1559 Magazine Street, Honolulu, HI 96822
- $2,680,000
- List Price
- $2,680,000
- Status
- ACTIVE
- Type
- Multifamily
- MLS#
- 202615380
- Days on Market
- 1
- Lot Size
- 4,964
- Land Area
- 5
- Year Built
- 1950
- Property Type
- Residential
- Neighborhood
- Punchbowl
- Land Tenure
- FS - Fee Simple
Property Description
An exceptional investment opportunity to acquire a well-maintained 5-unit multifamily property in the desirable Punchbowl neighborhood of Honolulu. The property features a diverse unit mix consisting of one studio, one 1-bedroom/1-bathroom, one 2-bedroom/1-bathroom, one 3-bedroom/2bathroom, and one 4-bedroom/2-bathroom unit, along with five covered garage parking stalls. Designed for operational efficiency, all units except the Studio & 1bd/1ba units are separately metered for electricity, making the property easy to self-manage while helping minimize operating expenses. The asset generates strong in-place cash flow with an annual Net Operating Income (NOI) of approximately $110,243. Ideally located just minutes from Downtown Honolulu, Queen’s Medical Center, Kaka'ako, Ala Moana, the University of Hawai'i at Manoa, Roosevelt High School, and Punahou School, the property offers convenient access to major employment centers, shopping, dining, healthcare, and education. This is a rare opportunity for investors seeking a stable, income-producing asset in one of Honolulu’s most centrally located neighborhoods.
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Additional Information
- Island
- Oahu
- Utilities
- Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected
- View
- Other
- Elementary School
- Lincoln
- Middle School
- Stevenson
- High School
- Roosevelt
- Lot Size
- 4,964
- Parking Spaces
- 5
- Construction Materials
- Double Wall
- Neighborhood
- Punchbowl
- Year Built
- 1950
- Sewer
- Connected
- Parking Features
- Assigned, Covered
- Lot Features
- Cleared
- Taxes
- $5,628
- Assessed Total
- 1607500
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Listing courtesy of Excel Commercial Realty LLC.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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