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$5,688,000
24 Beds ⋅ 24 Baths ⋅ 732045 MLS ⋅ ['Fee Simple'] Tenure ⋅ City View BLDG.
This exceptional property offers 24 fully renovated apartment units — twenty-one 2-bedroom and three 3-bedroom units — in the heart of Hilo. The building underwent a comprehensive $952,000 gut renovation in 2025, inside every unit, including new luxury vinyl plank flooring, new high-end cabinets, granite countertops, sinks and faucets, all new stainless steel refrigerators, stoves and range hoods, updated bathrooms with new vanities and lighting, new ceiling fans in all bedrooms and living rooms, and fresh interior paint throughout. The property is 100% leased with professional management in place and includes 28 on-site parking stalls. Located in downtown Hilo — the county seat and regional hub for UH Hilo, healthcare, and government employment — supporting deep, stable rental demand. A recent condo conversion at a comparable Hilo building validates an embedded condo-conversion exit as additional upside. This is a trophy, renovated asset in a submarket where fully stabilized investment properties are rarely available for sale and is truly "turnkey" for a buyer. 5.5% cap rate on stabilized income!

230 Kapiolani St, HILO

Listing courtesy of Coldwell Banker Realty.

$5,688,000
202613702 MLS ⋅ FS - Fee Simple Tenure
This exceptional property offers 24 fully renovated apartment units — twenty-one 2-bedroom and three 3-bedroom units — in the heart of Hilo. The building underwent a comprehensive $952,000 gut renovation in 2025, inside every unit, including new luxury vinyl plank flooring, new high-end cabinets, granite countertops, sinks and faucets, all new stainless steel refrigerators, stoves and range hoods, updated bathrooms with new vanities and lighting, new ceiling fans in all bedrooms and living rooms, and fresh interior paint throughout. The property is 100% leased with professional management in place and includes 28 on-site parking stalls. Located in downtown Hilo — the county seat and regional hub for UH Hilo, healthcare, and government employment — supporting deep, stable rental demand. A recent condo conversion at a comparable Hilo building validates an embedded condo-conversion exit as additional upside. This is a trophy, renovated asset in a submarket where fully stabilized investment properties are rarely available for sale and is truly "turnkey" for a buyer. 5.5% cap rate on stabilized income!

230 Kapiolani Street, Hilo

Listing courtesy of Standard Management LLC.

$1,299,000
1 Baths ⋅ 729565 MLS ⋅ ['Fee Simple'] Tenure
Rare, prime commercial property, central location in the town of Hilo. High visibility, high traffic corner situated along main corridor Kamehameha Ave. / Hawai'i Belt Rd. Average Annual Daily Traffic is 12,693 on Kamehameha Ave. and 9,121 on Pauahi St., and 23,107 on Hawaii Belt Rd to Kamehameah Ave. South. (D.O.T.2024) 8 minutes to Hilo International Airport. Ideal for Drive Thru Food Service, Tour Activities, Retail, Contractor, or redevelopment. Within 5 minutes walking distance to Federal, State, County offices, Hilo Farmers Market, banks, stores, restaurants, offices, Hilo Bayfront Beach Park, canoe houses, boat ramp, docks, King Kamehameha the Great statue, Naniloa Golf Course, Lili'uokalani Gardens and Hilo Hawaiian Trademark Hotel, and the Grand Naniloa Hotel Double Tree by Hilton. Located in the center of Wailoa Park. Very rare investment opportunity. Formerly a retail / gas outlet Underground tanks were removed and Enivronmental studies completed. SMA zone.

744 Kamehameha Ave, HILO

Listing courtesy of Hilo Farmers Market Realty LLC.

$250,000
202607301 MLS ⋅ FS - Fee Simple Tenure
Home buyers,Contractors, Investors Special!! Build on this level lot located in Downtown Hilo in back of Hilo Shopping Center close to Prince Kuhio Mall, airport, restaurants. Owner is related to listor who is a licensed Real Estate Agent in the State of Hawaii.

141 Manini Street, Hilo

Listing courtesy of INPAC Realty, Inc..

