Property details
About 1365 Kalanianaole St
Big, Bold, and Beautiful 28-Unit Apartment Complex – Prime Hilo Location!<br><br>Well-maintained and income-producing 28-unit multifamily property just minutes from downtown Hilo and the beach. Two buildings connected by walkways, offering a total of 24 two-bedroom units and 4 one-bedroom units.<br><br>Fully renovated in 2018: Granite countertops, updated flooring, fresh interior/exterior paint.<br>New Roof along with new asphalt for parking.<br><br>The building was fumigated in 2024.<br><br>Strong rental history with annual rental income over $500,000<br><br>Short-term vacation rental potential<br><br>Three stories: First level is covered parking; second and third levels are residential<br><br>On-site laundry facility<br><br>Newer roof and building fumigated in 2024<br><br>Covered parking for all units plus guest parking in front<br><br>Units feature spacious lanais, ideal for relaxing and enjoying island life<br><br>Excellent opportunity for investors looking for stable income with upside potential in a highly desirable area. Steps from Hilo’s beaches, dining, and shopping.
Highlights
(C)
Summary
- Full Bathrooms: 28
- Total Bedroom Count: 52
- Attached Garage: Yes
- Parking: Attached, Covered
- List Price: $4,975,000
- Price/SqFt: $264
- HOA Amount: $0 Monthly
- Annual Tax Amount: $42,846
- Tax Year: 2024
- Lot: Cleared
- Year Built: 1973
- Living Area: 18,810 SqFt
- MLS Number: 721690
- MLS Name: Hawaii Information Service
- Office Name: Hinano Island Realty LLC
- Office Phone: (808) 430-6779
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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: 7/24/2025, 6:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 31, 2018 | Home Sold | $3,264,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $3,662,100 | $42,846 |
| 2023 | $3,662,100 | $42,846 |
| 2022 | $3,662,100 | $42,846 |
| 2021 | $2,298,800 | $26,895 |
| 2020 | $2,834,600 | $32,739 |
History based on county public records data.
Nearby schools
6
Keaukaha Elementary School
Public District PK-6
0.5 mi
•240 Desha Ave
4
Chiefess Kapiolani Elementary School
Public District PK-6
2.9 mi
•966 Kilauea Ave
7
Hilo Union Elementary School
Public District PK-6
3.4 mi
•506 Waianuenue 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 $35,865. The most common annual income of people living in Hilo, HI is less than $<35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
PGA/LPGA
Where do the neighbors shop?
Family Dollar
Kmart
Stein Mart
Where do the neighbors go to eat?
Dominos Pizza
Bob Evans
Arbys
What do the neighbors drive?
Ford
Buick
Lincoln
What do the neighbors listen to?
New Country
Oldies
News/Talk/Information
Frequently asked questions
Living in Hilo, HI
Transportation in Hilo includes a public bus system that connects residents to key areas within the town and surrounding regions. While schedules vary, the bus service provides a reliable option for those without private vehicles. The area is moderately walkable, particularly in the downtown district, where shops and restaurants are concentrated. For longer distances, a network of roads and highways connects Hilo to other parts of the Big Island, and the Hilo International Airport facilitates air travel. Ride-sharing services are available, complementing the existing transportation options.
The community is served by a network of public and private educational institutions, ensuring a range of options for families. Healthcare services are available through local clinics and the Hilo Medical Center, which provides comprehensive care including emergency services. The public library system supports the town's educational and cultural needs. Retail and dining establishments offer a taste of local flavors and crafts, reflecting the diverse cultural influences of Hilo. City initiatives aim to maintain and improve these services to accommodate the needs of a growing population.
Hilo is celebrated for its laid-back atmosphere and rich cultural heritage. The community prides itself on its strong ties to native Hawaiian traditions and the spirit of Aloha. Residents and visitors alike enjoy the town's vibrant festivals, including the renowned Merrie Monarch Hula Festival, which showcases the island's deep cultural roots and artistic expression. The area's natural beauty, with its lush landscapes and nearby waterfalls, contributes to a serene and inviting community character.
Hilo offers a diverse range of housing options, from charming bungalows to spacious contemporary homes. The housing landscape is characterized by a mix of single-family residences and multi-family units, with single-family homes making up a significant portion of the market. Architectural styles reflect the island's unique cultural blend, with influences ranging from plantation-style to modern Pacific designs. The area has seen a range of development periods, with many homes dating back to the mid-20th century, providing a sense of historical charm.
About 1365 Kalanianaole St
The listing price of 1365 Kalanianaole St property is $4,975,000.
The property 1365 Kalanianaole St is a house located in Hilo, Hawaii, 96720.
Accepting Backup Offers: 1365 Kalanianaole St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 1365 Kalanianaole St are: Keaukaha Elementary School (GreatSchools Rating 6/10), Chiefess Kapiolani Elementary School (GreatSchools Rating 4/10), Hilo Union Elementary School (GreatSchools Rating 7/10), Waiakea Intermediate School (GreatSchools Rating 4/10), Hilo Intermediate School (GreatSchools Rating 7/10), Prince Jonah Kalanianaole Elementary & Intermediate School (GreatSchools Rating 4/10), Ke Ana Laahana - Public Charter School (GreatSchools Rating 4/10), Connections - New Century Public Charter School (GreatSchools Rating 4/10), Waiakea High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $42,846 (source: MLS/based on county public records data).
The last sale was on August 31, 2018 for $3,264,000 (source: MLS/tax record).
The property at 1365 Kalanianaole St has 52 bedrooms and 28 bathrooms.
The property 1365 Kalanianaole St is 18,810 SqFt (source: MLS/tax record).
The year of construction for 1365 Kalanianaole St is 1973.
This home is located at 1365 Kalanianaole St in Hilo, HI and zip code 96720. This 18,810 square foot home was built in 1973. Features: 52 bedrooms, 28 bathrooms. It has been listed on Rocket Homes since June 8, 2025 and is currently priced at $4,975,000.
Over 8 listings were sold over their listed price in June 2025 in Hilo, HI. In the same period over 9 listings were sold below the listed price and 6 listings were sold for the listed price. The number of homes for sale in Hilo, HI increased by 1% between May and June 2025.