1940 Kaumana Dr
$850,000
About this property
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.
Property details
- Property type
- Residential
- Year built
- 1950
- Lot size
- 22,500 sf lot
- Land tenure
- Fee Simple
- District
- South Hilo
- Subdivision
- KAUMANA HOUSELOTS
- View
- Mountain(s)
- Parking
- Unassigned
- Pool
- No
- Annual taxes
- $6,385
- Zoning
- RS-10
- MLS #
- 731095
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