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75-195 Ala Onaona St, Kailua-Kona, HI 96740

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For Sale

$1,300,000

4 beds • 4 baths • 3,467 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $374.96
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

INVESTMENT OPPORTUNITY - 6% CAP RATE Rare Multi-Building Income Property in the Heart of Kailua-Kona 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. 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. 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 rentals or multi-generational configurations. Highlights include: - Property Manager on the site - County sewer connection - New exterior and interior paint - New paint on the roof - Walking distance to dining, retail, beaches, and the harbor - Minutes to Lanihau Center with full-service grocery, restaurants, bowling, post office, salon & more. Ideal for ocean sports enthusiasts - kayaking, sunset sails, all nearby Rare zoning + multiple units + income = excellent long-term value This is a must-see opportunity for savvy investors seeking a well-located, high-yield property in one of Kona's most vibrant and walkable neighborhoods. Act quickly - this prime investment won't last long!
MLS# 725108

Courtesy Of Compass

(808) 378-5447

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Cable Ready
  • Appliances
    Microwave, Refrigerator
  • Floor Covering
    Carpet
  • Lot Size
    0.17 Acres

Map and Directions

Directions to 75-195 Ala Onaona St, Kailua-Kona, HI 96740

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.