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$2,680,000

  • For Sale
  • Active
  • Apartment
  • 3,509 Sq. Ft.
  • Fee Simple
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An exceptional investment opportunity to acquire a well-maintained 5-unit multifamily property in the desirable Punchbowl neighborhood of Honolulu. The property features a diverse unit mix consisting of one studio, one 1-bedroom/1-bathroom, one 2-bedroom/1-bathroom, one 3-bedroom/2bathroom, and one 4-bedroom/2-bathroom unit, along with five covered garage parking stalls. Designed for operational efficiency, all units except the Studio & 1bd/1ba units are separately metered for electricity, making the property easy to self-manage while helping minimize operating expenses. The asset generates strong in-place cash flow with an annual Net Operating Income (NOI) of approximately $110,243. Ideally located just minutes from Downtown Honolulu, Queen's Medical Center, Kaka'ako, Ala Moana, the University of Hawai'i at Manoa, Roosevelt High School, and Punahou School, the property offers convenient access to major employment centers, shopping, dining, healthcare, and education. This is a rare opportunity for investors seeking a stable, income-producing asset in one of Honolulu's most centrally located neighborhoods.

Full Property Details for 1559 Magazine St

General

  • Price: $2,680,000
  • Taxes: $5,628
  • Status: Active
  • Type: Apartment
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202615380
  • Updated: 8/10/2026
  • Added to Site: 17 day(s) ago

Interior

  • Appliances: Dryer, Washer

Parking

  • Total Spaces: 5
  • Parking Features: Assigned, Covered

Location

  • Area: Metro
  • County: Oahu
  • Subdivision: PUNCHBOWL AREA

School Information

  • Elementary School: Lincoln
  • Middle School: Stevenson
  • High School: Roosevelt

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air

Utilities

  • Sewer: Connected
  • Cable Available: Yes
  • Utility Description: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected

Structural Information

  • Structure Type: Apartment
  • Detached/Attached: Detached
  • Construction: Double Wall
  • Square Feet: 3,509
  • Year Built: 1950
  • Property Condition: Excellent

Lot Features

  • Property View: Other
  • Lot Size: 4964
  • Topography: Terraced
  • Lot Features: Cleared
  • Zoning: 12 - A-2 Medium Density Apartme

Financial Considerations

  • Operating Expenses: $25,837
  • Assessment Amount: $1,607,500
  • Tax Amount: $5,628
  • Tenant Pays: Cable TV, Electricity, Other

Disclosures and Reports

  • Special Conditions: None
  • Land Tenure: Fee Simple
  • Disclosures/Reports: 1031 Exchange
  • Disclosures/Rstr.: 1031 Exchange
  • Property ID: 1-2-4-016-056-0000

Listed by Excel Commercial Realty LLC

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Listing agent

— 1559 Magazine St —

  • Excel Commercial Realty LLC

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 1559 Magazine St

School District:Hawaii Department of Education
NameGradesDistance
President Abraham Lincoln Elementary School
615 Auwaiolimu Street, Honolulu, HI 96813
PK-50.4 mi
Robert Louis Stevenson Middle School
1202 Prospect Street, Honolulu, HI 96822
6-80.3 mi
President Theodore Roosevelt High School
1120 Nehoa Street, Honolulu, HI 96822
9-120.5 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 1559 Magazine St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/10/2026
Listed
$2,680,000
52.27%
MLS
1/19/2016
Sold
$1,760,000
—
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 1559 Magazine St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,684
—
$1,607,500
-1%
2025
$5,684
2%
$1,624,100
—
2023
$5,596
2%
$1,620,100
1%
2022
$5,488
—
$1,599,000
2%
2021
$5,471
—
$1,568,100
—
2021
$5,471
—
$1,563,100
-2%
2021
$5,471
-5%
$1,598,700
-3%
2019
$5,780
10%
$1,651,300
10%
2018
$5,236
—
$1,496,000
—
2017
$5,229
14%
$1,493,900
14%
2016
$4,569
15%
$1,305,500
15%
2015
$3,959
45%
$1,131,200
41%
2013
$2,734
—
$802,300
—
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.

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Listed by Excel Commercial Realty LLC

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1559 Magazine Street, Honolulu, HI 96822 (MLS# 202615380) is a Apartment property with 0 bedrooms and 0 full bathrooms. 1559 Magazine Street is currently listed for $2,680,000 and was received on August 10, 2026. Want to learn more about 1559 Magazine Street? Do you have questions about finding other Apartment real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.

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