Address
1104 Palama Street, Honolulu, HI
Price
$ 1,490,000
Property Attributes
- MLS#202612167
- TypeSingle Family
- Listing Status Active
- CountyHONOLULU
- CityHonolulu
- AreaMetro
- NeighborhoodKAPALAMA
- Zip96817
- Style
- Year Built1905
- Taxes$ 13524
- Price$ 1,490,000
- Bedrooms5
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage3296
Data Source:
HiCentral MLS (HICMLS)
Property Description
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.
| Price History | |
|---|---|
| 6/26/2026 | Listed $1,500,000 |
| 8/1/2026 | 1$1,490,000 |
General Features
| Utilities | Above Ground Utilities,Cable Available,Electricity Available,Natural Gas Available,High Speed Internet Available,Other,Phone Available,Sewer Available,Water Available |
|---|---|
| Architectural Style | Multi-Family,Multiplex |
| Security Features | Key Card Entry |
| View | City |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Community Features | None |
| County | Oahu |
| New Construction | false |
| Property Type | Residential |
| Subdivision Name | KAPALAMA |
| Full Baths | 2 |
| Status | Active |
| ModificationTimestamp | 2026-08-01T04:03:05.170-00:00 |
| City | Honolulu |
| MLS Area | Metro |
| Property Condition | Average Condition,Updated/Remodeled |
| Standard Status | Active |
| Tax Assessed Value | 1091600 |
| PostalCity | Honolulu |
| AttributionContact | (808) 955-5100 |
| Pool Features | None |
| Year Built | 1905 |
| Year Built Effective | 2025 |
| Disclosures | None |
| Zoning Description | 05 - R-5 Residential District |
| Construction Materials | Wood Frame |
| Land Tenure | FeeSimple |
| Island | Oahu |
| Tax Annual Amount | 13524 |
| Topography | Level |
| Association Fee Includes | None |
Interior Features
| Flooring | Vinyl |
|---|---|
| Furnished Y/N | Unfurnished |
| Total Bedrooms | 5 |
| Total Baths | 2 |
Exterior Features
| Parking Features | Three or more Spaces |
|---|---|
| Lot Features | Cleared,Corner Lot,Level |
| Total Parking | 4 |
| Lot Size Area | 3849 |
| Building Area Total | 3296 |
| Frontage Type | Other |
| Water Source | Public |
| Inclusions | None |
| Road Frontage Type | County Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 96817
Price
Taxes
Year Built
© 2011 HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 22, 2026 11:56 AM UTC Some of the active listings appearing on this site may be listed by other REALTORS®. We are only showing FEE SIMPLE, ACTIVE listings on this website.
