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287 Wai Nani Way, HONOLULU, HI 96815

$4,950,000 Multi-Family Home for sale 7,300 sqft Neighborhood:  Waikiki
3 min walk to Ala Wai Golf Course
7 min walk to Waikiki Beach
8 min walk to Ala Wai Golf Course
8 min walk to The Wall
7 min walk to Graveyards
Lifestyle locations are approximate to property
Beautiful Building, Excellent Rents! Three story concrete apartment building blocks from Waikiki Beach and Kapiolani Park located on a non-through street = lower non-resident traffic and a more residential neighborhood with access to all Waikiki has to offer. All interiors have been upgraded—some in the past few years, but all by the previous owner, and the exterior is well-maintained, resulting in excellent rental rates. All units have exterior space making them much more desirable than other units on the market. Separately metered for electric, tenants pay electric AND water, which is charged back to them through RUBS. Coin laundry leased through WASH and expires 6/23. 2 covered stalls, 3 stalls in front.
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Multi-family details

1963 year built
Year Built
1963
Year Remodeled
2022
Original list price
$4,950,000
Days on market
20
Building type
Apartments,Multi Dwellings
Price per sqft
$678/sqft
Address

287 Wai Nani Way, HONOLULU, HI, 96815

Frontage
Other
Neighborhood
Waikiki
Land tenure
FS - Fee Simple
Land SqFt
5,760 sqft
View
None
Virtual Tour
View (external link)

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$25,239
Taxes
$668
HOA dues
$0
$25,907 per month
Mortgage
Down payment
$990,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $25,239 / month

Neighborhood: Waikiki

Nearby & commute
Walkability
Coffee shops
5 mins walk
0.3 mi
Bus stop
3 mins walk
0.2 mi
Supermarket
3 mins by bike
0.67 mi
Hospital
5 mins by car
2.52 mi
Park
3 mins walk
0.17 mi
Beach
7 mins walk
0.4 mi
Elementary school
1 min walk
0.1 mi
Middle school
6 mins walk
0.33 mi
High school
6 mins walk
0.33 mi
Local airport
17 mins by car
10.12 mi
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13.33 / 20
Above Average
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Unit Information

13 total units
# of 1 Bd
4
# of 2 Bd
9
# of 3 Bd
0
Total Units
13

Amenities & Features

5 parking places
Stories
Three
Furnished
Partial
Roof
Pitch & Gravel
Construction
Hollow Tile
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Property Condition
Excellent
Parking
Assigned
nr.of parking places
5
Amenities
Resident Manager

Income

Net Operating Income: $203,607
Total Actual Rent
$23,192
Total Annual Operating Expenses
$64,179
Total Income
$267,786
Net Operating Income
$203,607

Waikiki prices

Average price $502.54k
Neighborhood average sales price*
$502.54k
Neighborhood median sales price*
$405.38k
Number or sales*
497
Street median sales price*
$405k
*last 6 months

Schools

15 schools with rating up to 9
School rating Distance
6
out of 10
President Thomas Jefferson Elementary School
324 Kapahulu Ave, Honolulu, HI 96815
Elementary School
0.09mi
9
out of 10
Waikiki Elementary School
3710 Leahi Ave, Honolulu, HI 96815
Middle School
0.179mi
NR
Hawaii School For The Deaf And Blind
3440 Leahi Ave, Honolulu, HI 96815
High School
0.237mi
School rating Distance
6
out of 10
President Thomas Jefferson Elementary School
324 Kapahulu Ave, Honolulu, HI 96815
0.09mi
NR
Jefferson School Orthopedic Unit
324 Kapahulu Ave, Honolulu, HI 96815
0.145mi
9
out of 10
Waikiki Elementary School
3710 Leahi Ave, Honolulu, HI 96815
0.179mi
NR
Hawaii School For The Deaf And Blind
3440 Leahi Ave, Honolulu, HI 96815
0.237mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.759mi
School rating Distance
9
out of 10
Waikiki Elementary School
3710 Leahi Ave, Honolulu, HI 96815
0.179mi
NR
Hawaii School For The Deaf And Blind
3440 Leahi Ave, Honolulu, HI 96815
0.237mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.759mi
NR
La Pietra Hawaii School For Girls
2933 Poni Moi Road, Honolulu, HI 96815
0.941mi
NR
St Patrick School
3320 Harding Avenue, Honolulu, HI 96816
1.07mi
School rating Distance
NR
Hawaii School For The Deaf And Blind
3440 Leahi Ave, Honolulu, HI 96815
0.237mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.759mi
2
out of 10
Kaimuki High School
2705 Kaimuki Ave, Honolulu, HI 96816
0.838mi
NR
La Pietra Hawaii School For Girls
2933 Poni Moi Road, Honolulu, HI 96815
0.941mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
1.12mi
Data provided by Greatschools.org

Price history

New Listing Jan 12, 2023
Date Event Price $/sqft Source
Jan 12, 2023 New Listing $4,950,000 $678.08 MLS #202300739
Jan 12, 2023 Cancelled $4,950,000 $678.08 MLS #202219222
Nov 17, 2022 Price Decrease $4,950,000 -5.71% $678.08 MLS #202219222
Sep 19, 2022 New Listing $5,250,000 +467.57% $719.18 MLS #202219222
Jan 23, 2002 Sold $925,000 $126.71 Public Record
Jan 23, 2002 Price Decrease $925,000 -15.05% $126.71 MLS #2107248
Jan 17, 2002 In Escrow - not showing $1,088,888 $149.16 MLS #2107248
Aug 23, 2001 Back On Market $1,088,888 $149.16 MLS #2107248
Aug 23, 2001 In Escrow - not showing $1,088,888 $149.16 MLS #2107248
Jul 23, 2001 Price Increase $1,088,888 +10.11% $149.16 MLS #2107248
Jul 19, 2001 New Listing $988,888 $135.46 MLS #2107248
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Activity

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Tax & MLS details 287 Wai Nani Way, HONOLULU, HI, 96815

X2 - Apartment Precinct zoning / MLS #202300739
Current Property Taxes p/month
$668
Property Tax Year
2022
Assessed Improvement value
$376,700
Assessed Land value
$1,915,200
TMK
1-2-6-028-043-0000
Land Recorded
Regular System
Zoning
X2 - Apartment Precinct
Flood Zone
Zone X
Topography
Level
Location
Inside
Lot Description
Clear
Property Setbacks
None
Total Assessed value
$2,291,900
Listed by
Commercial Inv. Strategies
(808) 429-1098
MLS #
202300739

Hawaii House tour report 287 Wai Nani Way, HONOLULU, HI, 96815

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Stunning views
Ocean views
Open floorplan
Needs Work
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Similar homes nearby 287 Wai Nani Way, HONOLULU, HI, 96815

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Frequently asked questions for 287 Wai Nani Way

When was this multi-family home built and last sold?

This house was build in 1963.

What is the full address of this multi-family home?

287 Wai Nani Way, HONOLULU, HI, 96815.

Are there beaches near 287 Wai Nani Way?

The nearest beach is 0.4 miles away, called Waikiki Beach. It should take about 7 min walk.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.Listings last updated on 01-31-2023. Copyright 2023 by HiCentral Mls, Ltd. Listing courtesy of Commercial Inv. Strategies. 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.

Multi-Family Home for sale $4,950,000 287 Wai Nani Way, HONOLULU, HI, 96815 7,300 sqft Save House Remove from Saved