Rare income-producing property near Downtown Hilo. This duplex combines classic charm with modern convenience, offering two updated and spacious 2-bedroom, 1-bath units. It presents versatile options for owner occupants looking to offset housing costs or for investors seeking a popular rental property.<br><br>Upstairs Unit:<br>The upstairs unit showcases plantation-era charm, featuring an elevated front lanai, perfect for relaxing, morning or evening, while enjoying the mature tropical landscaping in the front yard. Inside, the open-concept kitchen and living area have been upgraded with new fixtures, granite countertops, and engineered hardwood floors. The kitchen includes a gas range, ample counter space, and a stacked washer-dryer conveniently located in the pantry. High 9-foot ceilings and double-hung windows create a spacious, airy atmosphere. The two bedrooms are well-sized and share a full bathroom located in the hallway. Additionally, R-30 insulation in the attic ensures a comfortable temperature year-round.<br><br>Downstairs Unit:<br>A walking path leads to the lower-level unit. A newly enclosed screened lanai extends the living space outdoors, offering shelter from the elements. This unit has been recently updated with vinyl flooring, drywall, LED lighting, and modern fixtures, making it a desirable rental. Additional storage is available in the hall closet, and the unit includes its own laundry area. The full bathroom is bright and refreshed, featuring custom tile work. Below the downstairs unit is a full-height basement.<br><br>The private backyard is surrounded by lush tropical foliage, a grassy play area, and features mature citrus trees. Conveniently located on Lehua Street, just over the Wailuku River in lava zone 8, the property is within walking distance of Downtown Hilo’s attractions, including restaurants, the Farmers Market, the Library, Kapalaoa Landing Beach Park, and Hilo Bayfront recreation area.<br>Pre-listing home inspection available.