Hawaii Living

Hilo Terrace #123 (Hilo)

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Photo 1 of 485 Waianuenue Ave #123, Hilo
Photo 2 of 485 Waianuenue Ave #123, Hilo
Photo 3 of 485 Waianuenue Ave #123, Hilo

485 Waianuenue Ave #123, Hilo

Description
Zoned General Commercial, which is conforming for a potential STVR License. Perfect for investment short term or long term rentals. Ground floor & corner unit. This newly renovated space at Hilo Terrace is awaiting its new owners to make it their own. Featuring 2 bedrooms, 1 bathroom, a kitchen, and living room setup. *Kitchen island is movable for added convenience. Total square footage of 695 sqft. Mail service, pool access, parking space and laundry facilities all available on site.

Just minutes away from all the fun! Located up the road from - Hilo's Friday Night Market, downtown farmers market, an array of local restaurants & eateries, and grocery's such as KTA and Sack N Save. Also, importantly, located down the road from Hilo Hospitals and School.

Recent improvements to the Hilo Terrace complex in recent years include the refinishing of the in-ground pool and laundry facilities in 2019, asphalted parking lot in 2020, and new roofs on all buildings in 2023. The last reported monthly maintenance fee of $535 covers water, sewer, gas, condo insurance and common area maintenance. Owners are responsible for their own electricity, trash fee, cable, internet and phone service.

*Check out the virtual tour for your added convenience!
Past Activity
  • Dec 04, 2024 Sold for $215,000
  • Nov 04, 2024 Under Contract
  • Sep 15, 2024 Listed at $249,000
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $0.77
  • Price / ft²: $309
  • Zoning: CG-20
  • Security Features: Closed Circuit Camera(s), Security System
  • Amenities: Range, Refrigerator
  • TMK: 3230160660037
  • Tax Assessed Value: $54,300
  • Courtesy: Coldwell Banker Island Properties - Hilo / 8088962644
  • MLS: 714160
About Hilo Terrace
  • Address: 485 Waianuenue Ave, Hilo, HI 96720.
     
  • Built: 1963, 100 Units, 2 Bedrooms, 10 2-Story Buildings, 3.5 Acre.
     
  • Amenities: Pool.
     
  • Short-term Vacation Renting: Not Allowed.

Hilo Terrace is a charming condominium complex with a prime location in Hilo. It’s located just moments away from the downtown shopping area, farmer’s market, schools and Hilo Bayfront Beach Park.

Originally a leasehold property, the majority of units have converted to fee simple ownership in early 2025. For added comfort, a resident manager is availa

  ... Read more
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on January 12, 2026.
Other Hilo Terrace Listings
$179,950
Hilo Terrace #241
2 Bds | 1 Ba
695 ft²
Other Hilo Condos
$237,000
Lagoon View Apartments #A3
1 Bd | 1 Ba
448 ft²
$250,000
Waiakea Villas #1106
1 Bd | 1 Ba
575 ft²
$172,000
Puueo Villa #16
2 Bds | 1 Ba
660 ft²
$269,000
Wainaku Terrace #101
2 Bds | 1.5 Ba
706 ft²
$270,000
33 Hualalai #209
1 Bd | 1 Ba
608 ft²
$205,000
Waiakea Villas #8283
Studio | 1 Ba
380 ft²
  • Sold 12/4/24 at $215,000
    (List Price: $215,000)
Description
Zoned General Commercial, which is conforming for a potential STVR License. Perfect for investment short term or long term rentals. Ground floor & corner unit. This newly renovated space at Hilo Terrace is awaiting its new owners to make it their own. Featuring 2 bedrooms, 1 bathroom, a kitchen, and living room setup. *Kitchen island is movable for added convenience. Total square footage of 695 sqft. Mail service, pool access, parking space and laundry facilities all available on site.

Just minutes away from all the fun! Located up the road from - Hilo's Friday Night Market, downtown farmers market, an array of local restaurants & eateries, and grocery's such as KTA and Sack N Save. Also, importantly, located down the road from Hilo Hospitals and School.

Recent improvements to the Hilo Terrace complex in recent years include the refinishing of the in-ground pool and laundry facilities in 2019, asphalted parking lot in 2020, and new roofs on all buildings in 2023. The last reported monthly maintenance fee of $535 covers water, sewer, gas, condo insurance and common area maintenance. Owners are responsible for their own electricity, trash fee, cable, internet and phone service.

*Check out the virtual tour for your added convenience!
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on January 12, 2026.
    • Dec 04, 2024 Sold for $215,000
    • Nov 04, 2024 Under Contract
    • Sep 15, 2024 Listed at $249,000
    • Address: 485 Waianuenue Ave, Hilo, HI 96720.
       
    • Built: 1963, 100 Units, 2 Bedrooms, 10 2-Story Buildings, 3.5 Acre.
       
    • Amenities: Pool.
       
    • Short-term Vacation Renting: Not Allowed.

    Hilo Terrace is a charming condominium complex with a prime location in Hilo. It’s located just moments away from the downtown shopping area, farmer’s market, schools and Hilo Bayfront Beach Park.

    Originally a leasehold property, the majority of units have converted to fee simple ownership in early 2025. For added comfort, a resident manager is availa

      ... Read more
    Other Hilo Terrace Listings
    $179,950
    Hilo Terrace #241
    2 Bds | 1 Ba
    695 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, our network of agents 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.
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    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
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