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$255,000
2 Beds ⋅ 1 Baths ⋅ 733101 MLS ⋅ ['Fee Simple'] Tenure ⋅ Hilo Terrace BLDG.
Turnkey and fully furnished, this lovely 2-bedroom, 1-bath condominium at Hilo Terrace offers a rare opportunity to step into an established, operating Short-Term Vacation Rental. Unit 109 is being offered completely furnished and ready for immediate use, whether as a successful vacation rental, second home, or flexible investment property. With an existing STVR in place, the next owner can enjoy the convenience of acquiring a property that is already set up for guests rather than starting from scratch. Hilo Terrace has also benefited from significant recent capital improvements throughout the complex. The in-ground pool and laundry facilities were refinished in 2019, the parking lot was asphalted in 2024, and new roofs were installed on all buildings in 2023.

485 Waianuenue Ave Unit 109, HILO

Listing courtesy of Hawai'i Modern Realty.

$595,000
4 Beds ⋅ 4 Baths ⋅ 202600583 MLS ⋅ FS - Fee Simple Tenure
Currently installing a new roof and updating front lanai with both front and back railings being updated. Recent electrical updates are complete and scheduling plumbing updates. This Classic style home is in a great location in the heart of Hilo town walking distance to the town's famous farmer's market and recreation areas of Lincoln park, tennis courts, Mo'oheau park and Bayfront. The Central fire station is just a block away along with restaurants, grocery stores, gas stations, and medical, bank, office, and professional services buildings. The home features 3 bedrooms upstairs each with their own private bathroom with a large front lanai entrance with beautiful ocean views of Hilo's famous Bayfront. The upstairs front door enters you into a quaint front living room with the kitchen at the end of the hallway with its own private back lanai. The upstairs unit has 9 foot ceilings and hardwood floors with the old vintage design of yesteryear. The downstairs studio is large and spacious and has a unique and spacious bathroom with tile floors. Rental info: Upstairs $2,500 + utilities month to month, back downstairs $850/mo now vacant.

301 Ponahawai Street, Hilo

Listing courtesy of Compass.

$595,000
4 Beds ⋅ 4 Baths ⋅ 720363 MLS ⋅ ['Fee Simple'] Tenure
New roof replacement and front lanai floor newly updated and painted with both front and back railings update complete. Recent electrical updates are complete and scheduling plumbing updates. This Classic style home is in a great location in the heart of Hilo town walking distance to the town's famous farmer's market and recreation areas of Lincoln park, tennis courts, Mo'oheau park and Bayfront. The Central fire station is just a block away along with restaurants, grocery stores, gas stations, and medical, bank, office, and professional services buildings. The home features 3 bedrooms upstairs each with their own private bathroom with a large front lanai entrance with beautiful ocean views of Hilo's famous Bayfront. The upstairs front door enters you into a quaint front living room with the kitchen at the end of the hallway with its own private back lanai. The upstairs unit has 9 foot ceilings and hardwood floors with the old vintage design of yesteryear. The downstairs studio is large and spacious and has a unique and spacious bathroom with tile floors. Upstairs 3/3 and back downstairs studio units previously rented long term ($2,500 plus utilities and $850 a month respectively) and possible bottom front unit available (currently an office with its own bathroom with shower) for new owner or to rent out as well.

301 Ponahawai St, HILO

Listing courtesy of COMPASS.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.