287 Wai Nani Way Honolulu, HI 96815

Listing
Overview

Price: $4,880,000
Area: WAIKIKI
Status: Active

Exceptional rental income and low operating costs make this a rare investment opportunity in Waikiki’s residential neighborhood. This turnkey 3-story walk-up comprises 13 units: nine 2BD/1BA plus four 1BD/1BA, each with a private lanai. Well-kept and low-maintenance, the property is positioned in one of Honolulu’s most reliable rental markets. Features include community coin-operated laundry, individual electrical metering for tenant-paid power. Parking is available with a three-car front carport, plus two tandem spaces in a secondary carport accessed via the driveway. Units have been updated upon turnover, ensuring the building remains in excellent condition with strong occupancy, consistent rental income, and long-term tenants. Set in the quieter, less trafficked section of Waikiki, residents enjoy walkable access to world-class beaches, dining, shopping, and recreation, as well as convenient transit connections. This combination of stable income, efficient operations, and an unbeatable location makes the property a standout investment in Honolulu’s steady multifamily market. Listing by: Real Estate Strategies, LLC (808) 284-1010

array(45) {
  ["MLSNumber"]=>
  array(1) {
    [0]=>
    string(9) "202519531"
  }
  ["StreetNumber"]=>
  array(1) {
    [0]=>
    string(3) "287"
  }
  ["PropertyType"]=>
  array(1) {
    [0]=>
    string(12) "Multi-Family"
  }
  ["StreetName"]=>
  array(1) {
    [0]=>
    string(8) "Wai Nani"
  }
  ["StreetSuffix"]=>
  array(1) {
    [0]=>
    string(3) "Way"
  }
  ["UnitNumber"]=>
  array(1) {
    [0]=>
    string(0) ""
  }
  ["City"]=>
  array(1) {
    [0]=>
    string(8) "Honolulu"
  }
  ["StateOrProvince"]=>
  array(1) {
    [0]=>
    string(2) "HI"
  }
  ["PostalCode"]=>
  array(1) {
    [0]=>
    string(5) "96815"
  }
  ["VirtualTourURLUnbranded"]=>
  array(1) {
    [0]=>
    string(0) ""
  }
  ["ListPrice"]=>
  array(1) {
    [0]=>
    string(10) "4880000.00"
  }
  ["Neighbourhood"]=>
  array(1) {
    [0]=>
    string(7) "WAIKIKI"
  }
  ["Status"]=>
  array(1) {
    [0]=>
    string(6) "Active"
  }
  ["PublicRemarks"]=>
  array(1) {
    [0]=>
    string(1100) "Exceptional rental income and low operating costs make this a rare investment opportunity in Waikiki’s residential neighborhood. This turnkey 3-story walk-up comprises 13 units: nine 2BD/1BA plus four 1BD/1BA, each with a private lanai. Well-kept and low-maintenance, the property is positioned in one of Honolulu’s most reliable rental markets. Features include community coin-operated laundry, individual electrical metering for tenant-paid power. Parking is available with a three-car front carport, plus two tandem spaces in a secondary carport accessed via the driveway. Units have been updated upon turnover, ensuring the building remains in excellent condition with strong occupancy, consistent rental income, and long-term tenants. Set in the quieter, less trafficked section of Waikiki, residents enjoy walkable access to world-class beaches, dining, shopping, and recreation, as well as convenient transit connections. This combination of stable income, efficient operations, and an unbeatable location makes the property a standout investment in Honolulu’s steady multifamily market."
  }
  ["ListOfficeName"]=>
  array(1) {
    [0]=>
    string(27) "Real Estate Strategies, LLC"
  }
  ["BedsTotal"]=>
  array(1) {
    [0]=>
    string(0) ""
  }
  ["BathsFull"]=>
  array(1) {
    [0]=>
    string(0) ""
  }
  ["BathsHalf"]=>
  array(1) {
    [0]=>
    string(0) ""
  }
  ["LotSizeArea"]=>
  array(1) {
    [0]=>
    string(7) "5760.00"
  }
  ["SqftTotal"]=>
  array(1) {
    [0]=>
    string(4) "7300"
