254 Kaiulani Avenue, Honolulu, HI 96815

Honolulu
Local realty services provided by:Better Homes and Gardens Real Estate Refined
254 Kaiulani Avenue,Honolulu, HI 96815
$4,900,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: cannie chum
Office: locations llc.
MLS#:202603620
Source:HI_HBR

Price summary

  • Price:$4,900,000

About this home

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.

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Home facts

  • Year built:1960
  • Listing ID #:202603620
  • Added:741 day(s) ago
  • Updated:June 04, 2026 at 11:56 AM

Structure and exterior

  • Year built:1960
  • Lot area:0.1 Acres
  • Lot Features:Level
  • Construction Materials:Concrete, Hollow Tile
  • Levels:Three or More

Schools

  • High school:Kaimuki
  • Middle school:Washington
  • Elementary school:Jefferson

Utilities

  • Water:Public
  • Sewer:Connected

Finances and disclosures

  • Price:$4,900,000
  • Tax amount:$10,608

Parking

  • Total parking spaces:4
  • Parking description:Assigned, Covered, Open
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on June 4, 2026. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. HI_HBR Member Broker: Eric Yamamoto

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