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

8 Beds ⋅ 5 Baths ⋅ 734458 MLS ⋅ ['Fee Simple'] Tenure

Two beautiful homes on one rare grandfathered parcel in one of Hilo's most convenient neighborhoods. Set on an 18,024sf lot, this property offers the flexibility few Hawaii listings can match: comfortable multi-generational living or a diversified income portfolio with three distinct income streams. The front home, lovingly known as The Pineapple Retreat, was built in 1950 and refreshed in 2022. It's a welcoming traditional island style home with Hilo Bay views from the primary living areas. Below, an independent basement studio with its own private entrance, kitchenette, bathroom (and fallout shelter!) enjoys a stable longer-term tenancy - or easily combine the 2 units back to the original status to create a 4 bedroom, 2 bathroom single family home. The rear residence, Hilo Bayview, was built in 1980 and was fully renovated in 2021. Enjoy sweeping island vistas and trade-wind breezes from its upper living spaces, along with generous bedrooms and modern finishes throughout. The 4 bedrooms and 3 bathrooms are complemented by an office, storage area, and a home theater room. Both homes come fully furnished and currently operate successfully as short-term rentals, earning great guest reputations. From January 2027, the rear residence could continue as a 3 bedroom hosted Transient Vacation Rental (TVR) under the new Hawaii County code, with the on-site long-term co-host living in the front residence basement studio. Conditional approval has been granted with certificate BBR-00084. The front residence upstairs can be operated as a longer-term, 6 month minimum lease. A new septic tank system was installed in 2022. Minutes from downtown Hilo, farmers market, bayfront parks, restaurants, shopping, and the airport, 441 Mohouli balances island charm with a genuine investment opportunity. Enjoy a 3D walkthrough and floor plans at:- https://my.matterport.com/show/?m=q9Kz3uVZhmV&brand=0 Please do not disturb guests.

441 Mohouli St Unit A & B, HILO

Listing courtesy of David Hubbard - Sole Proprietor.

$495,000

4 Beds ⋅ 3 Baths ⋅ 733566 MLS ⋅ ['Fee Simple'] Tenure

One property, two distinct living spaces. So many possibilities! Discover the flexibility of a two-story home thoughtfully configured with two separate living areas. each featuring it's own private entrance and individual electric meter. Whether your looking for a multigenerational home, a place to live while generating rental income, space for extended family, or an investment property with added versatility, this setup opens the door to options. Set behind a gated and fenced perimeter on a quarter-acre lot, there's room to enjoy privacy while still having the convenience of multiple living spaces under one roof. Live in one and rent the other, keep the family together while maintaining independence, or create the perfect combination of home and income. *Multigenerational Living - Keep family close while still allowing everyone to have their own private space & entrance. *Live in one, Rent out the other - Owner occupy one living area while generating rental income from the second. *Two rental opportunities - The separate entrances and electric meters provides 2 independent living arrangements. *Extended family and guest - A great setup for parents, adult children, or visiting family eho want privacy without being far away. *Home + work space - Use one level as your residence and the other as a private office, studio, or workspace. *House hack/Investment strategy - Reduce your own housing cost while putting the second living space to work. *Long-term investment With multiple living areas provide flexibility that traditional single living space homes may not.

16-2041 Anthurium Dr, PAHOA

Listing courtesy of Lei Po'o Real Estate LLC.

$550,000

3 Beds ⋅ 3 Baths ⋅ 734335 MLS ⋅ ['Fee Simple'] Tenure

Multi-Unit Investment Opportunity in Hawaiian Paradise Park! $550,000 | 15-1721 25th Ave, Keaʻau, HI 1 Acre Lot | 3 Buildings (5 Rentals) | Lava Zone 3 A rare, high-yield investment opportunity in a desirable Hawaiian Paradise Park neighborhood! Set on a private 1-acre parcel, this unique multi-unit layout features 3 structures with 8 rooms and 4 bathrooms total, offering strong rental stream potential up to $6,100 per month. Whether you’re an experienced investor, live-in landlord looking to cover your mortgage, or managing multi-generational living, this versatile footprint offers incredible income potential and equity growth. Property Layout & Details: •Main Building (Triplex): Features 5 bedrooms and 2 bathrooms across 3 units •Standalone Cabin 1: Private 2-bedroom (Fixer cabin) •Standalone Cabin 2: Private 1-bedroom, 1-bathroom cottage. •Income Potential: Multiple income streams with potential gross revenue of $6,100/month. •Property & Utilities: 1.00 acre (43,560 sq. ft.) lot on catchment water system in desirable Lava Zone 3 •Location: Prime HPP location on a great street with convenient access to both Hilo and Pāhoa amenities. 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.

