$1,490,000$1,500,000 price reduced
1104 Palama Street
KAPALAMA · Honolulu · 96817 · MLS 202612402
- —beds
- 0baths
- 3,296living sqft
- Multi-familytype
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.
Building & interior
- Style
- Multi Family
- Condition
- Average Condition
- Total area
- 3,296 sqft
- Lot size
- 3,849 sqft
- Year built
- 1905
- Renovated
- 2025
- Stories
- Two
- Parking
- 4 stalls · Open
- Furnished
- Unfurnished
Construction & features
- Construction
- Wood Frame
- Roofing
- Asphalt · Shingle
- Topography
- Level
- Lot features
- Cleared · Corner Lot · Level
- Utilities
- Cable Available · High Speed Internet Available · Sewer Available · Water Available · Sewer Connected
- Water
- Public
Tax & assessment
- Annual property tax
- $13,524/yr
- Tax year
- 2025
- Assessed — total
- $1,091,600
- Assessed — land
- $923,800
- Assessed — improvements
- $167,800
- TMK
- 1-1-6-001-019-0000
- Zoning
- 05 - R-5 Residential District
- Land tenure
- Fee simple
- Financing accepted
- Cash · Conventional
Price history
- Original list
- $1,500,000
- Previous
- $1,500,000
- Current
- $1,490,000
Listed by Fogarty Realty, Inc.
Information is from the Honolulu MLS and sources deemed reliable but is not guaranteed. Square footage, lot size, taxes, permits, and land tenure should be independently verified. Not a solicitation of property already listed.
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