4 Beds
5 Baths
2,170 SqFt
4 Beds
5 Baths
2,170 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,170 sqft
Price per Sqft $437
Subdivision Lono - Kona Subdivision
MLS Listing ID 731426
Bedrooms 4
Full Baths 3
Half Baths 2
HOA Y/N No
Year Built 1970
Annual Tax Amount $7,630
Tax Year 2025
Lot Size 7,700 Sqft
Property Sub-Type Triplex
Source Hawaii Information Service
Land Area 7700
Property Description
Opportunity awaits with this income-producing multi-unit property in the heart of Kailua-Kona. Currently generating $7,250 per month ($87,000 annually) in rental income, this property offers immediate cash flow while providing significant upside for investors, contractors, or owner-occupants looking to increase value through renovations and improvements.
The current layout includes:
Upper Front Unit: 2 bedroom / 1 bathroom with kitchen and living area
Upper Rear Unit: 1 bedroom / 1 bathroom with kitchen and living area
Lower Unit: 1 bedroom / 1 bathroom
Additional Rental Space: Separate room currently rented, plus five storage rooms and an additional bathroom offering flexibility for storage or other potential uses (buyers to conduct their own due diligence regarding permitted use).
One of the property's biggest advantages is its generous lot with the potential to create additional off-street parking—an attractive feature that can add convenience and increase long-term value.
Conveniently located just minutes from Historic Kailua Village, restaurants, shopping, grocery stores, schools, medical facilities, and the Kona waterfront, the property also offers quick access to Alii Drive, beaches, snorkeling, fishing, and outdoor recreation. Its central location makes it desirable for long-term tenants seeking easy access to employment, services, and everyday amenities.
Whether you're looking to renovate and maximize rental income, build equity through improvements, or occupy one unit while generating income from the others, this property offers exceptional flexibility and investment potential in one of Kona's most convenient locations.
Bring your vision and unlock the possibilities this rare multi-unit opportunity has to offer.
Location
State HI
County Hawaii Island (big Island)
Community Lono - Kona Subdivision
Area Hi
Zoning RD-3.75
Region North Kona
City Region North Kona
Interior
Flooring Ceramic Tile, Vinyl
Exterior
Parking Features Other
Utilities Available Electricity Available, Sewer Connected
View Y/N Yes
View Ocean, Ocean Horizon, Sunset
Garage No
Private Pool No
Others
Ownership Full
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Fee Simple, Standard
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "