420 Ainalako Rd

$1,400,000
Price
6
Beds
2,888 Sq. Ft.
$485 / Sq. Ft.
2,888
Sq. Ft.
$485
per Sq. Ft.

Description

Interested in a successful, income producing, multi-unit property just outside of historic and vibrant Hilo town? Looking for acreage on a well-maintained, beautifully landscaped, fenced lot? Perhaps a country estate, private compound or tranquil oasis is what you seek? If so, look no further, as this property offers infinite possibilities! Situated on 1.14 acres in the upper elevations of Hilo, this special property offers multiple permitted structures - including a main home and Ohana cottage,...Interested in a successful, income producing, multi-unit property just outside of historic and vibrant Hilo town? Looking for acreage on a well-maintained, beautifully landscaped, fenced lot? Perhaps a country estate, private compound or tranquil oasis is what you seek? If so, look no further, as this property offers infinite possibilities! Situated on 1.14 acres in the upper elevations of Hilo, this special property offers multiple permitted structures - including a main home and Ohana cottage, an oversized warehouse and separate storage/flex buildings. Multiple tenants currently call this property home so it could continue to be used as a thriving rental or an alternative opportunity, the owners had previous plans for the construction and operation of a multi-unit independent elderly care facility. With beautifully crafted tongue & groove open beam ceilings, the main home is airy and bright, boasting an open floor plan, perfect for gathering and entertaining. The cheerful living room flows seamlessly into the kitchen and dining area where a functional kitchen with plenty of space to cook and create awaits! Offering a primary ensuite with extra space for an office, craft corner or reading nook, a second bedroom and an additional bathroom, the main home totals approximately 1,720 sqft under roof. The renovated Ohana is a quaint 1/1 cottage with its own private entrance and covered parking. The cottage provides for a separate electric meter, phone and cable option, totaling 960 sqft under roof. With over 1,800 sqft to offer, partitioned spaces and a full bath, the warehouse features high ceilings, plenty of storage, enough space for multiple vehicles/equipment and an additional detached garage. A storage/flex building beside the main home offers even more uses, with two rooms and a bath, totaling more than 800 sqft. Income potential on a country estate close to conveniences, this property is surely a rare find!

Property Details for 420 Ainalako Road

View
Mountain(s)
Waterfront
No
Subdivision Name
PIERSON II SUBDIVISION
Zoning
A-1A
LISTING UPDATED: 10/16/2025 06:36 AM

Property Details for 420 Ainalako Road

StatusActive
MLS #723644
Days on Market105
Taxes$10,265 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1986
Lot Size1.14 AC / 49,789 SF
CountyHawaii County

Location

Listing Courtesy of Iokua Real Estate, Amber L.H. Chandler, License #RS-81634
Add your commute

Building Information for 420 Ainalako Road

Stories-Residences-Year Built1986Building Size-Lot Size1.14 AC / 49,789 SF

Payment Calculator

$7,773 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,918

Property Taxes

$855

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 420 Ainalako Road

Summary
Location and General Information
  • Flood Zone: AH, X
  • Lava Zone: 3
  • Directions: From Ainola Dr, turn left onto Ainalako Rd (first left after Haihai St). Drive approx 0.8 miles. Property is on the right with gate and wooden fence.
  • Topography: Fairly Level
  • Latitude: 19.65886466
  • Longitude: -155.09109013
  • Year Built: 1986
  • Road Frontage Type: Road/Street
  • Roads: County, Paved
Taxes and HOA
  • Association Fee Frequency: Monthly
  • Tax Year: 2025
  • Association Fee: $0
  • Tax Annual Amount: $10,265
  • Tax Assessed Value: 1097900.0
  • Parcel Number: 3-2-4-78-8
  • Tax key: 324078008
  • Tax Lot: A-1
Parking
  • Carport Area Units: Square Feet
  • Garage Area Units: Square Feet
  • Parking Features: Attached, Covered, Detached, Other
Property
Lot Information
  • Lot Size Units: Square Feet
  • Other Building Area: 912.0
  • Living Area Units: Square Feet
  • Other Building Area Units: Square Feet
  • Roofed Area Units: Square Feet
  • Land Tenure: Fee Simple
  • Living Area: 2888.0
  • Lot Size Area: 49789.0
Property and Assessments
  • Special Assessment Amount Frequency: Monthly
  • Assessment Year: 2025
  • Covenants Conditions Restrictions: No
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Agriculture Dedicated: No
Utilities
  • Internet Access: Cable, Wireless
  • Sewer: Cesspool
  • Solid Waste Disposal: None
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available
Interior and Exterior Features
Exterior Features
  • Exterior Area Units: Square Feet
  • Pool: No
  • Fencing: Other
  • Structures: Yes
  • Security Features: Smoke Detector(s)
Interior Features
  • Washer Dryer Type: Dryer, Washer
  • Elevation Units: Feet
  • Bathrooms Total: 4
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Flooring: Other
  • Interior Features: High Ceilings
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 6
Rental
Rental Information
  • Leasable Area Units: Square Feet

