254 Kaiulani Avenue Honolulu, HI 96815
Listing
Overview
Price: $4,900,000
Area: WAIKIKI
Status: Active
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. Listing by: Locations LLC (808) 735-4200
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- Land Area (sf): 4,505 sf
- Year Built: 1960
- Property Condition: Excellent
- Number of Parking Spaces: 4
- View: None
- Listing Office: Locations LLC
- Land Tenure: FS - Fee Simple
- Elementary School: Jefferson
- Middle School: Washington
- High School: Kaimuki
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
listings last updated on May 16, 2026 - 10:08 AM
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
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