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Listed price in listed location currency (USD).
$2,850,000

009
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size -
Garage No
Taxes $4,413
Days Active 24
Lot Size 
Approx. Age 1948
MLS® Number 202521036

Property Address: 404 Magellan Ave, Honolulu, HI, 96813-1841

Average square foot calculated using Size range provided by listing agent.

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!
MLS® Number202521036
Laundry LevelCoin Operated
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1948
Basement
DrivewayAssigned
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 2, 2025List Date
$2,850,000List Price
  • Commute

Commute

Starting Address
Destination Address
404 Magellan Ave, Honolulu, HI

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