Real Estate Investment Properties for Sale in Hilo, HI

Looking for investment property in Hilo, HI with high ROI ?

Explore a variety of short-term homes & houses in Hilo, HI. Invest wisely with VRBO & Hilo, HI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Hilo, HI

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
322 OHAI ST unit: 4 #4 Hilo, HI $179,000 for a move-in ready 2 bedroom, 1 bath, fee simple condo in Hilo. Just steps to Ba...	2 beds \| 1 baths \| 660 sq.ft.	$179,000	Airbnb cash on cash: 4.84% Traditional cash on cash: 7.52% Airbnb Rental Income: $2193 Traditional Rental Income: $2095 Airbnb ROI: 4.84% Traditional ROI: 7.52%
38 MEHAU LN Hilo, HI Discover a Rare Find in the Heart of Hilo!!! Are you looking for a versatile, quality-buil...	4 beds \| 2 baths \| 2,224 sq.ft.	$695,000	Airbnb cash on cash: 4.29% Traditional cash on cash: 5.74% Airbnb Rental Income: $4681 Traditional Rental Income: $4647 Airbnb ROI: 4.29% Traditional ROI: 5.74%
101 PUHILI PL Hilo, HI Charming Home in Park Hokulani Subdivision! Relax in the large covered lanai and enjoy ful...	3 beds \| 2 baths \| 1,224 sq.ft.	$499,000	Airbnb cash on cash: 2.7% Traditional cash on cash: 5.05% Airbnb Rental Income: $2855 Traditional Rental Income: $3286 Airbnb ROI: 2.7% Traditional ROI: 5.05%
110 MALIA ST Hilo, HI Invest with success and buy through Auction.com. This bank-owned investment property is a ...	3 beds \| 1 baths \| 765 sq.ft.	$442,000	Airbnb cash on cash: 3.4% Traditional cash on cash: 4.36% Airbnb Rental Income: $2855 Traditional Rental Income: $2586 Airbnb ROI: 3.4% Traditional ROI: 4.36%
84 PUKIHAE ST unit: 802 #802 Hilo, HI MOTIVATED SELLER!!! Experience island living at its best in this beautifully updated 2-bed...	2 beds \| 2 baths \| 906 sq.ft.	$365,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 2.46% Airbnb Rental Income: $2193 Traditional Rental Income: $2760 Airbnb ROI: -0.81% Traditional ROI: 2.46%
2048 KALANIANAOLE ST Hilo, HI Welcome to your very own Hawaiian oasis in the heart of Keaukaha! This rarely available ge...	3 beds \| 1 baths \| 1,212 sq.ft.	$1,590,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 0.35% Airbnb Rental Income: $2855 Traditional Rental Income: $2481 Airbnb ROI: 0.15% Traditional ROI: 0.35%
1875 KALANIANAOLE AVE unit: 311 #311 Hilo, HI PRICED TO SELL! Welcome to your slice of paradise in Mauna Loa Shores, Keaukaha, Hilo! Thi...	2 beds \| 1 baths \| 720 sq.ft.	$485,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 1.07% Airbnb Rental Income: $2193 Traditional Rental Income: $2253 Airbnb ROI: -0.28% Traditional ROI: 1.07%
414-A MOHOULI ST Hilo, HI Centrally located in the heart of Hilo, this 3-bedroom, 1.5-bath home offers convenience a...	3 beds \| 2 baths \| 1,080 sq.ft.	$480,000	Airbnb cash on cash: 2.96% Traditional cash on cash: 5.12% Airbnb Rental Income: $2855 Traditional Rental Income: $3159 Airbnb ROI: 2.96% Traditional ROI: 5.12%
28 S WILIWILI ST Hilo, HI *PRICE ADJUSTMENT UPDATE* PRICE INCLUDES A BRAND NEW FULLY PAID OFF SOLAR SYSTEM WARRA...	3 beds \| 2 baths \| 1,260 sq.ft.	$695,000	Airbnb cash on cash: 2% Traditional cash on cash: 3.59% Airbnb Rental Income: $2855 Traditional Rental Income: $3220 Airbnb ROI: 2% Traditional ROI: 3.59%
