Kalihi-Palama Multifamily Homes & Duplexes for Sale
About Kalihi-Palama
Kalihi-Palama, a neighborhood in Honolulu, features a mix of tightly packed single-family homes and condos, primarily on the north side past industrial complexes. Homes here range from small ranch styles to two-story buildings, often requiring renovations, with prices starting at $600,000. Condos, built between the 1960s and 2000s, are typically under 1,000 square feet and range from $190,000 to $650,000. The area has a high rental population, with many apartment buildings on the east side. Sand Island State Recreation Area offers a quieter escape with baseball fields, walking trails, and a waterfront BMX track. Foster Botanical Garden, established in 1853, features old-growth trees and a butterfly garden. Smaller parks like ‘A’ala Park and Beretania Community Park provide basketball courts and dog parks. Dining options include Hawaiian box lunch spots and international cuisine, with notable places like Kamehameha Bakery and Nico’s Pier 38. TheBus public transportation system serves major streets, and Interstate H-1 connects the neighborhood to downtown Honolulu and Daniel K. Inouye International Airport, both about 3 miles away. Traffic can be heavy, especially on the south side. Schools in the area, such as Kalihi Kai Elementary, King David Kalakaua Middle, and Governor Wallace Rider Farrington High, have moderate ratings.
Home Trends in Kalihi-Palama, HI
On average, homes in Kalihi-Palama, Honolulu sell after 101 days on the market compared to the national average of 47 days. The average sale price for homes in Kalihi-Palama, Honolulu over the last 12 months is $534,376, up 8% from the average home sale price over the previous 12 months.
Home Trends
In Kalihi-Palama, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $1,100,000 to $7,980,000, there's something for every budget. As of April, 2025 the median home price in Kalihi-Palama, Honolulu is $435,000, while the average sale price is $534,376, providing insight into local market trends. On average, multi-family homes spend 101 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Kalihi-Palama, Honolulu.