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1818 Anapuni St 23 Unit Apartment Building $10,235,000 ($445,000/Unit) 4.37% Cap Rate Honolulu, HI 96822



INVESTMENT HIGHLIGHTS
- Stabilized Asset
- Minimal Capital Expenditure
- Recent Capital Expenditures
- Durable CMU Brick Construction
- Parking Availability
- Proven Income Producer
EXECUTIVE SUMMARY
A rare well-maintained investment opportunity in the heart of Makiki. This apartment complex is ideally positioned for strong rental demand and long-term value. Located
just minutes from Kapiolani Medical Center, Punahou School, University of Hawai‘i at Manoa, Waikiki, and major transit routes, 1818 Anapuni Street offers both convenience
and stability in one of Honolulu’s most established neighborhoods.
The property consists of 23 rental units across 15,480 square feet of interior space, situated on a 16,207-square-foot lot. Residents enjoy 24 surface parking stalls, a valuable amenity in this central urban location. The building’s layout and site configuration offer efficient operations and the potential for value-add improvements or redevelopment under Honolulu’s zoning guidelines.
With its central location, ample parking, and proven rental history, this property is ideally suited for investors seeking steady income and long-term growth in Honolulu’s thriving multifamily market.
just minutes from Kapiolani Medical Center, Punahou School, University of Hawai‘i at Manoa, Waikiki, and major transit routes, 1818 Anapuni Street offers both convenience
and stability in one of Honolulu’s most established neighborhoods.
The property consists of 23 rental units across 15,480 square feet of interior space, situated on a 16,207-square-foot lot. Residents enjoy 24 surface parking stalls, a valuable amenity in this central urban location. The building’s layout and site configuration offer efficient operations and the potential for value-add improvements or redevelopment under Honolulu’s zoning guidelines.
With its central location, ample parking, and proven rental history, this property is ideally suited for investors seeking steady income and long-term growth in Honolulu’s thriving multifamily market.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $10,235,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $445,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Cap Rate | 4.37% | Building Size | 15,480 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 23 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1969/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.55/1,000 SF |
| Zoning | A-2 - apartment zoned | ||
| Price | $10,235,000 |
| Price Per Unit | $445,000 |
| Sale Type | Investment |
| Cap Rate | 4.37% |
| Sale Condition | 1031 Exchange |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 15,480 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1969/2023 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | A-2 - apartment zoned |
AMENITIES
UNIT AMENITIES
- Ceiling Fans
- Refrigerator
- Stainless Steel Appliances
- Range
- Wi-Fi
- Grill
- Smoke Free
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 494 |
| 2+1 | 13 | - | 699 |
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1818 Anapuni St
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