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$435,000
3 Beds 1 Baths 723760 MLS ['Fee Simple'] Tenure
This charming Hilo residence stands proudly in the heart of town, quietly nestled near the historic bayfront and just minutes from the Hilo Farmer's Market, UH Hilo, shops, cafes, and schools. The 3-bedroom, 1-bath home sits on one of two side-by-side lots, both zoned Duplex/Double-family (RD-3.75), offering flexibility and options. Both parcels included in the listing price. This rare in-town opportunity is ideal for those looking to customize a property with potential for a variety of residential uses. Enjoy the lush Hilo climate and the convenience of nearby parks, beaches, and essential services all in an established neighborhood. Listing must be sold with parcel -047.

54 Derby Ln, HILO

Listing courtesy of Property Professionals Hawaii LLC..

$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..

$2,444,000
3 Beds 2 Baths 723617 MLS ['Fee Simple'] Tenure
Perfect 23 acre fenced HORSE property & orchard 8 mi. N. of Hilo! Discover a private 23-acre agricultural estate just 8 miles from Hilo, offering the perfect balance of privacy, productivity, and convenience. The property is zoned Dedicated Agriculture, fully fenced, and improved with established livestock infrastructure, stream access, and deep soil—making it far superior to raw land. A long, flat 1,500-ft. owned driveway leads to the solar-powered 3-bedroom, 2-bath main residence (approx. 1,310 sq. ft.) featuring Brazilian Koa hardwood floors, sweeping ocean views, Mauna Kea views, and two brand-new 23-ft. Trex decks completed in November 2024. The home is fully self-sufficient with a catchment water system and dual 3,000-gallon tanks. Surrounding the home is a productive one-acre orchard with 20+ fruit trees. Kapehu Stream borders the north side of the property, with a second spring-fed stream crossing the land. Additional improvements include a 12’ x 24’ tiny home with ocean views and mini catchment system, an unpermitted 2-bedroom, 1-bath cottage, and multiple outbuildings—offering flexible income or multi-use potential. Enjoy a cool, comfortable climate year-round and easy access to Hilo’s shopping, dining, and nearby beaches.

28-646 Kaupakuea Homestead Rd, PEPEEKEO

Listing courtesy of Jeffrey Samuels Realty.

$200,000
3 Beds 2 Baths 723322 MLS ['Leasehold'] Tenure
This is a leasehold property. Buyer must be on the Hawaiian Homes List with the Department of Hawaiian Homelands to purchase. Located in the heart of Keaukaha, this Leasehold Hawaiian Homestead property is truly a hidden gem. Known for its strong sense of community and close proximity to the ocean, Keaukaha is one of Hilo’s most special and sought-after neighborhoods. Just minutes from the beach and only 15 minutes to downtown Hilo, the location offers the best of island living. This 3-bedroom, 2-bathroom home offers a generous layout with plenty of room to grow. While the condition is below average and will require renovation, it's a great opportunity for someone looking to restore or reimagine a property in a prime location.

236 Lyman Ave, HILO

Listing courtesy of Coldwell Banker Realty.

$1,150,000
3 Beds 3 Baths 721442 MLS ['Fee Simple'] Tenure
LIving on the Wailuku river is like no other experience! You may think you won't get used to the rush of the water and then you realize you are sleeping like a baby! Sellers have traveled the world, living in many environments so they built this home to incorporate that full lifestyle. This floor plan enabled them to welcome visitors from around the globe while they worked at their creative endeavors. There are as many windows open to the views and breezes as an architect could allow. Kitchen/living creates a great room designed before we had even thought about that concept! Fully owned PV system installed in 2007. Many touches enhanced over time. Up to you if you keep them or change them. This home has its fair share of steps so its not wheel chair friendly. However, there is a ramp from the carport to the back deck/door for ease of access to that area. An ensuite & office on the entry level with 2 bedrooms and a full bath upstairs. The deck is a true delight spanning the full width of the home along the back/river side, fully covered for your enjoyment!

254 Kaiulani St, HILO

Listing courtesy of Mary Begier Realty.

$799,000
3 Beds 2 Baths 721465 MLS ['Fee Simple'] Tenure
Discover the charm and comfort of island living in this beautifully appointed 3-bedroom, 2-bathroom home nestled in the desirable Sunrise Ridge Estates. With over 2,000 sq ft of thoughtfully designed living space, this residence offers the perfect blend of elegance, function, and aloha spirit. Step inside to find ceramic tile flooring that flows seamlessly throughout, complemented by custom built-in wood shelving—ideal for displaying treasures or tucking away your favorite reads. The heart of the living room is a cozy fireplace adorned with a stunning lava rock mantle, adding warmth and a touch of Big Island flair. The spacious primary suite is your private retreat, featuring a luxurious bath area with a jet tub, separate shower, and an expansive walk-in closet that will satisfy even the most discerning homeowner. Outside, the easy-care yard is a tropical delight, framed by mature palms and vibrant flowering plants that invite you to unwind and enjoy the island breeze. Whether you're entertaining guests or simply soaking in the peaceful surroundings, this home is a true sanctuary in one of Hilo’s most sought-after neighborhoods.

