1559 Magazine Street
- Honolulu, HI
- $2,680,000
3,509 Sq.Ft. 4,964 Sq.Ft.
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/2-bathroom, and one 4-bedroom/2-bathroom unit, along with five covered garage parking stalls.
Designed for operational efficiency, each unit is 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, Kakaʻako, Ala Moana, the University of Hawaiʻi at Mānoa, 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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RB23513
Kynan Pang specializes in the sale of multifamily investment properties and has extensive knowledge and expertise in the field.
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