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Additional details

Steven Higgins Weimer

stevenhw@oceanregroup.com +1(808) 215-5111

Listed by Compass

$ 2,300,000

Est. payment | -/mo

Save Virtual Tour

$ 2,300,000

Est. payment | -/mo

Save Virtual Tour

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Punchbowl-Lower

MLS Listing ID 202521036

Construction Status Average Condition

HOA Y/N No

Year Built 1948

Annual Tax Amount $4,413

Property Sub-Type Multi Family

Property Description

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!

Location

State HI

County Oahu

Area Metro

Interior

Furnishings Partially

Fireplace No

Appliance Dryer, Washer

Laundry Coin-operated

Exterior

Parking Features Assigned

Community Features None

Utilities Available Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected

Waterfront Description Other

View Y/N Yes

View City, Mountain(s)

Total Parking Spaces 9

Building

Lot Description Other

Dwelling Type Apartment

Entry Level Three Or More

Sewer Connected

Water Public

Level or Stories Three Or More

Construction Status Average Condition

Others

Tax ID 1-2-1-021-047-0000

Special Listing Condition None

Virtual Tour https://www.youtube.com/embed/k3y-dFPSqZo?si=WzIviUoBnByuC8Q-

Steven Higgins Weimer

Agent | License ID: RS-85158

+1(808) 215-5111 | stevenhw@oceanregroup.com

404 Magellan AVE Honolulu, HI 96813

HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Steven Higgins Weimer

Key Details

Location

Interior

Exterior

Building

Others

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404 Magellan AVE