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About This Home

This 9-bedroom, 3-bathroom residential multi family at 82D Hoku St in Hilo, HI is listed for $495,500 ($834 per sqft). Built in 1945, the home offers 594 sqft of living space on a N/A lot.

Agent Description

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 p

er square foot • Flexible layout suited for shared housing, workforce rentals, or multi-family use Property Details: • 9 total rooms • 3 bathrooms • 2 full kitchens • Flexible layout for shared housing or rentals • Potential to raise rental value with updates Prime Downtown Hilo Location - walking distance to major employers, hospitals, colleges, stores, restaurants, beaches, parks, and public transportation. High rental demand and rare availability in this area.

Key Features

  • Built in 1945

Property Details

3 full
1945

Monthly Cost Estimate

$2,650/mo

20% down · 6.5% · 30 years

Principal$358
Interest$2,147
Insurance$145

Estimates only. Actual payments may vary.

Location

82D Hoku St

Hilo, HI 96720

Waiakea

Property Details

Flooring

LaminateVinyl

Parking

GarageGarage - Attached

Questions & Answers

This 9-bedroom, 3-bathroom residential multi family at 82D Hoku St is listed at $495,500 ($834/sqft). The estimated monthly payment is $2,147 based on 20% down at 6.5% interest.

Key features include: Built in 1945.

This property is listed by Nathalie Mullinix and can be reached at 8668086368 or sales@realtyuniversal.com.

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NM

Nathalie Mullinix

Agent at Nathalie Mullinix REALTY UNIVERSAL

(866) 808-6368

Listed by Nathalie Mullinix REALTY UNIVERSAL · View on Broker Site

MLS# 11571734· Source: listhub· Updated 227 days ago

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

82D Hoku St, Hilo, HI 96720

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