$2,300,000

404 Magellan Avenue, Honolulu, HI 96813

  • 3,978 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1948
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $578/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

PRIME INVESTMENT OPPORTUNITY - REALIZE IMMEDIATE INCOME UPSIDE OF 5.7-6% 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!

Listing Status:
Active
Date Added:
October 1, 2025 at 05:00AM
Listing Office:
Compass : (808) 825-4277
MLS ID:
202521051
  • Flooring: Other
  • A/C: Other1 Unit
  • Parking: AssignedOn StreetParking spaces: 9
  • General: BlockConcreteWood Frame3
  • Road/Access: Other
  • Originating MLS: HICMLS
  • County: Oahu
  • Zoning: 1-2-1-021-047-0000
  • Utilities: Electricity AvailableNatural Gas AvailableOtherSewer Connected
  • Sewer: Connected
  • Source: HICMLS

This listing courtesy of Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Royal Elementary School

1519 Queen Emma St, Honolulu, HI, 96813

Grades PK-5

0.17 miles away

C

Central Middle School

1302 Queen Emma St, Honolulu, HI, 96813

Grades 6-8

0.32 miles away

M

Myron B. Thompson Academy - New Century Public Charter School

1040A Richards St Rm 220, Honolulu, HI, 96813

Grades KG-12

0.55 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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