1646 ONEAWA PL Hilo, HI Located in the heart of Hilo, this three bedroom, two and a half bath residence offers 1,3...	3 beds \| 3 baths \| 1,344 sq.ft.	$665,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 3.52% Airbnb Rental Income: $2855 Traditional Rental Income: $2932 Airbnb ROI: 2.33% Traditional ROI: 3.52%
664 HINANO ST Hilo, HI Tucked await on a quiet flag lot in the heart of downtown Hilo, this 3 bedroom and 1 bath ...	3 beds \| 1 baths \| 880 sq.ft.	$539,000	Airbnb cash on cash: 2.59% Traditional cash on cash: 2.21% Airbnb Rental Income: $2855 Traditional Rental Income: $1999 Airbnb ROI: 2.59% Traditional ROI: 2.21%
360 KAUILA ST unit: 201 #201 Hilo, HI Welcome to this successful income producing vacation rental. This corner unit at Wainaku T...	2 beds \| 2 baths \| 706 sq.ft.	$275,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 2.68% Airbnb Rental Income: $2193 Traditional Rental Income: $2130 Airbnb ROI: 0.78% Traditional ROI: 2.68%
155 LIKEKE ST Hilo, HI LOCATION! LOCATION! LOCATION! Discover this newly refreshed gem in the La Hikina Subdi...	4 beds \| 2 baths \| 1,760 sq.ft.	$585,000	Airbnb cash on cash: 5.26% Traditional cash on cash: 5.63% Airbnb Rental Income: $4681 Traditional Rental Income: $3914 Airbnb ROI: 5.26% Traditional ROI: 5.63%
2114 KAUMANA DR Hilo, HI Spacious charming home that has been recently renovated that comes with 4 bedrooms and 3 b...	4 beds \| 3 baths \| 1,116 sq.ft.	$555,000	Airbnb cash on cash: 5.41% Traditional cash on cash: 5.03% Airbnb Rental Income: $4681 Traditional Rental Income: $3513 Airbnb ROI: 5.41% Traditional ROI: 5.03%
956 KAUMANA DR Hilo, HI This beautifully renovated home in desirable Kaumana has been thoughtfully brought back to...	3 beds \| 2 baths \| 978 sq.ft.	$595,000	Airbnb cash on cash: 2.28% Traditional cash on cash: 3.92% Airbnb Rental Income: $2855 Traditional Rental Income: $3104 Airbnb ROI: 2.28% Traditional ROI: 3.92%
420 HUALI PL Hilo, HI Discover your dream home on Huali Place in the heart of Hilo. This custom multi-level resi...	4 beds \| 3 baths \| 2,969 sq.ft.	$1,075,000	Airbnb cash on cash: 2.36% Traditional cash on cash: 3.47% Airbnb Rental Income: $4681 Traditional Rental Income: $4827 Airbnb ROI: 2.36% Traditional ROI: 3.47%
508 EKELA ST Hilo, HI Welcome to your dream home at 508 Ekela Street in Hilo, HI! This brand-new 4-bedroom, 2-ba...	4 beds \| 2 baths \| 1,586 sq.ft.	$750,000	Airbnb cash on cash: 3.46% Traditional cash on cash: 3.45% Airbnb Rental Income: $4681 Traditional Rental Income: $3703 Airbnb ROI: 3.46% Traditional ROI: 3.45%
744-A WAINAKU ST unit: 2 s #2 s Hilo, HI This property was remodeled in 2025 and features two separate units of approximately 1,800...	5 beds \| 3 baths \| 3,630 sq.ft.	$775,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 5.12% Airbnb Rental Income: $2421 Traditional Rental Income: $5273 Airbnb ROI: 0.36% Traditional ROI: 5.12%
11-3972 Lanihuli Rd Lanihuli Street #3972 Hilo, HI In addition to the subject property, adjacent vacant lot available for sale, $78,888, TMK ...	2 beds \| 1 baths \| 768 sq.ft.	$399,888	Airbnb cash on cash: 2.62% Traditional cash on cash: 4.43% Airbnb Rental Income: $2193 Traditional Rental Income: $2315 Airbnb ROI: 2.62% Traditional ROI: 4.43%
