507 Hiram Lane, Honolulu, HI 96817 - Photo 1

1/1

$1,450,000

Sold
Closed
Multi-Family

1/1

Property Description

TAKE A CLOSER LOOK - RARE FIND IN LILIHA! Tucked away on Hiram Lane just off Liliha Street, this unique B-2 zoned property offers a tremendous investment opportunity with two TMKs sold together (TMK: 1-1-7-033-046 & 1-1-7-033-047). This multi-unit property features two buildings: Building 1: Four 2-bedroom, 1-bath units. Building 2: Three 2-bedroom, 1-bath units + One 1-bedroom, 1-bath unit. With B-2 zoning and City & County Ordinance 25-2 allowing multi-unit dwellings in B-1 and B-2 zones with commercial space, the potential here is undeniable. While the buildings are in need of updating, this is a perfect opportunity for a visionary developer or investor to transform a diamond in the rough. Let's talk details-call today to schedule a private showing!

Full Property Details

Full Property Details for 507 Hiram Ln

General

Sold For: $1,450,000
Taxes: $15,855 (2024)
Status: Closed
Type: Multi-Family
Source: Honolulu_Board_Of_Realtors
MLS ID: 202514318
Added to Site: 213 day(s) ago

Rental Information

Complex Features: None

Interior

Furnishings: Partially

Rooms

Other Rooms

Laundry: Coin-operated

Parking

Total Spaces: 4
Parking Features: Open

Location

Area: Metro
County: Oahu
Subdivision: LILIHA

Utilities

Sewer: Connected
Water: Public
Cable Available: Yes
Utility Description: Above Ground Utilities, Cable Available, Electricity Available, Phone Available, Water Available, Sewer Connected

Structural Information

Structure Type: Multi Family
Detached/Attached: Detached
Construction: Single Wall, Wood Frame
Roof: Other
Stories/Levels: 2
Square Feet: 3,660
Year Built: 1923
Property Condition: Average Condition

Lot Features

Lot Size: 6014
Topography: Level
Lot Features: Cleared, Cul-De-Sac, Interior Lot, Level
Zoning: 32 - B-2 Community Business Dis

Financial Considerations

Operating Expenses: $1
Assessment Amount: $1,276,900
Tax Amount: $15,855.84
Tax Year: 2024
Terms: Cash, Conventional, 1031 Exchange
Tenant Pays: Cable TV, Electricity

Disclosures and Reports

Special Conditions: None
Documents Avail.: Lease
Disclosures/Reports: Seller Disclosure
Disclosures/Rstr.: Seller Disclosure
Property ID: 1-1-7-033-047-0000

Listed by Engel & Volkers Honolulu
Sold by Five Star Realty, Inc.

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Listing agents

— 507 Hiram Ln —

Engel & Volkers Honolulu
Engel & Volkers Honolulu

(808) 550-0818

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NMLS#: 1598647

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Schools

Schools serving 507 Hiram Ln

School District:Hawaii Department of Education

Name	Grades	Distance
Princess Miriam K Likelike Elementary School 1618 Palama Street, Honolulu, HI 96817	PK-5	0.3 mi
Princess Ruth Keelikolani Middle School 1302 Queen Emma Street, Honolulu, HI 96813	6-8	0.7 mi
President William Mckinley High School 1039 South King Street, Honolulu, HI 96814	9-12	1.8 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 507 Hiram Ln

Date

Details

Price

Change

Source

9/08/2025

Sold

$1,450,000

16%

MLS

6/18/2025

Listed

$1,250,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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507 Hiram Ln, Honolulu, HI 96817 - Photo 1

Sold

$1,450,000