254 Kaiulani Avenue,Honolulu, HI 96815
Honolulu, HI 96815
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.
Details
| MLS # | 202603620 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 172 |
| Listing Provided By | Locations LLC | Cannie Chum |
Features
| Units | 15 |
|---|---|
| Zoning | X2 - Apartment Precinct |
| Property View | None |
Exterior
| Construction Materials | Hollow Tile, Concrete |
|---|
Other
| Community Features | None |
|---|
Taxes
| Property | 10608 |
|---|
Area Information
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96815 |
| Area | Oahu |
| Community Name | WAIKIKI |
| School District | Kaimuki |
| Elementary School | Jefferson |
| High School | Kaimuki |
| Listing VS Median (in WAIKIKI) | |
Price: $4,900,000 low | high Med: $449,000 On site: 172 low | high Med: 571 | |
Market Activity 96815
Request a showing
Request a showing
Contact
Learn More About This Property
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96815 |
| Area | Oahu |
| Community Name | WAIKIKI |
| School District | Kaimuki |
| Elementary School | Jefferson |
| High School | Kaimuki |
| Listing VS Median (in WAIKIKI) | |
Price: $4,900,000 low | high Med: $449,000 On site: 172 low | high Med: 571 | |