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1104 Palama Street Honolulu HI 96817

$1,490,000 | Active

Contact us for an estimated $7,450 commission rebate and no obligation showing.

Sell for a $3,500 Flat Fee or 2% With Full Service.

Price dropped on 07-31-2026. Original price was $1,500,000

Listed on 06-26-2026

5 Bedrooms, 2 Full Baths, 0 Half Baths, 4 Parking Spaces

3,296 Square Feet Living * 3,849 Square Feet Land

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Property Last Viewed: 08/07/2026 10:18 PM, Total Views Today: 0, Total Views: 91

Viewed History

Short Cuts



OahuRE.com Notes About This Property

View all new listings in the Kapalama neighborhood since this property was listed.

Listed previously on February 21, 2025 for $1,150,000. View Details

Price Decreased 1 time. View Details

There were 28 homes sold in the last 2 years in the Kapalama neighborhood.


1104 Palama Street

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1104 Palama Street

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1104 Palama Street

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1104 Palama Street

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1104 Palama Street

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1104 Palama Street

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1104 Palama Street

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Property Details

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MLS#: 202612167 * Questions?
Status: Active since 06-26-2026 See History
Price: $1,490,000
Monthly: $ 9,771.28 Update the default down payment and interest rate
  Monthly payment estimate for $ 1,490,000 price, 10% down, 6.69% interest rate, 30 year loan, $ 1,127 taxes, and $ 0 fees. Insurance not included.
Beds: 5   Baths: 2   Half: 0  Parking Spaces: 4
Living Sq Ft: 3,296
Land Sq Ft: 3,849
Land Tenure: FS - Fee Simple
Address: 1104 Palama Street Honolulu HI 96817
Region: Metro - Activity
Neighborhood: Kapalama - Activity * Kapalama Stats
Street: Palama - Activity * Palama Street Stats
Showing: Showing Request with 20% Rebate

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Original: $1,500,000
Change: $-10,000    -0.67%
Parcel#: 1-1-6-001-019-0000
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 43 days in Active or In Escrow Showing
Date: Listed: 06-26-2026
Date: Status Change: 06-26-2026
Recent History: Not on the MLS in the last 10 years
Year Built: 1905 Remodeled: 2025
View: City
Frontage: Other
Monthly Tax: $1,127 Year: 2025
Land: FS - Fee Simple
Condition: Average

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Description:

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.

 
 
Inclusions: None

Amenities: None

Utilities: Cable, Connected, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water Construction: Above Ground, Wood Frame Lot Features: Clear Floor: Vinyl Disclosures: None Land Recorded: Land Court Furnished: None

Possession: At Closing Terms: Cash, Conventional Sale Conditions: None

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Sold Price:
Concession:
Closed:
Sold Ratio:
Days Sold:
Land: $923,800
Building: $167,800  
Assessed Total: $1,091,600  
Assessed Ratio: 136.50%
Pool: None
Location: Corner
Parking: 3 Car+

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District Locator: DOE Locator to Confirm District
Area Total: 3,849
Acres: 0.0884
Topography: Level
Building Style: Multiple Dwellings, Ohana Dwelling
Building:
New Const: No

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Maint. Fee: $0
Assoc. Fee: $0
Other Fee: $0
Includes:
Total Fees: $0
Exemption: 0
Other: 0
Lanai Sq Ft: 0
Garage Sq Ft: 0
Avg Sq Ft Living: $452.06
Avg Sq Ft Land:
Security: Key
Rental Income: $0
Stories: Two CPR: No
Zoning: 05 - R-5 Residential District
Flood Zone: Zone X * Check if this property is in a Flood Zone
Tsunami Zone: Check if this property is in a Tsunami Zone * Tsunami Info * Oahu Tsunami Map
Roofing: Asphalt Shingle
Set-Backs: C and C Roads: County Rd, Paved Rd
Easements: None

