Hilo Real Estate Search

Hilo Properties between $250,000 and $500,000 for Sale

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Newest Hilo Properties between $250,000 and $500,000 for Sale

$435,000
3 Beds ⋅ 1 Baths ⋅ 723760 MLS ⋅ ['Fee Simple'] Tenure
This charming Hilo residence stands proudly in the heart of town, quietly nestled near the historic bayfront and just minutes from the Hilo Farmer's Market, UH Hilo, shops, cafes, and schools. The 3-bedroom, 1-bath home sits on one of two side-by-side lots, both zoned Duplex/Double-family (RD-3.75), offering flexibility and options. Both parcels included in the listing price. This rare in-town opportunity is ideal for those looking to customize a property with potential for a variety of residential uses. Enjoy the lush Hilo climate and the convenience of nearby parks, beaches, and essential services all in an established neighborhood. Listing must be sold with parcel -047.

54 Derby Ln, HILO

Listing courtesy of Property Professionals Hawaii LLC..

$365,000
9 Beds ⋅ 3 Baths ⋅ 723448 MLS ⋅ ['Fee Simple'] Tenure
High-Cash-Flow Investment in Downtown Hilo –Now $395,000 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 $395,000 — 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 Details: • 9 total rooms • 3 bathrooms • 2 full kitchens • Flexible layout for shared housing or rentals • Potential to raise rental value with updates Prime Downtown Hilo Location — walking distance to major employers, hospitals, colleges, stores, restaurants, beaches, parks, and public transportation. High rental demand and rare availability in this area.

82-D Hoku St, HILO

Listing courtesy of Nathalie Mullinix Realty Universal, Inc..

$479,000
2 Beds ⋅ 2 Baths ⋅ 722523 MLS ⋅ ['Fee Simple'] Tenure ⋅ Hale Moana Apartments BLDG.
Enjoy island lifestyle in this ideally located 4th floor end unit 2 bedroom 2 bath condo in Keaukaha. Being an end unit enhances your privacy and quiet enjoyment. A short stroll from iconic Carlsmith Beach Park and the beloved Seaside Restaurant. Be greeted by the beauty of emerald green, lush fauna from your spacious lanai, perfect for relaxing or entertaining. While the Seller has remodeled many features in the unit including kitchen and baths over their ownership there is always more to do or update. Primary bath hosts grab bars in the shower. There may be some other ADA features but unit is not 100% ADA compliant, please do your own research if these are important aspects of a property for you. Maintenance fees include gas, electricity & water along with basic cable. The trees in front of building are on state land that runs in between the Hale Moana and the pacific ocean. There is a small hand cleared trail for ease of access to walk to the tidal ponds that dot the coastline. The swimming pool offers a restroom and changing area for your enjoyment. Currently the only unit offered for sale in the prestigious Hale Moana. Don't miss this opportunity! You will thank yourself as you enjoy the peaceful, private location, cooling tradewinds with abundant natural light. This home offers true comfort in one of Hawaii Islands most sought-after coastal neighborhoods.

1911 Kalanianaole St Unit 401, HILO

Listing courtesy of Mary Begier Realty.

$450,000
2 Beds ⋅ 3 Baths ⋅ 669256 MLS ⋅ ['Fee Simple'] Tenure
Fixer. Handicap Accessible Acorn stairlift to the second floor. Seller motivated. Cute 2 bed 2.5 bath home on large lot over a quarter acre, off an attractive paved circle road, with HELCO power and County water, in nice area of Hilo minutes to Prince Kuhio shopping Center, Puainako Center, Walmart, Target, Home Depot, Hilo Airport, Hilo Municipal Golf Course, Beach Parks, University of Hawaii at Hilo, and much more. Seller says this Home is a Hurricane Resistant Deltec Home and that when his family built the house in 1992 his father carefully chose the biggest, highest and best lot in the subdivision with the best views. Great convenient location just off main Highway. Bring your vision and upgrade this diamond in the rough. There are mature and young fruit trees in the yard, including naval orange, apple banana, Meyer lemon, tangerine, jabong (large aromatic citrus), Chatwell Avocado, Tahitian coconut, Passion Fruit aka Lilikoi as well as garden vegetables, berries and flowers. Per Seller approx 1,200 sqft open concrete slab under house is partially enclosed with a possibly unpermitted wall, storage area, and studio "unit" with separate entrance & toilet/shower. Seller states this home is constructed of Southern yellow pine and Cedar with an asphalt shingle roof that is ready to be replaced. With some TLC this might just be your ideal Big Island home in paradise. Distressed Property. Pre Foreclosure. Use Distressed Property Addendum.

126 Kinai Pl, HILO

Listing courtesy of Sherrill A Erickson dba HALE 414.

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