347 Iliahi St, HILO, HI 96720

$449,000
15
BD
5
BA
4,866
SqFt

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Sold Price
$449,000
List Price
$449,000
Days on Market
738
Closing Date
Feb 24, 2026
MLS#
705740
Status
CLOSED
Type
Multifamily
Bedrooms
15
Bathrooms
5
Living Area
4,866
Land Tenure
Fee Simple
Neighborhood
Puueo Lots
Subdivision
Puueo Lots

Property Description

Fully functioning 15 unit multi-family building just a few minutes from downtown Hilo. This permitted three-story building was converted from a single-family residence to a 15 unit congregate dwelling with three and a half bathrooms and three full kitchens to service each floor. The lower level consists of six units, the second level consist of five units and the third floor consist of four units. All units being rented for $600/month. The community of tenants are required to follow a set of house rules, and “good neighbor” principles guided by the mutual respect and trust of their fellow tenants. Such a methodology has been the cornerstone for the continued success of this prosperous multifamily rental business. Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.

Additional Information

View
Mountain(s), Sunset
Zoning
RM-1
Lot Size
12,543
Frontage
Road/Street
Topography
Steep Slope
District
South Hilo
Year Built
1918

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Listing courtesy of Better Homes and Gardens Real Estate Hank Correa Realty. Selling Office: .

Based on information from the Multiple Listing Service of the Hawaii Information Service listings last updated . Information is deemed reliable but not guaranteed. Copyright 2026 by the Hawaii Information Service Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer’s agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.