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Ohana
* Second home allowed on either a residential or an agricultural zoned property.
Surf
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Hilo homes

2 homes for sale

$660k  $30,000
Hilo
301 Ponahawai Street, Hilo
Home
4 bd
2,076 sqft
$660,000  $30,000
4
bd
2,076
sqft
Currently installing a new roof and updating front lanai with both front and back railings being updated. Recent electrical updates are complete and scheduling plumbing updates. This Classic style home is in a great location in the heart of Hilo town walking distance to the town's famous farmer's market and recreation areas of Lincoln park, tennis courts, Mo'oheau park and Bayfront. The Central fire station is just a block away along with restaurants, grocery stores, gas stations, and medical, bank, office, and professional services buildings. The home features 3 bedrooms upstairs each with their own private bathroom with a large front lanai entrance with beautiful ocean views of Hilo's famous Bayfront. The upstairs front door enters you into a quaint front living room with the kitchen at the end of the hallway with its own private back lanai. The upstairs unit has 9 foot ceilings and hardwood floors with the old vintage design of yesteryear. The downstairs studio is large and spacious and has a unique and spacious bathroom with tile floors. Rental info: Upstairs $2,500 + utilities month to month, back downstairs $850/mo now vacant.
$495.5k  $39,500
Hilo
82 Hoku Street unit D, Hilo
Home
9 bd
3,900 sqft
$495,500  $39,500
9
bd
3,900
sqft
High-Cash-Flow Investment in Downtown Hilo –Now $495,500 Hoku Street,Hilo,HI 96720 This Downtown Hilo property offers strong income and even higher potential through room-by-room rentals. Homes rented by the room typically earn significantly more monthly income, provide more stable cash flow, and generate higher long-term returns. With 9 rentable rooms, 3 bathrooms, and 2 full kitchens (upstairs and downstairs), the property is already producing solid revenue and can be improved further. Income & ROI: • Current gross income: $70,000–$80,000+ per year • At $495,500 — gross ROI of 13.1% at $70K/year or 15% at $80K/year • Opportunity to increase ROI through optimized room-by-room rentals • Additional tax benefits from depreciation and write-offs • Multi-tenant setup reduces vacancy risk and enhances income stability Why Room-by-Room Works Well Here: • Higher total income than whole-house rentals • Strong demand from students, workers, and medical professionals • Ideal for investors seeking high NOI and rent per square foot • Flexible layout suited for shared housing, workforce rentals, or multi-family use

Lifestyle & outdoors In Hilo

1 surf spot in this area

Honoli'i
Type: surfing
No park nearby

6 beaches in this area

Honoliʻi Beach

Unnamed beach

Unnamed beach

Unnamed beach

Unnamed beach

Unnamed beach

1 golf course in this area

Banyan Golf Course

Living in Hilo Hilo is a neighborhood in the South Hilo district of Big Island.

Hilo is car dependent.

Nearby lifestyles include surfing and golf.

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