  }
  ["YearBuilt"]=>
  array(1) {
    [0]=>
    string(4) "1963"
  }
  ["BuildingName"]=>
  array(1) {
    [0]=>
    string(0) ""
  }
  ["PropertyCondition"]=>
  array(1) {
    [0]=>
    string(9) "Excellent"
  }
  ["ParkingTotal"]=>
  array(1) {
    [0]=>
    string(1) "7"
  }
  ["StoriesType"]=>
  array(1) {
    [0]=>
    string(5) "Three"
  }
  ["View"]=>
  array(1) {
    [0]=>
    string(4) "City"
  }
  ["MaintenanceExpense"]=>
  array(1) {
    [0]=>
    NULL
  }
  ["LandTenure"]=>
  array(1) {
    [0]=>
    string(15) "FS - Fee Simple"
  }
  ["ElementarySchool"]=>
  array(1) {
    [0]=>
    string(9) "Jefferson"
  }
  ["MiddleOrJuniorSchool"]=>
  array(1) {
    [0]=>
    string(10) "Washington"
  }
  ["HighSchool"]=>
  array(1) {
    [0]=>
    string(7) "Kaimuki"
  }
  ["ListOfficeMLSID"]=>
  array(1) {
    [0]=>
    string(4) "RETA"
  }
  ["ListAgentEmail"]=>
  array(1) {
    [0]=>
    string(22) "juliankim888@gmail.com"
  }
  ["ListAgentDirectWorkPhone"]=>
  array(1) {
    [0]=>
    string(14) "(808) 284-1010"
  }
  ["ListAgentFullName"]=>
  array(1) {
    [0]=>
    string(12) "Julian Young"
  }
  ["CloseDate"]=>
  array(1) {
    [0]=>
    string(0) ""
  }
  ["Matrix_Unique_ID"]=>
  array(1) {
    [0]=>
    string(8) "18962927"
  }
  ["MatrixModifiedDT"]=>
  array(1) {
    [0]=>
    string(23) "2025-10-14T03:00:13.847"
  }
  ["ListingContractDate"]=>
  array(1) {
    [0]=>
    string(10) "2025-09-09"
  }
  ["MLSAreaMajor"]=>
  array(1) {
    [0]=>
    string(5) "Metro"
  }
  ["PropertyFrontage"]=>
  array(1) {
    [0]=>
    string(0) ""
  }
  ["ExemptListingEntryTimestamp"]=>
  array(1) {
    [0]=>
    string(0) ""
  }
  ["MatrixModifiedTime"]=>
  array(1) {
    [0]=>
    string(12) "03:00:13.847"
  }
  ["_thumbnail_id"]=>
  array(1) {
    [0]=>
    string(8) "27140934"
  }
  ["listing_image"]=>
  array(26) {
    [0]=>
    string(8) "27140934"
    [1]=>
    string(8) "27140935"
    [2]=>
    string(8) "27140936"
    [3]=>
    string(8) "27140937"
    [4]=>
    string(8) "27140938"
    [5]=>
    string(8) "27140939"
    [6]=>
    string(8) "27140940"
    [7]=>
    string(8) "27140941"
    [8]=>
    string(8) "27140942"
    [9]=>
    string(8) "27140943"
    [10]=>
    string(8) "27140944"
    [11]=>
    string(8) "27140945"
    [12]=>
    string(8) "27140946"
    [13]=>
    string(8) "27140947"
    [14]=>
    string(8) "27140948"
    [15]=>
    string(8) "27140949"
    [16]=>
    string(8) "27140950"
    [17]=>
    string(8) "27140951"
    [18]=>
    string(8) "27140952"
    [19]=>
    string(8) "27140953"
    [20]=>
    string(8) "27140954"
    [21]=>
    string(8) "27140955"
    [22]=>
    string(8) "27140956"
    [23]=>
    string(8) "27140957"
    [24]=>
    string(8) "27140958"
    [25]=>
    string(8) "27140959"
  }
}
Array
(
    [MLSNumber] => Array
        (
            [0] => 202519531
        )

    [StreetNumber] => Array
        (
            [0] => 287
        )

    [PropertyType] => Array
        (
            [0] => Multi-Family
        )

    [StreetName] => Array
        (
            [0] => Wai Nani
        )

    [StreetSuffix] => Array
        (
            [0] => Way
        )

    [UnitNumber] => Array
        (
            [0] => 
        )

    [City] => Array
        (
            [0] => Honolulu
        )

    [StateOrProvince] => Array
        (
            [0] => HI
        )

    [PostalCode] => Array
        (
            [0] => 96815
        )

    [VirtualTourURLUnbranded] => Array
        (
            [0] => 
        )

    [ListPrice] => Array
        (
            [0] => 4880000.00
        )

    [Neighbourhood] => Array
        (
            [0] => WAIKIKI
        )

    [Status] => Array
        (
            [0] => Active
        )

