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$1,995,000
3 Baths ⋅ 731976 MLS ⋅ ['Fee Simple'] Tenure
Rare owner-user opportunity in the heart of Lihue Industrial Park! Situated on a highly visible corner lot, this versatile commercial property consists of three commercial bays currently configured and utilized as two separate units. This setup offers the opportunity to occupy one unit while generating rental income from the second unit, currently leased to a long-term tenant. Unit 1, approximately 4,000 sq. ft., features a warehouse bay, mezzanine, showroom, kitchen, 2 bathrooms, office spaces, ample storage, and fenced parking, offering a flexible layout for a variety of business uses. Unit 2, approximately 3,344 sq. ft., consists of two commercial bays currently combined and utilized as a retail showroom. The space includes a mezzanine, showroom, kitchen, and 2 bathrooms and office space. The property includes a total of three commercial bays with separate electric and water meters. Conveniently located near Lihue Airport and Nawiliwili Harbor, this property offers a unique opportunity to own commercial space in the established Lihue Industrial Park.

3094 Aukele St, LIHUE

Listing courtesy of Kauai Realty, Inc..

$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.

$1,500,000
2 Baths ⋅ 732131 MLS ⋅ ['Fee Simple'] Tenure
Exceptional free-standing restaurant building with parking in the heart of Kapaa. This trophy property benefits from direct exposure along Kuhio Highway, one of Kauai's main thoroughfares with nearby daily traffic counts exceeding 26,000 vehicles; it is also home to ‘Āina Kaua‘i, a chef-driven tasting menu restaurant and multi-year Hale ‘Aina Award winner for Best Restaurant Kauai (2023–2025), and an OpenTable Diners Choice recipient (2022–2025). The building was thoroughly and tastefully renovated in 2021 to include high-end finishes, a fully permitted commercial kitchen complete with hood, vent, fire suppression and grease trap, as well as a fenced, dedicated paved parking lot. The stand-alone layout allows for clear visibility, signage, and independent operation. Properties of this type are limited within the immediate area, where most commercial spaces are located within multi-tenant centers. The property is suitable for a range of retail or service uses and may appeal to an owner-user or investor seeking a presence in the bustling Kapa’a submarket. Restaurant business and FF&E can be made available for sale.

4-985 Kuhio Hwy, KAPAA

Listing courtesy of Coldwell Banker Realty.

$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.

$250,000
2 Baths ⋅ 731795 MLS ⋅ ['Leasehold'] Tenure
This is a leasehold property. Unique and spacious location overlooking Kalakaua Park in downtown Hilo. This space has been home to a successful restaurant for many years and now it's ready for your dream of running your own restaurant to come true. Space comes fully furnished along with full kitchen set up and equipment.

110 Kalakaua St, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$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.

$570,000
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.

$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.

$150,000
1 Baths ⋅ 731608 MLS ⋅ ['Fee Simple'] Tenure
Shrimp Station business for sale Rare turnkey opportunity to own one of Waimea's most iconic and beloved restaurants! -Established brand with a loyal local & tourist following -Prime Waimea location with strong drive-by and destination traffic -Fully equipped commercial kitchen — move-in ready -Proven revenue backed by Kauai's thriving tourism industry -Excellent reviews and strong online presence -Owner support available during transition Shrimp Station is 288 sq ft, there's also an exterior area in the back for parking & storing equipment There's an exclusive use of 2 bathrooms in the back building

9652 Kaumualii Hwy, WAIMEA

Listing courtesy of Summers 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..

$780,000
1 Beds ⋅ 3 Baths ⋅ 731093 MLS ⋅ ['Fee Simple'] Tenure
Excellent opportunity to own a charming commercial property encompassing a retail storefront with a small cafe, a separate office and a residential apartment, on a 10,479 sq. ft. parcel. Located a short way from Honoka’a town and about 1/2 mile from the revered Waipi’o Valley overlook, the building dates to 1925 when it was built as a general store and residence. Largely constructed of koa and redwood, it’s a shining example of a well-preserved Hawaiian plantation-style building. Currently the building houses Waipi’o Valley Artworks, a long-standing successful art gallery that features local artists who work in a wide variety of media, and an attached café that offers grab-and-go snacks and drinks. The adjacent office is leased to a esthetician's clinic, and the 1-BR/1-BA 552 sq. ft. furnished apartment is currently leased to a full-time tenant. (It was previously used as a popular vacation rental.) During its storied past, this building has also been used as a general store and as as woodworking studio w/residence. Looking forward, the commercial zoning allows for a wide range of uses. The building has been well maintained. Most recent updates include: • Septic system converted from a cesspool (2011) • New air conditioning units installed in the Gallery (2024) • Extensive electrical upgrades incl. 2 new Energy Plus electric meters (2025) plus new wiring, ceiling fans, lighting fixtures and outlets in the Gallery • New flooring (2025), additional refrigerator/freezer units (2024) and custom cabinets (2024) in the Cafe • Bathroom 1 updated to ADA requirements (2024) w/new pedestal sink and toilet. New vanity in Bath 2. New sinks, mirrors, touchless faucets and paint in both. • New sofa, refrig., washer/dryer (2023) and new bed frame/mattress (2025) at the apartment. • New storage shed (2024) **The Waipi’o Valley Artworks business is for sale separately. This offering is for the real estate (building and land) ONLY.**

48-5416 Kukuihaele Rd, HONOKAA

Listing courtesy of Kohala Coast Properties.