$285,000
1 Beds ⋅ 1 Baths ⋅ 727551 MLS ⋅ ['Fee Simple'] Tenure ⋅ Hilo Lagoon Centre BLDG.
Comfortable 1 bedroom 1 bath unit located on the 5th floor of the Hilo Lagoon Centre. Enjoy the convenient central location and views of Mauna Kea and Hilo Town along with additional amenities such as designated parking, swimming pool, on site security, secured mailboxes and laundry facilities on each floor. Monthly AOAO monthly fees covers common area maintenance, water, sewer, electricity, central A/C, basic cable, rubbish service and security. Unit is in need of some TLC but Seller may be open to credits at closing to help offset some renovation cost depending on offer.

101 Hilo Lagoon Centre Unit 519, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$395,000
2 Beds ⋅ 2 Baths ⋅ 728012 MLS ⋅ ['Fee Simple'] Tenure ⋅ Bayshore Towers BLDG.
A place to dream. A front-row seat to nature’s daily show. From what feels like eye level above the bay, watch whales breach in season, sparkling water year round, cruise ships pass gracefully, and the moon and sun rise over Hilo Bay in breathtaking fashion. This is oceanfront living at its finest. Located within walking distance to charming downtown Hilo, you’re just moments from the world-famous Hilo Farmers Market, local restaurants, the historic Hilo Public Library, and the scenic waterfront of Hilo Bay. Leave the car at home and enjoy the lifestyle. This corner 2-bedroom, 2-bath residence has been thoughtfully updated with Corian countertops, tile flooring, newer carpet, and additional improvements that create a comfortable, move-in-ready space. Large windows frame the ocean views, bringing natural light and the rhythm of the sea indoors. As one of the most affordable oceanfront opportunities in East Hawai‘i, Bayshore Towers offers amenities not found in other condominium communities. The recently upgraded, laundry facility is convenient and modern. A well-equipped fitness center and sauna provide the perfect way to unwind after a workout. Outdoors, a large oceanside swimming pool invites relaxation, while the meeting room, library, and community kitchen add both function and flexibility for gatherings and events. Even better, the HOA fee includes basic cable, electricity, water, wastewater, trash service, and common area maintenance simplifying ownership and adding exceptional value. Bayshore Towers is well-maintained with a resident manager keeping a watchful eye every day. It has long been one of Hilo’s most sought-after oceanfront condominiums, and Unit 303 captures the very best of what it offers: views, location, amenities, and affordability. Oceanfront. Walkable. Move-in ready. Unit 303 truly is as good as it gets! Most furniture can be included at no value. Again, HOA covers water, electricity, sewer, trash, common area mait and basic cable.

84 Bayshore Towers Unit 303, HILO

Listing courtesy of Real Broker.

$835,000
727812 MLS ⋅ ['Fee Simple'] Tenure ⋅ Pauka'a Farm Lots BLDG.
PAUKA'A -Located just north of Historic Downtown Hilo, **Pauka’a** is one of East Hawaii’s most coveted residential areas. So close to town. Save Gas and Time! This **rarely available 5 acres ** offers a unique opportunity to build a rural retreat within minutes of schools, shopping, and Hilo’s cultural center. Property Highlights * **Prime Location:** 9 minute drive to downtown Hilo. A short bike ride to Honoli‘i Beach Park with panoramic views of **Hilo Bay** and the southern coastline. Privacy, convenience and forever ocean and sunrise views. No Highway traffic sounds, just Pueo and I'o calls. Did I say it's so close to town?! * **Safety & Security:** Situated on the slopes of Mauna Kea, safely outside high-risk lava zones. Level farm land with gentle rolling hill for your house site, underground Armageddon bunker or awesome pool slide. * **Agricultural** Ideal for farming. Deep soil. Currently used as kalo farm. Planted with avocado, mango and banana trees specific to Pauka'a's micro climate. Fenced. * **Utilities: ** County domestic water meter installed. Need to install water line from the water meter to the property which is about 1,200-1500 ft away. See Photos Map. Red X marks the approximate location of water meter. Red line represents water line path on end of Kulana Rd. to Kono Rd to Puia Rd to subject property. Water catchment is a viable option since Paukaa experiences high rainfall averaging approximately 171 inches per year. Heaviest rainfall occurring between November and March. **Electric: No electric currently available on property., however a solar power system with batteries is definitely a doable and sustainable solution. We have an adequate share of sunshine to power a solar power system.

