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Acreage For Sale
404 Magellan Avenue
Honolulu, Hawaii 96813
Island of OahuCommunity: PUNCHBOWL-LOWER
$2,300,000
5376.000 acres
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!
- Lot Size: 5376.000 acre
- Lot Dimensions:
- View Types: City
- Property Taxes: $4,413
- MLS #: 202521036
Contact Information:
Listing Agent: Stephanie Rae Band, Compass, 808-825-4277, 808-825-4277
Listing Site, Listing Status: Active
Copyright © 2025 Honolulu Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2025 Honolulu Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6676796
Viewed 32 times.
Updated: Nov 18, 2025

