254 Kaiulani AVE, Honolulu, HI 96815
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254 Kaiulani AVE, Honolulu, HI 96815
254 Kaiulani AVE, Honolulu, HI 96815
254 Kaiulani AVE, Honolulu, HI 96815
254 Kaiulani AVE, Honolulu, HI 96815
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Listed by Locations LLC
$ 4,900,000
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254 Kaiulani AVE Honolulu, HI 96815


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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Waikiki

MLS Listing ID 202603620

Construction Status Excellent

HOA Y/N No

Year Built 1960

Annual Tax Amount $10,608

Property Sub-Type Multi Family

Property Description

Rarely available apartment building in Waikiki, offering strong income potential and long-term value in one of Honolulu's most desirable rental markets. Current rents are below market, creating excellent upside potential.

This well-maintained solid hollow-tile structure features a classic tiled exterior and covered parking. Each unit is individually metered for electricity with a shared water meter. All residences offer generous interior space with private lanais or patios.

The property consists of one expansive 3-bedroom, 2-bath penthouse and fourteen 1-bedroom units. Interior upgrades have been completed throughout, including durable high-quality tile flooring, updated kitchens, modernized bathrooms, and newly refurbished railings.

Additional monthly revenue is generated from leased coin-operated laundry machines and parking income. Pro forma rental income analysis is available. In 2025, the entire property underwent a plumbing inspection and repair process.

Location

State HI

County Oahu

Area Metro

Interior

Fireplace No

Exterior

Parking Features Assigned, Covered, Open

Community Features None

Utilities Available Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected

Waterfront Description Other

View Y/N No

View None

Total Parking Spaces 4

Building

Lot Description Other, Level

Dwelling Type Apartment

Entry Level Three Or More

Sewer Connected

Water Public

Level or Stories Three Or More

Construction Status Excellent

Schools

Elementary Schools Jefferson

Middle Schools Washington

High Schools Kaimuki

Others

Tax ID 1-2-6-021-014-0000

Special Listing Condition None


Hawaii Central MLS (HiCentralMLS)

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254 Kaiulani AVE