1365 Kalanianaole St, Hilo, HI 96720

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 $500,000 Short-term vacation rental potential Three stories: First level is covered parking; second and third levels are residential On-site laundry facility Newer roof and building fumigated in 2024 Covered parking for all units plus guest parking in front Units feature spacious lanais, ideal for relaxing and enjoying island life Excellent opportunity for investors looking for stable income with upside potential in a highly desirable area. Steps from Hilo’s beaches, dining, and shopping.