Hilo homes for sale - 2 houses

Date	Price	$/sqft	Address
Jan 9, 2026	$630,000	$303.47	301 Ponahawai St, Hilo, HI, 96720
Aug 26, 2025	$535,000	$137.18	82 Hoku Street unit D, Hilo, HI, 96720

$630k

Hilo

301 Ponahawai St, Hilo

Home

4 bd

2,076 sqft

$630,000

4
bd 2,076
sqft

Home for sale

301 Ponahawai St Hilo, Big Island
Neighborhood: Hilo

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 and back downstairs units 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. Both rented units are month to month.

$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

Home for sale

82 Hoku Street unit D Hilo, Big Island
Neighborhood: Hilo

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

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