| Description | TAKE A CLOSER LOOK — RARE FIND IN LILIHA! Tucked away on Hiram Lane just off Liliha Street, this unique B-2 zoned property offers a tremendous investment opportunity with two TMKs sold together (TMK: 1-1-7-033-046 & 1-1-7-033-047). This multi-unit property features two buildings: Building 1: Four 2-bedroom, 1-bath units. Building 2: Three 2-bedroom, 1-bath units + One 1-bedroom, 1-bath unit. With B-2 zoning and City & County Ordinance 25-2 allowing multi-unit dwellings in B-1 and B-2 zones with commercial space, the potential here is undeniable. While the buildings are in need of updating, this is a perfect opportunity for a visionary developer or investor to transform a diamond in the rough. Let’s talk details—call today to schedule a private showing! |
|---|---|
| Status | Sold since 06-18-2025 |
| MLS# | 202514318 |
| Price | $1,250,000 |
| Original Price | $1,250,000 |
| Price Change | (0.00%) |
| Studio Units | 0 |
| One Bed Units | 1 |
| Two Bed Units | 7 |
| Three Bed Units | 0 |
| Living Sq Ft | 3,660 |
| Land Sq Ft | 6,014 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 507 Hiram Lane Honolulu HI 96817 |
| Region | Metro |
| Neighborhood | Liliha |
| Days on Market | 12 |
| Year Built | 1923 |
| Condition | Average |
| View | None |
| Parking | Open |
| Zoning | 32 - B-2 Community Business Dis |
| Flood Zone | Zone X |
| Tax Amount | $1,321 |
| Assessed Land | $1,163,700 |
| Assessed Building | $113,200 |
| Assessed Total | $1,276,900 |
| Assessed Ratio | 98% |
| Utilities | Cable, Overhead Electricity, Public Water, Telephone |
| Construction | Single Wall, Wood Frame |
| Lot Features | Clear |
| Disclosures | Property Disclosure Stmt |
| Land Recorded | Dual Systems |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Other |
| Easements | None |
| Parcel # | 1-1-7-033-047-0000 |
| Listing courtesy of | Engel & Volkers Honolulu |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 09-09-2025 | 202514318 | Sold | C | S | $1,250,000 | $1,450,000 | $1,276,900 | $1,163,700 | $113,200 |
| 06-30-2025 | 202514318 | Active Under Contract | A | C | $1,250,000 | $1,450,000 | $1,276,900 | $1,163,700 | $113,200 |
| 06-18-2025 | 202514318 | New Listing | A | $1,250,000 | $1,450,000 | $1,276,900 | $1,163,700 | $113,200 |
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