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1303 Kalanianaole St #1-12, 
Hilo, HI 96720

$2,599,000

12

Beds

12

Baths

3,876

Sq Ft

Single Family

Active

Listed by

Steven Ellison

, 

Kathy Jensen

Compass

808-378-5447

Last updated:

October 11, 2025, 11:31 AM

MLS#

724411

Source:

HI HIS

About This Home

1303 Kalanianaole St #1-12

Tremendous opportunity to invest in a rarely available multi-unit vacation rental property just a block from the shoreline and beach. This 12 condo unit (CPR) property offers multiple opportunities. Currently there are 10 STVR permits in place with 6 units being utilized as short term rentals and the reminder 4 have long-term tenants.

Features and summary:
- Sale includes 12 CPR units
- 6 studio units upstairs/6 studio units downstairs
- 10 STVR permits (maximum) in place
- 6 units being utilized as STVRs/4 used as longterm rentals
- Split AC in the 6 STVR studio rentals.
- The 4 long-term units have not been renovated
- 1 unit being utilized as office and laundry
- 1 unit utilized as expansion to create double space rental for parties of 4
- Property serviced by sewer
- Recent survey and report available
- 6 active STVR units sold turnkey furnished
- Propane tank on site.

One of the partners hold a real estate license in the State of California.

Home Facts

Single Family

12 Baths

12 Bedrooms

Built in 1966

Price Summary

2,599,000

$670 per Sq. Ft.

MLS #:

724411

Last Updated:

October 11, 2025, 11:31 AM

Added:

10 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

12

Full Bathrooms:

12

Interior

Living Area:

3,876 Sq. Ft.

Structure

Structure

Building Area:

3,876 Sq. Ft.

Year Built:

1966

Lot

Lot Size (Sq. Ft):

8,492

Finances & Disclosures

Finances

Price:

$2,599,000

Price per Sq. Ft:

$670 per Sq. Ft.

Source:HI HIS
Listing information © 2021 MLS Hawaii, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants or the MLS from liability.

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Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.