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287 Wai Nani Way, Honolulu, HI 96815

$5,150,000 ▼ $130,000 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

About lifestyles

Trophy Property located on a non-through street blocks from famous Waikiki Beach, this beautiful building is a quiet neighborhood oasis. All units have nice lanai/balcony space for tradewind breezes and lots of natural light. New paint and brand new roof with warranty means excellent income and fantastic return! All units have been renovated, and all parking is covered. 100% occupied at market rents, so easy to 'plug and play' with your own management team. Tenants pay separately metered electricity, AND water, so your monthly expenses are WAY lower than normal. Nice, covered laundry area w machines leased by WASH; agreement expires 6/2024.

Multi-family details

1963 year built

Year Built 1963
Year Remodeled 2022
Original list price $5,280,000
Days on market 177
Building type Apartments,Multi Dwellings
Price per sqft $705/sqft
Address
287 Wai Nani Way, Honolulu, HI, 96815
Frontage Other
Neighborhood Waikiki
Land tenure FS - Fee Simple
Land SqFt 5,760 sqft
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Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments

Mortgage

$26,259

Taxes

$693

HOA dues

Mortgage

Last listprice

Down payment

$1,030,000 / 20%

Interest rate

6.58%

Loan type

30 years

Your amount $26,259 / month

Taxes

Property taxes

$693 / month

Estimated tax $693 / month

Property tax figures are deemed reliable but not guaranteed. All property tax information needs to be verified by the buyer.

No HOA dues

Neighborhood: Waikiki

Oahu

Honolulu

Waikiki

Nearby & commute

Walkability

Coffee shops

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no data

Bus stop

—

no data

Supermarket

—

no data

Costco

—

no data

Hospital

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no data

Park

—

no data

Beach

—

no data

Elementary school

—

no data

Middle school

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no data

High school

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no data

Local airport

—

no data

13.33 / 20

Somewhat 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

13 total units

# of 1 Bd

# of 2 Bd

# of 3 Bd

Total Units

Amenities & Features

5 parking places

Stories

Three

Furnished

Partial

Roof

Custom/Specialty

Construction

Hollow Tile

Utilities

Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water

Property Condition

Excellent

Parking

Assigned

nr.of parking places

Amenities

None

Income

Net Operating Income: $294,887

Total Actual Rent

$28,351

Total Annual Operating Expenses

$48,625

Total Income

$343,512

Net Operating Income

$294,887

Waikiki prices

Average price $252.5k

Neighborhood average sales price*

$252.5k

Neighborhood median sales price*

$252.5k

Number or sales*

Street median sales price*

$252.5k

*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 with rating up to 7

School rating		Distance
7 out of 10	President Thomas Jefferson Elementary School 324 Kapahulu Ave, Honolulu, HI 96815 Elementary School	0.09mi
7 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
7 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
7 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
7 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

Price history

Price Decrease Feb 9, 2024

Date	Event	Price	$/sqft	Source
Feb 9, 2024	Price Decrease	$5,150,000 -2.46%	$705.48	MLS #202324401
Oct 25, 2023	New Listing	$5,280,000	$723.29	MLS #202324401

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

X2 - Apartment Precinct zoning / MLS #202324400

Current Property Taxes p/month

$693

Property Tax Year

2024

Assessed Improvement value

$908,900

Assessed Land value

$2,207,500

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

$3,116,400

Listed by

Commercial Inv. Strategies
(808) 429-1098

MLS #

202324400

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 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 0.321 miles away, called Waikiki Beach. It should take about 7 min walk.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 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.

Listings last updated on March 18, 2024.
Hawaii House Last checked 1 minute ago.

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$5,150,000

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