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$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.

$85,000
733333 MLS ⋅ ['Fee Simple'] Tenure
Restaurant for Sale in Historic downtown Pahoa on the Big Island. This is a business sale (real estate is not included in this price) The space is a turn-key, permitted commercial kitchen in great condition: FEATURES: *Approx 800 sq ft total with Restaurant & outdoor covered dining area that seats 20 *State approved septic system, bathroom for staff and customers *Current equipment & design is well suited for: sandwiches, wraps, pizza, nachos, tacos, salads, sushi, soup, pastries, desserts, smoothies, coffee, baking, roasting, catering, wholesaling, meal preps, buffet style, fast casual style *Southbend electric convection oven, wrap grill, induction burner, vitamixes, robot coupe, salad bar, hot buffet, True fridges and freezers, sinks, kitchen utensils, square POS system w/self ordering kiosk * Main Street location surrounded by long-standing anchor businesses and good foot traffic * Located in Puna, the fastest growing district in the state of Hawaii * Option to add hood & grease trap for frying/grill/sautee "The Veli" (opened in July 2024) is a community loved plant-based concept and is available for purchase or can do an asset sale and then a new restaurant can do their own concept or hybrid (keep some of The Veli's top sellers). Lease is negotiable. Purchase of The Veli includes: * All restaurant equipment + * Original recipes with beloved favorites like the BLT Veggie Wrap, Mojo Nachos, Ultimate Burrito and Gluten-free pizzas * Experienced staff with well organized systems * Regular customers and established vendor relationships * Positive branding online with 176 great online reviews across Google, Yelp, Facebook, and HappyCow * Training for the new owner for a smooth transtion * To maximize sales- suggested to add more open hours, add breakfast with barista drinks and more lunch days * Custom murals and custom built artistic tables and chairs

15-2958 Pahoa Village Rd, PAHOA

Listing courtesy of Turquoise Hawaii Real Estate.

$880,000
733096 MLS ⋅ ['Fee Simple'] Tenure
Rare Lihue Commercial Opportunity ... Ready For immediate Construction Level, rectangular-shaped Lihue commercial lot in the desirable Kukui Grove Village, offers an exceptional opportunity for an owner user, investor or developer. Detailed architectural drawings for a dental office are included in the sale. The property provides valuable space and flexibility for a variety of potential commercial uses. Strategically located in Lihue with convenient access to major roadways, businesses, professional services and amenities. This is a must-see property

4476 Pahee St, LIHUE

Listing courtesy of Kauai Realty, Inc..

$625,000
4 Beds ⋅ 2 Baths ⋅ 732846 MLS ⋅ ['Fee Simple'] Tenure
Rare opportunity to own this commercially zoned lot in Keaau Town. Currently there is a very nice 4-bedroom 2 bath home that was completely remodeled 2 years ago, inside and out. Zoning was changed in 2026 to Village/Commercial. Located right behind convenience store and next to the Phone Company. Excellent investment.

16-540 Laukahi Pl, KEAAU

Listing courtesy of Savio Realty Ltd. - Hilo Office.

$1,688,000
2 Beds ⋅ 3 Baths ⋅ 733182 MLS ⋅ ['Fee Simple'] Tenure
Experience breathtaking ocean horizon sunrises and moonrises from this near oceanfront gem. Situated directly along Kapaa Beach Park and the iconic Ke Ala Hele Makalae coastal path, this property offers incredible lifestyle appeal paired with flexible spatial design. The home's interior is currently configured into three independent living areas. Ideal for multi-generational setups or visionaries seeking dynamic underlying zoning value along the shoreline. Enjoy ocean views, easy beach access, and immediate proximity to downtown dining, shops, and outdoor recreation. Prime Commercial General (C-G) zoning in the heart of Kapaa Town provides compelling future development options or versatile live/work possibilities right in Kapaa's vibrant, walkable corridor. The adjacent properties on either side are also C-G zoning, which allows for 0 feet side setbacks, and the maximum height allowed in C-G zoning is 50 feet. For a buyer looking to develop the property, the existing rental home offers the opportunity to collect rent, while going through the permitting process. Buyer to due their own due diligence regarding county zoning requirements.

