Waikiki Apartment Building For
For Sale
$4,900,000
254 Kaiulani Avenue, Honolulu, HI 96815
COMMERCIAL - Honolulu, HI
Property SizeContact for details
Days on Market163
Property Features for 254 Kaiulani Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
X2 - Apartment Precinct
Parking features
Assigned
Subdivision
WAIKIKI
Elementary school
Jefferson
Middle school
Washington
High school
Kaimuki
Standard status
Active
APN
1-2-6-021-014-0000
Taxes and HOA fees
Tax Annual Amount
10608
Utilities
Utilities
Electricity Available
Amenities
covered parking
private lanais or patios
coin-operated laundry
Building Details
Year built
1960
Floors in Building
3
Building materials
Brick, Block, Concrete
Listing Agency:
Locations LLC
(808) 735-4200
Listed By:
Cannie Chum · License #RB-22002
(808) 735-4200
Added: Mar 2
Changed: Aug 4
Last Checked: Aug 12 at 7:06AM
MLS# 202603569
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This apartment building is located in Waikiki and offers income potential and long-term value. Current rents are below market value. The property is a well-maintained hollow-tile structure with a tiled exterior and covered parking. Each unit is individually metered for electricity, and there is a shared water meter. All residences have interior space with private lanais or patios. The property includes one 3-bedroom, 2-bath penthouse and fourteen 1-bedroom units. Interior upgrades have been completed, including tile flooring, updated kitchens, modernized bathrooms, and refurbished railings. Additional monthly revenue is generated from leased coin-operated laundry machines and parking income. In 2025, the entire property underwent a plumbing inspection and repair process.
Key Highlights
- Rare Waikiki apartment building with strong income potential.
- Below‑market rents offer excellent upside potential.
- Well‑maintained hollow‑tile structure with covered parking.
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
Yes
Utilities to site
Location Intelligence
Demographics for 96815, HI
28,786
Population
22,804
Households
1.3
Avg Household Size
48
Median Age
47%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
13,085
Density / Sq Mi
$75,020
Median Household Income
$55,543
Median Earnings
$1,903
Median Rent
$627,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building in Waikiki with income potential and upside.
Where is this apartment building located?
The property is located at 254 Kaiulani Avenue Honolulu, HI.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Rare Waikiki apartment building with strong income potential.; Below‑market rents offer excellent upside potential.; Well‑maintained hollow‑tile structure with covered parking.
