287 Wai Nani Way, Honolulu, HI 96815

• 7,300 sqft

Property Description

Exceptional rental income and low operating costs make this a rare investment opportunity in Waikiki’s residential neighborhood. This turnkey 3-story walk-up comprises 13 units: nine 2BD/1BA plus four 1BD/1BA, each with a private lanai. Well-kept and low-maintenance, the property is positioned in one of Honolulu’s most reliable rental markets. Features include community coin-operated laundry, individual electrical metering for tenant-paid power. Parking is available with a three-car front carport, plus two tandem spaces in a secondary carport accessed via the driveway. Units have been updated upon turnover, ensuring the building remains in excellent condition with strong occupancy, consistent rental income, and long-term tenants. Set in the quieter, less trafficked section of Waikiki, residents enjoy walkable access to world-class beaches, dining, shopping, and recreation, as well as convenient transit connections. This combination of stable income, efficient operations, and an unbeatable location makes the property a standout investment in Honolulu’s steady multifamily market.

Listing Status:

Active

Date Added:

September 9, 2025

Data Last Updated:

February 14, 2026 at 12:52PM

Listing Office:

Real Estate Strategies, LLC : (808) 284-1010

MLS ID:

202519531

Interior

• Appliances: DryerWasher
• Laundry: Coin-operated

Exterior

• Parking: AssignedCoveredTandemParking spaces: 7

Construction

• General: Hollow TileThree Or More

Location

• Originating MLS: HICMLS
• County: Oahu

Lot

• Topography: Level
• Zoning: 1-2-6-028-043-0000
• View: CityView

Utilities

• Utilities: Cable AvailableElectricity AvailableHigh Speed Internet AvailablePhone AvailableSewer AvailableUnderground UtilitiesWater AvailableSewer Connected
• Water: Public
• Sewer: Connected

Financial

• Source: HICMLS