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!
Property Details
Price:
$2,850,000
MLS #:
202521051
Status:
Active
Beds:
0
Baths:
0
Address:
404 Magellan Avenue
Type:
Commercial
Subtype:
Industrial
Subdivision:
PUNCHBOWL-LOWER
Neighborhood:
metro
City:
Honolulu
Listed Date:
Oct 1, 2025
State:
HI
Total Sq Ft:
3,978
ZIP:
96813
Lot Size:
234,178,560 sqft / 0.12 acres (approx)
Year Built:
1948
Schools
Interior
Cooling
Other, One Unit
Flooring
Other
Exterior
Community Features
None
Construction Materials
Block, Concrete, Wood Frame
Parking Features
Assigned, On Street
Parking Spots
9
Financial
Taxes
$4,413
Map
Contact Us
Mortgage Calculator
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404 Magellan Avenue
Honolulu, HI
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