Views
Address
1940 Kaumana Dr, Hilo, HI
Price
$ 850,000
Property Attributes
- MLS#731095
- TypeSingle Family
- Listing Status A
- CountyHAWAII
- CityHilo
- AreaSouth Hilo
- NeighborhoodKAUMANA HOUSELOTS
- Zip96720
- Style
- Year Built1950
- Taxes$ 6384
- Price$ 850,000
- Bedrooms9
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3194
- Lot Size0.516529 Acres
Data Source:
Hawaii Info Service (HISMLS)
Property Description
Rare Multi-Unit Income Opportunity in the Heart of Hilo Versatile three-unit property on a generous 22,500 sf RS-10 lot with potential for subdivision. The front duplex offers two spacious 3-bedroom/1-bath units, one upstairs and one downstairs, while a detached 3-bedroom/2-bath home sits privately at the rear. In total, approximately 3,200 sf of rentable living area, plus a centrally located 3-car garage. Each building has its own separate water and electric meters, making multi-tenant management simple. Two units are currently tenant-occupied and generating income. The vacant back house is ready for an owner-occupant or a new tenant, offering immediate flexibility and strong upside as units turn. Additional value-add potential: the seller obtained carport permits for the front and rear of the property (not yet built; may still be valid) and previously explored subdividing the lot with separate access off Pala Lane. RS-10 zoning may allow subdivision. Buyer to verify with the County of Hawai'i Planning Department. Whether you're looking to live in one unit while renting the others or seeking a pure investment play, this property delivers, all in a convenient, established Hilo neighborhood just minutes from town. Sold AS-IS. Buyer and buyer's agent to verify all information.
| Price History | |
|---|---|
| 6/10/2026 | Listed $850,000 |
General Features
| Sewer | Cesspool |
|---|---|
| Utilities | Cable Available, Electricity Available, Phone Available |
| Zoning | RS-10 |
| HOA Fee | 0.0 |
| Land Tenure | Fee Simple |
| Year Built | 1950 |
| View | Mountain(s) |
| Tax Year | 2025 |
| Ownership | Full |
| Assoc Fee Paid Per | Monthly |
| Property Type | Residential |
| Subdivision Name | KAUMANA HOUSELOTS |
| Full Baths | 4 |
| Status | A |
| City | Hilo |
| Lot Size Units | Square Feet |
| Property Attached Y/N | No |
| Tax Annual Amount | 6384.72 |
| Home Warranty Y/N | No |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Tax Assessed Value | 591200 |
| Tax Lot | 13,21 |
| Listing Terms | 1031 Exchange, Cash, Conventional, HULA MAE, VA Loan |
| Assoc/CIC | None |
| AttributionContact | 8084643847 |
| LeasableAreaUnits | Square Feet |
| Structures YN | Yes |
Interior Features
| Flooring | Carpet |
|---|---|
| Total Bedrooms | 9 |
| Total Baths | 4 |
Exterior Features
| Parking Features | Unassigned |
|---|---|
| Lot Features | Cul-De-Sac, Rocky |
| Lot Size Area | 22500.0 |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 96720
Price
Taxes
Year Built
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2026© by Hawaii Information Service©. All Rights Reserved.
The information provided by AlohaLiving.com® has been compiled and provided in conjunction with 3rd Party sources. This information has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Last Update: September 28, 2026 4:08 PM UTC