4-1542 Kuhio Hwy, KAPAA

Listing courtesy of Hawaii Life.

$899,000
6 Beds ⋅ 5 Baths ⋅ 733014 MLS ⋅ ['Fee Simple'] Tenure
MOTIVATED SELLER | Rare Mixed-Use Investment Opportunity Exceptional property offering dual income potential in Keaukaha's Warehouse Lots subdivision. Upper level features a 4-bedroom, 1.5-bath home (approx. 1,824 sqft). Lower level includes 8 separate storage/closet areas, a studio with kitchenette, and an additional room (approx. 1,107 sqft total). Attached commercial warehouse with auto repair shop setup: front bay approx. 2,775 sqft, second-level warehouse space approx. 920 sqft, and covered rear lanai. Total property offers 6,600+ sqft of covered area. Unique offering. Seller may include tools and equipment. Perfect for investor, owner-operator, or multi-use vision. Verify all material facts; square footage may vary from county records.

77 Silva St, HILO

Listing courtesy of Real Broker.

$349,950
3 Beds ⋅ 2 Baths ⋅ 732636 MLS ⋅ ['Fee Simple'] Tenure
Fee Simple, Village-Commercial (CV-10) zoned property with 3 established income producing tenants all in the heart of Pahoa Village! This property currently has 3 tenants. A Tattoo Parlor, a Barber shop/ Hair Salon, and a Massage Studio! The building is set back from the street which allows parking space for customers, yet it is close enough to the street for great visibility of the businesses. The main building where the Tattoo Parlor and Barber Shop/Hair Salon are has a full bathroom and is plumbed for a kitchen (as it was once a residence, but it is currently being used as a washing station for the Beauty Salon). The back of the building has a cottage and a 2nd bathroom that was added in 2008 This space is currently used as the Massage Studio. There is a shared Washer/Dryer and a laundry sink next to the 2nd Bathroom in the "Breezeway" that connects the cottage from the main building. This cottage also has a private, large covered lanai and sitting area overlooking the gorgeous mature Hapu'u ferns and vibrant varieties of Anthuriums. A garden path through the Hapu'u meanders to the very back yard area of the property where you will find mature and fruiting Avocado, Tangerine and Apple Banana trees. This property has so much potential with the various Village-Commercial options, great off-street parking spaces, and a hidden old-growth Hapu'u and Anthurium garden in the back, all in the heart of our bustling and ever growing Pahoa town! Come see this unique property for yourself (all showings must be scheduled to avoid distracting the business owners during their business hours with their clients). Mahalo!

15-2883 Pahoa Village Rd, PAHOA

Listing courtesy of Coldwell Banker Island Properties - Kona.

$2,300,000
2 Baths ⋅ 732851 MLS ⋅ ['Fee Simple'] Tenure
Standalone industrial warehouse with 16,130 sf of land with 8,280 sf building. Leased until 11/30/2028. Existing tenancy provides immediate rental income while offering long-term flexibility for continued investment, future owner occupancy, or repositioning. Freshly painted Recent roof repairs High Ceilings Newer gutter/downspouts 5 roll up doors (2 recently replaced) 3 existing electric meters Fenced in with ample parking

1794 Haleukana St, LIHUE

Listing courtesy of Kauai Commercial Realty LLC.

$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.

$1,490,000
5 Beds ⋅ 7 Baths ⋅ 730891 MLS ⋅ ['Fee Simple'] Tenure
Big Island Inn with Certified Kitchen Positioned in the heart of Downtown Hilo, this exceptional commercial property offers a rare chance to own a distinctive and highly versatile building in one of the area’s most visible and accessible locations. With 3,882 square feet of thoughtfully designed interior space, the property blends professional functionality with a comfortable, welcoming environment. The flexible layout features a combination of private rooms and open collaborative areas, making it ideal for a wide range of uses. Whether you envision professional offices, wellness or therapeutic services, private consultation suites, coworking space, educational programs, or group workshops, the building can easily adapt to meet your needs. Complete with certified kitchen, the property also offers potential for use as a small inn or boutique hospitality concept, subject to appropriate approvals, providing an exciting opportunity for an owner-user to create a unique guest accommodation experience in the heart of Hilo. Many possibilities. Once operated as a B&B is walking distance to shops, restaurants, markets. The Lyman Museum is across the street. Whether you envision professional offices, wellness or therapeutic services, private consultation suites, coworking space, educational programs, or group workshops, the building can easily adapt to meet your needs.

