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1128 Alohi Way - Alohi Way 3 Unit Apartment Building Offered at $2,045,250 at a 4.80% Cap Rate Honolulu, HI 96814

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Executive Summary

Rare Kakaako multi-dwelling investment opportunity in the Kakaako Community Development District. Situated on approximately 6,000 sq. ft. of level land, this income-producing property listed at $2,045,250 features 3 separate living areas with approximately 9 bedrooms and 6 bathrooms total, offering multiple income streams and exceptional flexibility for investors, owner-occupants, or those seeking a live-in investment strategy. This 3-unit property includes an upstairs 3-bedroom, 2-bath residence (~1,241 sq. ft.), a downstairs 3-bedroom, 2-bath residence (~1,201 sq. ft.), and an attached 3-bedroom, 2-bath ADU built in 1997 (~1,128 sq. ft.); a 6-car tandem carport, plus additional driveway and street parking. Located near Kakaako, Ward Village, Ala Moana Center, Kaiser Permanente, beaches, dining, shopping, medical facilities, schools, and freeway access, this property benefits from strong rental demand in one of Honolulu's most sought-after urban neighborhoods. Potential opportunity to combine with the neighboring duplex on an additional 6,000 sq. ft. lot, creating approximately 12,000 sq. ft. of contiguous land with future redevelopment potential (Buyer to verify all development possibilities). Photos include the 1st unit of neighboring duplex which is listed at $1,846,000.

1134 Alohi Way and 1128 Alohi Way, Flyer pg 2

Property Facts

Price	$2,045,250	Property Type	Multifamily Multifamily Apartments Office Office Residential Multifamily Dormitory
Price Per Unit	$681,750	Apartment Style	Low-Rise
Sale Type	Investment	Lot Size	0.13 AC
Cap Rate	4.80%	Building Size	3,570 SF
Sale Condition	Build to Suit	No. Stories	2
Gross Rent Multiplier	15.33	Year Built/Renovated	1950/1997
No. Units	3	Parking Ratio	1.68/1,000 SF
Zoning	Kak – Kakaako Community D - Sheridan Residential District within the mauka Kakaako Community District that allows live-work lifestyle. Contact agent for restrictions re work.

Price	$2,045,250
Price Per Unit	$681,750
Sale Type	Investment
Cap Rate	4.80%
Sale Condition	Build to Suit
Gross Rent Multiplier	15.33
No. Units	3
Property Type	Multifamily Multifamily Apartments Office Office Residential Multifamily Dormitory
Apartment Style	Low-Rise
Lot Size	0.13 AC
Building Size	3,570 SF
No. Stories	2
Year Built/Renovated	1950/1997
Parking Ratio	1.68/1,000 SF
Zoning	Kak – Kakaako Community D - Sheridan Residential District within the mauka Kakaako Community District that allows live-work lifestyle. Contact agent for restrictions re work.