Ad #6573605
MLS #202518347
High-Cash-Flow Investment in Downtown Hilo -Now $495,500 Hoku
82 Hoku St D, Hilo, HI 96720
$365,000
9Beds
3Baths
3,900Sqft
--Acres
About this property
High-Cash-Flow Investment in Downtown Hilo -Now $495,500 Hoku Street,Hilo,HI 96720 This Downtown Hilo property offers strong income and even higher potential through room-by-room rentals. Homes rented by the room typically earn significantly more monthly income, provide more stable cash flow, and generate higher long-term returns. With 9 rentable rooms, 3 bathrooms, and 2 full kitchens (upstairs and downstairs), the property is already producing solid revenue and can be improved further. Income & ROI: - Current gross income: $70,000-$80,000+ per year - At $495,500 - gross ROI of 13.1% at $70K/year or 15% at $80K/year - Opportunity to increase ROI through optimized room-by-room rentals - Additional tax benefits from depreciation and write-offs - Multi-tenant setup reduces vacancy risk and enhances income stability Why Room-by-Room Works Well Here: - Higher total income than whole-house rentals - Strong demand from students, workers, and medical professionals - Ideal for investors seeking high NOI and rent per square foot - Flexible layout suited for shared housing, workforce rentals, or multi-family use
Property Features
9 Beds
3 Baths
3,900 Sqft
Built in 1945
0.000 Acres
2 Stories
Carport, Garage
Siding: Single Wall
$3,468 / yr property tax
Hawaii County
HILO Community
Additional Photos
Contact Information
Nathalie C Mullinix
Nathalie Mullinix REALTY UNIVERSAL®, Inc.
808-261-0350
Location
Listing Agent: Nathalie C Mullinix (License #: RB-17596) 808-261-0350
Broker: Nathalie Mullinix REALTY UNIVERSAL®, Inc. 808-261-0350 Listing Site
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Nathalie Mullinix REALTY UNIVERSAL®, Inc. 808-261-0350 Listing Site
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$365,000
9
Beds
3
Baths
3,900
Sqft
82 Hoku St D, Hilo, HI 96720
By contacting this agent you agree to these Terms and Conditions.
MLS# 202518347
High-Cash-Flow Investment in Downtown Hilo -Now $495,500 Hoku
$365,000
82 Hoku St D, Hilo, HI 96720
9
Beds
3
Baths
3,900
Sqft
--
Acres
$365,000
82 Hoku St D, Hilo, HI 96720
9 Beds
3 Baths
3,900 Sqft
-- Acres
High-Cash-Flow Investment in Downtown Hilo -Now $495,500 Hoku Street,Hilo,HI 96720 This Downtown Hilo property offers strong income and even higher potential through room-by-room rentals. Homes rented by the room typically earn significantly more monthly income, provide more stable cash flow, and generate higher long-term returns. With 9 rentable rooms, 3 bathrooms, and 2 full kitchens (upstairs and downstairs), the property is already producing solid revenue and can be improved further. Income & ROI: - Current gross income: $70,000-$80,000+ per year - At $495,500 - gross ROI of 13.1% at $70K/year or 15% at $80K/year - Opportunity to increase ROI through optimized room-by-room rentals - Additional tax benefits from depreciation and write-offs - Multi-tenant setup reduces vacancy risk and enhances income stability Why Room-by-Room Works Well Here: - Higher total income than whole-house rentals - Strong demand from students, workers, and medical professionals - Ideal for investors seeking high NOI and rent per square foot - Flexible layout suited for shared housing, workforce rentals, or multi-family use
344 days
on BeachHouse.com
344
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saves
Property Details
HOME DETAILS
9 Beds
3 Baths
3,900 Sqft
Built in 1945
0.000 Acres
2 Stories
EXTERIOR
Carport, Garage
Siding: Single Wall
FINANCIAL & COMMUNITY
$3,468 / yr property tax
Hawaii County
HILO Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
6573605
Viewed
344 times
Listing Status
Active
Added
Sep 01, 2025
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
HiCentral MLS
Source Property ID
202518347
Listing Agent: Nathalie C Mullinix (License #: RB-17596) 808-261-0350
Broker: Nathalie Mullinix REALTY UNIVERSAL®, Inc. 808-261-0350 Listing Site
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Nathalie Mullinix REALTY UNIVERSAL®, Inc. 808-261-0350 Listing Site
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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