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

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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: 4.74% Traditional cash on cash: 7.52% Airbnb Rental Income: $2172 Traditional Rental Income: $2095 Airbnb ROI: 4.74% Traditional ROI: 7.52%
378 KAHIKINI ST Hilo, HI Nestled in the Sunrise Ridge community of Hilo, this expansive residence blends island liv...	3 beds \| 3 baths \| 2,284 sq.ft.	$975,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 2.75% Airbnb Rental Income: $2576 Traditional Rental Income: $4440 Airbnb ROI: 0.02% Traditional ROI: 2.75%
529-A WAINAKU ST Hilo, HI Discover this charming Hilo gem, ideally located just beyond downtown, nestled on the mauk...	3 beds \| 1 baths \| 1,040 sq.ft.	$515,000	Airbnb cash on cash: 2.62% Traditional cash on cash: 4.61% Airbnb Rental Income: $2576 Traditional Rental Income: $2917 Airbnb ROI: 2.62% Traditional ROI: 4.61%
297 W Puainako Street Hilo, HI Discover your dream home in the heart of Hilo town. This charming residence features 2 bed...	2 beds \| 2 baths \| 1,120 sq.ft.	$545,000	Airbnb cash on cash: 1.09% Traditional cash on cash: 4.55% Airbnb Rental Income: $2172 Traditional Rental Income: $3384 Airbnb ROI: 1.09% Traditional ROI: 4.55%
199 KAUMANA DR Hilo, HI Discover this beautifully updated partially furnished 3 Bedroom, 1 Bath home offering 760 ...	3 beds \| 1 baths \| 760 sq.ft.	$450,000	Airbnb cash on cash: 2.69% Traditional cash on cash: 4.09% Airbnb Rental Income: $2576 Traditional Rental Income: $2548 Airbnb ROI: 2.69% Traditional ROI: 4.09%
235 KAIULANI ST Hilo, HI Located in the highly sought-after Reeds Island neighborhood, this classic home blends vin...	4 beds \| 4 baths \| 2,902 sq.ft.	$1,050,000	Airbnb cash on cash: 2.1% Traditional cash on cash: 5.17% Airbnb Rental Income: $4269 Traditional Rental Income: $6366 Airbnb ROI: 2.1% Traditional ROI: 5.17%
2669 KILAUEA AVE Hilo, HI Tucked away on a large, quiet flag lot, this vintage Hilo residence, built in the 1920s, o...	3 beds \| 1 baths \| 960 sq.ft.	$475,000	Airbnb cash on cash: 2.83% Traditional cash on cash: 4.88% Airbnb Rental Income: $2576 Traditional Rental Income: $2872 Airbnb ROI: 2.83% Traditional ROI: 4.88%
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: 2.84% Traditional cash on cash: 4.36% Airbnb Rental Income: $2576 Traditional Rental Income: $2586 Airbnb ROI: 2.84% Traditional ROI: 4.36%
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.	$1,490,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 0.44% Airbnb Rental Income: $2576 Traditional Rental Income: $2481 Airbnb ROI: 0.06% Traditional ROI: 0.44%
1875 KALANIANAOLE AVE unit: 311 #311 Hilo, HI Unmatched Value - Fully Renovated Home at a Truly Rare Price Welcome to your slice of para...	2 beds \| 1 baths \| 720 sq.ft.	$449,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 1.24% Airbnb Rental Income: $2172 Traditional Rental Income: $2253 Airbnb ROI: -0.27% Traditional ROI: 1.24%
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: 2.44% Traditional cash on cash: 5.12% Airbnb Rental Income: $2576 Traditional Rental Income: $3159 Airbnb ROI: 2.44% Traditional ROI: 5.12%
28 S WILIWILI ST Hilo, HI BACK ON MARKET- Best Value Solar + Central AC in Hilo!** Rare to find Central Air Welcom...	3 beds \| 2 baths \| 1,260 sq.ft.	$715,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 3.46% Airbnb Rental Income: $2576 Traditional Rental Income: $3220 Airbnb ROI: 1.57% Traditional ROI: 3.46%
1706 WAIANUENUE AVE Hilo, HI Welcome to this beautifully maintained home set on a lush, manicured lot that perfectly bl...	3 beds \| 2 baths \| 2,330 sq.ft.	$875,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 3.62% Airbnb Rental Income: $2576 Traditional Rental Income: $4574 Airbnb ROI: 0.41% Traditional ROI: 3.62%
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: 1.95% Traditional cash on cash: 3.52% Airbnb Rental Income: $2576 Traditional Rental Income: $2932 Airbnb ROI: 1.95% Traditional ROI: 3.52%
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: 0.72% Traditional cash on cash: 2.68% Airbnb Rental Income: $2172 Traditional Rental Income: $2130 Airbnb ROI: 0.72% Traditional ROI: 2.68%
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: 4.75% Traditional cash on cash: 5.03% Airbnb Rental Income: $4269 Traditional Rental Income: $3513 Airbnb ROI: 4.75% Traditional ROI: 5.03%
322 OHAI ST unit: 16 #16 Hilo, HI Take a peek at this inviting 2 bedroom, 1 bathroom condo located in the heart of Hilo. Enj...	2 beds \| 1 baths \| 660 sq.ft.	$177,000	Airbnb cash on cash: 4.74% Traditional cash on cash: 8.06% Airbnb Rental Income: $2172 Traditional Rental Income: $2180 Airbnb ROI: 4.74% Traditional ROI: 8.06%
420 HUALI PL Hilo, HI Discover your dream home on Huali Place in the heart of Hilo. This custom multi-level resi...	3 beds \| 3 baths \| 2,969 sq.ft.	$1,075,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 3.47% Airbnb Rental Income: $2576 Traditional Rental Income: $4827 Airbnb ROI: 0.61% 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: 2.97% Traditional cash on cash: 3.45% Airbnb Rental Income: $4269 Traditional Rental Income: $3703 Airbnb ROI: 2.97% Traditional ROI: 3.45%
