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$1,500,000

  • For Sale
  • Active
  • Multi-Family
  • Kalihi Area
  • Fee Simple
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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.

Full Property Details for 1104 Palama St

General

  • Price: $1,500,000
  • Taxes: $13,524
  • Status: Active
  • Type: Multi-Family
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202612402
  • Updated: 6/26/2026
  • Added to Site: 15 day(s) ago

Rental Information

  • Complex Features: None

Interior

  • Appliances: Dryer, Washer
  • Furnishings: Unfurnished

Parking

  • Total Spaces: 4
  • Parking Features: Open

Location

  • Area: Metro
  • County: Oahu
  • Subdivision: KAPALAMA

Utilities

  • Sewer: Connected
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Detached/Attached: Detached
  • Construction: Wood Frame
  • Stories/Levels: 2
  • Square Feet: 3,296
  • Year Built: 1905
  • Property Condition: Average Condition

Lot Features

  • Lot Size: 3849
  • Topography: Level
  • Lot Features: Cleared, Corner Lot, Level
  • Zoning: 05 - R-5 Residential District

Financial Considerations

  • Operating Expenses: $56,791.44
  • Assessment Amount: $1,091,600
  • Tax Amount: $13,524
  • Tenant Pays: Electricity

Disclosures and Reports

  • Special Conditions: None
  • Land Tenure: Fee Simple
  • Disclosures/Reports: None
  • Disclosures/Rstr.: None
  • Property ID: 1-1-6-001-019-0000

Listed by Fogarty Realty, Inc.

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Listing agent

— 1104 Palama St —

  • Fogarty Realty, Inc.

(808) 955-5100

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1104 Palama St

School District:Hawaii Department of Education
NameGradesDistance
Princess Miriam K Likelike Elementary School
1618 Palama Street, Honolulu, HI 96817
PK-50.2 mi
Princess Ruth Keelikolani Middle School
1302 Queen Emma Street, Honolulu, HI 96813
6-81 mi
President William Mckinley High School
1039 South King Street, Honolulu, HI 96814
9-122 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1104 Palama St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/26/2026
Listed
$1,500,000
80.72%
MLS
1/22/2016
Sold
$830,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1104 Palama St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,523
—
$1,091,600
—
2025
$13,523
8%
$1,090,600
7%
2023
$12,518
-6%
$1,017,600
1%
2022
$13,308
14%
$1,009,500
-6%
2021
$11,626
—
$1,073,200
14%
2021
$11,626
—
$937,600
—
2021
$11,626
3%
$937,300
3%
2019
$11,331
42%
$913,800
42%
2018
$7,962
8%
$642,100
8%
2017
$7,358
6%
$593,400
6%
2016
$6,915
11%
$557,700
11%
2015
$6,238
12%
$503,100
8%
2013
$5,563
—
$467,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1104 Palama St

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Listed by Fogarty Realty, Inc.

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1104 Palama Street, Honolulu, HI 96817 (MLS# 202612402) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1104 Palama Street is currently listed for $1,500,000 and was received on June 26, 2026. Want to learn more about 1104 Palama Street? Do you have questions about finding other Multi-Family real estate for sale in Kalihi Area? You can browse all Kalihi Area real estate or contact a Coldwell Banker agent to request more information.

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