Property
$2,300,0005,376 Acres
For Sale
For Sale
$2,300,0005,376 Acres
For Sale

404 Magellan Avenue, Honolulu, HI 96813 - Honolulu County

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Property ID 25019383

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MULTI_FAMILY - Honolulu, HI

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!

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.

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License #RS-84381

Honolulu, HI

(808) 825-4277
Listing provided by
Stephanie R Andrews
Compass(808) 825-4277
Source: ListHub, MLS# 202521036
Listing status: Active
Listing last updated: December 4, 2025 at 10:02 AM
Listing last checked: December 4, 2025 at 9:31 AM
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Stephanie R Andrews

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Stephanie R Andrews

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