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 21, 2026 8:58 PM 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.
