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254 Kaiulani Ave

Urban Honolulu HI 96815

4
4505 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

4 carspaces
4505 sq. ft. lot size
Multi-Family

Property history for 254 Kaiulani Ave

2022
Sold
$5,100,000
28 Feb 2022
2009
Sold
$1,952,386
21 May 2009
2005
Sold
$2,200,000
13 Jul 2005 by Patricia Choi

Happy sellers in Urban Honolulu

~%

We have insufficient information to provide an overview of customer satisfaction for Urban Honolulu. Viewing the agent profiles, reviews and sales for Urban Honolulu can provide insights for this location.

Local market activity for multi families in Urban Honolulu

In the last 12 months, 3 multi families similar to 254 Kaiulani Ave, have been sold.

This represents a 50% increase in multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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