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404 Magellan Avenue, Honolulu, HI 96813

Honolulu
Local realty services provided by:CENTURY 21 Island Homes
404 Magellan Avenue,Honolulu, HI 96813
$2,300,000
  • - Beds
  • - Baths
  • 3,978 sq. ft.
  • Multi-family
  • Active
Listed by: stephanie rae band(808) 825-4277
Office: compass
MLS#:202521036
Source:HI_HBR

Price summary

  • Price:$2,300,000
  • Price per sq. ft.:$578.18

About this home

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!

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Home facts

  • Year built:1948
  • Listing ID #:202521036
  • Added:161 day(s) ago
  • Updated:February 10, 2026 at 12:56 PM

Rooms and interior

  • Living area:3,978 sq. ft.

Structure and exterior

  • Year built:1948
  • Building area:3,978 sq. ft.
  • Lot area:0.12 Acres
  • Construction Materials:Hollow Tile, Single Wall, Wood Frame
  • Levels:Three or More

Utilities

  • Water:Public
  • Sewer:Connected

Finances and disclosures

  • Price:$2,300,000
  • Price per sq. ft.:$578.18
  • Tax amount:$4,413

Features and amenities

  • Laundry features:Coin Operated, Dryer, Washer

Parking

  • Total parking spaces:9
  • Parking description:Assigned
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on February 10, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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