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$1,349,000
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Property Description
Welcome to 272 Lama Street, together with the additional dwelling known as 460 Awa Street-a rare corner property near Nani Mau Gardens offering 2.72 acres of usable land with room for gardening, farming, recreation, expansion or multi-generational living. The property features two existing homes with three assigned street addresses, offering flexibility for extended family living, rental income potential, guest accommodations or home-based business use. Numerous improvements were completed following a recent pre-listing inspection. Both dwellings received interior and exterior paint along with additional repairs and updates. Improvements include roof repainting, termite damage repairs, updated fixtures, GFCI outlets, screens and railings. The secondary dwelling also features new vinyl flooring and patio improvements. A pre-listing inspection was completed, with numerous items addressed in preparation for sale, creating a refreshed, move-in-ready opportunity. Located in desirable Panaewa, minutes from Hilo town, shopping, schools and parks, this unique property offers privacy, flexibility and open space increasingly difficult to find so close to town.
Full Property Details
Full Property Details for 272 Lama St
General
- Price: $1,349,000
- Taxes: $3,996
- Status: Active
- Type: Multi-Family
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202617162
- Updated: 10/5/2026
- Added to Site: 34 day(s) ago
Interior
- Furnishings: Unfurnished
- Flooring: Carpet, Hardwood, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 9
Exterior
- Exterior Features: Landscaping
Parking
- Total Spaces: 4
- Parking Features: Three or more Spaces
Location
- Area: S. Hilo
- County: Hawaii
- Subdivision: PANAEWA HSE LOTS
Utilities
- Sewer: Cesspool
Structural Information
- Architectural Style: Multi-Family, Multiplex
- Detached/Attached: Detached
- Construction: Hollow Tile, Wood Frame
- Stories/Levels: 2
- Square Feet: 6,227
- Living Area: 5,208 Sq. Ft.
- Year Built: 1963
- Property Condition: Good Condition, Updated/Remodeled
Lot Features
- Property View: Sunset, Sunrise
- Lot Size: 118483
- Frontage: County Road
- Topography: Level, Sloping
- Lot Features: Cleared, Corner Lot, Level
- Zoning: 50 - Agricultural
Financial Considerations
- Assessment Amount: $893,200
- Tax Amount: $3,996.24
Disclosures and Reports
- Special Conditions: None
- Land Tenure: Fee Simple
- Inclusions: Blinds, Disposal, Drapes, Range Hood, Range/Oven, Washer, Water Heater
- Disclosures/Reports: Seller Disclosure
- Disclosures/Rstr.: Seller Disclosure
- Property ID: 3-2-2-052-001-0000
Listed by Hara Chun Realty LLC
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Schools
Schools serving 272 Lama St
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
Waiakeawaena Elementary School 2420 Kilauea Avenue, Hilo, HI 96720 | PK-5 | 1.4 mi |
Waiakea Intermediate School 200 West Puainako Street, Hilo, HI 96720 | 6-8 | 2.3 mi |
Waiakea High School 155 West Kawili Street, Hilo, HI 96720 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 272 Lama St
Date
Details
Price
Change
Source
9/08/2026
Listed
$1,349,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 272 Lama St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,976
—
$920,000
3%
2025
$3,976
2%
$893,200
3%
2023
$3,886
—
$867,200
3%
2023
$3,886
-1%
$841,900
3%
2022
$3,920
4%
$817,400
3%
2021
$3,774
4%
$793,600
3%
2020
$3,632
8%
$770,500
6%
2018
$3,360
-4%
$726,300
-3%
2019
$3,494
6%
$748,100
5%
2017
$3,282
28%
$713,600
19%
2016
$2,571
4%
$598,000
6%
2015
$2,464
9%
$563,700
3%
2013
$2,259
—
$547,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 272 Lama St
272 Lama Street, Hilo, HI 96720 (MLS# 202617162) is a Multi-Family property with units containing 9 bedrooms and 5 full bathrooms. 272 Lama Street is currently listed for $1,349,000 and was received on September 08, 2026. Want to learn more about 272 Lama Street? Do you have questions about finding other Multi-Family real estate for sale in Hilo? You can browse all Hilo real estate or contact a Coldwell Banker agent to request more information.
