Quadplex with Street-Front Retail
For Sale
$1,490,000
1104 Palama Street, Honolulu, HI 96817
MULTI_FAMILY - Honolulu, HI
Property SizeContact for details
Days on Market47
Property Features for 1104 Palama Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
05 - R-5 Residential District
Parking
4
Parking features
Open
Appliances
Dryer, Washer
Subdivision
KAPALAMA
Lot features
Cleared, Corner Lot, Level
Standard status
Active
APN
1-1-6-001-019-0000
Taxes and HOA fees
Tax Annual Amount
13524
Utilities
Utilities
Cable Available
Water source
Public
Building Details
Year built
1905
Floors in Building
2
Number of units
4
Building materials
Wood Frame
Listing Agency:
Fogarty Realty, Inc.
(808) 955-5100
Listed By:
Mike Tavepholjalern · License #RS-28810
(808) 388-5411
Added: Jun 26
Changed: Aug 1
Last Checked: Aug 11 at 9:06PM
MLS# 202612402
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-building quadplex investment offers mixed-use income potential with nine residential rooms plus a ground-floor commercial unit. The commercial space has a Conditional Use Permit (CUP) for a protected commercial use, with roll-up door access and direct street frontage. The CUP is secured for legal commercial operation within the R-5 residential zone.
Building B is currently occupied, while Building A is actively under renovation. The property is constructed with wood frame materials and was built in 1905, with open parking. Cable is available and the water source is public.
The offering is presented as a stabilized investment with a stated cap rate range of 7.8–9.0%.
Building B is currently occupied, while Building A is actively under renovation. The property is constructed with wood frame materials and was built in 1905, with open parking. Cable is available and the water source is public.
The offering is presented as a stabilized investment with a stated cap rate range of 7.8–9.0%.
Key Highlights
- Two‑building quadplex with nine residential rooms plus a ground‑floor commercial unit
- CUP‑protected commercial use in the R‑5 residential zone
- Ground‑floor commercial unit with roll‑up door access and direct street frontage
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Demographics for 96817, HI
56,823
Population
21,489
Households
2.6
Avg Household Size
46
Median Age
30%
College-Educated
84%
High-School Grad
9.3 sq mi
ZIP Area
6,110
Density / Sq Mi
$74,690
Median Household Income
$42,492
Median Earnings
$1,419
Median Rent
$930,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-building quadplex with a CUP-protected ground-floor commercial unit, roll-up door access, and direct street frontage in an R-5 zone.
Where is this quadplex located?
The property is located at 1104 Palama Street Honolulu, HI.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Two‑building quadplex with nine residential rooms plus a ground‑floor commercial unit; CUP‑protected commercial use in the R‑5 residential zone; Ground‑floor commercial unit with roll‑up door access and direct street frontage
