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1055 Ala Napunani Street

Honolulu, HI 96818

– beds
– baths
34,312 sqft
$320 per sqft
1971 build
– on site

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.

Listing courtesy of HI_CENTRAL_MLS / Luxury Homes International

Last checked: Checking… • Last updated Apr 5, 2025 •

MLS# 202506287 —

The Building

Year Built:

1971
Construction Materials:

HollowTile,Concrete
Foundation Details:

Slab
Structure Type:

Apartment
Levels:

ThreeOrMore
Building Area Total:

34312.0
# of Units Total:

40

Interior

Furnished:

Partially
Laundry Features:

CoinOperated

The Property

Property Type:

Residential
Property Subtype:

MultiFamily
Property Condition:

GoodCondition
Lot Size Area:

22494.0
Lot Features:

Cleared,InteriorLot,Level
Zoning Description:

12 - A-2 Medium Density Apartme
Parcel Number:

1-1-1-062-047-0000
Topography:

Level,Sloping
View:

Mountains,Other
View:

true
Frontage Type:

Other

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

18734.04
Tax Assessed Value:

5361500

Utilities

Utilities:

ElectricityAvailable,NaturalGasAvailable,Other,UndergroundUtilities,WaterAvailable,SewerConnected
Sewer:

Connected
Water Source:

Public

Appliances

Appliances:

Dryer,Washer

Schools

Elementary School:

Moanalua
Middle Or Junior School:

Moanalua
High School:

Moanalua

The Community

Subdivision Name:

SALT LAKE
Community Features:

Other,StorageFacilities,TrashChute
Association Amenities:

Management

Parking

Parking Total:

49.0
Parking Features:

Assigned,Covered,Open
Open Parking:

true

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
3/23/25 Mar 23, 2025	Sold Subject To Contingencies	HI_CENTRAL_MLS	$11,000,000
3/10/25 Mar 10, 2025	Listed / Active	HI_CENTRAL_MLS	$11,000,000

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This multifamily located in North Urban Center, Urban Honolulu, HI 96818 is currently for sale for $11,000,000. 1055 Ala Napunani Street is a 34,312 square foot multifamily with – beds and – baths that has been on Estately for 58 days. 1055 Ala Napunani Street is in the North Urban Center neighborhood of Urban Honolulu and has a WalkScore® of 51, making it somewhat walkable.

Listing Provided Courtesy of Luxury Homes International

Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd.

The IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Some of the 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.

This site was last updated on 05/07/2025. All properties are subject to prior sale, changes, or withdrawal.