254 Kaiulani Avenue, Honolulu, HI 96815
- $4,900,000
- List Price
- $4,900,000
- Status
- ACTIVE
- Days on Market
- 210
- MLS#
- 202603569
- Subtype
- Commercial Sale
- Year Built
- 1960
- Lot Size
- 4,505
- Subdivision
- Waikiki
- Neighborhood
- Waikiki
- MLS Area Major
- Metro
- Land Tenure
- FS - Fee Simple
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.
/u.realgeeks.media/daniisedillo-as-placeholder/header.png)
Additional Information
- Taxes
- $10,608
- Flooring
- Other
- Air Conditioning
- None
- Levels
- Three Or More
- Parking Features
- Assigned, On Site
- Elementary School
- Jefferson
- Middle School
- Washington
- High School
- Kaimuki
Mortgage Calculator
Listing courtesy of Listing Agent: Cannie Chum (canniechum@gmail.com) from Listing Office: Locations LLC.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Contact: (808) 735-4200