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404 Magellan Ave, Honolulu, HI 96813
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!
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Multi-family details
1948 year built
- Year Built 1948
- Year Remodeled 1960
- Days on market 67
- Price per sqft $578/sqft
-
Address
404 Magellan Ave, Honolulu, HI, 96813
- Frontage Other
- Neighborhood Punchbowl-lower
- Land tenure FS - Fee Simple
- Land SqFt 5,376 sqft
- View City, Mountain
- Virtual Tour View (external link)
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$11,728
Taxes
$368
HOA dues
$0
Mortgage
Down payment
$460,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$11,728 / month
Neighborhood: Punchbowl-lower
Nearby & commute
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
15.67 / 20
Very walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
9 total units
# of 1 Bd
0
# of 2 Bd
0
# of 3 Bd
0
Total Units
9
Amenities & Features
9 parking places
Stories
Three
Furnished
Partial
Construction
Hollow Tile, Other, Single Wall, Wood Frame
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone
Property Condition
Average
Parking
Assigned
nr.of parking places
9
Amenities
None
Income
—
Total Actual Rent
Total Annual Operating Expenses
Total Income
Net Operating Income
Punchbowl-lower prices
Average price $726.19k
Neighborhood average sales price*
$726.19k
Neighborhood median sales price*
$772k
Number or sales*
7
Street median sales price*
$772k
*last 6 months
Schools
15 schools in this area
| School rating | Distance | |
|---|---|---|
|
Royal Elementary School
1519 Queen Emma St,
Honolulu, HI 96813
Elementary School
|
0.226mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
Middle School
|
0.239mi | |
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
High School
|
0.239mi |
| School rating | Distance | |
|---|---|---|
|
Royal Elementary School
1519 Queen Emma St,
Honolulu, HI 96813
|
0.226mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.239mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.31mi | |
|
Hongwanji Mission School
1728 Pali Hwy,
Honolulu, HI 96813
|
0.453mi | |
|
Soto Academy
1708 Nuuanu Avenue,
Honolulu, HI 96817
|
0.564mi |
| School rating | Distance | |
|---|---|---|
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.239mi | |
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
|
0.239mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.31mi | |
|
Central Middle School
1302 Queen Emma St,
Honolulu, HI 96813
|
0.325mi | |
|
Hongwanji Mission School
1728 Pali Hwy,
Honolulu, HI 96813
|
0.453mi |
| School rating | Distance | |
|---|---|---|
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
|
0.239mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.239mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.31mi | |
|
Pacific Buddhist Academy
1710 Pali Highway,
Honolulu, HI 96813
|
0.384mi | |
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
|
0.638mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Tax & MLS details 404 Magellan Ave, Honolulu, HI, 96813
MLS #202521036
Current Property Taxes p/month
$368
Assessed Improvement value
$207,100
TMK
1-2-1-021-047-0000
Flood Zone
Zone X
Topography
Gentle Slope
Lot Description
Other
Total Assessed value
$1,260,900
Listed by
Compass
(808) 825-4277
(808) 825-4277
MLS #
202521036
Hawaii House tour report for this multi-family home
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Stunning views
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Open floorplan
Needs Work
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Frequently asked questions for 404 Magellan Ave
When was this multi-family home built and last sold?
This house was build in 1948.
What is the full address of this multi-family home?
404 Magellan Ave, Honolulu, HI, 96813.
Are there beaches near 404 Magellan Ave?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2025 by HiCentral Mls, Ltd. Listing courtesy of Compass. Some 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. 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. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on November 18, 2025.
Hawaii House Last checked 1 minute ago.
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