1303 Kalanianaole St, Unit 112

$2,599,000
Price
12
Beds
3,876 Sq. Ft.
$671 / Sq. Ft.
3,876
Sq. Ft.
$671
per Sq. Ft.

Description

Tremendous opportunity to invest in a rarely available multi-unit vacation rental property just a block from the shoreline and beach. This 12 condo unit (CPR) property offers multiple opportunities. Currently there are 10 STVR permits in place with 6 units being utilized as short term rentals and the reminder 4 have long-term tenants.
Features and summary:
- Sale includes 12 CPR units
- 6 studio units upstairs/6 studio units downstairs
- 10 STVR permits (maximum) in place
- 6 units being utilized as
...Tremendous opportunity to invest in a rarely available multi-unit vacation rental property just a block from the shoreline and beach. This 12 condo unit (CPR) property offers multiple opportunities. Currently there are 10 STVR permits in place with 6 units being utilized as short term rentals and the reminder 4 have long-term tenants.

Features and summary:
- Sale includes 12 CPR units
- 6 studio units upstairs/6 studio units downstairs
- 10 STVR permits (maximum) in place
- 6 units being utilized as STVRs/4 used as longterm rentals
- Split AC in the 6 STVR studio rentals.
- The 4 long-term units have not been renovated
- 1 unit being utilized as office and laundry
- 1 unit utilized as expansion to create double space rental for parties of 4
- Property serviced by sewer
- Recent survey and report available
- 6 active STVR units sold turnkey furnished
- Propane tank on site.

*One of the partners hold a real estate license in the State of California.
*Artwork and Photographs on walls are excluded from sale and available to purchase on a separate bill of sale.

Listing Agents

  1. Steven Ellison

    Steven Ellison

    Listing Agent

    Compass

    License #RB-23832

  2. Kathy Jensen

    Kathy Jensen

    Alternative Listing Agent

    Compass

    License #RB-18899

    kathy.jensen@compass.com

    P: (808)-990-2600

Property Details for 1303 Kalanianaole Street, Unit 112

Waterfront
No
Subdivision Name
KEOKEA HOUSELOTS
Zoning
V-.75
LISTING UPDATED: 10/14/2025 12:01 PM

Property Details for 1303 Kalanianaole Street, Unit 112

StatusActive
MLS #724411
Days on Market59
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCondo / Condominium
Year Built1966
CountyHawaii County

Location

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Building Information for 1303 Kalanianaole Street, Unit 112

Building/Complex1303 Kalanianaole StFloor['Two']Stories-Residences1Pet PolicyNot AllowedPet Policy DetailsNoYear Built1966

Payment Calculator

$12,843 per month

30 year fixed, 6.28% Interest

Principal and Interest

$12,843

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1303 Kalanianaole Street, Unit 112

Summary
Location and General Information
  • Flood Zone: AE
  • Lava Zone: 3
  • Directions: From Hilo airport, turn right on Hwy 11/Hawaii Belt Road, right on Kalanianaole Street. Property is on the left.
  • Topography: Fairly Level
  • Unit Description: Multi-Story, Walk-Up
  • Latitude: 19.73376873
  • Longitude: -155.04163788
  • Year Built: 1966
  • Roads: County, Paved
Taxes and HOA
  • Association Fee Frequency: Monthly
  • Tax Year: 2025
  • Association Fee: $0
  • Tax Annual Amount: $0
  • Tax Assessed Value: 69300.0
  • Parcel Number: 3-2-1-14-72
  • Tax key: 321014072
Parking
  • Carport Area Units: Square Feet
  • Garage Area Units: Square Feet
  • Parking Features: Unassigned
Property
Lot Information
  • Lot Size Units: Square Feet
  • Property Attached: Yes
  • Other Building Area: 708.0
  • Living Area Units: Square Feet
  • Project: Plumeria Apartments
  • Other Building Area Units: Square Feet
  • Roofed Area Units: Square Feet
  • Lot Features: Corner Lot
  • Land Tenure: Fee Simple
  • Living Area: 3876.0
  • Lot Size Area: 8492.0
Property and Assessments
  • Special Assessment Amount Frequency: Monthly
  • Assessment Year: 2025
  • Covenants Conditions Restrictions: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Special Assessment Amount: 0.0
  • Special Assessment: No
  • Agriculture Dedicated: No
  • Public Report Number: 337
Utilities
  • Internet Access: Cable
  • Solid Waste Disposal: Private Contractor
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected
Interior and Exterior Features
Exterior Features
  • Exterior Area Units: Square Feet
  • Pool: No
  • Structures: Yes
Interior Features
  • Washer Dryer Type: Stacked Washer/Dryer
  • Levels: Two
  • Elevation Units: Feet
  • Bathrooms Total: 12
  • Appliances: Microwave, Refrigerator, Washer/Dryer Stacked
  • Bathrooms Full: 12
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total Integer: 12
  • Bedrooms Total: 12
Multi Family
Multi Family Information
  • Number Of Units Total: 1
Income & Expenses
  • Common Area Expenses: Yes
Rental
Rental Information
  • Pets Allowed: No
  • Leasable Area Units: Square Feet

Property History for 1303 Kalanianaole Street, Unit 112

DateEvent & SourcePriceAppreciation
Oct 6, 2025

Listed (Active)

HIS #724411

$2,599,000—
DateEvent & SourcePrice
10/06/2025

Listed (Active)

HIS #724411

$2,599,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1303 Kalanianaole Street, Unit 112

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Charter - PK to 12
Rating
School
Distance
Keaukaha Elementary School
PublicPK to 6

Hilo Intermediate School
Public7 to 8

Hilo High School
Public9 to 12

Ka Umeke Kaeo - Public Charter School
CharterPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1303 Kalanianaole Street, Unit 112 is a condo for sale in Hilo, HI 96720. This property was listed for sale on October 6, 2025 by Compass, it's currently listed at $2,599,000. This listing's school district is Hawaii Department Of Education. Nearby schools include Keaukaha Elementary School, Hilo Intermediate School and Hilo High School. 1303 Kalanianaole Street, Unit 112 is a 12-bed, 12-bath, 3,876 sqft condo built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Hawaii HIS, MAUI MLS and Hi Central. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Hawaii HIS, MAUI MLS and Hi Central is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.