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507 Hiram Lane, Honolulu, HI, 96817
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507 Hiram Lane, Honolulu, HI 96817

$1,250,000 Commercial active under contract 3,660 sqft Neighborhood:  Liliha
TAKE A CLOSER LOOK — RARE FIND IN LILIHA! Tucked away on Hiram Lane just off Liliha Street, this unique B-2 zoned property 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 for a visionary developer or investor to transform a diamond in the rough. Let’s talk details—call today to schedule a private showing!
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Details

1923 year built
  • Year Built 1923
  • Days on market 26
  • Price per sqft $342/sqft
  • Address

    507 Hiram Lane, Honolulu, HI, 96817

  • Frontage Other
  • Neighborhood Liliha
  • Land area 6,014 sqft / 0.138 acres
  • Total Interior Area 3,660 sqft
  • City of Oahu Honolulu
  • Region Honolulu
  • Island Oahu
  • Land tenure FS - Fee Simple
  • Number of Units 8
  • Parking Spaces 4

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$6,374
Taxes
$1,321
HOA dues
$0
$7,695 per month
Mortgage
Down payment
$250,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $6,374 / month

Neighborhood: Liliha

Nearby & commute
Walkability
Coffee shops
no data
Bus stop
no data
Supermarket
no data
Costco
no data
Hospital
no data
Park
no data
Beach
no data
Elementary school
no data
Middle school
no data
High school
no data
Local airport
no data
16.83 / 20
Very walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Amenities & Features

4 parking places, Wood floors
Construction/Exterior Finish
Wood Frame
Floor Covering
Wood
Easements
None
Parking
Assigned, Unassigned
Utilities Included
Light Electricity
Amenities
None

Liliha prices

Average price $526.32k
Neighborhood average sales price*
$526.32k
Neighborhood median sales price*
$510k
Number or sales*
43
Street median sales price*
$445.3k
*last 6 months

Schools

15 schools with rating up to 9
School rating Distance
5
out of 10
Kauluwela Elementary School
1486 Aala St, Honolulu, HI 96817
Elementary School
0.142mi
NR
St. Theresa School
712 North School Street, Honolulu, HI 96817
Middle School
0.243mi
NR
Pacific Buddhist Academy
1710 Pali Highway, Honolulu, HI 96813
High School
0.663mi
School rating Distance
5
out of 10
Kauluwela Elementary School
1486 Aala St, Honolulu, HI 96817
0.142mi
NR
St. Theresa School
712 North School Street, Honolulu, HI 96817
0.243mi
3
out of 10
Princess Miriam K Likelike Elementary School
1618 Palama St, Honolulu, HI 96817
0.32mi
9
out of 10
Lanakila Elementary School
717 North Kuakini St, Honolulu, HI 96817
0.393mi
6
out of 10
Princess Victoria Kaiulani Elementary School
783 North King St, Honolulu, HI 96817
0.419mi
School rating Distance
NR
St. Theresa School
712 North School Street, Honolulu, HI 96817
0.243mi
NR
Cathedral Catholic Academy
1728 Nuuanu Avenue, Honolulu, HI 96817
0.447mi
NR
Hongwanji Mission School
1728 Pali Hwy, Honolulu, HI 96813
0.619mi
NR
Waolani Judd Nazarene School
408 Judd Street, Honolulu, HI 96817
0.636mi
4
out of 10
Prince David Kawananakoa Middle School
49 Funchal St, Honolulu, HI 96813
0.638mi
School rating Distance
NR
Pacific Buddhist Academy
1710 Pali Highway, Honolulu, HI 96813
0.663mi
NR
Academy Of The Pacific
913 Alewa Drive, Honolulu, HI 96817
0.789mi
NR
Damien Memorial School
1401 Houghtailing Street, Honolulu, HI 96817
0.796mi
NR
St Andrews Priory School
224 Queen Emma Square, Honolulu, HI 96813
0.805mi
NR
K12 International Academy
1390 Miller Street , Honolulu, HI 96813
0.902mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Tax & MLS details 507 Hiram Lane, Honolulu, HI, 96817

MLS #202514321
Current Property Taxes p/month
$1,321
Assessed Improvement value
$113,200
TMK
1-1-7-033-047-0000
Flood Zone
Zone X
Total Assessed value
$1,276,900
Listed by
Engel & Volkers Honolulu
(808) 550-0818
MLS #
202514321
Hawaii House tour report for this commercial
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Stunning views
Ocean views
Open floorplan
Needs Work
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Recently sold nearby 507 Hiram Lane in Liliha

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Frequently asked questions for 507 Hiram Lane

What is 507 Hiram Lane?

507 Hiram Lane is a Commercial/Industrial

How many units does it have?

507 Hiram Lane has 8 units.

What is the rental income?

What is the full address of this commercial?

507 Hiram Lane, Honolulu, HI, 96817.

What comparable properties are nearby?

Comparable nearby commercial properties include 725 Kapiolani Blvd unit C306, 725 Kapiolani Blvd unit C305 & C306, 1194 Mikole Street, 1922 Kahai Street, 2209 Young St, 3065 Kapiolani Blvd.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2025 by HiCentral Mls, Ltd. Listing courtesy of Engel & Volkers Honolulu. Some active listings appearing on this site may be listed by other REALTORS®. 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. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.

Listings last updated on June 30, 2025.
Hawaii House Last checked 2 minutes ago.

Commercial active under contract $1,250,000 507 Hiram Lane, Honolulu, HI, 96817 3,660 sqft Save House Remove from Saved