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230 Kapiolani Street, Hilo, HI 96720

Hilo
Local realty services provided by:CENTURY 21 Island Homes
230 Kapiolani Street,Hilo, HI 96720
$5,688,000
  • - Beds
  • - Baths
  • 17,868 sq. ft.
  • Multi-family
  • Active
Listed by: michael m okamoto
Office: standard management llc.
MLS#:202613702
Source:HI_HBR

Price summary

  • Price:$5,688,000
  • Price per sq. ft.:$318.33

About this home

This exceptional property offers 24 fully renovated apartment units — twenty-one 2-bedroom and three 3-bedroom units — in the heart of Hilo. The building underwent a comprehensive $952,000 gut renovation in 2025, inside every unit, including new luxury vinyl plank flooring, new high-end cabinets, granite countertops, sinks and faucets, all new stainless steel refrigerators, stoves and range hoods, updated bathrooms with new vanities and lighting, new ceiling fans in all bedrooms and living rooms, and fresh interior paint throughout. The property is 100% leased with professional management in place and includes 28 on-site parking stalls. Located in downtown Hilo — the county seat and regional hub for UH Hilo, healthcare, and government employment — supporting deep, stable rental demand. A recent condo conversion at a comparable Hilo building validates an embedded condo-conversion exit as additional upside. This is a trophy, renovated asset in a submarket where fully stabilized...

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Home facts

  • Year built:1973
  • Listing ID #:202613702
  • Added:12 day(s) ago
  • Updated:July 29, 2026 at 12:26 PM

Rooms and interior

  • Living area:17,868 sq. ft.

Structure and exterior

  • Year built:1973
  • Building area:17,868 sq. ft.
  • Lot area:0.56 Acres
  • Lot Features:Cleared
  • Construction Materials:Masonry, Stucco, Wood Frame
  • Levels:Three or More

Schools

  • High school:Hilo
  • Middle school:Hilo
  • Elementary school:Kapiolani

Utilities

  • Water:Public
  • Sewer:Connected

Finances and disclosures

  • Price:$5,688,000
  • Price per sq. ft.:$318.33
  • Tax amount:$8,748

Parking

  • Total parking spaces:28
  • Parking description:Assigned
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on July 29, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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