$10,000 Closing Credit¹
#717758, Listing office: Century 21 Homefinders of Hawaii
$799,000 List price
76 Palai St Hilo, HI 96720
$9,488
Closing credit¹
5 beds
3 full, 1 partial
2,092 sqft
$382 / sqft
Multi-Family
Property details
About 76 Palai St
Nice rental property in Hilo. All units have been renovated and are rented. Three individual and separate rentals with carports. One TMK# makes for easy management. Good tenants, good income. Subdivision possible. Buyer is advised to do their due diligence. Cap rate of 7.68% <br>Renovations on all three units:<br>New roofing & refinished in some areas<br>New countertops, Quartz in unit B<br>New paint, interior and exterior<br>New windows in unit B<br>New bathrooms<br>New flooring<br>New lighting, fans<br>New hardware<br>New faucets<br>New carpentry work throughout<br><br>Fumigation was completed. All units have a separate electric meter installed by HELCO. Rent roll: Unit A $1,832.46 Unit B $2,100 Unit C $1,937.17. Cap Rate 7.68%<br><br>The 3 structures are permitted and were built previously to Hawaii county building code in 1976 and are considered legal non-conforming use which does not need a variance from Hawaii county.
Highlights
Home typeTriplex
StatusActive
(A)
(A)
Size2,092 sqft
Year built1954
ParkingAssigned, Attached, Covered, Detached
MLS #710954
Attached garageYes
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Total Bedroom Count: 5
- Attached Garage: Yes
- Parking: Assigned, Attached, Covered, Detached
- List Price: $799,000
- Price/SqFt: $381
- HOA Amount: $0 Monthly
- Year Built: 1954
- Living Area: 2,092 SqFt
- MLS Number: 710954
- MLS Name: Hawaii Information Service
- Office Name: Big Island Properties
- Office Phone: (808) 345-2202
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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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 8:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$799,000
76 Palai St
$9,488
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
8
Waiakeawaena Elementary School
Public District PK-5
0.4 mi
•2420 Kilauea Ave
5
Waiakea Elementary School
Public District PK-5
1.3 mi
•180 W Puainako St
4
Chiefess Kapiolani Elementary School
Public District PK-6
2.6 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 $69,593. Residents of Hilo, HI typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
16%
<35k
59%
35k-100k
21%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
33%
Single, No Kids
16%
Single, with Kids
24%
Married, No Kids
27%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
11%
12-17 yrs old
21%
18-34 yrs old
39%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Extreme Sports
Figure Skating
Where do the neighbors shop?
Dollar General
Academy Sports & Outdoors
Kmart
Where do the neighbors go to eat?
Cracker Barrel
Little Caesars
Bob Evans
What do the neighbors drive?
Ram
Chevrolet
Buick
What do the neighbors listen to?
Classic Country- Country
Oldies
All data provided by Home Junction and Claritas
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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 76 Palai St
The listing price of 76 Palai St property is $799,000.
The property 76 Palai St is a multi located in Hilo, Hawaii, 96720.
Active Listing: 76 Palai St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 76 Palai St are: Waiakeawaena Elementary School (GreatSchools Rating 8/10), Waiakea Elementary School (GreatSchools Rating 5/10), Chiefess Kapiolani Elementary School (GreatSchools Rating 4/10), Waiakea Intermediate School (GreatSchools Rating 4/10), Hilo Intermediate School (GreatSchools Rating 7/10), Keaau Middle School (GreatSchools Rating 3/10), Waiakea High School (GreatSchools Rating 7/10), Connections - New Century Public Charter School (GreatSchools Rating 4/10), Hilo High School (GreatSchools Rating 4/10).
The property 76 Palai St is 2,092 SqFt (source: MLS/tax record).
The year of construction for 76 Palai St is 1954.
This home is located at 76 Palai St in Hilo, HI and zip code 96720. This 2,092 square foot home was built in 1954. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since July 8, 2024 and is currently priced at $799,000.
Hilo, HI housing market in May 2025 saw over 4 listings sold above listed price, more than 3 sold at listed price and over 13 sold below. The number of listings in Hilo, HI increased by 2% between April and May 2025. In May 2025, listings were on the market for 122 days. During the same period, the median list price in this real estate market was $550,000.
From Rocket Homes Real Estate and based on county public records data.