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.

Arp Investment Property for Sale in Hilo, HI

Search for Arp Investment Property for Sale in Hilo, Hawaii. Browse all of Mashvisor’s Arp Investment Property listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 54 Arp Investment Property listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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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: 4.5% Traditional cash on cash: 7.52% Airbnb Rental Income: $2124 Traditional Rental Income: $2095 Airbnb ROI: 4.5% Traditional ROI: 7.52%
297 W Puainako Street Hilo, HI Discover your dream home in the heart of Hilo town. This charming residence features 2 be...	2 beds \| 2 baths \| 1,120 sq.ft.	$545,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 4.55% Airbnb Rental Income: $2124 Traditional Rental Income: $3384 Airbnb ROI: 1.01% Traditional ROI: 4.55%
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: 3.12% Traditional cash on cash: 4.36% Airbnb Rental Income: $2714 Traditional Rental Income: $2586 Airbnb ROI: 3.12% 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.	$355,000	Airbnb cash on cash: -0.98% Traditional cash on cash: 2.56% Airbnb Rental Income: $2124 Traditional Rental Income: $2760 Airbnb ROI: -0.98% Traditional ROI: 2.56%
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: 0.07% Traditional cash on cash: 0.35% Airbnb Rental Income: $2714 Traditional Rental Income: $2481 Airbnb ROI: 0.07% Traditional ROI: 0.35%
1875 KALANIANAOLE AVE unit: 311 #311 Hilo, HI $100,000 in luxury renovations at an unbeatable price! Welcome to your slice of paradise i...	2 beds \| 1 baths \| 720 sq.ft.	$485,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 1.07% Airbnb Rental Income: $2124 Traditional Rental Income: $2253 Airbnb ROI: -0.41% 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: 2.7% Traditional cash on cash: 5.12% Airbnb Rental Income: $2714 Traditional Rental Income: $3159 Airbnb ROI: 2.7% Traditional ROI: 5.12%
28 S WILIWILI ST Hilo, HI Price Adjustment -* Best Value Solar + Central AC in Hilo!*** Welcome to 28 S. Wiliwil...	3 beds \| 2 baths \| 1,260 sq.ft.	$695,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 3.59% Airbnb Rental Income: $2714 Traditional Rental Income: $3220 Airbnb ROI: 1.82% Traditional ROI: 3.59%
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.	$899,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 3.5% Airbnb Rental Income: $2714 Traditional Rental Income: $4574 Airbnb ROI: 0.51% Traditional ROI: 3.5%
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: 2.14% Traditional cash on cash: 3.52% Airbnb Rental Income: $2714 Traditional Rental Income: $2932 Airbnb ROI: 2.14% 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: 2.36% Traditional cash on cash: 2.21% Airbnb Rental Income: $2714 Traditional Rental Income: $1999 Airbnb ROI: 2.36% 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: 0.56% Traditional cash on cash: 2.68% Airbnb Rental Income: $2124 Traditional Rental Income: $2130 Airbnb ROI: 0.56% 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: 5.4% Traditional cash on cash: 5.03% Airbnb Rental Income: $4673 Traditional Rental Income: $3513 Airbnb ROI: 5.4% Traditional ROI: 5.03%
1273 KUMUKOA ST Hilo, HI A classic vintage home in quiet neighborhood walking distance from UH Hilo and shopping. T...	3 beds \| 2 baths \| 1,512 sq.ft.	$620,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 3.89% Airbnb Rental Income: $2714 Traditional Rental Income: $3364 Airbnb ROI: 1.66% Traditional ROI: 3.89%
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: 2.06% Traditional cash on cash: 3.92% Airbnb Rental Income: $2714 Traditional Rental Income: $3104 Airbnb ROI: 2.06% Traditional ROI: 3.92%
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.	$179,000	Airbnb cash on cash: 4.45% Traditional cash on cash: 7.96% Airbnb Rental Income: $2124 Traditional Rental Income: $2180 Airbnb ROI: 4.45% Traditional ROI: 7.96%
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: 0.72% Traditional cash on cash: 3.47% Airbnb Rental Income: $2714 Traditional Rental Income: $4827 Airbnb ROI: 0.72% 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: 3.45% Traditional cash on cash: 3.45% Airbnb Rental Income: $4673 Traditional Rental Income: $3703 Airbnb ROI: 3.45% 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: -0.83% Traditional cash on cash: 5.12% Airbnb Rental Income: $1396 Traditional Rental Income: $5273 Airbnb ROI: -0.83% 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, $70,000, TMK ...	2 beds \| 1 baths \| 768 sq.ft.	$370,000	Airbnb cash on cash: 2.75% Traditional cash on cash: 4.86% Airbnb Rental Income: $2124 Traditional Rental Income: $2315 Airbnb ROI: 2.75% 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.	$899,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 3.28% Airbnb Rental Income: $4673 Traditional Rental Income: $3779 Airbnb ROI: 3.19% Traditional ROI: 3.28%
