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$289,000
1 Beds ⋅ 1 Baths ⋅ 731917 MLS ⋅ ['Fee Simple'] Tenure ⋅ Kona Driftwood Townhouse BLDG.
Kona Driftwood #205 is a one-bedroom, one-bath condo with an ocean-view covered lanai and a convenient location near downtown Kailua-Kona. The freshly painted interior features tile flooring throughout, a gas range, a stacked washer and dryer, and wall A/C. This second-floor walk-up has no unit above and no stairs within the condo. Assigned parking stall #205 is included. The monthly HOA fee includes water, gas, trash service, landscaping, and parking lot maintenance. Leave the car at home and walk to downtown Kailua-Kona, Aliʻi Drive, Kailua Pier, the waterfront, restaurants, shops, and local events. This central Kailua-Kona location provides convenient access to daily necessities.

75-176 Alakai St Unit 205, KAILUA KONA

Listing courtesy of NextHome Paradise Realty.

$950,000
4 Beds ⋅ 5 Baths ⋅ 731426 MLS ⋅ ['Fee Simple'] Tenure
Investment Opportunity at 75-190 Alakai St. A Multi-Unit Property with Strong Rental Income & Value-Add Potential! Opportunity awaits with this income-producing multi-unit property in the heart of Kailua-Kona. Currently generating $7,250 per month ($87,000 annually) in rental income, this property offers immediate cash flow while providing significant upside for investors, contractors, or owner-occupants looking to increase value through renovations and improvements. The current layout includes: Upper Front Unit: 2 bedroom / 1 bathroom with kitchen and living area Upper Rear Unit: 1 bedroom / 1 bathroom with kitchen and living area Lower Unit: 1 bedroom / 1 bathroom Additional Rental Space: Separate room currently rented, plus five storage rooms and an additional bathroom offering flexibility for storage or other potential uses (buyers to conduct their own due diligence regarding permitted use). One of the property's biggest advantages is its generous lot with the potential to create additional off-street parking—an attractive feature that can add convenience and increase long-term value. Conveniently located just minutes from Historic Kailua Village, restaurants, shopping, grocery stores, schools, medical facilities, and the Kona waterfront, the property also offers quick access to Alii Drive, beaches, snorkeling, fishing, and outdoor recreation. Its central location makes it desirable for long-term tenants seeking easy access to employment, services, and everyday amenities. Whether you're looking to renovate and maximize rental income, build equity through improvements, or occupy one unit while generating income from the others, this property offers exceptional flexibility and investment potential in one of Kona's most convenient locations. Bring your vision and unlock the possibilities this rare multi-unit opportunity has to offer.

75-190 Alakai St, KAILUA KONA

Listing courtesy of Coldwell Banker Island Properties - Kona.

$445,000
2 Beds ⋅ 2 Baths ⋅ 729913 MLS ⋅ ['Fee Simple'] Tenure ⋅ Kalawa Gardens BLDG.
Located in the heart of Kona this 2 bedroom 2 bath fee simple condo A3 features spacious living, tile and vinyl plank flooring, in-unit washer and dryer with a private lanai with mountain views to enjoy the tropical lifestyle. Kalawa Gardens is prime location that is minutes away from Downton Kona that offers restaurants, cafes and shops. The HOA fees cover water, sewer, trash and common area maintenance. Kalawa Gardens is a pet friendly (subject to board approval) community and short-term eligible which is a rare opportunity for a fee-simple ownership.

75-5709 Kalawa St Unit A3, KAILUA KONA

Listing courtesy of AA Oceanfront Rentals and Sales.

$1,900,000
4 Baths ⋅ 729363 MLS ⋅ ['Fee Simple'] Tenure
Atrium Court is a two story office building in the heart of Kailua Kona. Across the street from a McDonalds and a block away from Alii Drive

75-167 Kalani St, KAILUA KONA

Listing courtesy of Go Commercial, LLC.

$8,875,000
20 Beds ⋅ 25 Baths ⋅ 730091 MLS ⋅ ['Fee Simple'] Tenure
Rare offering of stabilized apartment income property at Alahou Street Apartments. 25 units in two newer buildings, with 8 2-bedroom units in building A built in 2012 and 15 studio units plus 2 2-bedroom units in Building B built in 2018, both being in excellent condition. Total of 10 2-bedroom units and 15 studio units located in the heart of Kailua-Kona town. With a high barrier to entry due to lack of water and zoned land, there are no new competing projects planned in the area at this time, leading to consistent rental pressure over time and high occupancy, typically pushing 100%. Great parking and walking distance to shopping and dining add to the desirability of this project. Priced at $8,875,000, which represents a 5.5% capitalization rate on Trailing Twelve Months (T-12) financial performance, this Offering provides an excellent opportunity for investing in the Kailua-Kona market, one of Hawaii's most popular resort/residential markets. With the planned new hospital and other growth in the area, continued upward pressure on rents and high occupancy is very likely. Walkability score of 72. Potential to convert the project to a Condominium Property Regime is available.

75-5749 Alahou St Unit 25, KAILUA KONA

Listing courtesy of Pacific Realty Organization LLC.

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.