Hilo Homes for Sale

Welcome to Hilo, Hawaii – a hidden gem on the Big Island that beautifully blends natural beauty, rich culture, and a tight-knit community. Nestled on the eastern coast, Hilo is renowned for its lush landscapes, breathtaking waterfalls, and vibrant botanical gardens. With a backdrop of majestic volcanoes and the stunning Pacific Ocean, residents enjoy a picturesque setting that inspires a laid-back lifestyle and outdoor adventures.

Hilo is not just about stunning views; it boasts a charming downtown area filled with local shops, art galleries, and delightful eateries serving up fresh, local cuisine. The famous Hilo Farmers Market is a must-visit, offering a colorful array of fresh produce, handmade crafts, and delicious treats every Wednesday and Saturday. Additionally, the community is rich in history, with cultural festivals and events that celebrate the unique heritage of Hawaii.

For those looking to make Hilo their home, there is an array of homes for sale that cater to various tastes and budgets. From cozy bungalows nestled among tropical gardens to spacious family homes with ocean views, Hilo's real estate market offers something for everyone. Many properties feature unique architectural styles, reflecting the island's culture and charm. Whether you’re a first-time buyer or seeking a vacation retreat, Hilo presents an ideal opportunity to embrace the Hawaiian lifestyle.

Experience the warmth and beauty of Hilo – where your dream home awaits amidst the enchanting landscapes and welcoming community. Explore the homes for sale today and discover the perfect place to call your own in this tropical paradise!

Newest Hilo Homes for Sale

$595,000

4 Beds ⋅ 4 Baths ⋅ 202600583 MLS ⋅ FS - Fee Simple Tenure

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.

301 Ponahawai Street, Hilo

Listing courtesy of Compass.

$595,000

4 Beds ⋅ 4 Baths ⋅ 720363 MLS ⋅ ['Fee Simple'] Tenure

New roof replacement and front lanai floor newly updated and painted with both front and back railings update complete. 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. Upstairs 3/3 and back downstairs studio units previously rented long term ($2,500 plus utilities and $850 a month respectively) and possible bottom front unit available (currently an office with its own bathroom with shower) for new owner or to rent out as well.

301 Ponahawai St, HILO

Listing courtesy of COMPASS.

$365,000

9 Beds ⋅ 3 Baths ⋅ 202518347 MLS ⋅ FS - Fee Simple Tenure

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

82 Hoku Street Unit D, Hilo

Listing courtesy of Nathalie Mullinix R. U., Inc..

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.