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360-A Lama St, 
Hilo, HI 96720

$995,000

6

Beds

4

Baths

1,892

Sq Ft

Multi-Family

Active

Listed by

Lucy Y. Parkin

Berkshire Hathaway HomeServices Hawaii Island Properties

808-796-3150

Last updated:

January 23, 2026, 12:27 PM

MLS#

726875

Source:

HI HIS

About This Home

360-A Lama St

Not too far, not too close—JUST RIGHT! Located in the highly desirable Panaewa Houselots, this centrally placed and spacious property presents a rare opportunity for investors or extended-family living. Properties of this type seldom become available in this area. Conveniently situated near Prince Kuhio Plaza and Puainako Town Center, the location offers an ideal balance of privacy and accessibility. Owned by a longtime kamaʻāina family, this is the first time the property has ever been offered for sale—truly a unique opportunity. Situated at 360 Lama Street, the large rectangular lot features two fully permitted, detached homes, each with easy road access and its own carport parking. The rear portion of the land provides generous outdoor space, ideal for gardening, recreation, or future possibilities. Currently operated as long-term rentals and professionally managed by a Hilo property management company, the house lot offers immediate income potential. Property Details: 1. 360-A: 3 Bedrooms | 2 Bath | Extended Living Room | Carport | Approx. 968 sqft. (Tenant occupied, month-to-month; easy to show) 2. 360-B: 3 Bedrooms | 2 Bath| Extended Living Room | Carport | Approx. 924 sqft. (Vacant) Perfect for investors, multi-generational living, or owner-occupants seeking flexibility, this versatile property offers endless potential and is a must-see. Information deemed reliable but not guaranteed. Buyers and buyers’ agents to independently verify all material facts. Bathroom count does not match county records.

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1963

Price Summary

995,000

$525 per Sq. Ft.

MLS #:

726875

Last Updated:

January 23, 2026, 12:27 PM

Added:

11 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

1,892 Sq. Ft.

Structure

Structure

Building Area:

1,892 Sq. Ft.

Year Built:

1963

Lot

Lot Size (Sq. Ft):

118,919

Finances & Disclosures

Finances

Price:

$995,000

Price per Sq. Ft:

$525 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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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.