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1104 Palama St, Honolulu, HI 96817
1104 Palama St, Honolulu, HI 96817
1104 Palama St, Honolulu, HI 96817
1104 Palama St, Honolulu, HI 96817
1104 Palama St, Honolulu, HI 96817
1104 Palama St, Honolulu, HI 96817
1104 Palama St, Honolulu, HI 96817

1104 Palama St Honolulu, HI 96817

$1,500,000

ACTIVE
Beds
5
Baths
2
Sqft
3,296
Acres
Year
1905
Days on Site
1
Property Type
Residential
Sub Type
SingleFamilyResidence
Per Square Foot
$455
Date Listed
Jun 26, 2026

Description of 1104 Palama St, Honolulu, HI 96817

Listing details for 1104 Palama St, Honolulu, HI 96817 : 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.
Listing Updated : 07-01-2026 at 3:18 AM HST
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2026-07-01. Information is deemed reliable but not guaranteed. Copyright 2026 HiCentral MLS, Ltd
Listing Provided By

Mike Tavepholjalern, (808) 388-5411, Fogarty Realty, Inc.

Source

HiCentral MLS, MLS#: 202612167

For more information on this listing contact us at 808-400-3710
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Property History

DateEventPrice
6/26/2026
Listed for sale
$1,500,000 0%
$455/sqft
Source:HiCentral MLS #202612402
6/26/2026
Listed for sale
$1,500,000
$455/sqft
Source:HiCentral MLS #202612167
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For more information on this listing contact us at 808-400-3710
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Contact
Talk Realty LLC
HOMES OAHU HOLDINGS LLC
Kyle Gephart, REALTOR®
License # RS-86752
Direct: 808.400.3710
Office: 808.400.8853

The real estate information on this website comes, in part, from the Internet Data Exchange (IDX) program. Listings may be displayed from brokerage firms other than Talk Realty and are identified by the IDX logo and the name of the listing brokerage.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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

Talk Realty | Kyle Gephart, REALTOR® (HI RS-86752)

For more information on this listing contact us at 808-400-3710