1940 KAUMANA DR Hilo, HI 96720
9 Beds
4 Baths
3,194 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,194 sqft
Price per Sqft $266
Subdivision Kaumana Houselots
MLS Listing ID 731095
Bedrooms 9
Full Baths 4
HOA Y/N No
Year Built 1950
Annual Tax Amount $6,384
Tax Year 2025
Lot Size 0.517 Acres
Source Hawaii Information Service
Land Area 22500
Property Description
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.
Location
State HI
County Hawaii Island (big Island)
Community Kaumana Houselots
Area Hi
Zoning RS-10
Region South Hilo
City Region South Hilo
Interior
Flooring Carpet
Exterior
Parking Features Unassigned
Utilities Available Cable Available, Electricity Available, Phone Available
View Y/N Yes
View Mountain(s)
Garage No
Private Pool No
Building
Lot Description Cul-De-Sac, Rocky
Sewer Cesspool
Others
Ownership Full
Acceptable Financing 1031 Exchange, Cash, Conventional, HULA MAE, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, HULA MAE, VA Loan
Special Listing Condition Fee Simple, Standard
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