708 Kukuau St, HILO

Listing courtesy of KW Big Island.

$789,000
6 Beds 5 Baths 721532 MLS ['Fee Simple'] Tenure
HUGE PRICE REDUCTION! Price reduced aggressively for a quick, as-is sale! Ocean-view 6-bedroom Hilo property with permitted attached ohana, multi-suite layout, and flexible income potential. Positioned above Hilo Bay, 16 Haaheo Rd offers expansive Hilo bay views from multiple rooms and lanais. The 6-bedroom, 4.5 bath configuration includes a primary suite with ocean-facing lanai and ensuite bath, plus a lower level featuring an additional suite and multiple bedrooms designed to accommodate extended living or rental arrangements. The attached ohana unit is permitted and includes a separate entrance, enhancing flexibility for multi-generational occupancy or income use. Previously operated as a licensed care home, the property’s bedroom count, multiple bathrooms, and accessibility-oriented layout provide a strong foundation for reactivation of care home use or conversion to hosted rental or bed-and-breakfast operation, subject to buyer verification of applicable requirements. Outdoor living areas include a covered lanai with kitchenette and established producing trees including avocado, rambutan, citrus, coconut, and calamansi. A structural engineer’s report addressing a compromised foundation and outlining recommended repair is available to prospective buyers who provide proof of ability to purchase. The repair scope has been evaluated. The key finding is that no major structural reconstruction is recommended. The prescribed remediation is focused on site regrading and improved water diversion, rather than significant foundation replacement/repair. Due to foundation condition, certain financing options may be limited. Property is sold as-is. Conveniently located within close proximity to downtown Hilo, the Hilo Farmers Market, medical facilities, shopping, Honoliʻi Beach Park, and more.

16 Haaheo Rd, HILO

Listing courtesy of EXIT Realty Island Living.

$700,000
4 Beds 2 Baths 721265 MLS ['Fee Simple'] Tenure
Conveniently located in a central Hilo location, approximately 1 mile from E B deSilva school and 1.2 mi from the Hilo Hospital. The home has undergone many recent renovations. There is new vinyl plank flooring throughout. The living room and 3 bedrooms had new vinyl windows installed in 2021. There are ac units in the bedrooms and kitchen area. The interior has a fresh coat of paint. The kitchen on the upper level has ocean views on a clear day. The refrigerator was recently replaced, also included are stainless steel dishwasher, range and farmhouse sink The cabinets, granite counters, island and light fixture were all part of the 2021 renovations. The hallway bath has newer fixtures, vanity, cabinets and granite counters..The generous sized master bedroom features a walk in closet and en-suite bathroom. Two additional bedrooms were added by prior owner without permits. The garage is home to the a new electric dryer, a newer washer in 2021 and an existing gas dryer. The exterior includes a back deck and outdoor entertaining area. The backyard was leveled and a retaining rock wall was built with chain link fencing on top. The home was outfitted with 40 photovoltaic panels and 3 Tesla batteries by Sunnova. This was owner purchased and the set up generates around $800./month in electricity. The note can be assumed for $600./month. The unit has a complete 25 year warranty, covering batteries and panels. Home is rented for 6 months commencing Sept 1, 2025. For more photos please visit: https://listing.hawaiirealtysolutions.com/ut/7_Luana_Way.html

7 Luana Way, HILO

Listing courtesy of Coldwell Banker Island Properties - Hilo.

$899,500
2 Beds 2 Baths 718766 MLS ['Fee Simple'] Tenure
Permitted home with off-grid living, partial ocean views, a stream and trail leading to beautiful waterfalls and ponds. Located at 29-2584 Kaiwiki Homestead Rd, this 2-bedroom, 2-bathroom home offers off-grid living with a partial ocean view from the upper deck, and a year-round stream on the property. The home is fully fenced with a new gate providing security and privacy. Designed for sustainable living, the property features solar power, rainwater catchment, and a septic system. The open floor plan includes a functional kitchen, spacious living area, and large windows to maximize natural light and views. The covered lanai is perfect for outdoor living, overlooking the lush surroundings. The 10 acres of land and natural creek makes this an ideal property for the equestrian or animal lover. In addition to the beautiful 10ac., there's a variety of fruit trees on the property, including; Mango, Lemon, Tangerine, Orange, Papaya, Banna, Avocado, Guava and Lilikoi. A short drive from Hilo, this property combines privacy and convenience. If you're looking for a self-sufficient lifestyle in a stunning natural setting, this home is ready for you. *Take a look at the video of the property*

29-2584 Kaiwiki Homestead Rd, HAKALAU

Listing courtesy of Coldwell Banker Island Properties - Kona.

$2,790,000
3 Beds 5 Baths 715103 MLS ['Fee Simple'] Tenure
Discover an exclusive sanctuary along the iconic Onomea Scenic Route, where sweeping ocean views, ultimate privacy, and some of Hawai’i’s finest soils await. Welcome to this remarkable estate, featuring a custom gated entry, manicured grounds, a beautifully designed 3-bedroom, 3.5-bathroom home, and a large detached 10+ car garage with its own facilities, offering ample space for vehicles, farm equipment, and more. This impeccable 3-bedroom, 3.5-bath home features a split floor plan with an elegant primary suite separated from the additional bedroom suites by an open-plan great room that seamlessly flows out to the lanai. Renovations include natural stone flooring throughout, a new kitchen with a gas range, quartz countertops, custom cabinetry, and high-end appliances. The previous garage has been converted into a spacious rec room or home gym. Additional upgrades include new Hardie panel siding, standing seam metal roof, high-end fixtures throughout, and a solar hot water heater. Each bedroom suite features a walk-in closet, and a luxurious bathroom. The lanai, with triple-track doors, expands the living area and captures stunning ocean views for classic Hawaiian indoor-outdoor entertaining. A gazebo with a hot tub provides a perfect spot to relax equipped with a dedicated Tempra on-demand heater for flex operation: Conventional or fresh hot water with each use. Ideally located along the historic 4-mile stretch of Old Mamalahoa Highway, well known as Onomea Scenic Drive, with recreational opportunities and quaint towns to the north, shoreline walks on the Pepe’ekeo point coastline below and Onomea bay and Hilo town to the south. All within a 10 minute drive or bike ride. It’s a walking and running paradise. Future subdivision potential or additional dwellings with this RS-10 zoning along with the new ADU rules, check with the County for more information! Available for purchase along with MLS 7151205. See 715590 for combined listing.

28-1187 Old Mamalahoa Highway, PEPEEKEO

Listing courtesy of Salt Water Real Estate LLC.

$1,690,000
3 Beds 3 Baths 715205 MLS ['Fee Simple'] Tenure
This 5.74 -acre estate along the scenic Old Mamalahoa Highway offers sweeping ocean views, stream frontage, rich and productive soils, park-like acreage, and a producing longan orchard with a variety of mature fruit trees, including citrus, avocado, mango, coconut, soursop, lychee, jackfruit, breadfruit, and rambutan. Just 10 minutes from downtown Hilo, this gated estate combines privacy with Hamakua Coast charm, while providing convenient access to Hilo town amenities. The 3-bedroom, 3-bath, two-story home was completely renovated in 2020, featuring a new roof, Hardie board siding, new flooring, a beautifully remodeled kitchen with high quality fixtures, new appliances, updated bathrooms, refreshed lighting, and a full interior and exterior repaint. The home is equipped with all utilities, including municipal water, high-speed internet, a grid-tied photovoltaic system, and underground power. Perfectly positioned along the historic 4-mile stretch of Old Mamalahoa Highway, also known as Onomea Scenic Drive, well known for its tropical landscapes, ocean vistas, Onomea Botanical Gardens, and public access to the stunning Onomea Bay. It’s a dream route for walkers, cyclists, and runners alike. Future subdivision potential or additional dwellings with this RS-10 zoning along with the new ADU rules, check with the County for more information! Available for purchase along with the adjacent estate; MLS 715103 for a total of 11.5 acres. See MLS 715590 for the combined listing.

28-1167 Old Mamalahoa Highway, PEPEEKEO

Listing courtesy of Salt Water Real Estate LLC.

$450,000
2 Beds 3 Baths 669256 MLS ['Fee Simple'] Tenure
Fixer. Handicap Accessible Acorn stairlift to the second floor. Seller motivated. Cute 2 bed 2.5 bath home on large lot over a quarter acre, off an attractive paved circle road, with HELCO power and County water, in nice area of Hilo minutes to Prince Kuhio shopping Center, Puainako Center, Walmart, Target, Home Depot, Hilo Airport, Hilo Municipal Golf Course, Beach Parks, University of Hawaii at Hilo, and much more. Seller says this Home is a Hurricane Resistant Deltec Home and that when his family built the house in 1992 his father carefully chose the biggest, highest and best lot in the subdivision with the best views. Great convenient location just off main Highway. Bring your vision and upgrade this diamond in the rough. There are mature and young fruit trees in the yard, including naval orange, apple banana, Meyer lemon, tangerine, jabong (large aromatic citrus), Chatwell Avocado, Tahitian coconut, Passion Fruit aka Lilikoi as well as garden vegetables, berries and flowers. Per Seller approx 1,200 sqft open concrete slab under house is partially enclosed with a possibly unpermitted wall, storage area, and studio "unit" with separate entrance & toilet/shower. Seller states this home is constructed of Southern yellow pine and Cedar with an asphalt shingle roof that is ready to be replaced. With some TLC this might just be your ideal Big Island home in paradise. Distressed Property. Pre Foreclosure. Use Distressed Property Addendum.

126 Kinai Pl, HILO

Listing courtesy of Sherrill A Erickson dba HALE 414.

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.