# 82D Hoku St, Hilo, HI 96720

> **TL;DR:** 9bd/3ba residential multi family, $495,500 ($834/sqft), built 1945, 594 sqft. Est. $2,147/mo. Listed 227 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $495,500 |
| Price/sqft | $834 |
| Bedrooms | 9 |
| Bathrooms | 3 full |
| Square Feet | 594 |
| Year Built | 1945 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 227 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,147 |
| **Total** | **$2,147** |

## Property Highlights

- Built in 1945

## Description

### 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 per 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.

## Location

- **Address:** 82D Hoku St, Hilo, HI 96720
- **Neighborhood:** Waiakea
- **Coordinates:** 19.717024, -155.080829
- **Google Maps:** https://www.google.com/maps?q=19.717024,-155.080829

## Listing Agent

- **Name:** Nathalie Mullinix
- **Brokerage:** Nathalie Mullinix REALTY UNIVERSAL
- **Phone:** 8668086368
- **Email:** sales@realtyuniversal.com

## Primary Photo

![82D Hoku St - Primary Photo](http://lh.rdcpix.com/59ec8df34490a13de43bde27f1eb3d6el-f2917516640r.jpg)

*15 total photos available on [listing page](https://www.propertysimple.com/listing/82d-hoku-st-hilo-hi-96720-11571734)*

---

**MLS#:** 11571734 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/82d-hoku-st-hilo-hi-96720-11571734)

---

## Structured Data

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  "@type": "RealEstateListing",
  "name": "82D Hoku St, Hilo, HI 96720",
  "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.    ",
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```