$850,000
 $4,563 est/mo Sourced by Back At You

1940 Kaumana Dr,Hilo, HI 96720

Hilo, HI 96720

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Description

Rare Multi-Unit Income Opportunity in the Heart of HiloVersatile three-unit property on a generous 22,500 sf RS-10 lot with potential for subdivision. The front duplex offers two spacious 3-bedroom/1-bath units, one upstairs and one downstairs, while a detached 3-bedroom/2-bath home sits privately at the rear. In total, approximately 3,200 sf of rentable living area, plus a centrally located 3-car garage. Each building has its own separate water and electric meters, making multi-tenant management simple.Two units are currently tenant-occupied and generating income. The vacant back house is ready for an owner-occupant or a new tenant, offering immediate flexibility and strong upside as units turn.Additional value-add potential: the seller obtained carport permits for the front and rear of the property (not yet built; may still be valid) and previously explored subdividing the lot with separate access off Pala Lane. RS-10 zoning may allow subdivision. Buyer to verify with the County of Hawai'i Planning Department.Whether you're looking to live in one unit while renting the others or seeking a pure investment play, this property delivers, all in a convenient, established Hilo neighborhood just minutes from town.Sold AS-IS. Buyer and buyer's agent to verify all information.

Details

MLS #731095
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1950
Days On Site73
Listing Provided ByRock Realty LLC | Evan B Rock

Features

Bed(s)9
Bath(s) 4 Total
SQ Feet3,194
ZoningRS-10
Acreage0.52
Property ViewMountain(s)

Taxes

Property6384

Area Information

StateHI
CityHilo
Zip Code96720
AreaBig Island
Community NameKAUMANA HOUSELOTS
Listing VS Median (in KAUMANA HOUSELOTS)
Price:
$850,000
low | high
Med:
$697,500
67.941176470588% of Average
sqft:
3,194
low | high
Med:
2,155
82.529743268629% of Average
$ / sqft:
$266
low | high
Med:
$377
8.247417246468% of Average
On site:
73
low | high
Med:
313
23.32268370607% of Average
Sourced by Back At You

Market Activity 96720

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Learn More About This Property

Mateo Manzari

Mateo Manzari

Coldwell Banker Island Properties

RB-24388MBA (808) 280-6880[email protected]
StateHI
CityHilo
Zip Code96720
AreaBig Island
Community NameKAUMANA HOUSELOTS
Listing VS Median (in KAUMANA HOUSELOTS)
Price:
$850,000
low | high
Med:
$697,500
67.941176470588% of Average
sqft:
3,194
low | high
Med:
2,155
82.529743268629% of Average
$ / sqft:
$266
low | high
Med:
$377
8.247417246468% of Average
On site:
73
low | high
Med:
313
23.32268370607% of Average
Sourced by Back At You
Listing Updated: July 1, 2026 at 8:13:30 AM PDT
Mateo Manzari
MBA
License #: RB-24388
(808) 280-6880
Kukui Mall - 1819 South Kihei Rd Suite D111.
Kihei, Hi 96753

Mateo Manzari - Coldwell Banker Island Properties