55 492 Ilina Rd
Hawi, HI 96719
- 5 beds
- 5 baths
- 2,127 sqft
- ~1/2 acre lot
- $516 per sqft
- 1938 build
Charming Plantation Home in Hawi – Multi-Unit Investment Opportunity<br><br>Seller financing may be available with 50% to 60% down, subject to buyer qualifications.<br><br>Location, location, location! Just a five-minute walk from downtown Hawi’s restaurants, shopping, and services, this beautifully remodeled Plantation home offers versatile living options with four self-contained units. Thoughtfully designed for comfort and functionality, the property embodies the charm of North Kohala’s Plantation era, with tasteful finishes that capture the essence of old Hawaii.<br><br>Surrounded by mature fruit trees and lush landscaping, the home provides a tranquil and picturesque setting. The main house has been reconfigured into three separate units. The upstairs 2-bedroom, 1.5-bath features granite kitchen counters, stainless steel appliances, Kohler bath fixtures, and ceiling fans throughout, offering excellent airflow and captivating views. The ground-floor 1-bedroom, 1-bath unit boasts an eat-in kitchen and abundant natural light with serene garden views. At the back, an efficient 1-bedroom, 1-bath apartment provides a cozy, low-maintenance living space.<br><br>Additionally, the detached back cottage was remodeled in 2018 with a new roof structure, corrugated metal roofing, and significant kitchen and bath upgrades. With a 6.5% cap rate, this property presents an excellent investment opportunity in the heart of Hawi.
Last checked:
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Last updated Apr 17, 2025
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MLS# 713845 —
This home is listed in more than one place. See it here, and here.
The Building
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Year Built:1938
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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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Living Area:2,127 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:North Kohala
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Unparsed Address:55-492 ILINA RD, HAWI, HI 96719
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Longitude:-155.83590631
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Latitude:20.23952802
The Property
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Property Type:Residential
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Property Sub Type:Single Family Residence
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Property Attached:false
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Zoning:RS-15
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Lot Size Area:21,572 Sqft
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Parcel Number:3550110480000
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Roads:Paved
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Elevation Units:Feet
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Flood Zone:X
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Lava Zone:9
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Waterfront:false
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Structures:true
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Agriculture Dedicated:false
Listing Agent
- Contact info:
- Agent phone:
- (808) 221-0557
- Office phone:
- (808) 221-0557
Taxes
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Tax Year:2024
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Tax Annual Amount:$2,462.71
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Tax Lot:18-B
Beds
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Bedrooms Total:5
Baths
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Bathrooms Full:4
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Bathrooms Half:1
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Bathrooms Total:4
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Bathrooms Total:5
Utilities
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Sewer:Other
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Utilities:Electricity Available, Other
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Water Source:Other
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Solid Waste Disposal:Other (remarks)
The Community
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Subdivision Name:Kahei Houselots
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Association Fee Frequency:Monthly
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Pool:false
Parking
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Parking Features:Other
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Garage Area Units:Square Feet
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Carport Area Units:Square Feet
Monthly cost estimate

Asking price
$1,098,000
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. |
$5,879
|
Taxes | $205 |
Insurance | $301 |
Utilities | $415 See report |
Total | $6,800/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 |
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4/11/25
Apr 11, 2025
|
Listed / Active | HISMLS | $1,098,000 |