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

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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.

DATA ROOM Click Here to Access

PROPERTY FACTS

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
  • Listing ID: 38972330

  • Date on Market: 1/5/2026

  • Last Updated:

  • Address: 1818 Anapuni St, Honolulu, HI 96822

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