73-1203 Ahulani St, Kailua Kona, HI 96740

Multi-Family & Investment Opportunity in Kailua-Kona! Rare opportunity to own two substantial homes on a beautifully landscaped half-acre property in the desirable Kona Coastview neighborhood of Kailua-Kona, Hawaii. Whether you are seeking a multi-generational living arrangement, long-term rental income, employee housing, or a flexible investment property, this unique offering provides exceptional versatility and value. The rear residence features approximately 2,936 square feet of living area with 4 bedrooms, 4 bathrooms, multiple levels, expansive living spaces, excellent natural ventilation, and three separate lanais designed to embrace Kona's year-round indoor-outdoor lifestyle. An additional lower-level area offers potential for a workshop, storage, hobby space, or covered parking. The front residence offers approximately 2,013 square feet with 3 bedrooms and 3 bathrooms, creating additional opportunities for rental income, extended family living, or guest accommodations. Both homes have recently benefited from roof upgrades, including new roofing, adding peace of mind for future ownership. Multiple tenants are currently in place, making this an attractive income-producing property from day one. The lush tropical grounds create a private island retreat, featuring producing avocado trees, apple bananas, pineapple, loquat, plumeria, and multiple varieties of mango. Enjoy fresh fruit from your own backyard while surrounded by mature tropical landscaping. Conveniently located near Kona International Airport, downtown Kailua-Kona, Aliʻi Drive, shopping, restaurants, golf courses, and some of the Big Island's most beautiful beaches. Additional features include fee simple ownership, county water service, paved county roads, and no CC&Rs. A rare opportunity to own a versatile multi-family property with income potential in one of Kailua-Kona's most convenient locations.