15-1721 25th Ave, KEAAU

Listing courtesy of Nathalie Mullinix Realty Universal, Inc..

$830,000

6 Beds ⋅ 3 Baths ⋅ 734089 MLS ⋅ ['Fee Simple'] Tenure

Two renovated residences on a cleared and improved 0.70-acre lot in Kaumana, offering flexibility for residential use, guest accommodations, or potential rental opportunities, subject to applicable laws, regulations, and permits. Conveniently located with access to Saddle Road and Hilo, while situated in the cooler elevation of Kaumana. The main residence offers approximately 2,000 sq. ft. with 4 bedrooms and 2 bathrooms. Improvements include a renovated kitchen and bathrooms, new flooring, plumbing, windows, water heater, interior and exterior paint, and an updated open-concept layout. Windows throughout the home capture views of the surrounding tropical landscape. The second residence offers approximately 800 sq. ft. with 2 bedrooms and 1 bathroom. Updates include a remodeled kitchen and bathroom, new flooring, water heater, and interior and exterior paint. The property is set back from the roadway and includes a seasonal stream along the rear boundary. The lot has been cleared with select trees removed to improve usability while retaining established tropical vegetation. Convenient access to Hilo shopping, dining, services, and other everyday amenities. Buyer and buyer’s agent to independently verify all property details, permitted uses, square footage, improvements, and any applicable requirements with the appropriate authorities.

1360 Kaumana Dr, HILO

Listing courtesy of eXp Realty.

$795,000

8 Beds ⋅ 7 Baths ⋅ 734247 MLS ⋅ ['Fee Simple'] Tenure

8BR/7BA Investment Opportunity on Ala Loop – $795,000 This large 8-bedroom, 7-bathroom home is a high-income property on a lush 1.25-acre lot in Kurtistown. It generates high monthly income. Location Highlights: • Only a 20-minute drive to Hilo’s shops, restaurants, and amenities! • Only 8 minutes from Keaau for groceries (KTA), schools, and local dining. • Connected to County Water, 3,200+ sq. ft. layout, and a detached garage. Perfect for a large family or a great investment with high-income rentals. While currently used for long-term rentals, this property could also be a possible Airbnb or short-term vacation rental. 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.

17-733 Ala Loop, KURTISTOWN

Listing courtesy of Nathalie Mullinix Realty Universal, Inc..

$450,000

5 Beds ⋅ 3 Baths ⋅ 734041 MLS ⋅ ['Fee Simple'] Tenure

PAHOA – 14-3276 Pualaa Street in Kaniahiku Village House Lots, INCOME PROPERTIES FOR SALE! - $450,000 – cash or terms with large down payment. - 1 acre property! With 2 houses! - Next to Nanawale Forest Reserve! - Quiet dead end Road. Privacy! - 3 rental incomes totalling $5/k/monthly – about $60,000/year Please fill out an application and be pre-qualified BEFORE viewing the cabin.

14-3276 Pualaa Rd, PAHOA

Listing courtesy of Nathalie Mullinix Realty Universal, Inc..

$1,800,000

6 Beds ⋅ 3 Baths ⋅ 733987 MLS ⋅ ['Fee Simple'] Tenure ⋅ Auhana Estates BLDG.

Picture owning your own private tropical sanctuary in South Maui—a secluded four-unit enclave tucked away in Kihei. Whether envisioned as a multi-generational family retreat where everyone has their own detached home, or a versatile real estate portfolio, 390 Auhana Road offers a rare lifestyle opportunity. Connected by a shared private driveway, each of the single-level detached homes feels distinct and independent, complete with its own private yard space, covered parking, and outdoor lanai or patio. From this prime location, your daily routine revolves around the ocean. Just a short distance to watch the sunset at Kamaole Beach, stroll to South Maui Gardens for coffee and food trucks, or spend weekends exploring the sandy coves of nearby Wailea. Live together under the palm trees, create lasting island memories, or steward a landmark property in one of Maui’s most sought-after coastal communities.

390 Auhana Rd Unit A-D, KIHEI

Listing courtesy of eXp Realty.