$625,000
7 Beds ⋅ 4 Baths ⋅ 731620 MLS ⋅ ['Fee Simple'] Tenure
Versatile 7-Bed, 4-Bath Home in HPP with the disclosure. This spacious property in highly desirable Hawaiian Paradise Park features 4 separate units, perfect for multi-generational living or a smart investment. Key Highlights: • Convenient Access: Located on a paved road with a 3-minute walk to the bus stop. • Prime Location: Just 15 miles from Hilo; nestled between Hilo and Pahoa for easy access to shopping, dining, and medical care. • Safe & Established: A quiet, popular neighborhood. • Peace of Mind: Located in Lava Zone 3 and Flood Zone X (low-risk), making financing and insurance straightforward. This home offers the perfect balance of serene island living and excellent financial potential. Property is not fully permitted. Square footage differs from public record. 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.

15-1977 22nd 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.

$179,000
730234 MLS ⋅ ['Fee Simple'] Tenure
Turnkey cafe opportunity with extensive leasehold improvements already in place. Just the cafe is for sale and its improvements, the new owner would need to have their own business name and concept. The business Coffee Girl is not for sale. This stylish and well maintained cafe features a welcoming customer seating, upgraded tile flooring and counter, commercial cold kitchen, updated plumbing, and quality fixtures throughout. Designed for efficient daily operations, this space offers excellent workflow for coffee flow service, food preparation, and customer experience. The cafe is located in a high-visibility area with strong foot traffic and convenient access for both local and visitors. Leasehold improvements provide significant value for a new owner looking to step into an established setup without the cost of delays of a full build-out. Ideal for an owner-operator, coffee concept, bakery, brunch spot, or a specialty business gelato or ice cream. Sale includes leasehold leasehold improvements, furniture, fixtures, and equipment, creating a ready-to-operate opportunity with growth potential.

42 Waianuenue Ave, HILO

Listing courtesy of Coast Properties Ltd..

$742,000
4 Beds ⋅ 1 Baths ⋅ 731318 MLS ⋅ ['Fee Simple'] Tenure
Rarely does an opportunity to own property in Historic Hawi Town happen. The Original World Headquarters of Aloha Man is now available. Location, location, location! And Village Commercial CV-10 Zoning. In addition to the modest surf shack retail store, there is a small breezeway attached to a fully-exterior restored 4 bedroom, 1 bath home, with ocean and Maui views.

55-3411 Akoni Pule Highway Unit 1, HAWI

Listing courtesy of Kohala Pacific Realty.

$1,800,000
2 Beds ⋅ 3 Baths ⋅ 731331 MLS ⋅ ['Fee Simple'] Tenure
39-3296 OLD MAMALAHOA HWY

39-3296 Old Mamalahoa Hwy, OOKALA

Listing courtesy of RE/MAX Resort Realty - Wailea.

$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.

$1,850,000
7 Beds ⋅ 5 Baths ⋅ 731108 MLS ⋅ ['Fee Simple'] Tenure
TRI-PLEX with COMMERCIAL zoning. Several options for you to consider: lease out commercial space, use as 3 steady long-term rentals, live in one rent out the others, family compound. Re-certify the former Commercial Kitchen for other ventures. With this favorable Commercial zoning, solid construction, and flexible configuration the property has much to offer. All 3 units are air-conditioned and comfortable. * Street frontage side = 1 bedroom / 1 bath would be ideal for an office / store / warehouse / maybe even a cafe. * Rear of building = 3 bedrooms / 1.75 baths + former Commercial Kitchen * Upstairs = 3 bedrooms / 2 baths with 2 entrances Hanapepe location is convenient to the Pacific Missle Range Facility (PMRF) workforce and only 18 miles to Lihue the County seat of Kauai. Nearby are such recreational opportunities Salt Pond Beach Park, Port Allen, Polihale and other Westside beaches, and the cool mountians of Kokee. Poipu is less than a half hour away. Enjoy Hanapepe Art Night, a vibrant, weekly community festival held every Friday in Kauai’s "biggest little town". Ease of ownership includes 3 washer / dryer hook-ups, on-demand water heating, and sewer connection for wastwater. Consider this terrific opportunity for investment and lifestyle. Rent Roll available.

3559 Hanapepe Rd Unit 3, HANAPEPE

Listing courtesy of RE/MAX Kauai - Princeville Office.

$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.