1379 MELE MANU ST Hilo, HI This sleeper subdivision is a Gardeners paradise. almost 1.1 acres of botanical gardens wi...	4 beds \| 3 baths \| 1,696 sq.ft.	$899,000	Airbnb cash on cash: 3.2% Traditional cash on cash: 3.28% Airbnb Rental Income: $4681 Traditional Rental Income: $3779 Airbnb ROI: 3.2% Traditional ROI: 3.28%
2089 KINOOLE ST Hilo, HI A great blend of comfort and ease in this charming property located in the Waiakea Homeste...	4 beds \| 4 baths \| 3,587 sq.ft.	$900,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 6.02% Airbnb Rental Income: $4681 Traditional Rental Income: $6316 Airbnb ROI: 2.91% Traditional ROI: 6.02%
173 OPIO RD Hilo, HI Tropical Investment Opportunity in Lower Waiakea - Dual Home. Property with active STVR! L...	5 beds \| 5 baths \| 4,428 sq.ft.	$880,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 7.76% Airbnb Rental Income: $2421 Traditional Rental Income: $7516 Airbnb ROI: 0.82% Traditional ROI: 7.76%
15-1518 20TH AVE Hilo, HI $10000 BUYER CONCESSIONS OFFERED! Step into a home that tells a story of revival. Once in ...	3 beds \| 1 baths \| 1,636 sq.ft.	$489,000	Airbnb cash on cash: 3.48% Traditional cash on cash: 5.07% Airbnb Rental Income: $2855 Traditional Rental Income: $2917 Airbnb ROI: 3.48% Traditional ROI: 5.07%
8 KAIKUONO ST Hilo, HI Charming Kaumana Gem with Ocean Views + Workshop! Welcome home to this beautifully upgrade...	3 beds \| 3 baths \| 1,472 sq.ft.	$677,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 4.01% Airbnb Rental Income: $2855 Traditional Rental Income: $3452 Airbnb ROI: 2.01% Traditional ROI: 4.01%
84 BAYSHORE TOWERS unit: 602 #602 Hilo, HI Comfortable 6th floor unit offering incredible views of the Pacific ocean and Hamakua coas...	2 beds \| 2 baths \| 906 sq.ft.	$370,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 2.38% Airbnb Rental Income: $2193 Traditional Rental Income: $2748 Airbnb ROI: -0.81% Traditional ROI: 2.38%
455 MAUNA IHO PL Hilo, HI Price Improvement! Pre-Home Inspection Completed! Custom built by its original owner in 20...	3 beds \| 2 baths \| 2,104 sq.ft.	$788,400	Airbnb cash on cash: 0.94% Traditional cash on cash: 3.56% Airbnb Rental Income: $2855 Traditional Rental Income: $4116 Airbnb ROI: 0.94% Traditional ROI: 3.56%
879 WAIANUENUE AVE Hilo, HI Location, Location, Location!! The location of this home is right across Carvolho Park, a ...	3 beds \| 3 baths \| 1,592 sq.ft.	$679,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 4.34% Airbnb Rental Income: $2855 Traditional Rental Income: $3627 Airbnb ROI: 2.07% Traditional ROI: 4.34%
7 LUANA WAY Hilo, HI Conveniently located in a central Hilo location, approximately 1 mile from E B deSilva sch...	4 beds \| 2 baths \| 1,792 sq.ft.	$700,000	Airbnb cash on cash: 3.67% Traditional cash on cash: 4.16% Airbnb Rental Income: $4681 Traditional Rental Income: $4034 Airbnb ROI: 3.67% Traditional ROI: 4.16%
25-35 UA NAHELE ST Hilo, HI Step into this exquisite home through a covered entryway, where a mature garden welcomes y...	3 beds \| 2 baths \| 1,770 sq.ft.	$800,000	Airbnb cash on cash: 1.21% Traditional cash on cash: 3.42% Airbnb Rental Income: $2855 Traditional Rental Income: $3837 Airbnb ROI: 1.21% Traditional ROI: 3.42%
307 LEHUA ST unit: 22 #22 Hilo, HI Great opportunity to own an apartment building in walking distance to downtown Hilo where ...	N/A beds \| N/A baths \| N/A	$3,950,000	Airbnb cash on cash: -0.84% Traditional cash on cash: -0.37% Airbnb Rental Income: $1484 Traditional Rental Income: $2749 Airbnb ROI: -0.84% Traditional ROI: -0.37%
