Big Island Real Estate | Big Island Multi-Family Homes for Sale

30 Beds ⋅ 15 Baths ⋅ 732420 MLS ⋅ ['Fee Simple'] Tenure

Fantastic Turnkey Multifamily INCOME Property in Hilo Opportunity Zone. An exceptional investment opportunity located near downtown Hilo. This professionally managed 15-unit apartment building features 15 onsite parking stalls and consists entirely of 2-bedroom, 1-bathroom units (approx. 660 sq. ft. each, totaling 9,900 sq. ft. of living area). Tenants enjoy ocean views from the second and third-floor walkways and a newly installed on-site laundry facility. The building has undergone extensive, high-quality capital improvements. All 15 units boast fully remodeled interiors with brand-new flooring, fresh paint, and completely updated bathrooms. The modernized kitchens include new cabinetry, quartz countertops, new refrigerators, stove hoods, and individual water heaters. Major structural and systemic upgrades provide immediate peace of mind for the new owner. All exterior walkways and stairways have been completely rebuilt. Crucial plumbing updates include a newly replaced main sewer line to the County road and new under-slab main floor sewer lines. Located in a highly desirable Opportunity Zone, this turnkey asset is perfectly positioned for a seamless transition. NDA required to review financials.

256 Kapiolani St, HILO

Listing courtesy of Sherrill A Erickson dba HALE 414.

$3,995,000

27 Beds ⋅ 13 Baths ⋅ 732866 MLS ⋅ ['Fee Simple'] Tenure

This multi-unit property, located off Papalina Road in a desirable Kalaheo neighborhood on the southwest side of Kauai, presents a unique opportunity to acquire an R4/Form-Based Code-zoned 1.61-acre parcel. The property consists of 10 free-standing dwellings of varying ages, conditions, and sizes. It offers strong potential for ongoing income generation, redevelopment, renovation, CPR (Condominium Property Regime) conversion, and the possible addition of more dwellings. The parcel consists of approximately 70,303 square feet, with moderate sloped topography and approximately 467 feet of road frontage, providing excellent access and flexibility for site planning and future development. Important Notes for Prospective Buyers: - If you drive by the property, DRIVE SLOWLY - 5 mph. Do not enter the property or disturb the tenants. - No showings will be allowed until a bona fide offer is conditionally accepted. Additional information is available. - All tenants are in long-term leases. - Commercial lending is available through various resources. Some of the Trust's beneficiaries live on the property and have a right of first refusal to purchase the property.

2521 Texeira Lp, KALAHEO

Listing courtesy of Ohana Homes LLC.

$1,200,000

6 Beds ⋅ 3 Baths ⋅ 732085 MLS ⋅ ['Fee Simple'] Tenure

Permitted multi-unit opportunity in a convenient location close to Kailua-Kona, Ellison Onizuka Kona International Airport, and Waikoloa. This legal duplex offers exceptional flexibility for investors or owner-occupants, featuring two electric meters, separate washer and dryer hookups, generous locked storage for each unit, and ample on-site parking. The exterior was recently painted, and the roof was replaced approximately 2005-2006. Both units are spacious and offer excellent privacy. The upstairs unit is accessed via newly constructed stairs and a covered porch landing. It features 3 bedrooms, 2 bathrooms, a large covered lanai with ocean and coastline views, and a kitchen appointed with beautiful custom African mahogany cabinetry and a Sub-Zero refrigerator. The primary suite includes a walk-in closet, ensuite bathroom, and direct access to the lanai, which spans nearly the entire length of the home. The downstairs unit is accessed through the covered carport and offers 3 bedrooms, 1 bathroom, a spacious living area, and a functional layout ideal for long-term tenants, multi-generational living, or guests. Sliding doors open to a private backyard patio with a concrete lanai, creating an inviting outdoor living space. The spacious yard features a mature avocado tree and offers plenty of room for gardening, entertaining, grilling, a dog run, or creating your own outdoor oasis. The front and rear yards are separately fenced, providing added privacy and flexibility, while attractive rock walls border much of the property. Seller holds an inactive Hawaii real estate license.

73-1145 Loloa Dr, KAILUA KONA

Listing courtesy of Livingston Realty.

$1,300,000

4 Beds ⋅ 4 Baths ⋅ 732306 MLS ⋅ ['Fee Simple'] Tenure

Rarely available four-unit income property located at the top of Sea View Circle in Kona Sea View Lots. This well-maintained multi-family property offers approximately 3,344 sq ft of interior living space on a generous 8,202 sq ft lot, with ocean views from each unit. Built in 1991, the property features four separate units totaling 4 bedrooms and 4 bathrooms, making it an excellent opportunity for investors seeking stable rental income or an owner-occupant looking to offset living costs. Key features include: • Brand new roof • Separately metered electricity for each unit • One assigned parking stall per unit • Tenant occupied with established rental income • Shared laundry facility • Additional storage space assigned to each unit Ideally positioned near the top of the subdivision, the property enjoys cooler elevation, ocean views, and convenient access to Kailua-Kona town, shopping, dining, and the main highway. Whether you are expanding your Hawai‘i real estate portfolio or seeking a multi-unit investment with built-in income, this property presents a compelling opportunity in one of Kona’s most desirable areas.

