127 Kanoelani St Unit 1
Hilo, HI 96720
- 7 beds
- 4 baths
- 5,746 sqft
- ~1/2 acre lot
- $199 per sqft
- 1951 build
Prime Multi-Unit Property with Income Potential & Owner-Occupant Opportunity<br><br>This exceptional multi-unit property, located on a spacious 26,640 sq ft lot with two private driveways, offers a unique opportunity for both investment and owner-occupancy. Recently remodeled and move-in ready, the layout ensures privacy for all units while maximizing rental income potential.<br><br>Front Home: Features three units:<br><br>Main Unit: A 3-bedroom, 2-bathroom home with generous living space, a large lanai, and a 2-car carport.<br>Upstairs Unit: A 1-bedroom, 1-bathroom unit with a kitchen, private access, exterior lanai, and 2-car carport.<br>Downstairs Unit: A 1-bedroom, 1-bathroom unit with its own carport, ideal for small households. All three units are occupied, generating reliable rental income.<br>Back Home: A spacious 4-bedroom, 2-bathroom home with a carport, currently vacant, offers an ideal opportunity for owner-occupancy. The back home also includes a 1-bedroom, 1-bathroom unit, which is being leased for additional rental income.<br><br>While distant ocean views from the back lanai enhance the peaceful atmosphere, the true value of this property lies in its versatility. The large lot offers ample space for landscaping, gardening, and additional privacy.<br><br>Whether you choose to live in the back home while collecting income from the front units or lease all units for maximum cash flow, this property offers long-term financial potential. A rare opportunity to invest in both a tranquil residence and a profitable rental property.<br><br>E Komo Mai (Welcome and Come on by)<br>The information herein, while deemed reliable, may contain inaccuracies or be incorrect & is provided without warranty or guarantee of any kind. Buyer & buyer's agent to perform due diligence and investigate & confirm all pertinent & material facts. Sold As-Is. There are no guarantees or warranties
Last checked:
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Last updated Apr 15, 2025
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MLS# 712511 —
The Building
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Year Built:1951
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Design:Wood Frame
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Unit Number:1
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Roofed Area Units:Square Feet
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Exterior Area Units:Square Feet
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Ohana Adu Permitted:true
Interior
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Flooring:Carpet, Ceramic Tile, Hardwood, Vinyl
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Levels:Two
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Living Area:5,746 Sqft
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Living Area Units:Square Feet
Financial & Terms
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Listing Terms:Cash, Conventional
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Ownership:Full
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Land Tenure:Fee Simple
Location
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Region:South Hilo
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Unparsed Address:127 KANOELANI ST, #1, HILO, HI 96720
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Longitude:-155.07921647
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Latitude:19.6905565
The Property
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Property Type:Residential
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Zoning:RS-15
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Lot Features:Grassy, See Remarks
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Lot Size Area:26,640 Sqft
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Parcel Number:3240140520000
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Roads:County
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Elevation Units:Feet
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Flood Zone:X
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Lava Zone:3
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Waterfront:false
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Exterior Area:2212
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Agriculture Dedicated:false
Listing Agent
- Contact info:
- Agent phone:
- (808) 936-3297
- Office phone:
- (808) 936-3297
Taxes
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Tax Year:2023
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Tax Annual Amount:$11,508.48
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Tax Lot:10
Beds
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Bedrooms Total:7
Baths
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Bathrooms Full:4
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Bathrooms Total:4
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Bathrooms Total:4
The Listing
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Virtual Tour URL:
Utilities
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Sewer:Cesspool
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Utilities:Electricity Available
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Water Heater:Gas
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Solid Waste Disposal:None
Appliances
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Appliances:Disposal, Dryer, Range, Range Hood, Refrigerator, Washer
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Washer Dryer Type:Dryer, Washer
The Community
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Subdivision Name:Waiakea Homesteads 1 St Series
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Association Fee Frequency:Monthly
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Pool:false
Parking
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Parking Features:Attached, None
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Garage Area Units:Square Feet
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Carport Spaces:1409.0
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Carport Area:460 Sqft
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Carport Area Units:Square Feet
Monthly cost estimate
Asking price
$1,145,500
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$6,133
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| Taxes | $959 |
| Insurance | $315 |
| Utilities | $699 See report |
| Total | $8,106/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/11/25
Apr 11, 2025
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Listed / Active | HISMLS | $1,145,500 |
