254 Kaiulani Ave

Urban Honolulu HI 96815

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. 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

<50%

Less than 50% of sellers in Urban Honolulu reported that their sale price either exceeded or met their price expectations.

Urban Honolulu stands out as a desirable community for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Urban Honolulu over the last 12 months.