82 Hoku Street Unit D, Hilo, HI 96720
- $365,000
- 9
- BD
- 3
- BA
- 3,900
- SqFt
- List Price
- $365,000
- MLS #
- 202518347
- Price Change
- ▼ $30,000 1782613206
- Days on Market
- 335
- Status
- ACTIVE UNDER CONTRACT
- Type
- Single Family Residential
- Bedrooms
- 9
- Full Baths
- 3
- Living Area
- 3,900
- Land Area
- 4,312
- Land Tenure
- FS - Fee Simple
- Neighborhood
- Hilo
- Subdivision
- Hilo
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
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Additional Information
- Island
- Big Island
- Utilities
- Above Ground Utilities, Electricity Available, Water Available
- View
- None
- Lot Size
- 4,312
- Construction Materials
- Single Wall
- Pool Features
- None
- Neighborhood
- Hilo
- Year Built
- 1945
- Garage Spaces
- 2
- Inclusions
- None
- Parking Features
- Carport, Two Car Garage, Two Spaces
- Lot Features
- Cleared, Dead End, Level
- Unit
- D
- Style
- Multiplex
- Stories
- 2
- Assessed Total
- 311900
- Water
- Public
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Listing courtesy of Nathalie Mullinix R. U., Inc..
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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