Link Copied
Listed price in listed location currency (USD).
$2,300,000

009

MLS® 202521051

  • Key Facts
  • Description
  • Map

Key Facts

Type Industrial
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $4,413
Days Active 142
Approx. Age 1948
MLS® Number 202521051

Property Address: 404 Magellan Ave, Honolulu, HI, 96813-1841

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

Description

PRIME INVESTMENT OPPORTUNITY - REALIZE IMMEDIATE INCOME UPSIDE OF 5.7-6% CAP RATE W/ ONLY A FEW MINOR CHANGES!! - In the heart of Honolulu this 9-unit property at 404 Magellan Ave offers a strong foundation with 9 separate electric meters, 9 separate gas meters, and individual gas water heaters for each unit—a rare setup that maximizes tenant independence and reduces ownership expenses. The building is currently generating income with solid rental history, and offers excellent upside potential: simply increase rents to market value or enhance returns with light remodeling or upgrades. This property provides flexibility and long-term growth opportunities in a highly desirable location close to schools, shops, and major transit routes. A must-see for investors looking for cash flow today and room to grow tomorrow!
MLS® Number202521051
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1948
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 1, 2025List Date
$2,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
404 Magellan Ave, Honolulu, HI

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties