Waiakea Real Estate

Waiakea Real Estate

Welcome to Waiakea, a charming neighborhood located in Hilo, Hawaii. Known for its lush greenery, stunning ocean views, and friendly community, Waiakea offers a peaceful and serene environment for residents to call home.

This neighborhood is nestled in the heart of Hilo, the largest city on the Big Island of Hawaii. With its convenient location, Waiakea provides easy access to local amenities, including shopping centers, restaurants, schools, and parks. Residents can enjoy a laid-back lifestyle while still being close to all the necessities of modern living.

Nature enthusiasts will appreciate Waiakea's proximity to natural wonders such as Rainbow Falls and Wailuku River State Park. Outdoor activities like hiking, swimming, and picnicking are just a stone's throw away, allowing residents to immerse themselves in the beauty of Hawaii's landscape.

Families will also find Waiakea to be an ideal place to settle down, with top-rated schools and a strong sense of community. The neighborhood is safe, clean, and perfect for raising children in a wholesome environment.

Whether you are looking for a tranquil retreat or a place to raise a family, Waiakea offers the perfect blend of natural beauty, convenience, and community spirit. Come and discover why Waiakea is one of the most sought-after neighborhoods in Hilo, Hawaii.

Newest Listings in Waiakea

$205,000
1 Baths ⋅ 731171 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waiakea Villas BLDG.
Welcome to this inviting second-floor condominium at Waiakea Villas, where pool views and a central Hilo location create the perfect blend of comfort and convenience. Enjoy the added privacy of having no upstairs neighbors while relaxing on your lanai overlooking the community pool. Ideally situated just minutes from the University of Hawaiʻi at Hilo, Hilo Medical Center, Prince Kūhiō Plaza, restaurants, shopping, parks, and the Hilo Farmers Market, you'll also be a short drive from Hilo's beautiful beaches, where you can enjoy swimming, snorkeling, and spotting Hawaiian green sea turtles. Whether you're searching for a primary residence, an investment property, or a low-maintenance island getaway, this well-located condo offers outstanding versatility and may also appeal to buyers considering future short-term vacation rental possibilities. Some of the photos are virtually enhanced and / or staged.

400 Hualani St Unit 3217, HILO

Listing courtesy of eXp Realty.

$175,000
1 Baths ⋅ 731076 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waiakea Villas BLDG.
This charming studio condo is located in beautiful Waiakea Villas. The unit comes fully furnished with a refrigerator, range, and microwave and may qualify for a Short Term Vacation Rental. This studio sits on the 3rd floor overlooking the pool and is situated in a building that takes advantage of the trade wind breezes. Located in a tropical setting, Waiakea Villas provides easy access to Downtown Hilo, Wailoa State Park, and local amenities, making it highly attractive to visitors. Whether you’re looking to capitalize on the vacation rental market or enjoy a serene island retreat, this condo combines convenience and potential in a sought-after location.

400 Hualani St Unit 3321, HILO

Listing courtesy of Property Professionals Hawaii LLC..

$230,000
1 Baths ⋅ 731230 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waiakea Villas BLDG.
2 nd floor, 380 sq ft interior and 90 sq ft lanai 1 bathroom Studio Unit at ever popular Waiakea Villas. Located at building 5 unit 242. Interior shows pride of ownership, kept clean, nice views of pool and surrounding gardens. Features include Tennis court, Koi ponds, a variety of tropical flora and small waterfall areas that will sooth the soul. Inclusions of Coin op laundry, separately metered electric, monthly homeowners fee covers, water, sewer, gas for water heating, pool maintenance, parking space, landscaping, trash collecting and reserve fund contributions. Security provided by Aloha Security Co. Adjoins Wailoa park, a wonderful spot for enjoying walks, jogging trails, fishing, party and picnic areas with grills, benches and covered pavilions. Situated in the midst of charming Hilo, offering you easy access to shopping, restaraunts and numerous other places of business. Walking distance to churches, schools, University of Hawaii. Close to Hilo Benioff Hospital and other medical facilities.

400 Hualani St Unit 5242, HILO

Listing courtesy of Hilo Bay Realty LLC.

