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Description
Great Income Opportunity – 3 Rental Units on 1 Acre | $522,000 Located at the end of a quiet dead-end street on Pualaa Rd, this versatile property backs up to a forest reserve, offering privacy, greenery, and long-term value. Just 10 minutes to Pāhoa and approximately 20 miles to Hilo.The property features three rental units on one full acre:Main home: 2 bedrooms / 1 bathroomDuplex: Two units, each 2 bedrooms / 1 bathroomGross rental income is approximately $4,800 per month, totaling $57,600 per year, making this an excellent opportunity for investors or owner-occupants.The property is zoned RS-15k, allowing for the potential to subdivide and build an additional home, adding even more future value and income potential.Enjoy peaceful country living with ample parking, separate living spaces, and a lush tropical setting—while still being close to schools, shopping, and dining.Property Highlights:Lot Size: 1 AcreUnits: 3 rental units (Single-family home + Duplex)Total Bedrooms: 6Total Bathrooms: 3Gross Income: ~$4,800/month (~$57,600/year)Zoning: RS-15,000 (Subdivision & additional build potential)Location: Dead-end street, backs to forest reservePrice: $522,000NO TERMS
Great Income Opportunity – 3 Rental Units on 1 Acre | $522,000 Located at the end of a quiet dead-end street on Pualaa Rd, this versatile property backs up to a forest reserve, offering privacy, greenery, and long-term value. Just 10 minutes to Pāhoa and approximately 20 miles to Hilo.The property features three rental units on one full acre:Main home: 2 bedrooms / 1 bathroomDuplex: Two units, each 2 bedrooms / 1 bathroomGross rental income is approximately $4,800 per month, totaling $57,600 per year, making this an excellent opportunity for investors or owner-occupants.The property is zoned RS-15k, allowing for the potential to subdivide and build an additional home, adding even more future value and income potential.Enjoy peaceful country living with ample parking, separate living spaces, and a lush tropical setting—while still being close to schools, shopping, and dining.Property Highlights:Lot Size: 1 AcreUnits: 3 rental units (Single-family home + Duplex)Total Bedrooms: 6Total Bathrooms: 3Gross Income: ~$4,800/month (~$57,600/year)Zoning: RS-15,000 (Subdivision & additional build potential)Location: Dead-end street, backs to forest reservePrice: $522,000NO TERMS
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.
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.