    [PublicRemarks] => Array
        (
            [0] => Exceptional rental income and low operating costs make this a rare investment opportunity in Waikiki’s residential neighborhood. This turnkey 3-story walk-up comprises 13 units: nine 2BD/1BA plus four 1BD/1BA, each with a private lanai. Well-kept and low-maintenance, the property is positioned in one of Honolulu’s most reliable rental markets. Features include community coin-operated laundry, individual electrical metering for tenant-paid power. Parking is available with a three-car front carport, plus two tandem spaces in a secondary carport accessed via the driveway. Units have been updated upon turnover, ensuring the building remains in excellent condition with strong occupancy, consistent rental income, and long-term tenants. Set in the quieter, less trafficked section of Waikiki, residents enjoy walkable access to world-class beaches, dining, shopping, and recreation, as well as convenient transit connections. This combination of stable income, efficient operations, and an unbeatable location makes the property a standout investment in Honolulu’s steady multifamily market.
        )

    [ListOfficeName] => Array
        (
            [0] => Real Estate Strategies, LLC
        )

    [BedsTotal] => Array
        (
            [0] => 
        )

    [BathsFull] => Array
        (
            [0] => 
        )

    [BathsHalf] => Array
        (
            [0] => 
        )

    [LotSizeArea] => Array
        (
            [0] => 5760.00
        )

    [SqftTotal] => Array
        (
            [0] => 7300
        )

    [YearBuilt] => Array
        (
            [0] => 1963
        )

    [BuildingName] => Array
        (
            [0] => 
        )

    [PropertyCondition] => Array
        (
            [0] => Excellent
        )

    [ParkingTotal] => Array
        (
            [0] => 7
        )

    [StoriesType] => Array
        (
            [0] => Three
        )

    [View] => Array
        (
            [0] => City
        )

    [MaintenanceExpense] => Array
        (
            [0] => 
        )

    [LandTenure] => Array
        (
            [0] => FS - Fee Simple
        )

    [ElementarySchool] => Array
        (
            [0] => Jefferson
        )

    [MiddleOrJuniorSchool] => Array
        (
            [0] => Washington
        )

    [HighSchool] => Array
        (
            [0] => Kaimuki
        )

    [ListOfficeMLSID] => Array
        (
            [0] => RETA
        )

    [ListAgentEmail] => Array
        (
            [0] => juliankim888@gmail.com
        )

    [ListAgentDirectWorkPhone] => Array
        (
            [0] => (808) 284-1010
        )

    [ListAgentFullName] => Array
        (
            [0] => Julian Young
        )

    [CloseDate] => Array
        (
            [0] => 
        )

    [Matrix_Unique_ID] => Array
        (
            [0] => 18962927
        )

    [MatrixModifiedDT] => Array
        (
            [0] => 2025-10-14T03:00:13.847
        )

    [ListingContractDate] => Array
        (
            [0] => 2025-09-09
        )

    [MLSAreaMajor] => Array
        (
            [0] => Metro
        )

    [PropertyFrontage] => Array
        (
            [0] => 
        )

    [ExemptListingEntryTimestamp] => Array
        (
            [0] => 
        )

    [MatrixModifiedTime] => Array
        (
            [0] => 03:00:13.847
        )

    [_thumbnail_id] => Array
        (
            [0] => 27140934
        )

    [listing_image] => Array
        (
            [0] => 27140934
            [1] => 27140935
            [2] => 27140936
            [3] => 27140937
            [4] => 27140938
            [5] => 27140939
            [6] => 27140940
            [7] => 27140941
            [8] => 27140942
            [9] => 27140943
            [10] => 27140944
            [11] => 27140945
            [12] => 27140946
            [13] => 27140947
            [14] => 27140948
            [15] => 27140949
            [16] => 27140950
            [17] => 27140951
            [18] => 27140952
            [19] => 27140953
            [20] => 27140954
            [21] => 27140955
            [22] => 27140956
            [23] => 27140957
            [24] => 27140958
            [25] => 27140959
        )

)

  • Land Area (sf): 5,760 sf
  • Living (sf): 7,300
  • Year Built: 1963

  • Property Condition: Excellent
  • Number of Parking Spaces: 7
  • View: City
  • Listing Office: Real Estate Strategies, LLC

  • Land Tenure: FS - Fee Simple

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

CONTACT US

Marcus Realty

#RB-7120
info@marcushawaii.com
(808)839-7446

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on October 14, 2025 - 3:00 AM Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

© Marcus Realty. All Rights Reserved.