Puia Road, HILO

Listing courtesy of Hilo Farmers Market Realty LLC.

$1,035,000
3 Beds ⋅ 3 Baths ⋅ 726781 MLS ⋅ ['Fee Simple'] Tenure
Experience the perfect blend of modern elegance and island charm in this spacious multi-level custome residence situated on Huali Place in Hilo Hawaii. Boasting over 2,900 square feet of meticulously maintained living area, this home was thoughtfully updated in 2017 to provide a contemporary lifestyle while capturing the essence of Hilo’s natural beauty. From various vantage points throughout the property, you are treated to breathtaking views of the Pacific Ocean and Hilo Bay, complemented by the majestic backdrop of Mauna Kea. The heart of the home is located on the main level, where a gourmet kitchen awaits. It features modern cabinetry, sleek quartz countertops, and an expansive center island perfect for gathering and meal preparation. The updated interior shines with a sophisticated mix of ceramic tile and rich acacia hardwood flooring. Also on this level, you will find a full spa-inspired bathroom designed for relaxation, complete with a deep soaking tub. A short step down leads you into the inviting living room, which opens directly onto a covered lanai, offering a seamless transition for indoor-outdoor living. The upper level is dedicated to comfort and privacy, housing three spacious bedrooms and one and a half bathrooms. The primary suite serves as a true retreat, providing private access to a second lanai where you can enjoy morning coffee while overlooking the stunning blue waters of the bay. Each bedroom offers ample space and natural light, ensuring a restful environment for all occupants. Convenience is a hallmark of this Huali Place location. Residents enjoy quick access to downtown Hilo’s vibrant shopping and dining scene, as well as close proximity to major medical facilities and local schools. This home offers amazing views, custom udpated home and convenience Property video: https://realestatevideos.vids.io/videos/069bddb21d1de5c78c/

420 Huali Pl, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$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.

$349,900
2 Beds ⋅ 2 Baths ⋅ 725983 MLS ⋅ ['Fee Simple'] Tenure ⋅ Bayshore Towers BLDG.
Check out this great 2 bedroom, 2 bathroom condo where each bedroom has its own bathroom! Perfect for roommates, guests, or anyone who just likes extra privacy. The kitchen has an efficient layout and opens right into the dining area, which leads to a private balcony. From the balcony, you get beautiful mountain views that make the space feel relaxing and refreshing. It’s an awesome spot for morning coffee, evening hangs, or just taking in the scenery. While the bedrooms offer stunning ocean views! The condo also comes with a window A/C unit to keep things cool, and it’s offered partially furnished.

84 Pukihae St Unit 406, HILO

Listing courtesy of eXp Realty.

$850,000
724208 MLS ⋅ ['Fee Simple'] Tenure
2525 Maikalani Street is an ideal site for a tropical estate, nestled within the bucolic Puueo Farm Lots. The Puueo Farm Lots neighborhood is comprised of around 80 expansive homesites and offers both privacy and convenience. Located a few minutes from downtown Hilo, former macadamia nut orchards have been transformed into one of the Big Island's premiere agricultural estate communities. 2525 Maikalani Street presents a rare opportunity to become part of this community. Measuring 23.5 acres in area, Parcel 38 provides a sweeping view of the ocean, coastline and Hilo town. The property rises from approximately 800 to 1,000 feet in elevation and features a unique point where two streambeds converge. In addition to macadamia nut trees, small orchards of coffee and cacao have been planted. Included with the 23.5-acre site is a 700-square-foot studio, with a 550-square-foot deck and storage area below. The studio should accommodate a variety of uses and may be an ideal space for guests. This property is currently off-grid and serviced by an Outback power system. HELCO electrical service is available nearby. Ask to see a video of the property.

2525 Maikalani St, HILO

Listing courtesy of RE/MAX Properties.

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.