# 404 Magellan Avenue, Honolulu, HI 96813

> **TL;DR:** residential multi family, $2,300,000, built 1948.
> View. Est. $9,967/mo. Listed 191 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,300,000 |
| Year Built | 1948 |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 191 |

## Why This Home Stands Out

- **Views** - City

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $9,967 |
| **Total** | **$9,967** |

## Key Amenities

- View

## Property Highlights

- Built in 1948
- 3 stories
- 9 parking spaces

## Description

### Agent Description
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!

## Location

- **Address:** 404 Magellan Avenue, Honolulu, HI 96813
- **County:** Oahu
- **Neighborhood:** PUNCHBOWL-LOWER
- **Coordinates:** 21.310491, -157.851716
- **Google Maps:** https://www.google.com/maps?q=21.310491,-157.851716

## Listing Agent

- **Name:** Stephanie Rae Band
- **Brokerage:** Compass
- **Phone:** 8088254277
- **Email:** stephanie@hawaiidreamhomes.com

## Primary Photo

![404 Magellan Avenue - Primary Photo](http://lh.rdcpix.com/440c5d43904cd46e79ea404d3bbc638fl-f724587720r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.com/listing/404-magellan-avenue-honolulu-hi-96813-02521036)*

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**MLS#:** 202521036 | **Updated:** 2026-04-26
**Source:** listhub

*Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/404-magellan-avenue-honolulu-hi-96813-02521036)

---

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