1104 Palama Street, Honolulu, HI 96817
- 5 beds |
- 2 baths |
- 3,296 sqft
Single-Family Home 
Built in 1905 
3,849acre lot
—— car garage 
$455/sqft 
Listed 9 days ago
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.
- Listing Status:
- Active
- Date Added:
- June 26, 2026
- Data Last Updated:
- July 5, 2026 at 7:20AM
- Listing Office:
- Fogarty Realty, Inc. : (808) 955-5100
- MLS ID:
- 202612167
- Style: Multi-FamilyMultiplex
- Pool: None
- Parking: Three or more SpacesParking spaces: 4
- General: Wood Frame2
- Road/Access: County RoadOther
- HOA Amenities: None
- Originating MLS: HICMLS
- County: Oahu
- Topography: Level
- Zoning: 1-1-6-001-019-0000
- View: CityView
- Utilities: Above Ground UtilitiesCable AvailableElectricity AvailableNatural Gas AvailableHigh Speed Internet AvailableOtherPhone AvailableSewer AvailableWater Available
- Water: Public
- Source: HICMLS
This listing courtesy of Fogarty Realty, Inc.
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
