1104 Palama St - Apartments FOR SALE


Honolulu, HI 96817- Kalihi-Palama
$1,500,000 USD
808-499-4801
1104 Palama St, Honolulu, HI for Sale
$1,500,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1104 Palama St
Honolulu, HI 96817
Kalihi-Palama


HIGHLIGHTS

  • Rare CUP
  • Two buildings, three income streams
  • Corner lot, Kalihi upside

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$736 USD /SF

# OF UNITS

3

PRICE/UNIT

$500,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R-5

APN/PARCEL ID

1-1-6-001-019-0000

ASK ABOUT THIS PROPERTY

Ryland HartHawaii Commercial Real EstateMore Info
808-499-4801

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Ryland HartHawaii Commercial Real EstateMore Info
808-499-4801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.