$1,145,500

127 Kanoelani St Unit 1 Hilo, HI 96720

$10,000
Closing credit¹
7 beds
4 full
5,746 sqft
$199 / sqft
House

Property details

About 127 Kanoelani St Unit 1

Prime Multi-Unit Property with Income Potential & Owner-Occupant Opportunity<br><br>This exceptional multi-unit property, located on a spacious 26,640 sq ft lot with two private driveways, offers a unique opportunity for both investment and owner-occupancy. Recently remodeled and move-in ready, the layout ensures privacy for all units while maximizing rental income potential.<br><br>Front Home: Features three units:<br><br>Main Unit: A 3-bedroom, 2-bathroom home with generous living space, a large lanai, and a 2-car carport.<br>Upstairs Unit: A 1-bedroom, 1-bathroom unit with a kitchen, private access, exterior lanai, and 2-car carport.<br>Downstairs Unit: A 1-bedroom, 1-bathroom unit with its own carport, ideal for small households. All three units are occupied, generating reliable rental income.<br>Back Home: A spacious 4-bedroom, 2-bathroom home with a carport, currently vacant, offers an ideal opportunity for owner-occupancy. The back home also includes a 1-bedroom, 1-bathroom unit, which is being leased for additional rental income.<br><br>While distant ocean views from the back lanai enhance the peaceful atmosphere, the true value of this property lies in its versatility. The large lot offers ample space for landscaping, gardening, and additional privacy.<br><br>Whether you choose to live in the back home while collecting income from the front units or lease all units for maximum cash flow, this property offers long-term financial potential. A rare opportunity to invest in both a tranquil residence and a profitable rental property.<br><br>E Komo Mai (Welcome and Come on by)<br>The information herein, while deemed reliable, may contain inaccuracies or be incorrect & is provided without warranty or guarantee of any kind. Buyer & buyer's agent to perform due diligence and investigate & confirm all pertinent & material facts. Sold As-Is. There are no guarantees or warranties

Highlights

Home typeSingle Family Residence
StatusActive
Size5,746 sqft
Year built1987
ParkingAttached, None
MLS #712511

Summary

  • MLS Number: 712511
  • Office Name: Hara Chun Realty, LLC
  • Office Phone: (808) 936-3297

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Those properties marked with Hawaii Information Service's icon are provided courtesy of Hawaii Information Service Multiple Listing Service™ system. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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Last updated on: 3/14/2025, 1:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$1,145,500

127 Kanoelani St Unit 1

$10,000

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

5

Waiakea Elementary School

Public District PK-5

0.4 mi

180 W Puainako St

8

Waiakeawaena Elementary School

Public District PK-5

0.9 mi

2420 Kilauea Ave

4

Chiefess Kapiolani Elementary School

Public District PK-6

1.6 mi

966 Kilauea Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $43,640. The most common annual income of people living in Hilo, HI is between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

41%
<35k
42%
35k-100k
10%
100k-200k
7%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

51%
Single, No Kids
8%
Single, with Kids
27%
Married, No Kids
14%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
7%
12-17 yrs old
18%
18-34 yrs old
36%
35-64 yrs old
28%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Hiking/backpackingHiking/backpacking
  • Horse RacesHorse Races

Where do the neighbors shop?

  • Stein MartStein Mart
  • Nordstrom RackNordstrom Rack
  • Chico'sChico's

Where do the neighbors go to eat?

  • Bonefish GrillBonefish Grill
  • ChipotleChipotle
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • LincolnLincoln
  • MazdaMazda
  • BuickBuick

What do the neighbors listen to?

  • ClassicalClassical
  • RockRock
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Hilo, HI

About 127 Kanoelani St Unit 1

This home is located at 127 Kanoelani St Unit 1 in Hilo, HI and zip code 96720. This 5,746 square foot home was built in 1987. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 4, 2025 and is currently priced at $1,145,500.

The inventory of homes for sale in Hilo, HI between January and February 2025 increased by 12.3%. Listings spent 218 days on the market in February 2025, and had a median list price of $635,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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