199 KEHAULANI ST unit: 3 #3 Hilo, HI Attention Investors! Exceptionally Rare Income-generating opportunity. Property offers 3 s...	4 beds \| 2 baths \| 1,720 sq.ft.	$795,000	Airbnb cash on cash: 3.01% Traditional cash on cash: 3.21% Airbnb Rental Income: $4681 Traditional Rental Income: $3861 Airbnb ROI: 3.01% Traditional ROI: 3.21%
23 MACHIDA LANE Hilo, HI Oceanfront Paradise: Versatile Luxury Property with Endless Potential Discover an extraord...	6 beds \| 7 baths \| 3,618 sq.ft.	$2,999,999	Airbnb cash on cash: -0.81% Traditional cash on cash: 2.07% Airbnb Rental Income: $2421 Traditional Rental Income: $9836 Airbnb ROI: -0.81% Traditional ROI: 2.07%
1436 MAIKALANI ST Hilo, HI Your private oasis in Hawai'i awaits you, overlooking the city of Hilo with its eclectic l...	2 beds \| 2 baths \| 1,248 sq.ft.	$1,125,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 1.91% Airbnb Rental Income: $2193 Traditional Rental Income: $3312 Airbnb ROI: 0.31% Traditional ROI: 1.91%
49 KUHILANI ST Hilo, HI This is a wonderful opportunity to own a large family home that is conveniently located ab...	7 beds \| 4 baths \| 2,640 sq.ft.	$739,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 5.96% Airbnb Rental Income: $2421 Traditional Rental Income: $5546 Airbnb ROI: 0.57% Traditional ROI: 5.96%
619 MILILANI ST Hilo, HI Unique investment opportunity located in the heart of Hilo, featuring two separate homes o...	5 beds \| 3 baths \| 2,904 sq.ft.	$749,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 6.55% Airbnb Rental Income: $2421 Traditional Rental Income: $5658 Airbnb ROI: 1.07% Traditional ROI: 6.55%
50 MAILE ST unit: A3 #A3 Hilo, HI Welcome home to this updated 1-bedroom, 1-bath ground-floor condo in the heart of Hilo off...	1 beds \| 1 baths \| 448 sq.ft.	$255,000	Airbnb cash on cash: 3.56% Traditional cash on cash: 5.31% Airbnb Rental Income: $1914 Traditional Rental Income: $1827 Airbnb ROI: 3.56% Traditional ROI: 5.31%
433 KAANINI ST Hilo, HI Location is key. Located above Kukuau subdivision and right below Sunrise ridge. Come chec...	4 beds \| 3 baths \| 1,603 sq.ft.	$789,000	Airbnb cash on cash: 3.13% Traditional cash on cash: 3.41% Airbnb Rental Income: $4681 Traditional Rental Income: $3919 Airbnb ROI: 3.13% Traditional ROI: 3.41%
84 PUKIHAE ST unit: 503 #503 Hilo, HI Location, location .....Bayshore Towers is is walking distance to Hilo Town with an abunda...	2 beds \| 2 baths \| 906 sq.ft.	$425,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 5.16% Airbnb Rental Income: $2193 Traditional Rental Income: $2874 Airbnb ROI: 2.06% Traditional ROI: 5.16%
446 AINAOLA DR Hilo, HI *5.99% financing subject to approved credit. Home warranty included* Welcome to 446 Ai...	3 beds \| 2 baths \| 1,000 sq.ft.	$519,888	Airbnb cash on cash: 2.58% Traditional cash on cash: 4.75% Airbnb Rental Income: $2855 Traditional Rental Income: $3242 Airbnb ROI: 2.58% Traditional ROI: 4.75%
101 AUPUNI Street #521 Hilo, HI Welcome to your newly updated 2-bedroom with 2-bath condo situated on the 5th floor of the...	2 beds \| 2 baths \| 968 sq.ft.	$420,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 5.64% Airbnb Rental Income: $2193 Traditional Rental Income: $3225 Airbnb ROI: 1.61% Traditional ROI: 5.64%

