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Ohana
* Second home allowed on either a residential or an agricultural zoned property.
Surf
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Punchbowl-lower Multi-Family Homes for sale

3 multi-family home for sale

Virtual Tour
$2.3m  $550,000
Punchbowl-lower
404 Magellan Ave, Honolulu
Multi-Family Home
$2,300,000  $550,000
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!
$2.5m
Punchbowl-lower
1449 Punchbowl Street, Honolulu
Multi-Family Home
$2,500,000
Consider This Rare Development Opportunity – Explore the potential of this unique site with plans that align with Bill 7 provisions. Proposed development includes a 5-story residential apartment building featuring 21 units and 11 parking stalls. Rendered images reflect an development option to maximize rental income—subject to zoning and permit approvals. Don’t miss this chance to invest in a high-demand area with strong development upside. Centrally located investment opportunity near Queens Hospital. The existing hollow tile building has 6 spacious 2-bedroom apartments with custom cabinets and counter tops. Highlights are walking distance to Queen's Hospital, State Capitol, and minutes from downtown Honolulu. Easy access to H1 Highway and bus stops.
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$1.43m  $174,000
Punchbowl-lower
1402 Lusitana Street, Honolulu
Multi-Family Home
$1,425,000  $174,000
UPDATE - Seller is remodeling one downstairs unit to be another rental property - adding an additional $2,000-$2,300 per month! Cash-flowing property in the heart of Honolulu. Located across the street from Queen's Medical Centre and minutes away from many government buildings, this property is highly desirable. There is a mix of business and residential with a strong rental history. A great opportunity to own a Fee Simple property with 1 business unit & 4 residential units. Dont let this one pass because opportunity does not knock twice. Easy access to the major streets and seconds from H1 make the commute very convenient. Residential units consist of ONE 3 bedroom and three 2 bedroom units. 2 residential units are located upstairs and below is an established convenience store and 2 rental units. It has 2 parking spaces. Come get this before it's gone. Please do not disturb tenants.
1 – 3 of 3 homes for sale
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Lifestyle & outdoors In Punchbowl-lower

5 surf spots in this area

Concessions
Type: surfing
Right and Left breaking waves - good at 2-4 four feet upwards.
Kewalos
Type: surfing
Point Panics
Type: surfing
Flies
Type: surfing
Point Panic
Type: body-surfing
Kaka'ako, Honolulu 1-5 Dangerous rocks and reef bottom

25 parks in this area

Fort Street Mall Mini Park

Chinatown Gateway Park

Queen Emma Square

Liliuokalani Botanical Garden

Kawananakoa Neighborhood Park

Foster Botanical Garden

Auwaiolimu Neighborhood Park

Kauluwela Mall

College Walk Mall

Kamamalu Neighborhood Park

River Street/Sun Yet Sen Mall

Smith-Beretania Park

Stevenson Recreation Center

Kamalii Mini Park

Union Street Mall

Dole Community Park

Robert W. Wilcox Mini Park

Fort Street Mall

State Capitol

Iolani Palace State Monument

Piikoi Street Mini Park

Thomas Square

Kawaiahao Mini Park

Mother Waldron Neighborhood Park

Sheridan Community Park

1 beach in this area

Ala Moana Beach

2 golf courses in this area

Ala Wai Golf Course

Oʻahu Country Club

Essentials in Punchbowl-lower

Farmers market is about 7 min walk
Hospital is about 6 min walk
Supermarket is about 13 min walk
Airport is about 11 min drive
Costco is about 17 min drive
* distance is calculated by average per house. Some homes maybe closer to the essentials

Walkability in Punchbowl-lower

14 / 20
Somewhat walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Living in Punchbowl-lower Punchbowl-lower is a neighborhood in the Honolulu district of Oahu.

Supermarkets are about 13 min walk, the nearest Hospital is about 6 min walk and the airport is about 11 min drive.

Punchbowl-lower is somewhat walkable.

There are 25 parks in this area, and 1 public beach. Nearby lifestyles include surfing, body surfing and golf.

Housing Market Trends for Punchbowl-lower

There are currently 22 real estate listings for sale in Punchbowl-lower. This includes homes, condos, multi-family homes, and vacant land.
The average listing price in Punchbowl-lower for condos is $261,692 and for homes is $1,357,335. The median sales price for Punchbowl-lower over the last 90 days is $349,000, a -6% decrease of $24,000 year over year. If we break this down per property types we see that the median sales price for homes is $0 and for condos $349,000.
The number of sales in the last 60 days are 3. The average days Punchbowl-lower properties stay on the market before being sold is 174 days.

Punchbowl-lower is a neighborhood located in the
Honolulu
district on the island of
Oahu
.

Average Listing Price Punchbowl-lower for condos & homes

Median Sales Price Punchbowl-lower for condos & homes

Number Of Sales Punchbowl-lower for condos & homes

* information deemed reliable, but not guaranteed
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