Hawaii Living

287 Wainaku St (Hilo)

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287 Wainaku St, Hilo
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Description
The location of this property—and its beautiful surroundings—makes it an incredible opportunity and a truly great deal! The living space is small, cozy, and easy to maintain. Upstairs features a single room with an enclosed lanai that can serve as an additional room. The bathroom is spacious, and the upstairs also includes a kitchen with a stove and refrigerator. With its own separate entrance, the downstairs offers a bedroom with a closet, plus a living room/dining area. The kitchen has a small refrigerator and the potential for expansion.What really sets this property apart is its distinctive location. The neighborhood is wonderful, and you’re within walking distance of Old Downtown Hilo, where you’ll find coffee shops, restaurants, local stores, and the vibrant energy of Hawaiʻi.This home is nestled within a quiet three-lot subdivision, and the other two lots are also for sale. Enjoy a peaceful riverfront setting with low-bank access to the stream—perfect for relaxing. The lot is sunny, breezy, and has parking for 2–4 vehicles. Flexible possibilities: ideal as a primary home, investment property, or future development (multi-family zoning).
Recent Activity
Recent Sales
(Hilo)
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $513
  • Zoning: RM-10
  • View: Garden, River
  • Amenities: Disposal, Range, Range Hood, Refrigerator
  • TMK: 3260080420000
  • Tax Assessed Value: $507,900
  • Courtesy: Ray Kobayashi Jr REALTOR / 8084300021
  • MLS: 718446
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 25, 2026.
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Description
The location of this property—and its beautiful surroundings—makes it an incredible opportunity and a truly great deal! The living space is small, cozy, and easy to maintain. Upstairs features a single room with an enclosed lanai that can serve as an additional room. The bathroom is spacious, and the upstairs also includes a kitchen with a stove and refrigerator. With its own separate entrance, the downstairs offers a bedroom with a closet, plus a living room/dining area. The kitchen has a small refrigerator and the potential for expansion.What really sets this property apart is its distinctive location. The neighborhood is wonderful, and you’re within walking distance of Old Downtown Hilo, where you’ll find coffee shops, restaurants, local stores, and the vibrant energy of Hawaiʻi.This home is nestled within a quiet three-lot subdivision, and the other two lots are also for sale. Enjoy a peaceful riverfront setting with low-bank access to the stream—perfect for relaxing. The lot is sunny, breezy, and has parking for 2–4 vehicles. Flexible possibilities: ideal as a primary home, investment property, or future development (multi-family zoning).
    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 25, 2026.
    Other Hilo Homes
    $450,000
    126 W Kinai Pl
    2 Bds | 2.5 Ba
    1,200 ft²
    Leasehold
    $450,000
    203 Todd Ave
    3 Bds | 2 Ba
    2,011 ft²
    $449,000
    414-A Mohouli St
    3 Bds | 1.5 Ba
    1,080 ft²
    $449,000
    347 Iliahi St
    15 Bds | 5 Ba
    4,866 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.
    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.