1365 KALANIANAOLE ST, HILO, HI 96720

The Alii Kai Apts , Renovated 28 unit apartment complex, Good income .

Listing Provided by: Hinano Island Realty LLC
MLS #: 721690

Description

Big, Bold, and Beautiful 28-Unit Apartment Complex – Prime Hilo Location!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.Fully renovated in 2018: Granite countertops, updated flooring, fresh interior/exterior paint.New Roof along with new asphalt for parking.The building was fumigated in 2024.Strong rental history with annual rental income over $500,000Short-term vacation rental potentialThree stories: First level is covered parking; second and third levels are residentialOn-site laundry facilityNewer roof and building fumigated in 2024Covered parking for all units plus guest parking in frontUnits feature spacious lanais, ideal for relaxing and enjoying island lifeExcellent opportunity for investors looking for stable income with upside potential in a highly desirable area. Steps from Hilo’s beaches, dining, and shopping.

Property Details

Price: $4,975,000
Sold Price:
Address: 1365 KALANIANAOLE ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential Income
Type:

Total Bedrooms: 52
Total Bathrooms: 28
Full Baths: 28
Living Area: 18,810 Square Feet

Listed by: Hinano Island Realty LLC
Year Built: 1973
Levels:

Features and Amenities

Interior Features:
Exterior Features:
View:
Pool:
Pool Features:

Appliances:
Fireplace Features:
Flooring:
Security:
Laundry:

Garage Spaces:
Carport Spaces:
Parking Features: Attached, Covered
Additional Structures:
Home Warranty:

Community Information

Project Name:
Subdivision Name: KEOKEA HOUSELOTS
Association Fee: $0 Monthly

Stories:
Year Established:

Lava Zone: 3
Flood Zone: VE

Land Information

Lot Size: 23,462 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple

Lot Features: Cleared
Frontage Type:
Roads: County, Paved
Roads Frontage Type:

Zoning: V-.75
Horse Amenities:

Additional Details

Assessed Tax Value: $3,662,100
Annual Tax: $42,847
Tax Year: 2023
Tax Lot: 6
Tax Block:

Utilities: Electricity Available, Phone Available, Sewer Connected
Cooling:
Heating:
Sewer:
Water:
Solid Waste Disposal: County-Charge

First Listed June 7, 2025, 1:58 pm
Last Updated June 7, 2025, 1:58 pm
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:

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