77-6573 Sea View Circle, KAILUA KONA

Listing courtesy of Hawaii Development Group.

$5,688,000

24 Beds ⋅ 24 Baths ⋅ 732045 MLS ⋅ ['Fee Simple'] Tenure ⋅ City View BLDG.

This exceptional property offers 24 fully renovated apartment units — twenty-one 2-bedroom and three 3-bedroom units — in the heart of Hilo. The building underwent a comprehensive $952,000 gut renovation in 2025, inside every unit, including new luxury vinyl plank flooring, new high-end cabinets, granite countertops, sinks and faucets, all new stainless steel refrigerators, stoves and range hoods, updated bathrooms with new vanities and lighting, new ceiling fans in all bedrooms and living rooms, and fresh interior paint throughout. The property is 100% leased with professional management in place and includes 28 on-site parking stalls. Located in downtown Hilo — the county seat and regional hub for UH Hilo, healthcare, and government employment — supporting deep, stable rental demand. A recent condo conversion at a comparable Hilo building validates an embedded condo-conversion exit as additional upside. This is a trophy, renovated asset in a submarket where fully stabilized investment properties are rarely available for sale and is truly "turnkey" for a buyer. 5.5% cap rate on stabilized income!

230 Kapiolani St, HILO

Listing courtesy of Coldwell Banker Realty.

$750,000

4 Beds ⋅ 6 Baths ⋅ 731329 MLS ⋅ ['Fee Simple'] Tenure

Experience the best of Big Island living on this spacious beautifully landscaped property. The expansive yard, mature tropical surroundings, and charming rock walls create a welcoming island atmosphere. With generous indoor and outdoor living spaces there's plenty of room for entertaining, extended family, or simply enjoying the peaceful surroundings. Located in a desirable community with easy access to nearby schools and shopping. The property, a little over half an acre, combines comfort, functionality, and island charm. Building 1: Unpermitted porch enclosed and attached to main home is built in a workmanlike manner and consistent for the neighborhood. Main area, 1948 sqft, is uninhabitable and unmaintained. Not ready to go and repairs need to be done. Building 2 is a permitted structure. 800 sqft total, 1 bedroom and 2 bath. You could settle in building 2 as you rebuild the main living space. Must see to appreciate this property. Cash buyers only.

30 Kanoelani St Unit 2, HILO

Listing courtesy of Property Professionals Hawaii LLC..

$2,700,000

5 Beds ⋅ 7 Baths ⋅ 731780 MLS ⋅ ['Fee Simple'] Tenure

The Hilo Beach House is a beachfront residence and multi-unit, short-term vacation rental (STVR) bordering Onekahakaha Beach Park, offering front-row Pacific Ocean views and safe, swimmable ocean access directly from the property; making it a truly exceptional find on the Big Island. While safe swimming spots are scarce on the east coast, Keaukaha is the premier exception, providing a protected white-sand cove just steps away. Furthermore, the property's location offers privacy while maintaining its convenient ocean access and oceanfront views. Unlike remote Hamakua, this property boasts unparalleled convenience and safety. It sits close to downtown Hilo and all of it's amenities; meaning no long commutes, no dark country roads, and no dangerous night driving to get home. The estate features over 6,300 SF of improvements, including 3 luxury air-conditioned units furnished with handcrafted pieces from Bali and screened-in balconies with serene views. The 1st unit offers flexibility with 2 bed/baths a full kitchen, kitchenette, two entries and a middle door with lock-off capability. The other two units are spacious studios with their own kitchenettes. The gorgeous top floor boasts a stunning 2-bedroom, 2-bathroom main residence with an open layout, plush master suite, and a private, beachfront balcony. The Ground Floor Lobby includes an event area currently hosting yoga and dance classes, complete with solar/rain shades and a half bath. Functional amenities include 2 laundry rooms, linen storage, an office, guest reception desk, and ample parking. The property is fully fenced with an automatic security gate, keypad entry, motion lighting, and mobile-linked video surveillance system. All STVR furnishings and linens are included. Zoned V-.75 (Resort-Hotel), plus the Hilo Beach House is thoughtfully built over 3 feet above the base high water level, greatly reducing the cost of flood insurance while providing safety and financial security!

23 Machida Lane, HILO

Listing courtesy of COMPASS.

$1,200,000

12 Beds ⋅ 8 Baths ⋅ 728314 MLS ⋅ ['Fee Simple'] Tenure

Unlock the potential of this income-producing investment property featuring four single-family homes on one parcel. With three of the four homes occupied by long-term tenants, this property offers immediate rental income while providing the opportunity to add value. Built in 1990, the homes are ready for updates and improvements, making this an ideal opportunity for investors seeking a value-add asset with income potential. The vacant fourth home presents additional flexibility for renovation, a new tenant, or owner occupancy. Whether you're looking to expand your rental portfolio, generate steady cash flow, or capitalize on a unique multi-home investment, properties like this are rarely available. An ideal opportunity for both seasoned and first-time investors. Showings are by appointment only. Please do not disturb the tenants.

