254 Kaiulani Avenue, Honolulu, HI 96815

• 6,872 sqft

Property Description

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 Status:

Active

Date Added:

March 2, 2026

Data Last Updated:

May 20, 2026 at 5:20AM

Listing Office:

Locations LLC : (808) 735-4200

MLS ID:

202603569

Interior

• Flooring: Other
• A/C: None

Exterior

• Parking: AssignedOn Site

Construction

• General: BrickBlockConcreteThree Or More

Location

• Road/Access: Other
• Originating MLS: HICMLS
• County: Oahu

Lot

• Zoning: 1-2-6-021-014-0000

Utilities

• Utilities: Electricity AvailableSewer Connected
• Sewer: Connected

Financial

• Source: HICMLS