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1104 Palama Street, Honolulu, HI 96817

Honolulu
Local realty services provided by:CENTURY 21 Island Homes
1104 Palama Street,Honolulu, HI 96817
$1,500,000
  • - Beds
  • - Baths
  • 3,296 sq. ft.
  • Multi-family
  • Active
Listed by: mike tavepholjalern
Office: fogarty realty, inc.
MLS#:202612402
Source:HI_HBR

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$455.1

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.

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Home facts

  • Year built:1905
  • Listing ID #:202612402
  • Added:7 day(s) ago
  • Updated:July 04, 2026 at 12:01 PM

Rooms and interior

  • 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
  • Construction Materials:Wood Frame
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Connected

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$455.1
  • Tax amount:$13,524

Features and amenities

  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:4
  • Parking description:Open
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on July 4, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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