36-2319-A Puualaea Homestead Rd, LAUPAHOEHOE

Listing courtesy of eXp Realty.

$1,300,000

7 Beds ⋅ 4 Baths ⋅ 731792 MLS ⋅ ['Fee Simple'] Tenure

Four unit home with ocean views that was remodeled in 2024. Nice long term tenants. Some units are partially furnished. Lower level Studio with full kitchen 2 bedroom with full kitchen Shared laundry Main level is a 3/2 with full kitchen, laundry, 2 stall garage, and pool table Upper level is attached to the main level with interior stairs and also has exterior stairs so can be part of main unit or its own unit. Currently an independent unit with one bedroom and kitchenette. All units have lanais and ocean views. Up Kaiwiki Road so cooler than downtown Hilo. All tenants are long term and enjoy their units. Property has always been easy to find good renters. Currently grossing almost $8000/month. Whole inside was recently painted and both lower units have new kitchens and countertops.

2107 Kaiwiki Rd, HILO

Listing courtesy of Bizwala.

$2,200,000

8 Beds ⋅ 4 Baths ⋅ 731472 MLS ⋅ ['Fee Simple'] Tenure

Rare SPA-A Opportunity in the Heart of Kapaʻa Town! Conveniently located and walkable to everything downtown Kapaʻa has to offer — this is a rare find! Zoned SPA-A, this versatile property allows for many uses including commercial business, rental income, or owner-occupied residence. Buyers and agents are encouraged to verify permitted uses with the County Ideally situated in central Kāpaʻa, you’re just steps from the beach, parks, the beloved beachside library, the scenic recreational pathway, public transit, restaurants, shops, and the popular farmers market featuring fresh produce, exotic fruits, and flowers. The property features two duplexes with two units each, for a total of four income-producing units. Each duplex has its own water meter, and each unit has its own electric meter, plus an additional meter for exterior lighting and security — 2 water meters and 5 electric meters total. All units are connected to sewer. Each Unit has full kitchen with refrigerator, stove, ceramic tile flooring, granite kitchen counters throughout. A truly unique investment opportunity in one of Kauaʻi’s most vibrant communities!

4639 Lehua St, KAPAA

Listing courtesy of RE/MAX Kauai - Princeville Office.

$3,500,000

5 Beds ⋅ 3 Baths ⋅ 731735 MLS ⋅ ['Fee Simple'] Tenure

Unmatched flexibility meets prime location. Situated in the heart of Hanalei, directly across from Hanalei Elementary School, this unique two-home property places you at the center of one of Kauai's most sought-after beach communities. Main Residence (Cottage 1): A 3-bedroom, 2-bathroom home (1,096+ sq. ft.) featuring single-level living, an open floor plan, vaulted ceilings, and beautiful mountain views. Secondary Residence (Cottage 2): A stylish 2-bedroom, 1-bathroom cottage (612+ sq. ft.), recently refreshed and framed by the same breathtaking mountain backdrop. Whether you envision a multi-generational family compound, a primary residence with built-in long-term rental income, the flexibility of a private guest house for family and friends, or simply continue operating both homes as long-term rentals as they are today, the possibilities here are yours to create. More than a property, it's a chance to leave the car behind and enjoy Hanalei's walkable lifestyle. The new walking and bike path connects you to Hanalei Town, making it easy to stroll or ride to the beach, coffee, dinner, the weekly farmers market, local shops, and everything that makes this special community so unique.

5-5412 Kuhio Hwy, HANALEI

Listing courtesy of Hawaii Life.

$650,000

5 Beds ⋅ 3 Baths ⋅ 731655 MLS ⋅ ['Fee Simple'] Tenure

5-Bedroom, 3-Bath Property on 1 Acre in Hawaiian Paradise Park with the disclosure. PRICE: $650,000 Great opportunity to own a 5-bedroom, 3-bathroom property with 3 separate living units on a fully fenced and gated 1-acre lot in the desirable Hawaiian Paradise Park (HPP) This property is ideal as an investment opportunity, multi-generational home, or a spacious home with room for extended family. The 3 separate units offer flexibility for rental income or private living spaces. Located in a quiet neighborhood just 17 miles from Hilo, you'll enjoy the convenience of nearby shopping, dining, schools, and services while being just minutes from the ocean. A bus stop is located directly across the street, making transportation even more convenient. The property offers plenty of parking, a spacious yard with room to enjoy the outdoors. Whether you're looking for a home with income potential or extra space for family, this HPP property is one you won't want to miss! Property is not fully permitted. All comments, data is provided by seller or seller's representatives. Buyer to confirm all & hold all parties harmless from any discrepancy data in the mls and advertising. Limited Service–Data Entry Addendum signed by seller/s must be signed by buyer/s with Purchase Contract.

15-1974 8th Ave, KEAAU

Listing courtesy of Nathalie Mullinix Realty Universal, Inc..