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Links:
Google Maps * Supermarkets * Schools * Private Schools * Hospitals * Restaurants * Gyms * Shopping * Attractions * Beaches * Churches * Tax Info including a Plat Map PDF and GIS Parcel Map and Building Sketch
Commuting:
Waikiki * Downtown * Ala Moana * Airport * Kapolei * Hawaii Kai * Kailua Town * Windward Mall * Waikele * North Shore
Barbers Point * Camp Smith * Fort Shafter * Hickam * Lualualei * K-Bay Marine * Pearl Harbor * Schofield * Tripler * Wheeler * VA Mortgage Info
Closing Cost Calculators:
Buyer's Closing Cost Calculator to estimate the buyer's closing cost.
Seller's Closing Cost Calculator to estimate the seller's closing cost.

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Property History from MLS

Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
07-31-2026 202612167 Price Decrease $1,500,000 $1,490,000 $1,490,000 $0 $1,091,600 $923,800 $167,800
06-26-2026 202612167 New Listing $1,500,000 Active $1,490,000 $0 $1,091,600 $923,800 $167,800
06-02-2025 202505402 Cancelled Active Cancelled $1,150,000 $0 $1,017,600 $846,800 $170,800
02-21-2025 202505402 New Listing Active Active $1,150,000 $0 $1,017,600 $846,800 $170,800

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Comparables

Comparable Properties Sorted by Smallest Price Difference First

Listings in Kapalama Neighborhood

View listings near this one sorted by the closest listing on the top: 1 Mile, 2 Miles, 3 Miles, 4 Miles, 5 Miles

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City and County Public Information Links

City and County Logo

Tax Info including a Plat Map PDF and GIS Parcel Map

Department of Planning & Permitting All Permits

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Sex Offender Information

Attorney General Logo

View a map of Sex Offenders for this Zip Code

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Daily Watch List

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Google Maps

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Directions from this property to nearest Grocery Store, Hospital, Gas Station, Beach Park, and Park

View Kapalama Neighborhood Boundary

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Neighborhood Boundaries

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Elementary Schools, Middle Schools, High Schools, Charter Schools, Private Schools, Preschools

School Map

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View Directions on Google Maps to nearest Beach Access

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Beach Access Map

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Google Earth

Neighborhoods Near Kapalama Shown on Google Earth
 
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Example Traffic Map

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Estimated Monthly Mortgage Payment

View OahuRE Mortgage and Interest Savings Calculator

Save $74,619.47 of interest charges by adding an extra payment of $100 per month. View details from the link above.

Rate:
5.94% 6.19% 6.44% 6.69% 6.94% 7.19% 7.44% 7.69% 8.19%
0% Down
$8,876$9,116$9,359$9,605$9,853$10,104$10,357$10,613$11,131
3.5% Down
$8,565$8,797$9,032$9,269$9,508$9,750$9,995$10,241$10,741
10% Down
$7,988$8,205$8,423$8,644$8,868$9,093$9,321$9,552$10,018
20% Down
$7,101$7,293$7,487$7,684$7,882$8,083$8,286$8,490$8,905
30% Down
$6,213$6,381$6,551$6,723$6,897$7,073$7,250$7,429$7,792
40% Down
$5,326$5,470$5,615$5,763$5,912$6,062$6,214$6,368$6,679
50% Down
$4,438$4,558$4,680$4,802$4,927$5,052$5,179$5,306$5,566

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Crime Mapping

Last 7 days of crime (you can then change it to go back further)

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Listing courtesy of Fogarty Realty, Inc.


Active means currently for sale. Active Under Contract means in escrow but still showing and looking for offers. Pending means in escrow and not looking for offers. Hold means the property is temporarily off the market. Cancelled means it is off the market.

Buyer's rebate is 20% of our commission when we represent the buyer.

Based on the information from the Multiple Listing Service of HiCentral MLS, Ltd. Active listings last updated on 08.08.26. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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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 and we offer you are 20% rebate on our commission. 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. The offer of compensation to cooperating participants is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference

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