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: -0.22% Traditional cash on cash: 7.76% Airbnb Rental Income: $1396 Traditional Rental Income: $7516 Airbnb ROI: -0.22% Traditional ROI: 7.76%
8 KAIKUONO ST Hilo, HI BACK ON MARKET - buyer unable to perform- Charming Kaumana Gem with Ocean Views + Workshop...	3 beds \| 3 baths \| 1,472 sq.ft.	$677,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 4.01% Airbnb Rental Income: $2714 Traditional Rental Income: $3452 Airbnb ROI: 1.82% Traditional ROI: 4.01%
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.	$679,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 4.34% Airbnb Rental Income: $2714 Traditional Rental Income: $3627 Airbnb ROI: 1.89% Traditional ROI: 4.34%
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: 1.05% Traditional cash on cash: 3.42% Airbnb Rental Income: $2714 Traditional Rental Income: $3837 Airbnb ROI: 1.05% 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: -0.82% Traditional cash on cash: -0.37% Airbnb Rental Income: $1580 Traditional Rental Income: $2749 Airbnb ROI: -0.82% 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% Traditional cash on cash: 3.21% Airbnb Rental Income: $4673 Traditional Rental Income: $3861 Airbnb ROI: 3% Traditional ROI: 3.21%
1875 KALANIANAOLE ST unit: 504 #504 Hilo, HI Successful STVR/NUC fully licensed, 5-star rating. Stunning, 1 bedroom, ocean side unit, r...	1 beds \| 1 baths \| 516 sq.ft.	$399,000	Airbnb cash on cash: -3.23% Traditional cash on cash: -1.4% Airbnb Rental Income: $1763 Traditional Rental Income: $1963 Airbnb ROI: -3.23% Traditional ROI: -1.4%
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: -1.11% Traditional cash on cash: 2.07% Airbnb Rental Income: $1396 Traditional Rental Income: $9836 Airbnb ROI: -1.11% 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: 0.42% Traditional cash on cash: 2.29% Airbnb Rental Income: $2124 Traditional Rental Income: $3312 Airbnb ROI: 0.42% 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: -0.67% Traditional cash on cash: 5.96% Airbnb Rental Income: $1396 Traditional Rental Income: $5546 Airbnb ROI: -0.67% 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: -0.16% Traditional cash on cash: 6.55% Airbnb Rental Income: $1396 Traditional Rental Income: $5658 Airbnb ROI: -0.16% 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: 3.04% Traditional cash on cash: 5.31% Airbnb Rental Income: $1763 Traditional Rental Income: $1827 Airbnb ROI: 3.04% 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: 3.12% Traditional cash on cash: 3.41% Airbnb Rental Income: $4673 Traditional Rental Income: $3919 Airbnb ROI: 3.12% Traditional ROI: 3.41%
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.	$498,888	Airbnb cash on cash: 2.48% Traditional cash on cash: 4.98% Airbnb Rental Income: $2714 Traditional Rental Income: $3242 Airbnb ROI: 2.48% Traditional ROI: 4.98%
101 AUPUNI Street #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: 1.49% Traditional cash on cash: 5.72% Airbnb Rental Income: $2124 Traditional Rental Income: $3225 Airbnb ROI: 1.49% 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: 6.17% Traditional cash on cash: 11.13% Airbnb Rental Income: $2714 Traditional Rental Income: $3291 Airbnb ROI: 6.17% 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.	$715,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 2.76% Airbnb Rental Income: $2714 Traditional Rental Income: $2880 Airbnb ROI: 1.55% Traditional ROI: 2.76%
14 PUU HINA ST Hilo, HI This is A MUST-SEE spacious classic Hilo home in a prime location! With approximately 3,00...	4 beds \| 3 baths \| 1,416 sq.ft.	$623,000	Airbnb cash on cash: 4.88% Traditional cash on cash: 5.13% Airbnb Rental Income: $4673 Traditional Rental Income: $3853 Airbnb ROI: 4.88% Traditional ROI: 5.13%
34 MAUNA KEA ST Hilo, HI Centrally located in the heart of Hilo, this unique 2-story home blends vintage charm with...	2 beds \| 2 baths \| 879 sq.ft.	$469,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 4.82% Airbnb Rental Income: $2124 Traditional Rental Income: $2792 Airbnb ROI: 2.06% Traditional ROI: 4.82%

