PRIME INVESTMENT OPPORTUNITY - REALIZE IMMEDIATE INCOME UPSIDE

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Acreage For Sale

404 Magellan Avenue

Honolulu, Hawaii 96813

Island of Oahu

Community: PUNCHBOWL-LOWER

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$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
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Contact Information:
Beach Acreage For Sale in Honolulu, Hawaii
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.
Ad Number: 6676796
Viewed 32 times.
Updated: Nov 18, 2025

This property is a Acreage located at 404 Magellan Avenue, Honolulu, Hawaii 96813, and is currently For Sale at $2,300,000.