1128 Alohi Way - Multi-Family FOR SALE


Honolulu, HI 96814- Ala Moana-Kakaako
$2,045,250 USD
808-372-4176
1128 Alohi Way, Honolulu, HI for Sale
$2,045,250 USD
Multi-Family - FOR SALE
1/35
null | 4.8% Cap Rate

1128 Alohi Way
Honolulu, HI 96814
Ala Moana-Kakaako


OVERVIEW

Rare Kakaako multi-dwelling investment opportunity in the Sheridan Tract of 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.

FOR SALE DETAILS

PRICE

$2,045,250 USD

PRICE/SF

$573 USD /SF

# OF UNITS

3

PRICE/UNIT

$681,750

CAP RATE

4.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alohi Way

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

Kak – Kakaako Community D

APN/PARCEL ID

1-2-3-011-007-0000

ASK ABOUT THIS PROPERTY

Tom KiyabuColdwell Banker Island PropMore Info
808-372-4176

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Tom KiyabuColdwell Banker Island PropMore Info
808-372-4176

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.