1940 KAUMANA DR # Hilo HI 96720
KAUMANA HOUSELOTS
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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.
| LOCATION INFORMATION | |
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District: South Hilo |
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| Latitude: 19.68584135 | |
| Subdivision: KAUMANA HOUSELOTS |
| INTERIOR FEATURES | |
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Floors: Carpet |
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| EXTERIOR FEATURES | |
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Septic or Sewer: Cesspool |
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| Zoning: RS-10 | Lot Size in Sq. Ft: 22500 |
| Road Description: County, Paved | |
| Lot Description: Rare 3-unit Hilo income property on 22,500 sf RS-10 lot. | Lot Number: 13,21 |
| Security: Mountain(s) |
| FEATURES | |
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| Additional Information | |
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Tax Key: 325005065 |
Property Type: HOUSE |
| Year Built: 1950 | |
| Taxes: 6384.72 | |
| Land Tenure: Fee Simple |
30 Year Fixed. 3.525% Interest Rate.
| Principal + Interest: | $ |
| Monthly Tax: | $ |
| Monthly Insurance: | $ 157 |
Listed by: Rock Realty LLC
Seller’s Representative:
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HIS data last updated at July 24, 2026 8:54 PM HAST