619 MILILANI ST, HILO, HI 96720

Two homes on one lot with potential for future commercial zoning

Listing Provided by: Coldwell Banker Island Properties - Hilo
MLS #: 728219
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Description

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 ¾ bath and one ¼ 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 ¾ 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.**

Property Details

Price: $715,000
Sold Price:
Address: 619 MILILANI ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential Income
Type:

Total Bedrooms: 5
Total Bathrooms: 3
Full Baths: 2
Living Area: 2,904 Square Feet

Listed by: Coldwell Banker Island Properties - Hilo
Year Built: 1932
Levels: Two

Features and Amenities

Interior Features:
Exterior Features:
View:
Pool:
Pool Features:

Appliances: Dryer, Oven, Refrigerator, Washer
Fireplace Features:
Flooring: Carpet
Security:
Laundry:
Garage Spaces:
Carport Spaces:
Parking Features: Covered
Additional Structures:
Home Warranty:

Community Information

Project Name:
Subdivision Name: WAIAKEA HOUSE LOTS 1ST SERIES
Association Fee: $0 Monthly
Stories:
Year Established:
Lava Zone: 3
Flood Zone: X

Land Information

Lot Size: 10,900 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple
Lot Features:
Frontage Type:
Roads: County, Paved
Roads Frontage Type:
Zoning: RS-10
Horse Amenities:

Additional Details

Assessed Tax Value: $531,700
Annual Tax: $3,164
Tax Year: 2024
Tax Lot: 1-A
Tax Block:

Utilities: Electricity Available, Sewer Connected
Cooling:
Heating:
Sewer:
Water:
Solid Waste Disposal: None

First Listed February 24, 2026, 8:44 am
Last Updated February 24, 2026, 9:27 am
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:

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