12-1098 Kaimu Makena Homestead Rd, PAHOA

$2,750,000

10 Beds ⋅ 8 Baths ⋅ 733705 MLS ⋅ ['Fee Simple'] Tenure

Sundari is an extraordinary 10-acre island estate created around wellness, sustainability, nature, and gathering. Two adjoining 5-acre parcels on a paved road offer a rare combination of privacy, expansive infrastructure, agricultural potential, and proximity to everyday conveniences—just 8 miles to Pāhoa, 24 miles to Hilo, and minutes from the ocean and Uncle Robert’s Farmers Market. The primary parcel features a permitted 5-bedroom residence with a beautiful Bali-style resort spa, Yoga Shala, and two additional cabins, totaling over 7,000 sq ft of improvements, while situated to maximize the astounding ocean views. The adjoining agricultural parcel includes a barn, garden center, greenhouse, fenced gardens, Sun Lodge, Moon Cabin, Sun Cabin, Rainbow Room with a 1,600 sq ft covered wood dance floor, and Sky Kitchen, with more than 12,000 sq ft of improvements across the two parcels. Designed with exceptional redundancy and self-sufficiency, Sundari includes three separate owner-owned solar systems, a well, multiple water catchment systems, backup water infrastructure, and Starlink connectivity throughout the property. The grounds are a living tapestry of mature fruit trees, abundant food gardens, flowers, herbs, hardwoods, and lotus ponds, all set against sweeping 180-degree ocean views. Glorious sunrises and ever-changing Pacific sunsets frame a landscape designed for living beautifully and intentionally. Sundari is offered turnkey, furnished, and equipped, including tools and equipment, providing an unusual opportunity to acquire an established island lifestyle with substantial infrastructure already in place. And, the experienced team familiar with the systems on the property has expressed interest in staying with the property. Please read the attached Features and Benefits document to learn more about this amazing offer! Video: https://mls.hiinfo.com/add-edit/my-listings?popup1=wrap-preview-pane&popup2=media-view

12-1098 Kaimu Makena Homestead Rd, PAHOA

Listing courtesy of Hilo Bay Realty LLC.

$3,249,000

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.

$3,395,000

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.

$1,300,000

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.

$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. The main 1,948sf area offers a unique opportunity to bring your vision to life. The space is currently in need of renovation, maintenance and repairs. Ideal for someone looking to restore and customize to their own needs and style. With the right improvements, this spacious area has excellent potential to become beautiful and functional. 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..

$535,000

6 Beds ⋅ 2 Baths ⋅ 731812 MLS ⋅ ['Fee Simple'] Tenure

Opportunity meets versatility in this centrally located Hilo property just off of Kinoole St. near Kawailani. With 6 bedrooms and 2 bathrooms, this home is ideal for multi-generational living, savvy investors, or owner occupants looking to offset mortgage with rental income. Designed for flexibility, the home can function as two separate living spaces or one expansive residence, featuring an interior connection between levels, along with private exterior entrances for each floor. The upstairs has been updated and includes a full kitchen with all stainless kitchen appliances, a gas stove and plenty of cross through breeze to create a bright and welcoming dining room space. Downstairs includes a large main living area, three bedrooms, one large bathroom, and a convenient kitchenette with a refrigerator, freezer, microwave, toaster oven, and portable cook top--ideal for extended family guest or flexible living arrangements. The fully fenced large lot provides both privacy and functionality, with ample parking and special outdoor features. The solid outdoor picnic table is a great place to enjoy the property and a great place for pau hana with friends/family is around the custom lava rock BBQ and waterfall/pond feature. Multiple, well constructed dog kennels are in place on the side of the home. The kennels can easily become individual locked storage areas, if that is preferred. The grassy yard is a wonderful aspect of this property. Great for gatherings and gardening or simply a place to let your kids/pets play. Located just minutes from UH Hilo, great public schools, shopping and dining, this property combines everyday convenience with exceptional flexibility --making it a rare opportunity with both lifestyle and investment appeal.

2133 Kinoole St, HILO

Listing courtesy of Salt Water Real Estate LLC.

36-2319-A Puualaea Homestead Rd, LAUPAHOEHOE

$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.

$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.

$582,000

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: $582,000 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.

$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.

$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.

$1,700,000

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.

$425,000

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..

$698,000

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..

$2,700,000

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

7 bedrooms and both homes benefit from brand-new roofs installed in 2026, offering added Owner financing with 75% 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.

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.

15-1634 Paradise Dr, KEAAU

Listing courtesy of Coldwell Banker Island Properties - Kamuela.

$445,000

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.

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

$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

How much is your home worth?

How much is your home worth?

ハワイ島多世帯住宅売り出し物件