11-3972 Lanihuli Street #3972 Hilo, HI Discover the rainforest cottage of your dreams! This enchanting single-level retreat boast...	2 beds \| 1 baths \| 768 sq.ft.	$370,000	Airbnb cash on cash: 2.86% Traditional cash on cash: 4.86% Airbnb Rental Income: $2172 Traditional Rental Income: $2315 Airbnb ROI: 2.86% Traditional ROI: 4.86%
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.	$859,000	Airbnb cash on cash: 2.96% Traditional cash on cash: 3.48% Airbnb Rental Income: $4269 Traditional Rental Income: $3779 Airbnb ROI: 2.96% Traditional ROI: 3.48%
879 WAIANUENUE AVE Hilo, HI This property boasts a fantastic location, just across from Carvolho Park and minutes away...	3 beds \| 3 baths \| 1,592 sq.ft.	$677,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 4.36% Airbnb Rental Income: $2576 Traditional Rental Income: $3627 Airbnb ROI: 1.71% Traditional ROI: 4.36%
25-35 UA NAHELE ST Hilo, HI Surrounded by mature island landscaping and custom rockwork, this Kaumana City home blends...	3 beds \| 2 baths \| 1,896 sq.ft.	$749,000	Airbnb cash on cash: 1.33% Traditional cash on cash: 4.02% Airbnb Rental Income: $2576 Traditional Rental Income: $3837 Airbnb ROI: 1.33% Traditional ROI: 4.02%
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: $1474 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: 2.55% Traditional cash on cash: 3.21% Airbnb Rental Income: $4269 Traditional Rental Income: $3861 Airbnb ROI: 2.55% 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: N/A Traditional cash on cash: 2.07% Airbnb Rental Income: $null Traditional Rental Income: $9836 Airbnb ROI: N/A 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.	$995,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 2.29% Airbnb Rental Income: $2172 Traditional Rental Income: $3312 Airbnb ROI: 0.46% Traditional ROI: 2.29%
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: N/A Traditional cash on cash: 5.96% Airbnb Rental Income: $null Traditional Rental Income: $5546 Airbnb ROI: N/A 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.	$725,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.8% Airbnb Rental Income: $null Traditional Rental Income: $5658 Airbnb ROI: N/A Traditional ROI: 6.8%
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.	$237,000	Airbnb cash on cash: 2.97% Traditional cash on cash: 5.78% Airbnb Rental Income: $1665 Traditional Rental Income: $1827 Airbnb ROI: 2.97% Traditional ROI: 5.78%
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.	$465,888	Airbnb cash on cash: 2.46% Traditional cash on cash: 5.4% Airbnb Rental Income: $2576 Traditional Rental Income: $3242 Airbnb ROI: 2.46% Traditional ROI: 5.4%
101 AUPUNI Street unit: 521 #521 Hilo, HI Price adjusted to $415K FS and a $10K Credit at Closing! Welcome to your newly updated 2/B...	2 beds \| 2 baths \| 968 sq.ft.	$415,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 5.72% Airbnb Rental Income: $2172 Traditional Rental Income: $3225 Airbnb ROI: 1.6% Traditional ROI: 5.72%
236 Lyman Avenue Hilo, HI Located in the heart of Keaukaha, this Hawaiian Homestead property is truly a hidden gem. ...	3 beds \| 2 baths \| 1,043 sq.ft.	$260,000	Airbnb cash on cash: 5.7% Traditional cash on cash: 11.13% Airbnb Rental Income: $2576 Traditional Rental Income: $3291 Airbnb ROI: 5.7% Traditional ROI: 11.13%
415 HILINAI ST Hilo, HI Stylishly Remodeled in the Heart of Hilo with a total of 1900 sqft under the roof. This fu...	3 beds \| 2 baths \| 869 sq.ft.	$690,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 2.9% Airbnb Rental Income: $2576 Traditional Rental Income: $2880 Airbnb ROI: 1.47% Traditional ROI: 2.9%
54 DERBY LN Hilo, HI This charming Hilo residence stands proudly in the heart of town, quietly nestled near the...	3 beds \| 1 baths \| 880 sq.ft.	$435,000	Airbnb cash on cash: 3.24% Traditional cash on cash: 4.94% Airbnb Rental Income: $2576 Traditional Rental Income: $2654 Airbnb ROI: 3.24% Traditional ROI: 4.94%
647 KAUHIULA RD Hilo, HI Luxurious home with almost five acres, located three miles from Hilo town. As you enter th...	4 beds \| 3 baths \| 3,104 sq.ft.	$2,150,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 1.08% Airbnb Rental Income: $4269 Traditional Rental Income: $5251 Airbnb ROI: 0.13% Traditional ROI: 1.08%
390 MOHOULI ST Hilo, HI Classic style home built in the 1950's that is in immaculate condition. Original windows a...	3 beds \| 2 baths \| 1,378 sq.ft.	$609,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 4.21% Airbnb Rental Income: $2576 Traditional Rental Income: $3420 Airbnb ROI: 1.64% Traditional ROI: 4.21%
7 KAAPUNI LOOP Hilo, HI Major price reduction...take advantage of Hilo town living, cool tropical breezes, ocean v...	4 beds \| 2 baths \| 1,976 sq.ft.	$555,000	Airbnb cash on cash: 5.12% Traditional cash on cash: 7.36% Airbnb Rental Income: $4269 Traditional Rental Income: $4526 Airbnb ROI: 5.12% Traditional ROI: 7.36%
719 LAUKAPU ST Hilo, HI Step back into the charm of Old Hawai'i with this spacious 6BR/2BA home in the heart of Hi...	4 beds \| 1 baths \| 1,881 sq.ft.	$599,000	Airbnb cash on cash: 4.82% Traditional cash on cash: 4.9% Airbnb Rental Income: $4269 Traditional Rental Income: $3412 Airbnb ROI: 4.82% Traditional ROI: 4.9%
1695 WAILUKU DR Hilo, HI Experience Refined Island Living in This Beautifully Renovated Hilo Home. Discover the per...	4 beds \| 4 baths \| 2,473 sq.ft.	$1,050,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 3.47% Airbnb Rental Income: $4269 Traditional Rental Income: $5215 Airbnb ROI: 1.58% Traditional ROI: 3.47%

