Skip main navigation
Sold for $1,000,000 on 08/08/25
  • $1,000,000

    320 Iliahi St, Hilo, HI 96720

    6beds
    2,388sqft
    Multi Family
    Built in 1978
    -- sqft lot
    $1,000,000 Zestimate®
    $419/sqft
    $-- Estimated rent

    What's special

    Great multifamily rental property with upside potential. Six 1 bedroom unit, fee simple single story apartment building on 1/4 acre lot, connected to sewer. Lava zone 8, just North of Hilo.<br><br>All 6 units are furnished, one is currently vacant for viewing. Each unit has it's own electric meter and hot water heater. 7 parking spaces with additional street parking available. Roof is approx 20 years old. Just a few minutes walk to downtown Hilo with restaurants, shopping, schools and more.<br><br>Current rents: 3 units @ $1,800, 1 unit @ $1,600, 1 unit @ $1,400. All leases are Month-To=Month; all tenants & leases will remain in place through closing.<br><br>Gross income: 2024 $91.5k, 2023 $82k, 2022 $84k.<br><br>Property tax $4,779/year; <br>insurance approx $3k/year; <br>water approx $1,200k/year; <br>sewer approx $1,800/year; <br>common area electric approx $150/month.<br><br>Shower stalls, carpets and drapes all replaced/repaired in 2023. DSL internet and cable TV connected, owner currently pays these expenses in addition to electricity. Coin op washer & dryer on site.<br><br>Don't miss out on this investment opportunity!

    Zillow last checked: 7 hours ago

    Listing updated: August 08, 2025 at 01:25am

    Listed by:

    Kona Moran 8089361877,

    Hilo Brokers Ltd

    Bought with:

    Kona Moran, RB-22314

    Hilo Brokers Ltd

    Source: Hawaii Information Service,MLS#: 720885

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    • Full bathrooms: 6
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 2,388
    • Total interior livable area: 2,388 sqft

    Property

    Parking
    • Parking features: Unassigned
    Lot
    • Size: 0.26 Acres
    Details
    • Parcel number: 3260040110000
    • Zoning: RM-1
    • Special conditions: Fee Simple,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1978

    Utilities & green energy

    • Utilities for property: Electricity Available, Sewer Connected

    Community & neighborhood

    Location
    • Region: Hilo
    • Subdivision: PUUEO LOTS

    Other

    Other facts
    • Listing terms: 1031 Exchange,Cash,Conventional
    • Ownership: Full
    • Road surface type: Curbs/Gutters, Paved
    Services availability
    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $1,000,000
    2% more+ $20,000
    With Zillow Showcase(estimated)
    $1,020,000