Active under contract

$1,100,000

1214 Palama St, Honolulu, HI 96817

--beds

0baths

2,856sqft

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Multi Family

Built in 1912

-- sqft lot

$1,091,900 Zestimate^®

$385/sqft

$-- HOA

What's special

Unique opportunity to purchase four homes on one lot! 4 Legal non-conforming homes in the heart of Honolulu. Immediate cashflow with an opportunity to improve the homes and reposition the asset. Never been for sale before, this property is close to freeway access, and downtown Honolulu. Two 3-bedroom/1 bath homes and two 2-bedroom/1 bath homes.

61 days

74

2

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Appliances

Laundry: In Unit

Interior area

Total structure area: 2,856
Total interior livable area: 2,856 sqft

Property

Parking

Total spaces: 6
Parking features: Assigned

Features

Levels: One
Stories: 1
Has view: Yes
View description: None
Frontage type: Other

Lot

Features: Cleared, Interior Lot, Level
Topography: Level

Details

Parcel number: 1160010510000
Zoning description: 05 - R-5 Residential District
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame

Condition

Average Condition
Year built: 1912

Utilities & green energy

Sewer: Connected
Utilities for property: Above Ground Utilities, Electricity Available, Water Available, Sewer Connected

Community & HOA

Community

Features: None
Subdivision: Kapalama

Location

Region: Honolulu

Financial & listing details

Price per square foot: $385/sqft
Tax assessed value: $1,046,500
Annual tax amount: $3,240
Date on market: 5/12/2026
Total actual rent: 6645
Tenant pays: Cable TV, Electricity

Estimated market value

$1,091,900

$1.04M - $1.15M

$2,120/mo

Price history

Date	Event	Price
5/25/2026	Contingent	$1,100,000$385/sqft
Source: HiCentral MLS #202609270 Report a problem
5/12/2026	Listed for sale	$1,100,000$385/sqft
Source: HiCentral MLS #202609270 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,230 +4.5%	$922,800 +4.5%
2024	$3,091 -5.2%	$883,100 -5.2%
2023	$3,262 +32.8%	$931,900 +32.8%
2022	$2,456 -12.9%	$701,800 -12.9%
2021	$2,820 -11%	$805,800 -11%
2020	$3,170 -16.6%	$905,700 -16.6%
2019	$3,803 +78.6%	$1,086,500 +78.6%
2018	$2,129 -38.1%	$608,300 -38.1%
2017	$3,441 +3.5%	$983,200 +3.5%
2016	$3,324 +20.5%	$949,800 +20.5%
2015	$2,758	$787,900 +2.9%
2014	--	$765,900

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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