1940 Kaumana Dr, Hilo, HI, 96720
About This Home
Rare Multi-Unit Income Opportunity in the Heart of Hilo Versatile three-unit property on a generous 22,500 sf RS-10 lot with potential for subdivision. The front duplex offers two spacious 3-bedroom/1-bath units, one upstairs and one downstairs, while a detached 3-bedroom/2-bath home sits privately at the rear. In total, approximately 3,200 sf of rentable living area, plus a centrally located 3-car garage. Each building has its own separate water and electric meters, making multi-tenant management simple. Two units are currently tenant-occupied and generating income. The vacant back house is ready for an owner-occupant or a new tenant, offering immediate flexibility and strong upside as units turn. Additional value-add potential: the seller obtained carport permits for the front and rear of the property (not yet built; may still be valid) and previously explored subdividing the lot with separate access off Pala Lane. RS-10 zoning may allow subdivision. Buyer to verify with the County of Hawai'i Planning Department. Whether you're looking to live in one unit while renting the others or seeking a pure investment play, this property delivers, all in a convenient, established Hilo neighborhood just minutes from town. Sold AS-IS. Buyer and buyer's agent to verify all information.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1950
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Carpet
Interior Area
- Total structure area: 3,194
- Total interior livable area: 3,194 sqft
Property
Details
- Parcel number: 3250050650000
- Attached to another structure: Yes
- Zoning: RS-10
- Special condition: Fee Simple,Standard
Features
- Has view: Yes
- View description: Mountain(s)
Lot
- Lot size: 0.52 Acres
- Features: Cul-De-Sac,Rocky
Parking
- Parking features: Unassigned
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Volcanic Activity
- Earthquake
- Lightning
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Hawaii Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,298 | $51,576 |
| Home Insurance * | $244 | $2,928 |
| Property Taxes | $756 | $9,072 |
| Electricity | $1,028 | $12,342 |
| Total | $6,326 | $75,912 |
Income You'd Need if You Spent...
Hawaii FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-10 | Listed for sale | $850,000 |
| 2015-08-27 | Sold | $269,325 |
| 2015-07-15 | Pending sale | $370,600 |
| 2015-07-01 | Price change | $370,600 |
| 2015-06-15 | Price change | $196,500 |
| 2015-05-23 | Price change | $370,600 |
| 2015-05-19 | Price change | $196,500 |
| 2015-05-11 | Price change | $230,000 |
| 2015-05-02 | Price change | $431,700 |
| 2015-04-01 | Price change | $230,000 |
| 2015-03-29 | Listed for sale | $66,000 |
| 2015-02-03 | Listing removed | $369,000 |
| 2014-07-25 | Price change | $369,000 |
| 2014-02-09 | Listed for sale | $385,000 |
| 2005-12-16 | Sold | $475,000 |
View on Zillow