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1365 Kalanianaole St

Hilo, HI 96720

52 beds
28 baths
18,810 sqft
~1/2 acre lot
$264 per sqft
1973 build

Big, Bold, and Beautiful 28-Unit Apartment Complex – Prime Hilo Location! Well-maintained and income-producing 28-unit multifamily property just minutes from downtown Hilo and the beach. Two buildings connected by walkways, offering a total of 24 two-bedroom units and 4 one-bedroom units. Fully renovated in 2018: Granite countertops, updated flooring, fresh interior/exterior paint. New Roof along with new asphalt for parking. The building was fumigated in 2024. Strong rental history with annual rental income over $500,000 Short-term vacation rental potential Three stories: First level is covered parking; second and third levels are residential On-site laundry facility Newer roof and building fumigated in 2024 Covered parking for all units plus guest parking in front Units feature spacious lanais, ideal for relaxing and enjoying island life Excellent opportunity for investors looking for stable income with upside potential in a highly desirable area. Steps from Hilo’s beaches, dining, and shopping.

Listing courtesy of HISMLS / Hinano Island Realty LLC

Last checked: Checking… • Last updated Jun 8, 2025 •

MLS# 721690 —

The Building

Year Built:

1973
Number Of Units Total:

28
Roofed Area Units:

Square Feet
Exterior Area Units:

Square Feet

Interior

Living Area:

18,810 Sqft
Living Area Units:

Square Feet

Financial & Terms

Listing Terms:

1031 Exchange, Cash, Conventional
Ownership:

Full
Land Tenure:

Fee Simple

Location

Region:

South Hilo
Unparsed Address:

1365 KALANIANAOLE ST, HILO, HI 96720
Longitude:

-155.0402
Latitude:

19.73473357

The Property

Property Type:

Residential Income
Property Sub Type:

Four Or More Units
Zoning:

V-.75
Lot Features:

Cleared
Lot Size Area:

23,462 Sqft
Parcel Number:

3210140030000
Roads:

County, Paved
Fencing:

Chain Link
Elevation Units:

Feet
Flood Zone:

VE
Lava Zone:

3
Waterfront:

false
Structures:

true
Agriculture Dedicated:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

$42,846.57
Tax Lot:

6

Beds

Bedrooms Total:

52

Baths

Bathrooms Full:

28
Bathrooms Total:

28
Bathrooms Total:

28

Utilities

Utilities:

Electricity Available, Phone Available, Sewer Connected
Solid Waste Disposal:

County-Charge

The Community

Subdivision Name:

Keokea Houselots
Association Fee Frequency:

Monthly
Pool:

false

Parking

Parking Features:

Attached, Covered
Garage Area Units:

Square Feet
Carport Area Units:

Square Feet

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
6/7/25 Jun 7, 2025	Listed / Active	HISMLS	$4,975,000	52.4% (7.7% / YR)
8/31/18 Aug 31, 2018		HISMLS	$3,264,000

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This multifamily located in South Hilo, Hilo 96720 is currently for sale for $4,975,000. 1365 Kalanianaole St is a 18,810 square foot multifamily with 52 beds and 28 baths. 1365 Kalanianaole St is in the South Hilo neighborhood of Hilo and has a WalkScore® of 11, making it car-dependent. This multifamily is in the attendance area of Hilo Intermediate School, Hilo High School, and Keaukaha Elementary School.

Listing Courtesy of: HISMLS and Hinano Island Realty LLC.

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