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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1905
  • Subdivision & Development:KAPALAMA
  • Listing ID #:202612167
  • Added:101 day(s) ago
  • Updated:October 06, 2026 at 12:12 PM

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 October 6, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. HI_HBR Member Broker: Eric Yamamoto

New listings near 1104 Palama Street