$265,000
1 Beds ⋅ 1 Baths ⋅ 730119 MLS ⋅ ['Fee Simple'] Tenure ⋅ 33 Hualalai BLDG.
Welcome to this thoughtfully updated condominium nestled in one of Hilo's most convenient locations on the island of Hawaiʻi. Unit #310 at 33 Hualalai Street has been nicely renovated and is move-in ready, offering a comfortable and modern living space with the charm of the Big Island just outside your door. This renovated unit features updated finishes throughout, reflecting care and attention to detail. Whether you're looking for a full-time residence or a Big Island retreat, this property delivers a fresh, contemporary feel in a well-established building. Everyday errands are a breeze from this central Hilo location. A wide variety of retail stores, dining options, and entertainment are just minutes away. The Manono Street Marketplace offers a vibrant mix of local eateries, boutique shops, and everyday conveniences. Historic Downtown Hilo, with its beloved Farmers Market, eclectic shops, and waterfront dining, is also easily accessible. Hilo offers a welcoming, close-knit community atmosphere with year-round tropical weather, breathtaking scenery, and a deep connection to Hawaiian culture and tradition. From the weekly Farmers Market to world-class stargazing on Mauna Kea, there is always something to discover.

33 Hualalai St Unit 310, HILO

Listing courtesy of Real Broker.

$220,000
729994 MLS ⋅ ['Fee Simple'] Tenure
GREAT LOCATION!! BUILD ON THIS LEVEL LOT IN DOWNTOWN HILO IN BACK OF HILO SHOPPING CENTER, CLOSE TO PRINCE KUHIO MALL, AIRPORT, RESTAURANTS.

141 Manini St, HILO

Listing courtesy of INPAC Realty.

$250,000
202607301 MLS ⋅ FS - Fee Simple Tenure
Home buyers,Contractors, Investors Special!! Build on this level lot located in Downtown Hilo in back of Hilo Shopping Center close to Prince Kuhio Mall, airport, restaurants. Owner is related to listor who is a licensed Real Estate Agent in the State of Hawaii.

141 Manini Street, Hilo

Listing courtesy of INPAC Realty, Inc..

$210,000
1 Beds ⋅ 1 Baths ⋅ 728805 MLS ⋅ ['Fee Simple'] Tenure ⋅ 33 Hualalai BLDG.
Discover comfortable island living at 33 Hualalai St.—a well‑kept condo building in a prime Downtown Hilo location near Longs, Ace Hardware, 7-11 and Kuhio Grille. This lower-level 1BR/1BA unit features a private entrance and offers everyday convenience with amenities such as a common-area laundry room, manicured grounds, a dedicated parking stall, and onsite mail and trash facilities. Constant upgrades to the building keep it modern and well maintained.

33 Hualalai St Unit 101, HILO

Listing courtesy of Day Lum Hawai'i LLC.

$245,000
1 Beds ⋅ 1 Baths ⋅ 725692 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waiakea Villas BLDG.
Welcome to Waiakea Villas — an apartment complex in the heart of Hilo, set among beautifully landscaped tropical grounds and peaceful waterways. This well-maintained 1-bedroom, 1-bath condo, with soaring cathedral ceilings, offers comfortable living with a spacious layout and excellent natural light throughout. The open living area flows nicely into the kitchen and dining space, creating a warm and inviting atmosphere. Large windows bring in views of palm trees and the surrounding greenery, giving the unit a private and tranquil feel. The bedroom is generously sized, with plenty of space for a king- or queen-sized bed and additional furniture. The full bath is clean and functional, with easy access from the hallway. Enjoy relaxing on your covered lanai overlooking the tropical landscaping — an ideal spot for morning coffee or winding down in the evening. The complex features a swimming pool, on-site laundry facilities, and beautifully maintained walkways surrounded by mature palms and koi ponds. Conveniently located near the University of Hawaiʻi at Hilo, shopping, restaurants, parks, and Hilo’s main commercial district, Waiakea Villas offers a peaceful retreat with excellent accessibility. This fee simple unit is perfect for first-time buyers, investors, or anyone looking for a low-maintenance property in a great location. A wonderful opportunity to own in one of Hilo’s most established condominium communities.

400 Hualani St Unit 3220, HILO

Listing courtesy of Hilo Brokers Ltd.

$210,000
1 Baths ⋅ 724460 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waiakea Villas BLDG.
Affordable Cozy Condo centrally located in Hilo Town. Waiakea Villas is a one of kind space with Beautiful flowering landscaping, water canals stocked with Koi fish water fountains, water falls, ducks, covered walkways and a pool. If you are searching for a living comfortable space in Hilo with all of the amenities look no further for here it is! This super cozy and comfy unit is on the second floor with a good sized lanai facing the Pool. This Condo may only be 380 sqft but it has everything you need for comfort. Unit has so many bonus features including: wood floors, upgraded bathroom and Kitchen, Lots of shelves and storage area and AC. The Coin Operated Laundry facility is on the second level just down the hallway from unit. This complex is close to everything including : Hilo International Airport, Shopping centers, Government Buildings, parks, beaches, medical facilities including Urgent care , Hilo Hospital and so much more. Another huge Bonus Feature is having Wailoa State Park in the complex's back yard which has the infamous Rainbow Bridges, Pavillions as well as walking and Bike Paths. Lots of ducks and Nene Geese can be spotted swimming and walking in the park as well. Wailoa River which runs through the park goes into the Hilo Bay which is minutes from complex. The Waiakea Villas condominium has two parking lots. One is located off Mililani Street close to Buildings 3 and 4 and the other is off Kekuanaoa Street near the Hawaii County Water supply office. Parking is open no designated parking. ** unit is currently being rented long term for $1,490.00. Waiakea Villas currently allows short term rentals and vacation rentals.

400 Hualani St Unit 4224, HILO

Listing courtesy of eXp Realty.

$365,000
9 Beds ⋅ 3 Baths ⋅ 723448 MLS ⋅ ['Fee Simple'] Tenure
High-Cash-Flow Investment in Downtown Hilo –Now $395,000 Hoku Street,Hilo,HI 96720 This Downtown Hilo property offers strong income and even higher potential through room-by-room rentals. Homes rented by the room typically earn significantly more monthly income, provide more stable cash flow, and generate higher long-term returns. With 9 rentable rooms, 3 bathrooms, and 2 full kitchens (upstairs and downstairs), the property is already producing solid revenue and can be improved further. Income & ROI: • Current gross income: $70,000–$80,000+ per year • At $395,000 — gross ROI of 13.1% at $70K/year or 15% at $80K/year • Opportunity to increase ROI through optimized room-by-room rentals • Additional tax benefits from depreciation and write-offs • Multi-tenant setup reduces vacancy risk and enhances income stability Why Room-by-Room Works Well Here: • Higher total income than whole-house rentals • Strong demand from students, workers, and medical professionals • Ideal for investors seeking high NOI and rent per square foot • Flexible layout suited for shared housing, workforce rentals, or multi-family use Property Details: • 9 total rooms • 3 bathrooms • 2 full kitchens • Flexible layout for shared housing or rentals • Potential to raise rental value with updates Prime Downtown Hilo Location — walking distance to major employers, hospitals, colleges, stores, restaurants, beaches, parks, and public transportation. High rental demand and rare availability in this area.

82-D Hoku St, HILO

Listing courtesy of Nathalie Mullinix Realty Universal, Inc..

$3,500,000
3 Baths ⋅ 721902 MLS ⋅ ['Fee Simple'] Tenure
An exceptional opportunity to acquire fee simple commercial real estate in one of Hilo’s most accessible corridors. Located just off of Kanoelehua Ave between Kamehameha Ave and Kalanianaole, this 1.79-acre property offers an excellent opportunity. High visibility with easy ingress/egress that is well-positioned for future commercial development or redevelopment. Strategically located near the Banyan Drive resort area, Hilo International Airport, Hilo Harbor and Hawaii Island's state and county offices. This property is ideal for investors, owner-users, or developers seeking a flexible commercial asset with strong infrastructure and an irreplaceable location. Property Highlights: Land Area: 1.79 acres (Fee Simple) Zoning: V-.75 (Urban, Resort, Commercial Use) State Land Use: Urban Building Size: Approx. 4,540 SF Utilities: Water: County Department of Water Supply via existing 12-inch main; 3 active water services already on site. Wastewater: Served by County sewer system via 30-inch main along Kalanianaole Street; two stub outs, one currently in use. Site Improvements: Existing commercial structure. Paved parking lot and additional graded parking areas. Cleared and fully graded site with minor landscaping along perimeter. Prime Commercial Property – 92 Kalanianaole Street, Hilo, HI 96720

92 Kalanianaole St, HILO

Listing courtesy of Aloha Sotheby's Intl Realty - Hawai'i.

$190,000
1 Baths ⋅ 718949 MLS ⋅ ['Fee Simple'] Tenure ⋅ Waiakea Villas BLDG.
Come see this well maintained studio unit featuring: * Cool trade winds * Facing North East and Waiakea Pond / Waialoa River State Recreation Area / Hilo Bay * Right below the lanai has pond and courtyard with Koi fish and wild life * Unit is on the ground floor. However the property is situated on a slope. Therefore it is considered a second floor unit with basement unit below. * Just 5 min to Hilo International Airport * Easy Access to: - Target, Walmart, Safeway, Home Depot, Longs Drug (CVS) - Starbucks, natural food supermarket and banks - Governmental Offices - Liliuokalani Park and Garden - Merrie Monarchi Festival Hall, Swimming Pool, Tennis courts, Gym, University of Hawaii and Imiloa Astoronomy Center - Hilo Medical Center and Urgent Care - Current month to month tenant rents for $1,200 monthly

400 Hualani St Unit 8283, HILO

Listing courtesy of COMPASS.

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.