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55-492 Ilina Rd (Hawi)

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55-492 Ilina Rd, Hawi
Inquire / Showing / Video Tour
Description
Charming Plantation Home in Hawi – Multi-Unit Investment Opportunity

Seller financing may be available with 50% to 60% down, subject to buyer qualifications.

Location, location, location! Just a five-minute walk from downtown Hawi’s restaurants, shopping, and services, this beautifully remodeled Plantation home offers versatile living options with four self-contained units. Thoughtfully designed for comfort and functionality, the property embodies the charm of North Kohala’s Plantation era, with tasteful finishes that capture the essence of old Hawaii.

Surrounded by mature fruit trees and lush landscaping, the home provides a tranquil and picturesque setting. The main house has been reconfigured into three separate units. The upstairs 2-bedroom, 1.5-bath features granite kitchen counters, stainless steel appliances, Kohler bath fixtures, and ceiling fans throughout, offering excellent airflow and captivating views. The ground-floor 1-bedroom, 1-bath unit boasts an eat-in kitchen and abundant natural light with serene garden views. At the back, an efficient 1-bedroom, 1-bath apartment provides a cozy, low-maintenance living space.

Additionally, the detached back cottage was remodeled in 2018 with a new roof structure, corrugated metal roofing, and significant kitchen and bath upgrades. With a 6.5% cap rate, this property presents an excellent investment opportunity in the heart of Hawi.
Recent Activity
  • Sep 04, 2024 Listed at $1,158,000
  • Jul 18, 2024 Off Market
Past Sales
(Hawi)
More Details
  • Price / ft²: $516
  • Zoning: RS-15
  • TMK: 3550110480000
  • Tax Assessed Value: $603,900
  • Courtesy: Jeffrey Samuels Realty
  • MLS: 713845
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2025 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on March 29, 2025.
Other Hawi Homes
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$1,045,000
55-3456-B Akoni Pule Highway
2 Bds | 2 Ba
1,642 ft²
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$898,000
55-746-A Hawi Rd #B
1 Bd | 1.5 Ba
1,116 ft²
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$1,400,000
55-2253 Kynnersley Rd
3 Bds | 2 Ba
1,084 ft²
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$628,500
55-463 Hikiaupea Pl
3 Bds | 2 Ba
1,131 ft²
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Waimea (Kamuela)
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$925,000
64-5270 Hoohoa St
5 Bds | 2 Ba
2,296 ft²
Naalehu
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$1,099,000
94-2664 Lorenzo Rd
3 Bds | 1 Ba
1,240 ft²
Kapaau
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$1,097,000
54-3758 Hinahina Rd
3 Bds | 2 Ba
1,615 ft²
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$1,100,000
45-3396 Mamane St
4 Bds | 6 Ba
3,435 ft²
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$1,100,000
73-1137 Ahikawa St
3 Bds | 3 Ba
2,550 ft²
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$1,100,000
724-B Wainaku St
3 Bds | 2.5 Ba
2,027 ft²
  • Asking Price: $1,098,000
Description
Charming Plantation Home in Hawi – Multi-Unit Investment Opportunity

Seller financing may be available with 50% to 60% down, subject to buyer qualifications.

Location, location, location! Just a five-minute walk from downtown Hawi’s restaurants, shopping, and services, this beautifully remodeled Plantation home offers versatile living options with four self-contained units. Thoughtfully designed for comfort and functionality, the property embodies the charm of North Kohala’s Plantation era, with tasteful finishes that capture the essence of old Hawaii.

Surrounded by mature fruit trees and lush landscaping, the home provides a tranquil and picturesque setting. The main house has been reconfigured into three separate units. The upstairs 2-bedroom, 1.5-bath features granite kitchen counters, stainless steel appliances, Kohler bath fixtures, and ceiling fans throughout, offering excellent airflow and captivating views. The ground-floor 1-bedroom, 1-bath unit boasts an eat-in kitchen and abundant natural light with serene garden views. At the back, an efficient 1-bedroom, 1-bath apartment provides a cozy, low-maintenance living space.

Additionally, the detached back cottage was remodeled in 2018 with a new roof structure, corrugated metal roofing, and significant kitchen and bath upgrades. With a 6.5% cap rate, this property presents an excellent investment opportunity in the heart of Hawi.
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2025 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on March 29, 2025.
    • Sep 04, 2024 Listed at $1,158,000
    • Jul 18, 2024 Off Market
    Other Hawi Homes
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    $1,045,000
    55-3456-B Akoni Pule Highway
    2 Bds | 2 Ba
    1,642 ft²
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    $898,000
    55-746-A Hawi Rd #B
    1 Bd | 1.5 Ba
    1,116 ft²
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    $1,400,000
    55-2253 Kynnersley Rd
    3 Bds | 2 Ba
    1,084 ft²
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    $628,500
    55-463 Hikiaupea Pl
    3 Bds | 2 Ba
    1,131 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.