76 Palai St
Hilo, HI 96720
- 5 beds
- 6 baths
- 2,092 sqft
- ~1/2 acre lot
- $381 per sqft
- 1954 build
Nice rental property in Hilo. All units have been renovated and are rented. Three individual and separate rentals with carports. One TMK# makes for easy management. Good tenants, good income. Subdivision possible. Buyer is advised to do their due diligence. Cap rate of 7.68% <br>Renovations on all three units:<br>New roofing & refinished in some areas<br>New countertops, Quartz in unit B<br>New paint, interior and exterior<br>New windows in unit B<br>New bathrooms<br>New flooring<br>New lighting, fans<br>New hardware<br>New faucets<br>New carpentry work throughout<br><br>Fumigation was completed. All units have a separate electric meter installed by HELCO. Rent roll: Unit A $1,832.46 Unit B $2,100 Unit C $1,937.17. Cap Rate 7.68%<br><br>The 3 structures are permitted and were built previously to Hawaii county building code in 1976 and are considered legal non-conforming use which does not need a variance from Hawaii county.
Last checked:
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Last updated Apr 17, 2025
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MLS# 710954 —
The Building
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Year Built:1954
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Roofed Area Units:Square Feet
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Exterior Area Units:Square Feet
Interior
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Living Area:2,092 Sqft
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Living Area Units:Square Feet
Financial & Terms
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Listing Terms:1031 Exchange, Cash, Construction Loan, 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:76 PALAI ST, HILO, HI 96720
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Longitude:-155.06470966
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Latitude:19.67885338
The Property
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Property Type:Residential Income
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Property Sub Type:Triplex
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Zoning:RS-10
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Lot Size Area:20,210 Sqft
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Parcel Number:3220550080000
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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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Structures:true
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Agriculture Dedicated:false
Listing Agent
- Contact info:
- Agent phone:
- (808) 345-2202
- Office phone:
- (808) 345-2202
Taxes
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Tax Annual Amount:$3,705.18
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Tax Lot:3
Beds
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Bedrooms Total:5
Baths
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Bathrooms Full:3
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Bathrooms Half:1
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Bathrooms Total:3
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Bathrooms Total:6
Utilities
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Sewer:Cesspool
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Utilities:Cable Available, Electricity Available, Phone Available
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Internet Access:Cable, DSL
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Solid Waste Disposal:Private Contractor
The Community
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Subdivision Name:Waiakea Highland View Lots
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Association Fee Frequency:Monthly
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Pool:false
Parking
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Parking Features:Assigned, Attached, Covered, Detached
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Garage Area Units:Square Feet
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Carport Area Units:Square Feet
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/15/25
Apr 15, 2025
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Price Changed | HISMLS | $799,000 | -3.6% |
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4/11/25
Apr 11, 2025
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Listed / Active | HISMLS | $829,000 |
