254 Kaiulani Avenue, Honolulu, HI 96815
- $4,900,000
- List Price
- $4,900,000
- Days on Market
- 148
- MLS#
- 202603569
- Status
- ACTIVE
- Type
- Commercial
- Land Area
- 4,505
- Land Tenure
- FS - Fee Simple
- Neighborhood
- Waikiki
- Subdivision
- Waikiki
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.
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Additional Information
- Island
- Oahu
- Utilities
- Electricity Available, Sewer Connected
- Elementary School
- Jefferson
- Middle School
- Washington
- High School
- Kaimuki
- Lot Size
- 4,505
- Construction Materials
- Brick, Block, Concrete
- Neighborhood
- Waikiki
- Frontage
- Other
- Year Built
- 1960
- Sewer
- Connected
- Parking Features
- Assigned, On Site
- Assessed Total
- 3030900
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Listing courtesy of 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.
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