1104 Palama ST, Honolulu, HI 96817
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1104 Palama ST, Honolulu, HI 96817
1104 Palama ST, Honolulu, HI 96817
1104 Palama ST, Honolulu, HI 96817
1104 Palama ST, Honolulu, HI 96817
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Listed by Fogarty Realty, Inc.
$ 1,500,000
Est. payment /mo
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1104 Palama ST Honolulu, HI 96817

5 Beds

2 Baths

3,296 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,296 sqft

Price per Sqft $455

Subdivision Kapalama

MLS Listing ID 202612167

Style Multi-Family,Multiplex

Bedrooms 5

Full Baths 2

Construction Status Average Condition,Updated/Remodeled

HOA Y/N No

Year Built 1905

Annual Tax Amount $13,524

Property Sub-Type Single Family Residence

Property Description

Mixed-use investment opportunity in Kalihi featuring two buildings and nine residential rooms. The ground floor commercial unit has a CUP in place with roll-up door access and direct street frontage — suitable for retail, grocery, or light industrial use. Building B is currently occupied generating $4,000/month. Building A is actively under renovation. Priced at $1,500,000 with a stabilized cap rate of 7.8–9.0%. The surrounding Kalihi corridor has strong long-term redevelopment fundamentals.

Conditional Use Permit (CUP) — Protected Commercial Use
The commercial unit carries a CUP, securing its legal commercial operating status within the R-5 residential
zone. This rare entitlement protects lender and tenant confidence and is a meaningful differentiator at this price
point.

Location

State HI

County Oahu

Area Metro

Interior

Flooring Vinyl

Inclusions None

Furnishings Unfurnished

Fireplace No

Exterior

Parking Features Three or more Spaces

Pool None

Community Features None

Utilities Available Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Other, Phone Available, Sewer Available, Water Available

Waterfront Description Other

View Y/N Yes

View City

Total Parking Spaces 4

Building

Lot Description Cleared, Corner Lot, Level

Entry Level Two

Water Public

Architectural Style Multi-Family, Multiplex

Level or Stories Two

New Construction No

Construction Status Average Condition,Updated/Remodeled

Others

HOA Fee Include None

Tax ID 1-1-6-001-019-0000

Security Features Key Card Entry

Special Listing Condition None


Hawaii Central MLS (HiCentralMLS)
Patrick Longley

Patrick Longley

Agent

+1(808) 546-0228

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1104 Palama ST