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$1,490,000

For Sale

2 months ago

1104 Palama St, Honolulu, HI

House

MLS® 202612167

5 Bed

2 Bath

3296 sqft

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 3296 sqft
Garage 
Taxes $13,524
Days Active 57
Lot Size 3849
Approx. Age 1905
Avg. Price Per Sqft $452
MLS® Number 202612167

Property Address: 1104 Palama St, Honolulu, HI, 96817-3448

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number202612167
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1905
Basement
DrivewayThree Or More Spaces
Garage Spaces
Heat
A/C

Extras

None

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 26, 2026List Date
$1,490,000List Price

Home Appraisal

This property is estimated to sell between: $950,000 and $1,760,000.
Similar properties in this area sold on average for: $950,000
Expected to sell in 30 days. Similar properties sold in 87 days. This home has been on eXp Realty for 57 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
1104 Palama St, Honolulu, HI

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