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82 Hoku Street #D, Hilo, HI 96720

Hilo
Local realty services provided by:CENTURY 21 Island Homes
82 Hoku Street #D,Hilo, HI 96720
$495,500
  • 9 Beds
  • 3 Baths
  • 3,900 sq. ft.
  • Single family
  • Active
Listed by: nathalie c mullinix(808) 261-0350
Office: nathalie mullinix r. u., inc.
MLS#:202518347
Source:HI_HBR

Price summary

  • Price:$495,500
  • Price per sq. ft.:$127.05

About this home

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...

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Home facts

  • Year built:1945
  • Listing ID #:202518347
  • Added:202 day(s) ago
  • Updated:February 24, 2026 at 03:06 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Laminate, Vinyl
  • Living area:3,900 sq. ft.

Structure and exterior

  • Year built:1945
  • Building area:3,900 sq. ft.
  • Lot area:0.1 Acres
  • Lot Features:Cleared, Dead End, Level
  • Architectural Style:Multiplex
  • Construction Materials:Single Wall
  • Levels:2 Story

Utilities

  • Water:Public

Finances and disclosures

  • Price:$495,500
  • Price per sq. ft.:$127.05
  • Tax amount:$3,468

Parking

  • Total parking spaces:2
  • Parking description:Carport, Two Car Garage, Two Spaces
  • Garage:Yes
  • Garage spaces:2
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on February 24, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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