Rare opportunity in Hilo, ideally located off Puainako Street near the University of Hawaiʻi at Hilo—well-suited for multi-living spaces or added flexibility. Properties offering two separate dwellings are limited in today’s Hilo market, making this a compelling option for those seeking space and versatility. The unfinished basement, already fully wired, offers the potential to create additional living space. The main residence has been extensively remodeled with a complete interior overhaul. Upstairs features 3 bedrooms and 1 bathroom, along with a bright, refreshed living area. Improvements include new electrical throughout, a brand new roof, updated flooring, upgraded support beams, new kitchen countertops and cabinetry, and fresh interior and exterior paint. The lower level includes an unfinished basement configured as a studio space, offering flexible use options. The property provides ample parking with a 2-car carport, a separate 1-car carport, and a large, approximately 300 sq ft storage structure. Main House virtually Staged In addition, a spacious detached cottage—separately metered—features 3 bedrooms and 2 bathrooms with over 1,700 sq ft of living area and a covered lanai. The cottage is currently tenant-occupied at $2,400 per month. Detached cottages of this size are not commonly available in Hilo. Conveniently located just minutes from shopping, dining, and everyday conveniences. This property combines extensive upgrades, multiple dwellings, and a desirable location.