$1,250,000

507 Hiram Ln Honolulu, HI 96817

Kalihi-Palama Neighborhood

Estimated payment $7,955/month

Total Views 174
-- Bed
-- Bath
3,660 Sq Ft
$342 Price per Sq Ft

About This Home

TAKE A CLOSER LOOK — RARE FIND IN LILIHA! Tucked away on Hiram Lane just off Liliha Street, this unique B-2 zonedproperty offers a tremendous investment opportunity with two TMKs sold together (TMK: 1-1-7-033-046 & 1-1-7-033-047). This multi-unit property features two buildings: Building 1: Four 2-bedroom, 1-bath units. Building 2: Three 2-bedroom, 1-bath units + One 1-bedroom, 1-bath unit. With B-2 zoning and City & County Ordinance 25-2 allowing multi-unit dwellings in B-1 and B-2 zones with commercial space, the potential here is undeniable. While the buildings are in need of updating, this is a perfect opportunity fora visionary developer or investor to transform a diamond in the rough. Let’s talk details—call today to schedule a private showing!

Listing Agent

Kay Mukaigawa

Engel & Völkers Honolulu Brokerage Phone: (808) 550-0818 License #RB-15914 Listed on: 06/18/2025

Engel & Völkers Honolulu

Co-Listing Agent

Carol Kage

Engel & Völkers Honolulu Brokerage Phone: (808) 550-0818 License #RB-21258

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,856

Year Built

  • Built in 1923

Lot Details

  • 6,014 Sq Ft Lot
  • Level Lot

Home Design

  • Wood Frame Construction

Interior Spaces

  • 3,660 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • Open Parking

Listing and Financial Details

  • Assessor Parcel Number 1-1-7-033-047-0000

Community Details

Overview

  • 8 Units
  • Liliha Subdivision

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $1
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,856

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Co List Office Mls Id: PPRO
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1923
  • Attribution Contact: (808) 550-0818
  • CommunityFeatures: None
  • LaundryFeatures: Coin-operated
  • Co List Office Phone: (808) 550-0818
  • MLS Status: Active
  • Subdivision Name: LILIHA
  • Unit Levels: Two
  • Roof: Other
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 2

Exterior Features

  • Construction Type: Single Wall, Wood Frame
  • Lot Features: Cleared, Cul-De-Sac, Interior Lot, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: Seller Disclosure

Garage/Parking

  • Parking Features: Open
  • Total Parking Spaces: 4.0
  • Open Parking: Yes

Utilities

  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, Phone Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Lot Info

  • Parcel Number: 1-1-7-033-047-0000
  • Zoning Description: 32 - B-2 Community Business Dis

Multi Family

  • Number Of Units Total: 8
  • Net Operating Income: 1.0
  • Annual Operating Expense: 1.0
  • Tenant Pays: Cable TV, Electricity
  • Total Actual Rent: 1.0

Tax Info

  • Tax Annual Amount: 15855.84

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,705 $460,100 $460,100 --
2024 $5,705 $460,100 $460,100 --
2023 $5,440 $438,700 $438,700 $0
2022 $5,175 $417,300 $417,300 $0
2021 $5,175 $417,300 $417,300 $0
2020 $5,042 $406,600 $406,600 $0
2019 $4,776 $385,200 $385,200 $0
2018 $2,078 $363,800 $363,800 $0
2017 $4,866 $392,400 $392,400 $0
2016 $4,718 $380,500 $380,500 $0
2015 $4,423 $356,700 $356,700 $0
2014 -- $344,800 $344,800 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 For Sale $1,250,000 -- $342 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $898,000 Or
Warranty Deed $898,000 Or
Interfamily Deed Transfer -- --
Source: Public Records

Similar Home in Honolulu, HI

  • 6254 Kawaihae Place Unit C, Honolulu, HI 96825

    $1,259,777

    • 2 Beds
    • 1 Bath
    • 961 Sq Ft
    • 6254 Kawaihae Place
    • Unit C
    • Honolulu, HI

    Commissioner accepted Auction bid 3/23 but Seller is “In Escrow,” w/ Active FORECLOSURE pending Lender(s) Apprvl and/or Court Confirmation! 2-bedroom, 1-bath, CPR DUPLEX waterfront—diamond in the rough! MAJOR REPAIRS needed, bursting with potential! Transform into a dream home. Enjoy a private sanctuary, breathtaking sunrises, soothing sounds of nature, and serene water vistas from a desirable

    Sandra Moser Sandra Sagisi HI Realty Serv.

    Section Image
See All Homes in Honolulu

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202514318

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-1-7-033-047-0000

Hawaii Honolulu County Honolulu 96817 Kalihi-Palama

507 Hiram Ln, Honolulu, HI

This home is located at 507 Hiram Ln, Honolulu, HI 96817 and is currently priced at $1,250,000, approximately $341 per square foot. This property was built in 1923. 507 Hiram Ln is a home located in Honolulu County with nearby schools including Princess Miriam K Likelike Elementary School, Princess Ruth Ke'elikolani Middle School, and President William McKinley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

HiCentral MLS (Honolulu Board of REALTORS®) Some of the active listings appearing on this site may be listed by other REALTORS(R). If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd

Nearby Homes
Kay Mukaigawa
Listing Agent
Kay Mukaigawa
Section Image
Engel & Völkers Honolulu
(808) 289-7287