Unique investment opportunity in the heart of Hilo featuring two

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Home For Sale

619 MILILANI ST

Hilo, Hawaii 96720

Community: WAIAKEA HOUSE LOTS 1ST SERIES

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$715,000 5 br, 3.0 bath 2904 sq. ft. 0.250 acres

Unique investment opportunity in the heart of Hilo featuring two separate homes on one lot, offering flexibility for multi-generational living or rental income. Surrounded by a mix of residential and commercial properties, there may be potential to pursue commercial zoning (buyers to verify with the County) The first home, a charming multi-level residence (white home), was originally built in 1932 and refreshed in 2020, featuring two bedrooms and two bathrooms (one 3/4 bath and one 1/4 bath). The second dwelling, a yellow multi-level home built in 1985, offers two bedrooms and one full bathroom on the upper level, with an additional bedroom and 3/4 bathroom on the lower level. This versatile property presents multiple possibilities for investors or owner-occupants alike - generate rental income from both homes, live in one while renting the other, or accommodate multi-generational living. Conveniently located just minutes from shopping, dining, and outdoor recreation, including the nearby Hilo Shopping Center and Wailoa State Park. **Information herein is based on county records and may not reflect actual property details. Buyers and buyer's agents are advised to independently verify all material facts deemed important to their purchase.**

Interior:
  • Bedrooms: 5
  • Baths: 3.0
  • Sq Ft: 2904
  • Year Built: 1932
  • Utilities: 
  • Fireplaces: 
  • Stories: 2
  • Heat/AC: 
  • Garage: Covered
Exterior:
  • Lot Size: 0.250 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: 
  • Roof: 
  • Property Taxes: $3,164
  • MLS #: 728219
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Contact Information:
Beach Home For Sale in Hilo, Hawaii
Listing Agent: Tessie Fontes, Coldwell Banker Island Properties, 808-640-4077, 808-969-7863 Listing Site, Listing Status: Active
Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7315774
Viewed 20 times.
Updated: Mar 14, 2026

This property is a Home located at 619 MILILANI ST, Hilo, Hawaii 96720, and is currently For Sale at $715,000. This Home has 5 bedrooms, 3.0 baths, 2904 sq ft.