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254 Kaiulani Ave, Honolulu, HI 96815
Well-maintained multi-unit property ideally located in the core of Waikiki, offering strong income potential and long-term value. The solid hollow-tile structure features a classic tiled exterior and includes covered parking. Each unit is individually metered for electricity with a shared water meter, and 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, and modernized bathrooms, along with newly refurbished railings. Additional monthly revenue is generated from leased coin-operated laundry machines and parking income.
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Multi-family details
1960 year built
- Year Built 1960
- Days on market 3
-
Address
254 Kaiulani Ave, Honolulu, HI, 96815
- Frontage Other
- Neighborhood Waikiki
- Land tenure FS - Fee Simple
- Land SqFt 4,505 sqft
- View None
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$24,984
Taxes
$884
HOA dues
$0
Mortgage
Down payment
$980,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$24,984 / month
Neighborhood: Waikiki
Nearby & commute
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
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no data
Local airport
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no data
17.83 / 20
Very walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
15 total units
# of 1 Bd
0
# of 2 Bd
0
# of 3 Bd
0
Total Units
15
Amenities & Features
4 parking places
Stories
4-7
Construction
Concrete, Hollow Tile
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Property Condition
Excellent
Parking
Assigned, Covered, Open
nr.of parking places
4
Amenities
None
Income
—
Total Actual Rent
Total Annual Operating Expenses
Total Income
Net Operating Income
Waikiki prices
Average price $308.7k
Neighborhood average sales price*
$308.7k
Neighborhood median sales price*
$218.5k
Number or sales*
20
Street median sales price*
$175k
*last 6 months
About Waikiki
Waikiki Condos & neighborhood info When it comes to finding a home in a lively, picturesque setting, it's hard to beat the allure of Waikiki condos. Situated along the stunning shores of Oahu, Waikiki is a bustling neighborhood in Honolulu that boasts Read more
Schools
15 schools in this area
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
Elementary School
|
0.421mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
Middle School
|
0.421mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
High School
|
0.421mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.421mi | |
|
President Thomas Jefferson Elementary School
324 Kapahulu Ave,
Honolulu, HI 96815
|
0.422mi | |
|
Jefferson School Orthopedic Unit
324 Kapahulu Ave,
Honolulu, HI 96815
|
0.512mi | |
|
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
|
0.527mi | |
|
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
|
0.543mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.421mi | |
|
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
|
0.543mi | |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.6mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.912mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
1.094mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.421mi | |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.6mi | |
|
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.684mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.912mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
1.094mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
New Listing Oct 17, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Oct 17, 2024 | New Listing | $4,900,000 | 0 | MLS #202423786 |
| Oct 9, 2024 | Cancelled | $4,900,000 | 0 | MLS #202411854 |
| Sep 7, 2024 | Price Decrease | $4,900,000 -3.92% | 0 | MLS #202411854 |
| May 23, 2024 | New Listing | $5,100,000 -3.77% | 0 | MLS #202411854 |
| May 23, 2024 | Cancelled | $5,300,000 | 0 | MLS #202319070 |
| Oct 27, 2023 | Price Decrease | $5,300,000 -3.64% | 0 | MLS #202319070 |
| Aug 11, 2023 | New Listing | $5,500,000 | 0 | MLS #202319070 |
Tax & MLS details 254 Kaiulani Ave, Honolulu, HI, 96815
MLS #202603620
Current Property Taxes p/month
$884
Assessed Improvement value
$1,341,400
TMK
1-2-6-021-014-0000
Flood Zone
Zone AE
Topography
Level
Lot Description
Other
Total Assessed value
$3,030,900
Listed by
Locations LLC
(808) 735-4200
(808) 735-4200
MLS #
202603620
Hawaii House tour report for this multi-family home
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Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Frequently asked questions for 254 Kaiulani Ave
When was this multi-family home built and last sold?
This house was build in 1960.
What is the full address of this multi-family home?
254 Kaiulani Ave, Honolulu, HI, 96815.
Are there beaches near 254 Kaiulani Ave?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2026 by HiCentral Mls, Ltd. Listing courtesy of Locations LLC. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on March 02, 2026.
Hawaii House Last checked 1 minute ago.
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