Real Estate investment in Hilo, HI

There are 62 properties for sale in the city of Hilo . The median list price in Hilo is $589,500 and the average price per square foot is $415. In December 2025, the average monthly cash on cash return in Hilo is 5.00%. The average monthly rental income in Hilo is $3,291.

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

There are 62 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 $3,291.

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: 4.74%

Traditional cash on cash: 7.52%

Airbnb Rental Income: $2172

Traditional Rental Income: $2095

Airbnb ROI: 4.74%

Traditional ROI: 7.52%

378 KAHIKINI ST

Hilo, HI

3 beds | 3 baths | 2,284 sq.ft.

$975,000

Airbnb cash on cash: 0.02%

Traditional cash on cash: 2.75%

Airbnb Rental Income: $2576

Traditional Rental Income: $4440

Airbnb ROI: 0.02%

Traditional ROI: 2.75%

529-A WAINAKU ST

Hilo, HI

3 beds | 1 baths | 1,040 sq.ft.

$515,000

Airbnb cash on cash: 2.62%

Traditional cash on cash: 4.61%

Airbnb Rental Income: $2576

Traditional Rental Income: $2917

Airbnb ROI: 2.62%

Traditional ROI: 4.61%

297 W Puainako Street

Hilo, HI

2 beds | 2 baths | 1,120 sq.ft.

$545,000

Airbnb cash on cash: 1.09%

Traditional cash on cash: 4.55%

Airbnb Rental Income: $2172

Traditional Rental Income: $3384

Airbnb ROI: 1.09%

Traditional ROI: 4.55%

199 KAUMANA DR

Hilo, HI

3 beds | 1 baths | 760 sq.ft.

$450,000

Airbnb cash on cash: 2.69%

Traditional cash on cash: 4.09%

Airbnb Rental Income: $2576

Traditional Rental Income: $2548

Airbnb ROI: 2.69%

Traditional ROI: 4.09%

235 KAIULANI ST

Hilo, HI

4 beds | 4 baths | 2,902 sq.ft.

$1,050,000

Airbnb cash on cash: 2.1%

Traditional cash on cash: 5.17%

Airbnb Rental Income: $4269

Traditional Rental Income: $6366

Airbnb ROI: 2.1%

Traditional ROI: 5.17%

2669 KILAUEA AVE

Hilo, HI

3 beds | 1 baths | 960 sq.ft.

$475,000

Airbnb cash on cash: 2.83%

Traditional cash on cash: 4.88%

Airbnb Rental Income: $2576

Traditional Rental Income: $2872

Airbnb ROI: 2.83%

Traditional ROI: 4.88%

110 MALIA ST

Hilo, HI

3 beds | 1 baths | 765 sq.ft.

$442,000

Airbnb cash on cash: 2.84%

Traditional cash on cash: 4.36%

Airbnb Rental Income: $2576

Traditional Rental Income: $2586

Airbnb ROI: 2.84%