Ad #7941677
MLS #731426
Investment Opportunity at 75-190 Alakai St. A Multi-Unit
75-190 ALAKAI ST, Kailua Kona, HI 96740
$950,000
4Beds
5Baths
2,170Sqft
0.177Acres
About this property
Investment Opportunity at 75-190 Alakai St. A Multi-Unit Property with Strong Rental Income & Value-Add Potential! Opportunity awaits with this income-producing multi-unit property in the heart of Kailua-Kona. Currently generating $7,250 per month ($87,000 annually) in rental income, this property offers immediate cash flow while providing significant upside for investors, contractors, or owner-occupants looking to increase value through renovations and improvements. The current layout includes: Upper Front Unit: 2 bedroom / 1 bathroom with kitchen and living area Upper Rear Unit: 1 bedroom / 1 bathroom with kitchen and living area Lower Unit: 1 bedroom / 1 bathroom Additional Rental Space: Separate room currently rented, plus five storage rooms and an additional bathroom offering flexibility for storage or other potential uses (buyers to conduct their own due diligence regarding permitted use). One of the property's biggest advantages is its generous lot with the potential to create additional off-street parking-an attractive feature that can add convenience and increase long-term value. Conveniently located just minutes from Historic Kailua Village, restaurants, shopping, grocery stores, schools, medical facilities, and the Kona waterfront, the property also offers quick access to Alii Drive, beaches, snorkeling, fishing, and outdoor recreation. Its central location makes it desirable for long-term tenants seeking easy access to employment, services, and everyday amenities. Whether you're looking to renovate and maximize rental income, build equity through improvements, or occupy one unit while generating income from the others, this property offers exceptional flexibility and investment potential in one of Kona's most convenient locations. Bring your vision and unlock the possibilities this rare multi-unit opportunity has to offer.
Property Features
4 Beds
5 Baths
2,170 Sqft
Built in 1970
0.177 Acres
$7,630 / yr property tax
LONO - KO SUBDIVISION Community
Additional Photos
Contact Information
Kurtis S Becker
Coldwell Banker Island Properties
808-430-6785
Location
Listing Agent: Kurtis S Becker 808-430-6785
Broker: Coldwell Banker Island Properties 808-724-6854 Listing Site
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.
Broker: Coldwell Banker Island Properties 808-724-6854 Listing Site
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.
BeachHouse.com
Printed Jul 28, 2026
Photo Gallery
$950,000
4
Beds
5
Baths
2,170
Sqft
75-190 ALAKAI ST, Kailua Kona, HI 96740
By contacting this agent you agree to these Terms and Conditions.
MLS# 731426
Investment Opportunity at 75-190 Alakai St. A Multi-Unit
$950,000
75-190 ALAKAI ST, Kailua Kona, HI 96740
4
Beds
5
Baths
2,170
Sqft
0.177
Acres
$950,000
75-190 ALAKAI ST, Kailua Kona, HI 96740
4 Beds
5 Baths
2,170 Sqft
0.177 Acres
Investment Opportunity at 75-190 Alakai St. A Multi-Unit Property with Strong Rental Income & Value-Add Potential! Opportunity awaits with this income-producing multi-unit property in the heart of Kailua-Kona. Currently generating $7,250 per month ($87,000 annually) in rental income, this property offers immediate cash flow while providing significant upside for investors, contractors, or owner-occupants looking to increase value through renovations and improvements. The current layout includes: Upper Front Unit: 2 bedroom / 1 bathroom with kitchen and living area Upper Rear Unit: 1 bedroom / 1 bathroom with kitchen and living area Lower Unit: 1 bedroom / 1 bathroom Additional Rental Space: Separate room currently rented, plus five storage rooms and an additional bathroom offering flexibility for storage or other potential uses (buyers to conduct their own due diligence regarding permitted use). One of the property's biggest advantages is its generous lot with the potential to create additional off-street parking-an attractive feature that can add convenience and increase long-term value. Conveniently located just minutes from Historic Kailua Village, restaurants, shopping, grocery stores, schools, medical facilities, and the Kona waterfront, the property also offers quick access to Alii Drive, beaches, snorkeling, fishing, and outdoor recreation. Its central location makes it desirable for long-term tenants seeking easy access to employment, services, and everyday amenities. Whether you're looking to renovate and maximize rental income, build equity through improvements, or occupy one unit while generating income from the others, this property offers exceptional flexibility and investment potential in one of Kona's most convenient locations. Bring your vision and unlock the possibilities this rare multi-unit opportunity has to offer.
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Property Details
HOME DETAILS
4 Beds
5 Baths
2,170 Sqft
Built in 1970
0.177 Acres
FINANCIAL & COMMUNITY
$7,630 / yr property tax
LONO - KO SUBDIVISION Community
Location
Mortgage Calculator
Ad Statistics
Ad Number
7941677
Viewed
38 times
Listing Status
Active
Added
Jun 29, 2026
Last Refresh
Jul 28, 2026 11:01:31 AM
Listing Information
Data Source
Hawaii Information Service
Source Property ID
731426
Listing Agent: Kurtis S Becker 808-430-6785
Broker: Coldwell Banker Island Properties 808-724-6854 Listing Site
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.
Broker: Coldwell Banker Island Properties 808-724-6854 Listing Site
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.
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