$950,000

4 Beds ⋅ 5 Baths ⋅ 731426 MLS ⋅ ['Fee Simple'] Tenure

Investment Opportunity at 75-190 Alakai St. A Multi-Unit Property with Strong Rental Income & Value-Add Potential! Opportunity awaits with this income-producing multi-unit property in the heart of Kailua-Kona. Currently generating $7,250 per month ($87,000 annually) in rental income, this property offers immediate cash flow while providing significant upside for investors, contractors, or owner-occupants looking to increase value through renovations and improvements. The current layout includes: Upper Front Unit: 2 bedroom / 1 bathroom with kitchen and living area Upper Rear Unit: 1 bedroom / 1 bathroom with kitchen and living area Lower Unit: 1 bedroom / 1 bathroom Additional Rental Space: Separate room currently rented, plus five storage rooms and an additional bathroom offering flexibility for storage or other potential uses (buyers to conduct their own due diligence regarding permitted use). One of the property's biggest advantages is its generous lot with the potential to create additional off-street parking—an attractive feature that can add convenience and increase long-term value. Conveniently located just minutes from Historic Kailua Village, restaurants, shopping, grocery stores, schools, medical facilities, and the Kona waterfront, the property also offers quick access to Alii Drive, beaches, snorkeling, fishing, and outdoor recreation. Its central location makes it desirable for long-term tenants seeking easy access to employment, services, and everyday amenities. Whether you're looking to renovate and maximize rental income, build equity through improvements, or occupy one unit while generating income from the others, this property offers exceptional flexibility and investment potential in one of Kona's most convenient locations. Bring your vision and unlock the possibilities this rare multi-unit opportunity has to offer.

75-190 Alakai St, KAILUA KONA

Listing courtesy of Coldwell Banker Island Properties - Kona.

$610,000

4 Beds ⋅ 2 Baths ⋅ 731044 MLS ⋅ ['Fee Simple'] Tenure

Rare income-producing duplex walking distance to Downtown Hilo. Two spacious 2-bedroom, 1-bath units, each with upgraded electrical and plumbing, make this a smart choice for owner-occupants looking to offset housing costs or investors seeking a low-maintenance rental property. The duplex has performed well as both a long-term and hosted vacation rental. The upstairs unit has plantation-era charm with 9' ceilings, large double-hung windows, and a front lanai that overlooks mature tropical landscaping. Inside, the open kitchen and living area have been updated with granite countertops, new fixtures, and engineered hardwood floors. The kitchen includes a gas range and ample counter space, with a stacked washer/dryer tucked into the pantry. Two well-sized bedrooms share a full hall bathroom. R-30 attic insulation and Hilo breezes keep the temperature comfortable year-round. The property has piped propane gas, an uncommon feature in Hilo that helps keep utility costs low. A walking path leads to the lower unit, which opens into a screened lanai. Recent updates to this unit include vinyl flooring, drywall, fresh paint, LED lighting, and modern fixtures. The bright full bathroom features custom tile work. A hall closet provides extra storage, with in-unit laundry. A full-height basement sits below. The backyard is private and lush, with tropical foliage, a grassy area, and mature citrus. Situated on Lehua Street just over the Wailuku River in lava zone 8, the property is walkable to Downtown Hilo restaurants, K-12 public schools, the Farmers Market, public library, Kapalaoa Landing Beach Park, and the Bayfront recreation area. Showings by appointment only.

346 Lehua St, HILO

Listing courtesy of Salt Water Real Estate LLC.

$924,000

6 Beds ⋅ 4 Baths ⋅ 730272 MLS ⋅ ['Fee Simple'] Tenure

Imagine having two permitted classic Hawaiian style homes on one lot. This well-built quality duplex has charm and significant income potential. Built and renovated by renowned local craftsman Don Svendsen. It has been meticulously maintained and updated with Sapele finish kitchen cabinetry, laminate and tile flooring. The building contains two separate three-bedroom, two-full-bathroom units, totaling six bedrooms and four full bathrooms. Each unit features individual carports, laundry rooms with included washers and dryers, covered front wood deck lanais and rear concrete patios. Thoughtful floor plans maximize the 2,112 square feet of interior space. Both homes offer peek-a-boo ocean views. Each home has its own permitted cesspool and electric meter. The water meter is shared. Carports and laundries separate the units in front and a privacy wall separates the patios in the back. The mature tropical landscape includes a food garden and productive fruiting and flowering trees. The front and back boundaries are fenced. The original roofing is high quality zinc aluminum with a baked enamel finish. The property is private yet near time honored destinations in the heart of historic Niulii. Private yard with hedges on all sides has tangerine, avocado, mango, moringa trees, lilikoi, striated ti and many mature tropical plantings. This parcel is walking distance to Keokea Park and two miles from mystical Pololu Valley, which has hiking trails and a black sand beach. Currently occupied by tenants; 48 hours advance notice is required. Some furnishings are included.

52-277 Keokea Park Rd, KAPAAU

Listing courtesy of Algood Hawaii, LLC.

