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
Est. payment /mo
Active

254 Kaiulani AVE Honolulu, HI 96815


UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Waikiki

MLS Listing ID 202603569

Construction Status Good Condition

HOA Y/N No

Year Built 1960

Annual Tax Amount $10,608

Property Sub-Type Industrial

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

Building/Complex Name None

Interior

Cooling None

Flooring Other

Fireplace No

Exterior

Parking Features Assigned, On Site

Community Features None

Utilities Available Electricity Available, Sewer Connected

Waterfront Description Other

Building

Entry Level Three Or More

Sewer Connected

Level or Stories Three Or More

Construction Status Good Condition

Schools

Elementary Schools Jefferson

Middle Schools Washington

High Schools Kaimuki

Others

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

Special Listing Condition None

Virtual Tour https://dl.dropboxusercontent.com/scl/fi/xcff7tr8y4jasbtuthawd/254-Ka-iulani-Ave-Honolulu-HI-96815-Unit-whole-building.mp4?rlkey=2dhzjl5eqruzjax59ycdortu1&raw=1


Hawaii Central MLS (HiCentralMLS)

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254 Kaiulani AVE