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1559 Magazine Street, Honolulu, HI 96822

Honolulu
Local realty services provided by:CENTURY 21 Island Homes
1559 Magazine Street,Honolulu, HI 96822
$2,680,000
  • - Beds
  • - Baths
  • 3,509 sq. ft.
  • Multi-family
  • Active
Listed by: kynan pang
Office: excel commercial realty llc.
MLS#:202615380
Source:HI_HBR

Price summary

  • Price:$2,680,000
  • Price per sq. ft.:$763.75

About this home

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...

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Home facts

  • Year built:1950
  • Subdivision & Development:PUNCHBOWL AREA
  • Listing ID #:202615380
  • Added:9 day(s) ago
  • Updated:August 20, 2026 at 12:10 PM

Rooms and interior

  • Living area:3,509 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Central air:Yes

Structure and exterior

  • Year built:1950
  • Building area:3,509 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Cleared
  • Construction Materials:Double Wall
  • Levels:Three or More

Schools

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

Utilities

  • Sewer:Connected

Finances and disclosures

  • Price:$2,680,000
  • Price per sq. ft.:$763.75
  • Tax amount:$5,628

Features and amenities

  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:5
  • Parking description:Assigned, Covered
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on August 20, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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