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320 Iliahi St, Hilo, HI 96720

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For Sale

$1,200,000

6 beds • 6 baths • 2,388 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • $502.51
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Great multifamily rental property with upside potential. Six 1 bedroom unit, fee simple single story apartment building on 1/4 acre lot, connected to sewer. Lava zone 8, just North of Hilo.<br><br>All 6 units are furnished, one is currently vacant for viewing. Each unit has it's own electric meter and hot water heater. 7 parking spaces with additional street parking available. Roof is approx 20 years old. Just a few minutes walk to downtown Hilo with restaurants, shopping, schools and more.<br><br>Current rents: 3 units @ $1,800, 1 unit @ $1,600, 1 unit @ $1,400. All leases are Month-To=Month; all tenants & leases will remain in place through closing.<br><br>Gross income: 2024 $91.5k, 2023 $82k, 2022 $84k.<br><br>Property tax $4,779/year; <br>insurance approx $3k/year; <br>water approx $1,200k/year; <br>sewer approx $1,800/year; <br>common area electric approx $150/month.<br><br>Shower stalls, carpets and drapes all replaced/repaired in 2023. DSL internet and cable TV connected, owner currently pays these expenses in addition to electricity. Coin op washer & dryer on site.<br><br>Don't miss out on this investment opportunity!
MLS# 720885

Courtesy Of Hilo Brokers, Ltd.

(808) 969-9400

Property Features

  • Age
    41-50 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.25 Acres

Map and Directions

Directions to 320 Iliahi St, Hilo, HI 96720

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(808) 935-7119
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Mortgage Calculator

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Monthly Payment Breakdown

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

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Copyright © 2025 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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 being provided is 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.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† 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.

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