$8,875,000

20 Beds ⋅ 25 Baths ⋅ 730091 MLS ⋅ ['Fee Simple'] Tenure

Rare offering of stabilized apartment income property at Alahou Street Apartments. 25 units in two newer buildings, with 8 2-bedroom units in building A built in 2012 and 15 studio units plus 2 2-bedroom units in Building B built in 2018, both being in excellent condition. Total of 10 2-bedroom units and 15 studio units located in the heart of Kailua-Kona town. With a high barrier to entry due to lack of water and zoned land, there are no new competing projects planned in the area at this time, leading to consistent rental pressure over time and high occupancy, typically pushing 100%. Great parking and walking distance to shopping and dining add to the desirability of this project. Priced at $8,875,000, which represents a 5.5% capitalization rate on Trailing Twelve Months (T-12) financial performance, this Offering provides an excellent opportunity for investing in the Kailua-Kona market, one of Hawaii's most popular resort/residential markets. With the planned new hospital and other growth in the area, continued upward pressure on rents and high occupancy is very likely. Walkability score of 72. Potential to convert the project to a Condominium Property Regime is available.

75-5749 Alahou St Unit 25, KAILUA KONA

Listing courtesy of Pacific Realty Organization LLC.

$850,000

5 Beds ⋅ 2 Baths ⋅ 730183 MLS ⋅ ['Fee Simple'] Tenure

Seldom presented opportunity to acquire 2 great homes in this area. Several possible uses: a multi-generational family to live next to each other; live in one and rent the other or rent both and generate good rental income. Both homes have been very well maintained and updated. Don't overlook this gem.

557 Kupulau Rd, HILO

Listing courtesy of Century 21 Homefinders of Hawaii.

$737,000

5 Beds ⋅ 6 Baths ⋅ 729656 MLS ⋅ ['Fee Simple'] Tenure

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. Renovations on all three units: New roofing & refinished in some areas New countertops, Quartz in unit B New paint, interior and exterior New windows in unit B New bathrooms New flooring New lighting, fans New hardware New faucets New carpentry work throughout Fumigation was completed. All units have a separate electric meter installed by HELCO. Excellent rent roll. 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. See the attached addenda from the county confirming this. Also, there is a Survey attached. Please schedule showings for after 10:30 am

76 Palai St, HILO

Listing courtesy of Big Island Properties.

$2,499,000

7 Beds ⋅ 5 Baths ⋅ 729558 MLS ⋅ ['Fee Simple'] Tenure ⋅ C T Condominium BLDG.

CASH-FLOW MULTI-UNIT PROPERTY. Ideally suited for multi-generational living, private retreat center, family compound, or as a cash-flow rental. Live in one and rent out the rest. * SELLER FINANCING AVAILABLE * Down Payment of 15% ($375,000). Owner financing up to 5 years at only 4.75% interest. $15,300 / month current total income. Rent roll available. FOUR UNITS: * MAKAPUNI – main house consists of a 4 bedroom / 2 bath with a staircase that leads to two half lofts and a mini office loft, as well as an enclosed lanai. * OLUOLU – guesthouse is a 1bedroom / 1 bath that has its own private yard, private parking, and fireplace. * UKULELE - caretakers cottage is a cozy and functional 1bedroom / 1 bath cottage with open lanai that overlooks the Lawai valley. * HAUOLI - open floorplan studio with loft / half bath and outdoor shower with lanai and private courtyard. * FLEX SPACE – converted garage that could be utilized as an office space, work out room, storage, or more. Each unit has its own washer and dryer, privacy from the other units, and comes fully-furnished. A terrific turn-key situation that can start earning for you on the day of closing. Perched on a cool and breezy Lawai hillside, this enchanting property was built with concrete and love. Meandering concrete paths lead to separate buildings, surprise spaces, fruit trees, and planted with exotic tropical foliage. You will know you are on the Garden Island. Convenient Lawai location is a short drive away from the sunny beaches of Poipu, the necessities of Lihue, and the wonders of the Westside and Kokee.

3198 Wawae Rd, KALAHEO

Listing courtesy of RE/MAX Kauai - Princeville Office.

$1,800,000

729001 MLS ⋅ ['Fee Simple'] Tenure

~Amazing opportunity to Own A Oceanfront Commercially Zoned Multi Use properties that is a Dream Come True ! TMK # 3-3-9-1-5 / MLS # 718997 9.69 acres Also Included in Sale for a Total of 11.25 Acres along with over 4129 Sft House with Rare MG-1A Commercial Zoning and Fruit / Palm Tree Farm Planted with Exotics , coconut trees, Lemon Lime, Tangelo + Orange trees , Star fruit , Banana Passion fruit, Lilicoy , Macnut All Planted to name a few. It has a 635000 Gallon in ground cement water Reservoir Tank and a covered Huge open Barn Building to Store your Tractors and Heavy equipment and a separate Ocean Front Cabin with storybook Paths leading to the Ocean throughout the property. Flowering Plants to set the picturistic scenery .Live the Dream this one is for you !

39-3296 Old Mamalahoa Hwy, OOKALA

Listing courtesy of RE/MAX Resort Realty - Wailea.

