76 East Palai Street
Hilo, HI 96720
$829,000
Price
5
Beds
6
Baths
2,092 Sq. Ft.
$396 / Sq. Ft.
2,092
Sq. Ft.
$396
per Sq. Ft.
Description
Nice rental property in Hilo. All units have been renovated and are rented. Three individual and separate rentals with carports. One TMK# makes for easy management. Good tenants, good income. Subdivision possible. Buyer is advised to do their due diligence. Cap rate of 7.68% Renovations on all three units: New roofing & refinished in some areas New countertops, Quartz in unit B New paint, interior and exterior New windows in unit B New bathrooms New flooring New lighting, fans New hardware New faucets...Nice rental property in Hilo. All units have been renovated and are rented. Three individual and separate rentals with carports. One TMK# makes for easy management. Good tenants, good income. Subdivision possible. Buyer is advised to do their due diligence. Cap rate of 7.68% Renovations on all three units: New roofing & refinished in some areas New countertops, Quartz in unit B New paint, interior and exterior New windows in unit B New bathrooms New flooring New lighting, fans New hardware New faucets New carpentry work throughout Fumigation was completed. All units have a separate electric meter installed by HELCO. Rent roll: Unit A $1,832.46 Unit B $2,100 Unit C $1,937.17. Cap Rate 7.68% The 3 structures are permitted and were built previously to Hawaii county building code in 1976 and are considered legal non-conforming use which does not need a variance from Hawaii county.
- Listed by Patricia Summers • License #RB-16293 • Big Island Properties • 8083452202
Property Details for 76 East Palai Street
Subdivision
WAIAKEA HIGHLAND VIEW LOTS
ZoningRS-10
Land TenureFee Simple
LISTING UPDATED: 02/28/2025 08:56 AM
Property Details for 76 East Palai Street
| Status | Active |
|---|---|
| MLS # | 710954 |
| Days on Market | 240 |
| Taxes | $3,705 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / 3 Units |
| Year Built | 1958 |
| Lot Size | 0.46 AC / 20,210 SF |
| County | Hawaii County |
Building Information for 76 East Palai Street
Stories-Residences-Year Built1958Building Size-Lot Size0.46 AC / 20,210 SF
Property Information for 76 East Palai Street
Summary
Location and General Information
- Latitude: 19.67885369
- Location: 76-A PALAI ST
- Longitude: -155.06470544
- Oceanfront Parcel: N
- Street: PALAI ST
- Street Address Full: 76 PALAI ST HILO HI 96720
- Street Number: 76
- City: HILO
- District: South Hilo
- Zip Code: 96720
Taxes and HOA Information
- Exempt Amount: $0
- Taxes (Annual): $3,705.18
- Taxkey: 3-2-2-55-8
- Taxkey9: 322055008
Parking
- Vehicle Storage/Parking: Assigned, Covered, Attached, Detached
Virtual Tour
- Tours: 0
Property
Lot Information
- Roads: County
- Structures: Yes
- Agriculture Dedicated: No
- Year Built Maximum: 1958
- Year Built Minimum: 1954
- Interior Area (Total): 2092.0
- Land Area: 20210.0
- Lot Number: 3
- Flood Zone: X
- Lava Zone: 3
Property and Assessments
- Disclosure Form: Yes
- Assessed Value: $333,800
- Assessment Year: 2023
- Property Type: Multi-Family
- Photos: 13
Utilities
- Power: Overhead
- Wastewater: Cesspool
- Water: County
- Solid Waste Disposal (Trash): Private Contractor
Interior and Exterior Features
Exterior Features
- Pool: N
Interior Features
- TV Availability: Antenna, Cable, Satellite
- Telephone Availability: Cable, Cell, Land Line, Satellite
- Bathrooms (Total): 3
- Baths 1/2 (Total): 1
- Baths 1/4 (Total): 2
- Baths 3/4 (Total): 0
- Baths Full (Total): 3
- Bedrooms (Total): 5
- Internet Availability: Cable, DSL
Agent
Sale and Listing
- Ownership: Full
- Price Direction: -
- Media Changed: 09-10-2024
- Terms Acceptable: 1031 Exchange, Cash, Construction Loan, Conventional
- Listor Name: Patricia Summers
- Days on Market: 235
- First Photo Sequence: 1
- Sub-agency offered?: No
- Subtype of Listing: 3 Units
- Remarks - Public: Nice rental property in Hilo. All units have been renovated and are rented. Three individual and separate rentals with carports. One TMK# makes for easy management. Good tenants, good income. Subdivision possible. Buyer is advised to do their due diligence. Cap rate of 7.68% <br>Renovations on all three units:<br>New roofing & refinished in some areas<br>New countertops, Quartz in unit B<br>New paint, interior and exterior<br>New windows in unit B<br>New bathrooms<br>New flooring<br>New lighting, fans<br>New hardware<br>New faucets<br>New carpentry work throughout<br><br>Fumigation was completed. All units have a separate electric meter installed by HELCO. Rent roll: Unit A $1,832.46 Unit B $2,100 Unit C $1,937.17. Cap Rate 7.68%<br><br>The 3 structures are permitted and were built previously to Hawaii county building code in 1976 and are considered legal non-conforming use which does not need a variance from Hawaii county.
- REversion: 600
- Sale Type: Standard Sale
- DZS: 322
Property History for 76 East Palai Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 76 East Palai Street
Taxable ValueLand$112,400Additions$129,700Total$242,100
Tax Record2025$1,440 ($120 / month)
Home Facts
Beds3Total Finished SqFt734 SqFtAbove Grade Finished SqFt734 SqFtStories1Lot Size16,800 SqFtStyleSingle Family ResidenceYear Built1946ZoningRS-10CountyHAWAIIAPN3-2-2-055-011
Schools near 76 East Palai Street
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | PK to 8 |
Rating | School | Distance |
|---|---|---|
Waiakeawaena Elementary School PublicPK to 5 | ||
Waiakea Intermediate School Public6 to 8 | ||
Waiakea High School Public9 to 12 | ||
Kua O Ka La - Public Charter School CharterPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Big Island Properties, Patricia Summers, License #RB-16293