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
© 2011 HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 25, 2026 12:15 AM UTC Some of the active listings appearing on this site may be listed by other REALTORS®. We are only showing FEE SIMPLE, ACTIVE listings on this website.
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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 25, 2026 12:01 AM UTC
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