Your search for investment property begins and ends here

Arp 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: 4.5%

Traditional cash on cash: 7.52%

Airbnb Rental Income: $2124

Traditional Rental Income: $2095

Airbnb ROI: 4.5%

Traditional ROI: 7.52%

297 W Puainako Street

Hilo, HI

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

$545,000

Airbnb cash on cash: 1.01%

Traditional cash on cash: 4.55%

Airbnb Rental Income: $2124

Traditional Rental Income: $3384

Airbnb ROI: 1.01%

Traditional ROI: 4.55%

110 MALIA ST

Hilo, HI

3 beds | 1 baths | 765 sq.ft.

$442,000

Airbnb cash on cash: 3.12%

Traditional cash on cash: 4.36%

Airbnb Rental Income: $2714

Traditional Rental Income: $2586

Airbnb ROI: 3.12%

Traditional ROI: 4.36%

84 PUKIHAE ST unit: 802 #802

Hilo, HI

2 beds | 2 baths | 906 sq.ft.

$355,000

Airbnb cash on cash: -0.98%

Traditional cash on cash: 2.56%

Airbnb Rental Income: $2124

Traditional Rental Income: $2760

Airbnb ROI: -0.98%

Traditional ROI: 2.56%

2048 KALANIANAOLE ST

Hilo, HI

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

$1,590,000

Airbnb cash on cash: 0.07%

Traditional cash on cash: 0.35%

Airbnb Rental Income: $2714

Traditional Rental Income: $2481

Airbnb ROI: 0.07%

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: -0.41%

Traditional cash on cash: 1.07%

Airbnb Rental Income: $2124

Traditional Rental Income: $2253

Airbnb ROI: -0.41%

Traditional ROI: 1.07%

414-A MOHOULI ST

Hilo, HI

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

$480,000

Airbnb cash on cash: 2.7%

Traditional cash on cash: 5.12%

Airbnb Rental Income: $2714

Traditional Rental Income: $3159

Airbnb ROI: 2.7%

Traditional ROI: 5.12%

28 S WILIWILI ST

Hilo, HI

3 beds | 2 baths | 1,260 sq.ft.

$695,000

Airbnb cash on cash: 1.82%

Traditional cash on cash: 3.59%

Airbnb Rental Income: $2714

Traditional Rental Income: $3220

Airbnb ROI: 1.82%