Real Estate investment in Hilo, HI

There are 55 properties for sale in the city of Hilo . The median list price in Hilo is $597,000 and the average price per square foot is $389. In September 2025, the average monthly cash on cash return in Hilo is 4.00%. The average monthly rental income in Hilo is $3,275.

Hilo, HI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 55 investment properties available for sale in Hilo.

In 2025, the best neighborhood to buy investment property is Hilo.

The ROI for Long-Term is higher than the Short-Term in Hilo with average rental income of $3,275.

Your search for investment property begins and ends here

Investment Property for Sale in Hilo, HI

322 OHAI ST unit: 4 #4

Hilo, HI

2 beds | 1 baths | 660 sq.ft.

$179,000

Airbnb cash on cash: 4.84%

Traditional cash on cash: 7.52%

Airbnb Rental Income: $2193

Traditional Rental Income: $2095

Airbnb ROI: 4.84%

Traditional ROI: 7.52%

38 MEHAU LN

Hilo, HI

4 beds | 2 baths | 2,224 sq.ft.

$695,000

Airbnb cash on cash: 4.29%

Traditional cash on cash: 5.74%

Airbnb Rental Income: $4681

Traditional Rental Income: $4647

Airbnb ROI: 4.29%

Traditional ROI: 5.74%

101 PUHILI PL

Hilo, HI

3 beds | 2 baths | 1,224 sq.ft.

$499,000

Airbnb cash on cash: 2.7%

Traditional cash on cash: 5.05%

Airbnb Rental Income: $2855

Traditional Rental Income: $3286

Airbnb ROI: 2.7%

Traditional ROI: 5.05%

110 MALIA ST

Hilo, HI

3 beds | 1 baths | 765 sq.ft.

$442,000

Airbnb cash on cash: 3.4%

Traditional cash on cash: 4.36%

Airbnb Rental Income: $2855

Traditional Rental Income: $2586

Airbnb ROI: 3.4%

Traditional ROI: 4.36%

84 PUKIHAE ST unit: 802 #802

Hilo, HI

2 beds | 2 baths | 906 sq.ft.

$365,000

Airbnb cash on cash: -0.81%

Traditional cash on cash: 2.46%

Airbnb Rental Income: $2193

Traditional Rental Income: $2760

Airbnb ROI: -0.81%

Traditional ROI: 2.46%

2048 KALANIANAOLE ST

Hilo, HI

3 beds | 1 baths | 1,212 sq.ft.

$1,590,000

Airbnb cash on cash: 0.15%

Traditional cash on cash: 0.35%

Airbnb Rental Income: $2855

Traditional Rental Income: $2481

Airbnb ROI: 0.15%

Traditional ROI: 0.35%

1875 KALANIANAOLE AVE unit: 311 #311

Hilo, HI

2 beds | 1 baths | 720 sq.ft.

$485,000

Airbnb cash on cash: -0.28%

Traditional cash on cash: 1.07%

Airbnb Rental Income: $2193

Traditional Rental Income: $2253

Airbnb ROI: -0.28%

Traditional ROI: 1.07%

414-A MOHOULI ST

Hilo, HI

3 beds | 2 baths | 1,080 sq.ft.

$480,000

Airbnb cash on cash: 2.96%

Traditional cash on cash: 5.12%

Airbnb Rental Income: $2855

Traditional Rental Income: $3159

Airbnb ROI: 2.96%