$4,900,000
254 Kaiulani Avenue
WAIKIKI · Honolulu · 96815 · MLS 202603620
- —beds
- 0baths
- —living sqft
- Multi-familytype
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.
Building & interior
- Style
- Apartment
- Condition
- Excellent
- Lot size
- 4,505 sqft
- Year built
- 1960
- Stories
- Three Or More
- Parking
- 4 stalls · Assigned · Covered · Open
Construction & features
- Construction
- Hollow Tile · Concrete
- Roofing
- Composition
- Topography
- Level
- Lot features
- Level
- Utilities
- Above Ground Utilities · Cable Available · Electricity Available · Natural Gas Available · High Speed Internet Available · Phone Available · Sewer Available · Water Available · Sewer Connected
- Water
- Public
Tax & assessment
- Annual property tax
- $10,608/yr
- Tax year
- 2026
- Assessed — total
- $3,030,900
- Assessed — land
- $1,689,500
- Assessed — improvements
- $1,341,400
- TMK
- 1-2-6-021-014-0000
- Zoning
- X2 - Apartment Precinct
- Land tenure
- Fee simple
- Financing accepted
- Cash · Conventional
Price history
- Original list
- $4,900,000
- Current
- $4,900,000
Listed by Locations LLC
Information is from the Honolulu MLS and sources deemed reliable but is not guaranteed. Square footage, lot size, taxes, permits, and land tenure should be independently verified. Not a solicitation of property already listed.
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