239 Haili St, HILO

Listing courtesy of Coldwell Banker Island Properties - Kona.

$4,200,000
2 Baths ⋅ 732607 MLS ⋅ ['Fee Simple'] Tenure
6,817 SF improvements | 14,914 SF fee simple land Zoning: C-G (Commercial General) Former bank branch — prominent corner presence Vacant | Sold AS-IS Value-add | Owner-user or investment opportunity Central Lihue location. Rare opportunity to acquire a highly visible commercial property in the heart of Lihue's government and business district. Situated on a prominent corner location directly across from the County and Civil Buildings, this property offers exceptional accessibility, exposure, and long-term value in one of Kauai's most established commercial corridors.

4434 Hardy St, LIHUE

Listing courtesy of Kauai Commercial Realty 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.

$6,195,000
5 Baths ⋅ 732497 MLS ⋅ ['Fee Simple'] Tenure
SUBJECT PROPERTY IS BEING SOLD AS A FEE SIMPLE PARCEL. WHILE PUBLIC INPUT SHOWS LEASEHOLD THAT INFORMATION IS INCORRECT . PROPERTY IS HELD AS FEE SIMPLE IN TITIE. The subject site has three (3) buildings on 1.38 acres of land. A 14,000+ sq. ft. steel frame warehouse houses multiple retail and industrial tenants with a mezzanine/office area (2,200 sq. ft.). An office building (3,236 sq. ft.) houses a radio station and a corner warehouse (12,000 sq/ ft/) provides additional storage and warehousing. TOTAL IMPROVEMENTS include 31,836 sq. ft. under roof on two (2) contiguous Tax Maps. Located at the corner of Kanoelehu Ave and Pohaku St. in Hilo, Hi.. In Hilo's prime retail/industrial area. A block North of the Prince Kuhio Shopping Center and the Walmart Center.

913 Kanoelehua Ave, HILO

Listing courtesy of Yamanaka Enterprises Inc.

$179,000
2 Baths ⋅ 732355 MLS ⋅ ['Fee Simple'] Tenure ⋅ Pomaikai Cottages BLDG.
Elevate your business in the heart of Waimea! Situated just a few steps up, off the building’s expansive covered lanai, this efficient 316 sq. ft. commercial office space offers the perfect combination of easy client access, added privacy, and classic Big Island charm. Whether you're looking for a private client-facing office, a quiet haven for professional services, or a creative space, Unit #3 delivers a bright, inviting atmosphere. Tucked just off the busy Kawaihae Road (Hwy 19) corridor in one of South Kohala’s most sought-after commercial hubs, this location offers convenience and a central location to work from. Access Unit #3 via a short flight of steps onto a shared, building-wide covered lanai that creates a pleasant indoor-outdoor feel and a welcoming entryway for clients. Through a set of full-light French doors, the 316 sq. ft. are optimized for maximum functionality—well-suited for medical/wellness practitioners, legal or financial advisors, a creative studio, or an executive suite. Near legendary local dining and daily conveniences—grab your morning brew at the local coffee shop, enjoy quick lunches at nearby favorite taco spots, or entertain clients right around the corner at Merriman’s Waimea. Located just off Opelo Rd near Kawaihae Rd, (Hwy 19), this convenient yet buffered location offers a bit of quiet separation from street-level movement. HOA fee includes electricity cost. Enjoy Waimea’s mild climate and comfortable year-round working environment.

65-1241 Opelo Rd Unit 3, KAMUELA

Listing courtesy of Kohala Pacific 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.

$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.

$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..

$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.

$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 ⋅ ['Leasehold'] Tenure
This is a leasehold property. 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..

$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.