Description
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:...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
- Listed by Nathalie C Mullinix • License #RB-17596 • Nathalie Mullinix R. U., Inc. • (808) 261-0350
Property Details for 82 Hoku Street, Unit D
Property Details for 82 Hoku Street, Unit D
| Status | Active |
|---|---|
| MLS # | 202518347 |
| Days on Market | 134 |
| Taxes | $289 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Single Family |
| Year Built | 1945 |
| Lot Size | 0.10 AC / 4,312 SF |
| County | Hawaii County |
Location
Building Information for 82 Hoku Street, Unit D
Payment Calculator
$2,896 per month
30 year fixed, 6.15% Interest
$2,607
$289
$0
Property Information for 82 Hoku Street, Unit D
- Topography: Level
- City: Hilo
- County Or Parish: Hawaii
- State Or Province: HI
- Location: Dead End
- Tax Amount: $289.00
- Tax Assessed Value: $311,900.00
- Tax Assessed Value Improvements: $181,500.00
- Tax Assessed Value Land: $130,400.00
- Tax Excemption Owner Occupancy: 0
- Tax Year: 2025
- Parcel Number: 3-2-2-016-033-0000
- HOA YN: No
- Parking Features: 2 Car, Carport
- Parking Total: 2
- Property Sub Type: Single Family
- Property Type: Single Family
- Road Frontage: Paved Rd
- SQFT Roofed Living: 3900.0
- Sqft Total: 3900.0
- Land Recorded: Regular System
- Lot Features: Clear
- Lot Size Area: 4312.0
- Year Built: 1945
- Year Remodeled: 1945
- Appliances: None
- Photo Count: 16
- New Development Construction: No
- Property Condition: Average
- Special Listing Conditions: None
- Disclosures: Property Disclosure Stmt
- Foreclosure: No
- Fractional Ownership: No
- Condo Property Regime: No
- Set Backs: Of Record
- Supplement Count: 0
- TMK Area: 322
- TMK Condo Property Regime Number: 0
- TMK Division: 3
- TMK Parcel: 33
- TMKPLAT: 16
- TMK Section: 2
- TMK Zone: 2
- Utilities: Overhead Electricity, Public Water
- Construction Materials: Single Wall
- Easements: None
- Flooring: Laminate, Vinyl
- Pool Features: None
- Roof: Aluminum/Steel
- Baths Full: 3
- Baths Half: 0
- Baths Total: 3.0
- Beds Total: 9.0
- Unit Number: D
- DOM: 111
- Immoviewer: No
- Listing Service: MLS Entry ONLY
- MLS: HI Central
- MLS Area Major: S. Hilo
- Status: Active
- Public Remarks: 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
- Possession: At Closing
Property History for 82 Hoku Street, Unit D
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 5, 2025 | Price Change HICENTRAL #202518347 | $535,000 | — |
| Aug 26, 2025 | Price Change HICENTRAL #202518347 | $625,000 | — |
| Aug 26, 2025 | Listed (Active) HICENTRAL #202518347 | $535,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/05/2025 | Price Change HICENTRAL #202518347 | $535,000 |
| 08/26/2025 | Price Change HICENTRAL #202518347 | $625,000 |
| 08/26/2025 | Listed (Active) HICENTRAL #202518347 | $535,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 82 Hoku Street, Unit D
Schools near 82 Hoku Street, Unit D
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 12 |
Rating | School | Distance |
|---|---|---|
Chiefess Kapiolani Elementary School PublicPK to 6 | ||
Hilo Intermediate School Public7 to 8 | ||
Hilo High School Public9 to 12 | ||
Connections - New Century Public Charter School CharterK 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.
Similar Homes
Similar Sold Homes
Explore Nearby Homes
- Hawaii Homes for Sale
- Kaumana Homes for Sale
- Kaumana Lani Homes for Sale
- Kaumana Terrace Homes for Sale
- Niupea Homes for Sale
- Paauhau Homes for Sale
- Paukaa Homes for Sale
- Puna Homes for Sale
- Section 3 Homes for Sale
- Section 7 Homes for Sale
- Section 8 Homes for Sale
- South Hilo Homes for Sale
- Waiakea Homes for Sale
- Wainaku Homes for Sale
- Kukaiau Homes for Sale
- Mountain View Homes for Sale
- Hilo Homes for Sale
- Hakalau Homes for Sale
- Papaikou Homes for Sale
- Keaau Homes for Sale
- Kurtistown Homes for Sale
- Volcano Homes for Sale
- Pepeekeo Homes for Sale
- Paauilo Homes for Sale
- Ookala Homes for Sale
- Honomu Homes for Sale
- Laupahoehoe Homes for Sale
- Papaaloa Homes for Sale
- Ninole Homes for Sale
- Pahoa Homes for Sale
- 96771 Homes for Sale
- 96749 Homes for Sale
- 96785 Homes for Sale
- 96781 Homes for Sale
- 96774 Homes for Sale
- 96764 Homes for Sale
- 96776 Homes for Sale
- 96760 Homes for Sale
- 96783 Homes for Sale
- 96728 Homes for Sale
- 96778 Homes for Sale
- 96727 Homes for Sale
- 96710 Homes for Sale
- 96743 Homes for Sale
- 96773 Homes for Sale
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 Nathalie Mullinix R. U., Inc., Nathalie C Mullinix, License #RB-17596
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.