320 Iliahi St
Hilo, HI 96720
- 6 beds
- 6 baths
- 2,388 sqft
- 11,124 sqft lot
- $502 per sqft
- 1978 build
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!
Last checked:
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Last updated May 11, 2025
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MLS# 720885 —
The Building
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Year Built:1978
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Number Of Units Total:6
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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:2,388 Sqft
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Living Area Units:Square Feet
Financial & Terms
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Listing Terms:1031 Exchange, 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:320 ILIAHI ST, HILO, HI 96720
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Longitude:-155.0902624
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Latitude:19.729759
The Property
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Property Type:Residential Income
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Property Sub Type:Four Or More Units
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Zoning:RM-1
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Lot Size Area:11,124 Sqft
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Parcel Number:3260040110000
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Roads:County, Curbs/Gutters, Paved
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Elevation Units:Feet
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Flood Zone:X
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Lava Zone:8
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Waterfront:false
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Structures:true
Listing Agent
- Contact info:
- Agent phone:
- (808) 936-1877
- Office phone:
- (808) 969-9400
Taxes
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Tax Year:2024
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Tax Annual Amount:$4,778.28
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Tax Lot:14
Beds
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Bedrooms Total:6
Baths
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Bathrooms Full:6
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Bathrooms Total:6
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Bathrooms Total:6
Utilities
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Utilities:Electricity Available, Sewer Connected
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Internet Access:Cable, DSL
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Solid Waste Disposal:None
The Community
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Subdivision Name:Puueo Lots
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Association Fee Frequency:Monthly
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Pool:false
Parking
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Parking Features:Unassigned
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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 |
|---|---|---|---|---|
|
5/11/25
May 11, 2025
|
Listed / Active | HISMLS | $1,200,000 |