$382,000
1 Beds ⋅ 1 Baths ⋅ 729934 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waimea Town Plaza BLDG.
Executive desirable dual-zoned commercial units for sale under $385,000 in downtown Waimea aka Kamuela. You now have the flexibility for to live full-time, work in and or rent out as a vacation rental and live here part time. No need to shop for pots and pans, it's all here. ~Washer and dryer in unit ~9 Foot ceilings ~Custom enlarged shower with soap shower niche and Dutch tiles ~Built in custom cabinetry with quartz countertops and big kitchen island ~Stainless appliances, garbage disposal, hands free sink faucet, dishwasher and new 2026 stove has 3-year warranty ~On demand hot water ~ Smart large flat screen TV ~Extra storage built ins in hall and bedroom ~1 Deeded parking stall #16 and guest parking. Additional parking with a fee ~Mailbox on site ~Trash disposal ~Ground floor located on west side back corner of the building ~$705.78 Monthly association fee includes building insurance, water, exterior maintenance, trash service, sewer ~Current Taxes $3,361.94 ~Zoning CN-7.5 allows business, vacation rental and residential use (see attached County uses for CN 7.5 zoning) ~Building painted in 2025 and new roof in 2017 Heart of Waimea Kamuela- Walk to Queens Hospital, Keck, Canada France, churches, shopping, post office, schools, theater, sports, gym and offers a relaxed, tight-knit upcountry community with paniolo (cowboy) culture and beautiful ranch lands. It is just a short drive from the sunny, world-class beaches of the Kohala Coast. Most of the 20 units are being used for residential with a beauty salon and accounting are a couple businesses on site. Seller is owner and licensed Hawaii Realtor. Listed in MLS under Commercial MLS 729934 and Condo MLS 729902. Unit and inventory sold AS IS. Furniture may be different than pictures. House rules attached includes what pets are allowed. All information deemed reliable and not guaranteed. Buyer and buyer's agent to do due diligence.

64-1061 Mamalahoa Highway Unit 109, KAMUELA

Listing courtesy of Disney Associates, LLC.

$2,800,000
730774 MLS ⋅ ['Fee Simple'] Tenure
Public Remarks: 1.17 acres of industrial land located in the Kaloko Industrial subdivision. This lot has retaining wall along west boundary. Sale includes approved permitted warehouse with 14,616 sf building area.

73-5643 Kauhola St, KAILUA KONA

Listing courtesy of COMPASS.

$1,750,000
13 Beds ⋅ 4 Baths ⋅ 730408 MLS ⋅ ['Fee Simple'] Tenure
This is a fully rented retail building with two separate free-standing residences located in the center of Papaikou. The Retail location is fully rented long term, and in exceptional condition considering its age. In addition to the 4 retail spaces currently rented, there is approximately 1000 sq ft upstairs that can be used as office, additional retail space, or storage. Separate from the retail space are two residential properties. One a two story, 7-bedroom home with nice ocean views, and a second 3 bedroom, 1-1/2 bath home with an attached carport. This third home is listed as tmk 3-2-7-33-17. Though it is listed as a separate TMK the county has no record of a legal subdivision and additional research is required. A large staging area separates the retail for the residential that could give additional rental income as well. This property is perfect for a family complex with retail space or possible condominium development. Located right next the Papaikou post office make it centrally located for future development opportunities. This wont last long

27-302 Mill Rd, PAPAIKOU

Listing courtesy of Savio Realty Ltd. - Hilo Office.

$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.

$2,250,000
730231 MLS ⋅ ['Fee Simple'] Tenure
Sold together with TMK (3) 1-6-146: 37 & 38. Property Highlights • Approximately 8,000 SF of industrial improvements situated on 44,928 SF of fee simple land • Zoned MG-20 (General Industrial) allowing a wide variety of industrial uses • Tenanted industrial warehouse investment • Flexible warehouse layout suitable for manufacturing, storage, distribution, or contractor uses • Two roll-up loading doors supporting efficient warehouse operations • Fully fenced and gated property providing secure yard and storage area • Secure outdoor yard space, highly desirable for equipment storage and service businesses • Located within an established industrial cluster in Kea’au • Convenient access to Hilo and surrounding East Hawaii communities • Rare small-bay industrial opportunity on Hawaii Island • High barriers to entry for new industrial development on the island • Growing demand for warehouse and service industrial space • Attractive opportunity for both investors and potential future owner-users

16-118 Liilii St, KEAAU

Listing courtesy of Chaney, Brooks & Company, 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.

$1,650,000
7 Baths ⋅ 730008 MLS ⋅ ['Fee Simple'] Tenure
Two separate commercial buildings with high visibility and convenient central location just above downtown Hilo. First building is 1,840 sqft. with long term tenant (dental office)and the second building offers 2 additional units adding an additional 2,976 sqft. and is currently fully occupied. The property also includes the 16 stall parking lot which is a rarity in the downtown area.

224 Haili St, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.