4 Beds
4 Baths
3,467 SqFt
4 Beds
4 Baths
3,467 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,467 sqft
Price per Sqft $374
Subdivision Lono - Kona Subdivision
MLS Listing ID 725108
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1971
Annual Tax Amount $5,777
Tax Year 2020
Lot Size 7,500 Sqft
Property Sub-Type Duplex
Source Hawaii Information Service
Land Area 7500
Property Description
Rare Multi-Building Income Property in the Heart of Kailua-Kona
Now offered is a unique investment opportunity to acquire two residential buildings situated in the desirable Lono-Kona Subdivision, just a short stroll from Kailua Pier, restaurants, shops, and all the conveniences of Kona town.
Set back from the buzz of Ali‘i Drive, this private compound features two spacious homes - currently utilized as a 13-bedroom / 6-bath income property, offering excellent rental income and strong occupancy potential.
Zoned RD-3.75 (Double-Family Residential District), this property offers rare zoning flexibility, with a minimum land area requirement of 3,750 SF per dwelling unit. This opens up possibilities for creative long-term rentals or multi-generational configurations.
Highlights include:
- Property Manager on the site
- County sewer connection
- New exterior and interior paint
- New paint on the roof
- Walking distance to dining, retail, beaches, and the harbor
- Minutes to Lanihau Center with full-service grocery, restaurants, bowling, post office, salon & more. Ideal for ocean sports enthusiasts - kayaking, sunset sails, all nearby
Rare zoning + multiple units + income = excellent long-term value
This is a must-see opportunity for savvy investors seeking a well-located, high-yield property in one of Kona's most vibrant and walkable neighborhoods.
Act quickly - this prime investment won't last long!
Location
State HI
Community Lono - Kona Subdivision
Area Hi
Zoning RD-3.75
Region North Kona
City Region North Kona
Interior
Flooring Carpet
Appliance Electric Cooktop, Microwave, Other, Refrigerator
Exterior
Parking Features Unassigned
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Connected
View Y/N No
Topography Fairly Level
Garage No
Private Pool No
Land Tenure Fee Simple
Waterfront YN No
Building
Unit Features Duplex
Entry Level Two
Others
Ownership Full
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Fee Simple, Standard
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