Property History for 420 Ainalako Road

DateEvent & SourcePriceAppreciation
Oct 16, 2025

Price Change

HIS #723644

$1,400,000—
Sep 4, 2025

Listed (Active)

HIS #723644

$1,450,000—
Aug 9, 2024

Temporarily Off Market

HIS #708201

—
Feb 22, 2024

Listed (Active)

HIS #708201

$1,275,000—
Jul 5, 2019

Sold (Public Record)

Public Record #648038679

$600,000

+3.2% / yr

Jul 15, 2002

Sold (Public Record)

Public Record #97134023

$349,000—
Jul 15, 2002

Sold

HIS #105500

$349,000—
May 6, 2002

Contract Signed

HIS #105500

—
Oct 19, 2001

Listed (Active)

HIS #105500

$349,000—
Dec 31, 1997

Sold

HIS #83843

$235,000—
Dec 15, 1997

Contract Signed

HIS #83843

—
May 30, 1997

Listed (Active)

HIS #83843

$299,000—
DateEvent & SourcePrice
10/16/2025

Price Change

HIS #723644

$1,400,000
09/04/2025

Listed (Active)

HIS #723644

$1,450,000
08/09/2024

Temporarily Off Market

HIS #708201

—
02/22/2024

Listed (Active)

HIS #708201

$1,275,000
07/05/2019

Sold (Public Record)

Public Record #648038679

$600,000

+3.2% / yr

07/15/2002

Sold (Public Record)

Public Record #97134023

$349,000
07/15/2002

Sold

HIS #105500

$349,000
05/06/2002

Contract Signed

HIS #105500

—
10/19/2001

Listed (Active)

HIS #105500

$349,000
12/31/1997

Sold

HIS #83843

$235,000
12/15/1997

Contract Signed

HIS #83843

—
05/30/1997

Listed (Active)

HIS #83843

$299,000

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

Public Records for 420 Ainalako Road

Taxable ValueLand$262,600Additions$835,300Total$1,097,900
Tax Record2025$10,265 ($855 / month)
Home Facts
Beds3Baths6Total Finished SqFt1,192 SqFtAbove Grade Finished SqFt1,192 SqFtStories1Lot Size49,796 SqFtStyleSingle Family ResidenceYear Built1986ZoningA-1ACountyHAWAIIAPN3-2-4-078-008

Schools near 420 Ainalako Road

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - PK to 8
Rating
School
Distance
Waiakeawaena Elementary School
PublicPK to 5

Waiakea Intermediate School
Public6 to 8

Waiakea High School
Public9 to 12

Kua O Ka La - Public Charter School
CharterPK to 8

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.

Similar Homes

Similar Sold Homes

420 Ainalako Road is a multi-family home for sale in Hilo, HI 96720. This property was listed for sale on September 4, 2025 by Iokua Real Estate, it's currently listed at $1,400,000. It has been on the market for a total of 105 days and was last sold on July 5, 2019. This listing's school district is Hawaii Department Of Education. Nearby schools include Waiakeawaena Elementary School, Waiakea Intermediate School and Waiakea High School. 420 Ainalako Road is a 6-bed, 4-bath, 2,888 sqft multi-family home built in 1986.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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.

Listing Courtesy of Iokua Real Estate, Amber L.H. Chandler, License #RS-81634

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.