1104 Palama Street, Honolulu, HI 96817

Honolulu
Local realty services provided by:Better Homes and Gardens Real Estate Refined
1104 Palama Street,Honolulu, HI 96817
$1,490,000
  • 5 Beds
  • 2 Baths
  • 3,296 sq. ft.
  • Single family
  • Active
Listed by: mike tavepholjalern
Office: fogarty realty, inc.
MLS#:202612167
Source:HI_HBR

Price summary

  • Price:$1,490,000
  • Price per sq. ft.:$452.06

About this home

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.

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Home facts

  • Year built:1905
  • Subdivision & Development:KAPALAMA
  • Listing ID #:202612167
  • Added:49 day(s) ago
  • Updated:August 15, 2026 at 11:52 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Vinyl
  • Living area:3,296 sq. ft.

Structure and exterior

  • Year built:1905
  • Building area:3,296 sq. ft.
  • Lot area:0.09 Acres
  • Lot Features:Cleared, Corner Lot, Level
  • Architectural Style:Multi Family, Multiplex
  • Construction Materials:Wood Frame
  • Levels:2 Story

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,490,000
  • Price per sq. ft.:$452.06
  • Tax amount:$13,524

Features and amenities

  • Amenities:Key Card Entry

Parking

  • Total parking spaces:4
  • Parking description:Three or More Spaces
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on August 15, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. HI_HBR Member Broker: Eric Yamamoto

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