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1055 Ala Napunani Street, Honolulu, HI, 96818
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1055 Ala Napunani Street, Honolulu, HI 96818

$11,000,000 Multi-Family Home for sale 34,312 sqft Neighborhood:  Salt Lake
2 min walk to Likini Street Mini Park
5 min walk to Honolulu Country Club
About lifestyles
Rare Opportunity –40-Unit Apt Bldg in Salt Lake. Attractive 6 story trophy building to add to your investment portfolio! Building is a solid CMU and concrete structure, offering durability & low maintenance. The property features a keyed elevator for added convenience and ample 49 parking stalls. 100% leased but Rents under market with lots of development potential. 20– one bdrm; 20– two bdrm units. All units large in size w/lanais. Mgmt office on ground floor w/full bathroom. Coin operated laundry facility on each floor. Large storage room on pkg level as well as multiple storage rooms throughout building. Ideally situated near schools, shopping centers, freeway access, & public transportation, ensuring strong tenant demand. Original but maintained property in a high-demand rental market! Sold in Existing AS IS Condition. Buyer to conduct own Due Diligence. Do not disturb tenants, knock on doors nor park on property. Please contact Listor with additional questions. Must sign NDA for financials. Call for Offers Deadline, March 21, 2025, Friday at Noon. PSA must include verification of cash funds &/ Commercial lender preapproval.
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Multi-family details

1971 year built
  • Year Built 1971
  • Days on market 6
  • Price per sqft $321/sqft
  • Address

    1055 Ala Napunani Street, Honolulu, HI, 96818

  • Frontage Other
  • Neighborhood Salt Lake
  • Land tenure FS - Fee Simple
  • Land SqFt 22,494 sqft
  • View Mountain, Other

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$56,086
Taxes
$1,561
HOA dues
$0
$57,647 per month
Mortgage
Down payment
$2,200,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $56,086 / month

Neighborhood: Salt Lake

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
13.5 / 20
Somewhat walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Unit Information

40 total units
# of 1 Bd
0
# of 2 Bd
0
# of 3 Bd
0
Total Units
40

Amenities & Features

44 parking places
Stories
4-7
Furnished
Partial
Construction
Concrete, Hollow Tile, Slab
Utilities
Gas, Other, Public Water, Underground Electricity
Property Condition
Above Average
Parking
Assigned, Covered, Open
nr.of parking places
44
Amenities
Resident Manager, Storage, Trash Chute

Income

Total Actual Rent
Total Annual Operating Expenses
Total Income
Net Operating Income

Salt Lake prices

Average price $571.82k
Neighborhood average sales price*
$571.82k
Neighborhood median sales price*
$496k
Number or sales*
426
Median sale price Waikiki Skytower*
$420k
*last 6 months

Schools

15 schools with rating up to 9
School rating Distance
8
out of 10
Moanalua Elementary School
1337 Mahiole St, Honolulu, HI 96819
Elementary School
0.678mi
6
out of 10
Moanalua Middle School
1289 Mahiole St, Honolulu, HI 96819
Middle School
0.576mi
8
out of 10
Moanalua High School
2825 Ala Ilima St, Honolulu, HI 96819
High School
0.107mi
School rating Distance
8
out of 10
Moanalua Elementary School
1337 Mahiole St, Honolulu, HI 96819
0.678mi
9
out of 10
Salt Lake Elementary School
1131 Ala Lilikoi St, Honolulu, HI 96818
0.75mi
8
out of 10
Aliamanu Elementary School
3265 Salt Lake Blvd, Honolulu, HI 96818
0.791mi
8
out of 10
Major General William R Shafter Elementary School
2 Fort Shafter, Honolulu, HI 96819
0.986mi
NR
Christian Academy
3400 Moanalua Road, Honolulu, HI 96819
1.318mi
School rating Distance
6
out of 10
Moanalua Middle School
1289 Mahiole St, Honolulu, HI 96819
0.576mi
8
out of 10
Moanalua Elementary School
1337 Mahiole St, Honolulu, HI 96819
0.678mi
8
out of 10
Aliamanu Elementary School
3265 Salt Lake Blvd, Honolulu, HI 96818
0.791mi
4
out of 10
Aliamanu Middle School
3271 Salt Lake Boulevard, Honolulu, HI 96818
0.84mi
NR
Christian Academy
3400 Moanalua Road, Honolulu, HI 96819
1.318mi
School rating Distance
8
out of 10
Moanalua High School
2825 Ala Ilima St, Honolulu, HI 96819
0.107mi
NR
Christian Academy
3400 Moanalua Road, Honolulu, HI 96819
1.318mi
9
out of 10
Admiral Arthur W Radford High School
4361 Salt Lake Blvd, Honolulu, HI 96818
1.922mi
NR
Grace Christian Academy
99-833 Iwaena Street, Aiea, HI 96701
1.949mi
NR
Assets School
1 Ohana Nui Way, Honolulu, HI 96818
2.091mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Tax & MLS details 1055 Ala Napunani Street, Honolulu, HI, 96818

MLS #202506287
Current Property Taxes p/month
$1,561
Assessed Improvement value
$2,299,600
TMK
1-1-1-062-047-0000
Flood Zone
Zone X
Topography
Gentle Slope,Level
Lot Description
Clear
Total Assessed value
$5,361,500
Listed by
Luxury Homes International
(808) 797-3344
MLS #
202506287
Hawaii House tour report for this multi-family home
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Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Similar homes nearby 1055 Ala Napunani Street in Salt Lake

Recently sold nearby 1055 Ala Napunani Street in Salt Lake

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Frequently asked questions for 1055 Ala Napunani Street

When was this multi-family home built and last sold?

This house was build in 1971.

What is the full address of this multi-family home?

1055 Ala Napunani Street, Honolulu, HI, 96818.

Are there beaches near 1055 Ala Napunani Street?

No, there aren't.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2025 by HiCentral Mls, Ltd. Listing courtesy of Luxury Homes International. 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 March 13, 2025.
Hawaii House Last checked 1 minute ago.

Multi-Family Home for sale $11,000,000 1055 Ala Napunani Street, Honolulu, HI, 96818 34,312 sqft Save House Remove from Saved