36 KOMOHANA ST, HILO, HI 96720

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Historic Charm Meets Modern Living – Multi-Unit Property with Assumable VA Loan!

This one-of-a-kind property masterfully blends timeless Japanese craftsmanship with modern updates, offering a unique opportunity for multi-generational living, hosted rentals, or income-producing units—all with the added benefit of an assumable VA loan at 2.875%!

Main Home | 4 Bed, 1.5 Bath | 1,976 Sq Ft
Authentic, Japanese tatami room built with stunning joinery and carved authentic woodwork
Arched doorways, pocket doors/windows, vintage glass knobs, original hardwood floors
Expansive kitchen with floor-to-ceiling cabinetry, formal dining & living rooms
Appliances recently updated, on-demand Renai propane water heater
Renovated upstairs bath with quality finishes
Beautiful big windows throughout provide exceptional airflow. There is generous storage throughout the home
Washer/dryer- discreetly tucked into one bedroom—ideal for a wellness room, studio, or home office

Downstairs Unit | 1 Bed 1 Bath | 1,544 Sq Ft (Furnished vacation rental with its own entrance)
Private, one bedroom apartment with a full kitchen, living room, and office
Move-in ready or continue hosting with a strong rental setup
Bright and spacious, with its own washer and dryer.

Legal 'Ohana | 2 Bed, 1 Bath | (Stand alone, furnished vacation rental with its own carport)
Full kitchen, living area, deep soaking tub
Electrical and plumbing updated or replaced upon renovation, on-demand Renai propane water heater
Office nook, pantry, and excellent ventilation
Two separate entrances, great income history with an independent electric meter.
Under the 'ohana is a 2-car carport, screened in bonus room with 1/2 bath and separate laundry facility

Additional Highlights:
Brand new roof on main home and carport (2024)
There are two carports, 400 sqft each.  There is room for more parking on property for up to 8 vehicles