#717943, Listing Office: Salt Water Real Estate LLC
127 Kanoelani St Unit 1 Hilo, HI 96720
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
Summary
- MLS Number: 712511
- Office Name: Hara Chun Realty, LLC
- Office Phone: (808) 936-3297
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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
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Price information
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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.
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.
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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.