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$2,300,000

  • For Sale
  • Active
  • Apartment
  • 3,978 Sq. Ft.
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404 Magellan Avenue, Honolulu, HIVideo Tour of 404 Magellan Avenue, Honolulu, HI.
PRIME INVESTMENT OPPORTUNITY - REALIZE IMMEDIATE INCOME UPSIDE OF 7% + 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!

Full Property Details for 404 Magellan Ave

General

  • Price: $2,300,000
  • Taxes: $4,413
  • Status: Active
  • Type: Apartment
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202521036
  • Updated: 11/18/2025
  • Added to Site: 109 day(s) ago

Rental Information

  • Complex Features: None

Interior

  • Appliances: Dryer, Washer
  • Furnishings: Partially

Rooms

Other Rooms

  • Laundry: Coin-operated

Parking

  • Total Spaces: 9
  • Parking Features: Assigned

Location

  • Area: Metro
  • County: Oahu
  • Subdivision: PUNCHBOWL-LOWER

Utilities

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

Structural Information

  • Structure Type: Apartment
  • Detached/Attached: Detached
  • Construction: Hollow Tile, Other, Single Wall, Wood Frame
  • Square Feet: 3,978
  • Year Built: 1948
  • Property Condition: Average Condition

Lot Features

  • Property View: City, Mountain(s)
  • Mountain views: Yes
  • Lot Size: 5376
  • Topography: Sloping
  • Lot Features: Other
  • Zoning: 12 - A-2 Medium Density Apartme

Financial Considerations

  • Operating Expenses: $22,313
  • Assessment Amount: $1,260,900
  • Tax Amount: $4,413.12
  • Tenant Pays: Cable TV, Electricity, Gas, Other

Disclosures and Reports

  • Special Conditions: None
  • Disclosures/Reports: Pet on Property, Seller Disclosure
  • Disclosures/Rstr.: Pet on Property, Seller Disclosure
  • Property ID: 1-2-1-021-047-0000

Listed by Compass

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Listing agent

— 404 Magellan Ave —

  • Compass

(808) 825-4277

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 404 Magellan Ave

School District:Hawaii Department of Education
NameGradesDistance
Royal Elementary School
1519 Queen Emma Street, Honolulu, HI 96813
PK-50.2 mi
Princess Ruth Keelikolani Middle School
1302 Queen Emma Street, Honolulu, HI 96813
6-80.3 mi
President Theodore Roosevelt High School
1120 Nehoa Street, Honolulu, HI 96822
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 404 Magellan Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/18/2025
Price Reduced
$2,300,000
-19.3%
MLS
10/01/2025
Listed
$2,850,000
—
MLS
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 404 Magellan Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,394
—
$1,260,900
—
2023
$4,394
9%
$1,255,500
—
2022
$4,013
—
$1,255,300
9%
2022
$4,013
-7%
$1,146,600
-7%
2021
$4,297
—
$1,227,800
-2%
2021
$4,297
17%
$1,247,400
19%
2018
$3,661
6%
$1,046,000
6%
2017
$3,465
6%
$990,100
6%
2016
$3,274
-1%
$935,300
-1%
2015
$3,299
-16%
$942,500
-16%
2019
$3,922
33%
$1,120,700
19%
2013
$2,958
—
$943,200
—
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 Compass

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404 Magellan Avenue, Honolulu, HI 96813 (MLS# 202521036) is a Apartment property with 0 bedrooms and 0 full bathrooms. 404 Magellan Avenue is currently listed for $2,300,000 and was received on October 01, 2025. Want to learn more about 404 Magellan Avenue? 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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