$880,000

6 Beds ⋅ 3 Baths ⋅ 728835 MLS ⋅ ['Fee Simple'] Tenure

Two beautifully renovated homes are nestled on a cleared and thoughtfully improved 0.7-acre lot. This unique property features two fully updated residences, offering flexibility, privacy, and excellent income potential. With quick access to Saddle Road, commuting is easy, and the location is just minutes from Hilo town—shopping, dining, schools, and everyday conveniences—while still enjoying the cooler elevations and lush surroundings Kaumana is known for. From inside the main home, the view through the windows feels like you’re immersed in a tropical forest. The rear of the property borders a seasonal stream, bringing the soothing sound of running water during rainfall—a peaceful, nature-filled backdrop that’s hard to find. The second home is ideal for extended family, visiting guests, or rental income. Endless Possibilities • Ideal for multi-generational living — young family in the larger home with parents close by. • Live in the main home and rent the second home as a short-term vacation rental or to traveling nurses. • Excellent opportunity to generate supplemental income. Main Home ~ 2,000 Sq. Ft. • 4 Bedrooms | 2 Bathrooms. • Brand new kitchen with modern finishes. • Fully renovated bathrooms. • New flooring throughout. • New plumbing. • New windows. • New open concept. • Fresh interior and exterior paint. • New water heater. Second Home ~ 800 Sq. Ft. • 2 Bedrooms | 1 Bathroom. • Completely remodeled kitchen and bath. • New flooring. • Fresh interior and exterior paint. • New water heater. Property Highlights • Set back from the street for added privacy. • Quiet and serene setting. • Lot has been cleared with select trees removed for usability while maintaining a tropical feel. • Move-in ready — everything has been beautifully renovated. This is more than just a property — it’s a lifestyle. Privacy, nature, flexibility, and income potential all in one stunning package.

1360 Kaumana Dr, HILO

Listing courtesy of First Hawaiian Realty.

$469,500

5 Beds ⋅ 4 Baths ⋅ 728793 MLS ⋅ ['Fee Simple'] Tenure

Located at the prime corner of Volcano Highway and North Kulani Road, this property is a stable, income-producing asset in a high-convenience location. • Prime Location: Directly across from a bus stop and walking distance to Mountain View Elementary School and Park. • Features a variety of fruit trees and lush native Hawaiian greenery. • 5 bedrooms and 4 bathrooms • An established income-producer with a strong track record of rental revenue (contact for more info on rentals) Key Details: Price: $496,500 • Address: 17-7652 N Kulani Road • Size: 5 Bed / 4 Bath on an 8,051 sq. ft. lot. • Zoning: Residential.

17-7652 Kulani Rd, MOUNTAIN VIEW

Listing courtesy of Nathalie Mullinix Realty Universal, Inc..

$725,000

7 Beds ⋅ 5 Baths ⋅ 728335 MLS ⋅ ['Fee Simple'] Tenure

Pāhoa Village: Large 2-Story Family Home Location: Post Office Road – Heart of Pāhoa This spacious home on a half-acre lot features beautiful hardwood floors and large windows. It’s a perfect setup for a large family or a high-potential rental investment. Inquire for current rental income. Property Features: • Outdoor Space: Large lot with mature Hawaiian trees, a greenhouse (ready for restoration), and plenty of garden space. • Parking: Ample parking for multiple vehicles. Large Lot • Convenience: Convenient location! Walking distance to Puna Kai Shopping Center, schools, banks, parks, the pool, restaurants, and the Hele-On Bus Stop. All comments, data is provided by seller or seller's representatives. Buyer to confirm all & hold all parties harmless from any discrepancy data in the mls and advertising. Limited Service–Data Entry Addendum signed by seller/s must be signed by buyer/s with Purchase Contract.

15-1485 Post Office Rd, PAHOA

Listing courtesy of Nathalie Mullinix Realty Universal, Inc..

$675,000

5 Beds ⋅ 3 Baths ⋅ 728219 MLS ⋅ ['Fee Simple'] Tenure

Unique investment opportunity in the heart of Hilo featuring two separate homes on one lot, offering flexibility for multi-generational living or rental income. Surrounded by a mix of residential and commercial properties, there may be potential to pursue commercial zoning (buyers to verify with the County) The first home, a charming multi-level residence (white home), was originally built in 1932 and refreshed in 2020, featuring two bedrooms and two bathrooms (one ¾ bath and one ¼ bath). The second dwelling, a yellow multi-level home built in 1985, offers two bedrooms and one full bathroom on the upper level, with an additional bedroom and ¾ bathroom on the lower level. This versatile property presents multiple possibilities for investors or owner-occupants alike — generate rental income from both homes, live in one while renting the other, or accommodate multi-generational living. Conveniently located just minutes from shopping, dining, and outdoor recreation, including the nearby Hilo Shopping Center and Wailoa State Park. **Information herein is based on county records and may not reflect actual property details. Buyers and buyer’s agents are advised to independently verify all material facts deemed important to their purchase.**

