1104 Palama Street, Honolulu, HI 96817 (MLS # 202612167)
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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.
| DAYS ON MARKET | 3 | LAST UPDATED | 6/26/2026 |
|---|---|---|---|
| TRACT | KAPALAMA | YEAR BUILT | 1905 |
| COMMUNITY | Metro | COUNTY | Oahu |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AREA | Metro |
|---|---|
| LOT | 3849 acre(s) |
| LOT DESCRIPTION | Cleared, Corner Lot, Level |
| LOT DIMENSIONS | 3849 |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| STYLE | MultiFamily, Multiplex |
| SUBDIVISION | KAPALAMA |
| TAXES | 13524 |
| UTILITIES | Cable Available, Electricity Available, Natural Gas Available, Other, Phone Available, Sewer Available, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
| WATERFRONT DESCRIPTION | Other |
| ZONING | 05 - R-5 Residential District |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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Listed with Fogarty Realty, Inc.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 6/28/26 7:39 PM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
active listings last updated on 6/28/26 7:39 PM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
This IDX solution is (c) Diverse Solutions 2026.