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Ohana
* Second home allowed on either a residential or an agricultural zoned property.
Surf
Body Surfing
Tow-in Surfing
Near beaches
Near parks
Golf
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Hilo homes

1 home for sale

$535k  $90,000
Hilo
82 Hoku Street unit D, Hilo
Home
9 bd
3,900 sqft
$535,000  $90,000
9
bd
3,900
sqft
High-Cash-Flow Investment in Downtown Hilo –Now $535,000 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 $535,000 — 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

Lifestyle & outdoors In Hilo

1 surf spot in this area

Honoli'i
Type: surfing
No park nearby

1 beach in this area

Unnamed beach

1 golf course in this area

Banyan Golf Course

Essentials in Hilo

Hospital is about 2 min drive
Supermarket is about 10 min walk
Airport is about 9 min drive
Farmers market is about 60 min drive
* distance is calculated by average per house. Some homes maybe closer to the essentials

Living in Hilo Hilo is a neighborhood in the South Hilo district of Big Island.

Supermarkets are about 10 min walk, the nearest Hospital is about 2 min drive and the airport is about 9 min drive.

Hilo is car dependent.

Nearby lifestyles include surfing and golf.

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