619 Mililani St, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$2,900,000

6 Beds ⋅ 3 Baths ⋅ 727310 MLS ⋅ ['Fee Simple'] Tenure

Owner financing with 65% down. This property is majestic and unique. One of a kind!!! Perfect for Estate Living or farming. Zoning is commercial/AG A-1 Plan for your families future. Several opportunities. Welcome to Bamboo Valley Haiku, Maui. This Maui estate, located in a hidden tropical valley and bordered by a year round flowing stream is the ultimate in privacy and seclusion. At the heart of the estate is a custom 6 bedroom, 3 bath main residence and 1 bdrm detached cottage currently operating as Bamboo Valley Inn - loved by travelers from around the world. The main home offers exceptional privacy and exquisite design elements set upon an incredible backdrop of raw natural beauty. With no homes in sight, the property captures the essence of North Shore living- peaceful, tropical, powerful and refined. 3 cozy fireplaces complement the tropical atmosphere on cool north shore nights. The expansive covered lanai has tremendous views creating an idyllic setting for outdoor dining, entertaining and relaxing. The gated entry leads to a meandering stone driveway ensuring tranquility, security and seclusion. This home is full of architectural character containing custom lava rock features throughout, wrap around lanais and an open design creating a strong indoor-outdoor Hawaiian lifestyle. Both homes contain large windows that dissolve the boundaries between indoor and outdoor, so light pours in from every direction and the tropical forest and landscape become part of the interior decor. Without ever leaving the property you can enjoy a peaceful stroll through an exotic bamboo forest on a groomed trail which leads to the year round stream. This is more than an estate - it is a tranquil retreat where nature and comfort blend seamlessly. Spacious, quiet and surrounded by beauty, this Haiku property of offers a lifestyle that is increasingly hard to find in the heart of Haiku, Maui. This property is being offered fully furnished with quality, move-in ready furnishings.

1444 Kuiaha Rd, HAIKU

Listing courtesy of Nathalie Mullinix Realty Universal, Inc..

$1,075,000

5 Beds ⋅ 4 Baths ⋅ 725836 MLS ⋅ ['Fee Simple'] Tenure

New address: (Main house) 15-1634 Paradise Dr. (Ohana) 15-1636 Paradise Dr. Discover this impressive dual-home property located in the heart of Hawaiian Paradise Park—an exceptional income-generating opportunity featuring two fully permitted homes on a beautifully maintained 1-acre lot with COUNTY WATER. Situated on a fully paved corner lot with a paved driveway, full chain-link fencing, and two gated entrances with Ghost openers. Both homes have fully paid off PV systems. The primary residence, a custom-designed 3-bedroom, 2-bath home built in 2021, showcases a thoughtful split floor plan and quality finishes throughout. The spacious living room features vaulted ceilings and a custom built-in entertainment center with shelving. The primary suite includes its own split A/C unit, an oversized walk-in closet, and a beautifully appointed ensuite bath with double vanities and a tiled walk-in shower. An additional flex space off the primary suite is currently used as an office. The sellers have taken exceptional pride in ownership—this home has been meticulously cared for and shows like new.The second dwelling, a 2-bedroom, 2-bath home built in 2024, feels practically brand new. Thoughtfully designed with modern farm house finishes, a butcher block counter top and a comfortable layout. Live in one home and rent out the other, or maximize returns by renting both. The property is abundant with mature, fruit-bearing trees and a variety of thriving vegetable and herb gardens.Ideal for anyone who enjoys homesteading or sustainable living. To support the agricultural use, the property includes backup catchment systems dedicated specifically to irrigation. Additional water spigots from the catchment have been installed throughout the garden area for agriculture use. A list of plants, fruits, vegetables, and herbs in the garden can be provided by the listing agent upon request.

15-1746 23rd Ave, KEAAU

Listing courtesy of Coldwell Banker Island Properties - Kamuela.

$475,000

5 Beds ⋅ 3 Baths ⋅ 727226 MLS ⋅ ['Fee Simple'] Tenure

Come see these 2 cute fully-permitted homes on one lot! Sitting on about a 20,000 sqft lot in the Hawaiian Parks subdivision. The front house has 3 bedrooms and 2 bathrooms, and the second house has 2 bedrooms and 1 bathroom in the back. Updated interiors, with stone countertops in the fully-equipped kitchens and beautiful accents throughout the homes. Gorgeous laminate floors that look like real hard wood! The bathrooms also have beautiful stone floors. The exterior has a lovely array of trees, including ornamentals and fruit trees. The property is only about 3 miles away from Pahoa, where there’s shopping, dining and public transportation. It’s also only about 15 miles to Hilo, where there’s a movie theatre, with more shopping and dining options. Being part of the Hawaiian Parks subdivision provides paved roads, private water and mail delivery. Both homes are rented with one unit month-to-month and the other unit month-to-month on April 1, 2026. Showings to be requested with a 48-hour notice. According to Spectrum Cable, TV, High-Speed Internet, Phone, and Cellular services are all available in this location. Per county maps, this lot is in Flood Zone X, Lava Zone 2.

15-2737 Aku St, PAHOA

Listing courtesy of Bizwala.

