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420 Ainalako Rd, 
Hilo, HI 96720

$1,450,000


6

Beds


4

Baths


2,888

Sq Ft


Multi-Family

Active

Listed by

Amber L.H. Chandler

Iokua Real Estate

808-934-7050

Last updated:

September 16, 2025, 11:30 AM

MLS#

723644

Source:

HI HIS

About This Home

420 Ainalako Rd

Interested in a successful, income producing, multi-unit property just outside of historic and vibrant Hilo town? Looking for acreage on a well-maintained, beautifully landscaped, fenced lot? Perhaps a country estate, private compound or tranquil oasis is what you seek? If so, look no further, as this property offers infinite possibilities!

Situated on 1.14 acres in the upper elevations of Hilo, this special property offers multiple permitted structures - including a main home and Ohana cottage, an oversized warehouse and separate storage/flex buildings. Multiple tenants currently call this property home so it could continue to be used as a thriving rental or an alternative opportunity, the owners had previous plans for the construction and operation of a multi-unit independent elderly care facility.

With beautifully crafted tongue & groove open beam ceilings, the main home is airy and bright, boasting an open floor plan, perfect for gathering and entertaining. The cheerful living room flows seamlessly into the kitchen and dining area where a functional kitchen with plenty of space to cook and create awaits! Offering a primary ensuite with extra space for an office, craft corner or reading nook, a second bedroom and an additional bathroom, the main home totals approximately 1,720 sqft under roof.

The renovated Ohana is a quaint 1/1 cottage with its own private entrance and covered parking. The cottage provides for a separate electric meter, phone and cable option, totaling 960 sqft under roof.

With over 1,800 sqft to offer, partitioned spaces and a full bath, the warehouse features high ceilings, plenty of storage, enough space for multiple vehicles/equipment and an additional detached garage.

A storage/flex building beside the main home offers even more uses, with two rooms and a bath, totaling more than 800 sqft.

Income potential on a country estate close to conveniences, this property is surely a rare find!

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1986

Price Summary

1,450,000

$502 per Sq. Ft.

MLS #:

723644

Last Updated:

September 16, 2025, 11:30 AM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,888 Sq. Ft.


Structure

Structure

Building Area:

2,888 Sq. Ft.

Year Built:

1986


Lot

Lot Size (Sq. Ft):

49,789


Finances & Disclosures

Finances

Price:

$1,450,000

Price per Sq. Ft:

$502 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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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.