo Mai (Welcome and Come on by)The information herein, while deemed reliable, may contain inaccuracies or be incorrect & is provided without warranty or guarantee of any kind. Buyer & buyer's agent to perform due diligence and investigate & confirm all pertinent & material facts. Sold As-Is. There are no guarantees or warranties

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© 2025 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aloha Kona Realty, Inc.. Data last updated: 2025-07-13T12:35:22.873.
www.alohakonarealty.com/homes/159192300
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127 Kanoelani St , #1 Hilo, HI 96720

  • Price: $1,145,500
  • Status: Active
  • On Site: 189 Days
  • Updated: 35 min ago
  • MLS #: 712511
7
Beds
4
Baths
0
½ Baths
0.61
Acres
5,746
SQFT
$199
$/SQFT
1951
Built
Neighborhood:
Waiakea Homesteads 1st Series
Area:
South Hilo
Property Description
Prime Multi-Unit Property with Income Potential & Owner-Occupant OpportunityThis exceptional multi-unit property, located on a spacious 26,640 sq ft lot with two private driveways, offers a unique opportunity for both investment and owner-occupancy. Recently remodeled and move-in ready, the layout ensures privacy for all units while maximizing rental income potential.Front Home: Features three units:Main Unit: A 3-bedroom, 2-bathroom home with generous living space, a large lanai, and a 2-car carport.Upstairs Unit: A 1-bedroom, 1-bathroom unit with a kitchen, private access, exterior lanai, and 2-car carport.Downstairs Unit: A 1-bedroom, 1-bathroom unit with its own carport, ideal for small households. All three units are occupied, generating reliable rental income.Back Home: A spacious 4-bedroom, 2-bathroom home with a carport, currently vacant, offers an ideal opportunity for owner-occupancy. The back home also includes a 1-bedroom, 1-bathroom unit, which is being leased for additional rental income.While distant ocean views from the back lanai enhance the peaceful atmosphere, the true value of this property lies in its versatility. The large lot offers ample space for landscaping, gardening, and additional privacy.Whether you choose to live in the back home while collecting income from the front units or lease all units for maximum cash flow, this property offers long-term financial potential. A rare opportunity to invest in both a tranquil residence and a profitable rental property.E Komo Mai (Welcome and Come on by)The information herein, while deemed reliable, may contain inaccuracies or be incorrect & is provided without warranty or guarantee of any kind. Buyer & buyer's agent to perform due diligence and investigate & confirm all pertinent & material facts. Sold As-Is. There are no guarantees or warranties
Exterior Features

Carport Area 460 Carport Area Units Square Feet Carport Spaces 1409 Design Wood Frame Exterior Area 2212 Exterior Area Units Square Feet Garage Area Units Square Feet Parking Features AttachedNone Pool YN No Roofed Area Units Square Feet

Interior Features

Appliances DisposalDryerRangeRange HoodRefrigeratorWasher Bathrooms One Quarter 0 Bathrooms Three Quarter 0 Flooring CarpetCeramic TileHardwoodVinyl Levels Two Washer Dryer Type DryerWasher Water Heater Gas

Property Features

Agriculture Dedicated YN No Association Fee 0 Association Fee Frequency Monthly Common Interest None Elevation Units Feet Flood Zone X In Use As Short Term Vacation Rental YN No Land Tenure Fee Simple Lava Zone 3 Listing Terms CashConventional Lot Features GrassySee Remarks Other Building Area Units Square Feet Ownership Full Roads County Sewer Cesspool Solid Waste Disposal None Special Listing Conditions Fee SimpleStandard Tax Annual Amount 11508.48 Tax Key 324014052 Tax Year 2023 Total Monthly Fees 0 Utilities Electricity Available Waterfront YN No Zoning RS-15

Listing information © 2025 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Hara Chun Realty, LLC.


© 2025 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aloha Kona Realty, Inc.. Data last updated: 2025-07-13T12:35:22.873.
 
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