$1,350,000

4 Beds ⋅ 4 Baths ⋅ 726941 MLS ⋅ ['Fee Simple'] Tenure

RARE TRI-PLEX INCOME PROPERTY! Hard-working rental property + detached shop / garage. Do the math: TWO separate 1 bedroom apartments downstairs + a 3 bedroom / 2 bathroom apartment upstairs + 3 electric meters + 2 laundry centers + over-sized septic system = steady, easy income! Just over $7000 / month, not including the shop. Rent Roll available. Rent all 3 units OR live in one and rent the other 2. You've got options. Maintained in very good condition, home had a new roof and gutters in 2018. One unit just welcomed a new Tenant and other 2 Tenants have lived here for years, so would love to stay. Built-in income on the day of closing. Detached 21' X 28' shop / garage is 588 square feet of enviable man cave / she shed / workshop / hobby room. What could you do with that? It has it's own electric meter and outdoor shower. Ultra-convenient location is a short walk or easy flat-land bike ride to the beach, Kapaa Town, schools, churches, Chicken In A Barrel, and other restaurants! Kauai is so amazing, lots of people want to live here, so its not easy to find a property on the island that pencils out.

4906 Aliali Rd, KAPAA

Listing courtesy of RE/MAX Kauai - Princeville Office.

$1,595,000

8 Beds ⋅ 6 Baths ⋅ 726148 MLS ⋅ ['Fee Simple'] Tenure

Are you looking for a Multi-Family and/or an Income Property? One Lot with Two Updated Homes each includes Upper-Level Main Living areas and Lower-Level Guest Quarters with private entrances. Located above the airport at an ideal elevation with panoramic Ocean and Sunset views in a quiet neighborhood with convenient access to Kailua-Kona town and the Kohala Gold Coast. Both areas offer a variety of restaurants, shopping and beaches. North located home: The open-beam ceilings in the Great Room divide the two-bedroom suites, each with a walk-in closet, four-piece bathroom, sliding doors to private covered tiled lanais. Kitchen has bright white cabinets and appliances. Guest quarters have 2 bedrooms/1 full bath, wet-bar, cabinets, vinyl & tile flooring. West side windows w/ garden views. Separate entrances to the Storage Room and Laundry. Two storage buildings for yard tools and beach toys are towards the back of the property. South located home: Two car carport and laundry closet, new roof, open-beam ceilings, 3 bedroom & 1 ¾ bath. Updated Kitchen, bathrooms and tile floors. Covered Lanai the full length of the house on both levels. Guest quarters 1 bedroom/1 bath, updated bathroom, wet bar, cabinets, vinyl and tile flooring. The Kona Coast is known for year-round warm weather to enjoy World Class Fishing & Marlin Tournaments, Iron Man, Canoe racing, and it’s a golfer’s paradise! There is something for everyone: whether you desire a bare foot stroll along soft white-sand beaches, swimming in warm cleansing saltwater, or snorkeling and diving spots in protected coves, or just a spot to sit along the shore and listen to the waves and watch the sunset – Kona has it all! It is an amazing place to call home or enjoy a relaxing sunny vacation in the midst of the Aloha spirit and culture. All comments, data is provided by Seller, Buyer to confirm all & hold all parties harmless from any discrepancy data in the MLS and advertising, limited service-data entry Addendum

73-1153 Ahikawa St Unit A & B, KAILUA KONA

Listing courtesy of Nathalie Mullinix Realty Universal, Inc..

$1,399,999

6 Beds ⋅ 5 Baths ⋅ 724656 MLS ⋅ ['Fee Simple'] Tenure

Stop your scroll — this is the one you’ve been waiting for! Discover a rare opportunity in the desirable heart of Kapa‘a House Lots. Directly across from Kapa‘a Elementary, Mahelona Hospital, just minutes to Kealia Beach, coastal bike path and Kapa‘a town amenities. This versatile property combines convenience, lifestyle, and flexibility. Set on over a quarter acre, it features two standalone homes. In total, there are 6 bedrooms, 4 full baths, and 1 half bath, perfect for multi-generational and flexible living options. The front home has been freshly upgraded with interior and exterior paint, luxury vinyl plank flooring, a remodeled kitchen with white ice laminate countertops, glossy white cabinetry and a refreshed bathroom with a new vanity and mirror. Its spacious vaulted-ceiling great room features a cozy slow wood-burning tiled fireplace, perfect for relaxing evenings. The freshly painted carport and newly graveled side yard offer extra parking and storage. The back home includes a split AC unit in the living room and primary bedroom for ultimate comfort and window A/C units throughout the home for those hot summer days. A chef’s kitchen with solid granite countertops and Koa wood cabinetry. Both full bathrooms have been refreshed with new vanities. Other key features include a newly added open-concept family room, a spare office room plus an outdoor sun deck and an outdoor shower with a convenient half bath near the garage. Practical touches abound: a 720 sq ft carport/garage provides ample driveway space and parking. The fully fenced in yard, featuring a partially new and freshly painted wood picket fence, makes it ideal for pets. Not to mention both roofs have been recently redone. Whether you’re looking for a new primary residence or simply a home with flexible living options, 4806 I'iwi Road offers spacious living, modern upgrades, and a prime location in one exceptional property.

4806 Iiwi Rd, KAPAA

Listing courtesy of Keller Williams Honolulu.

ハワイ島多世帯住宅売り出し物件

Newest Big Island Multi-Family Homes for Sale

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ハワイ島 多世帯住宅 売り出し物件

Newest Big Island Multi-Family Homes for Sale

ハワイ島多世帯住宅売り出し物件