1559 Magazine Street Honolulu, HI 96822
Listing
Overview
Price: $2,680,000
Area: PUNCHBOWL AREA
Status: Active
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. Listing by: Excel Commercial Realty LLC (808) 225-8776
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- Land Area (sf): 4,964 sf
- Living (sf): 3,509
- Year Built: 1950
- Property Condition: Excellent
- Number of Parking Spaces: 5
- View: Other
- Listing Office: Excel Commercial Realty LLC
- Land Tenure: FS - Fee Simple
- Elementary School: Lincoln
- Middle School: Stevenson
- High School: Roosevelt
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
listings last updated on August 10, 2026 - 11:19 AM
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
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