• Overview 4 Beds, 4 Bath, 3467 SQ. Feet, 0.17 Acres
• Listing Type Multi-Family
• Office: COMPASS

INVESTMENT OPPORTUNITY – 6% CAP RATE<br><br>Rare Multi-Building Income Property in the Heart of Kailua-Kona<br><br>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.<br><br>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. <br><br>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.<br><br>Highlights include:<br><br>- Property Manager on the site<br>- County sewer connection<br>- New exterior and interior paint<br>- New paint on the roof<br>- Walking distance to dining, retail, beaches, and the harbor<br>- Minutes to Lanihau Center with full-service grocery, restaurants, bowling, post office, salon & more. Ideal for ocean sports enthusiasts - kayaking, sunset sails, all nearby<br><br>Rare zoning + multiple units + income = excellent long-term value<br><br>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.<br><br>Act quickly - this prime investment won’t last long!

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Quick Details

This Property is priced at $1,300,000 and located at 75-195 Ala Onaona St, . With 4 Bedrooms and 4.00 Bathrooms, it offers a total of 3467 Square feet. This Multi-Family was built in 1971 and its status is Active. This property is represented by Emil V Knysh of COMPASS, Contact Number 8087470503.