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Ohana
* Second home allowed on either a residential or an agricultural zoned property.
Surf
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Waikiki Multi-Family Homes for sale

6 multi-family home for sale

Multi-Family Home
$2,899,000
Great Waikiki investment property! Don't miss this opportunity to own this very nice property on a quiet one-way street in a prime area. The area offers many conveniences, such as shops, grocery stores, and restaurants, and is just a short walk to the beach. There have been many upgrades for efficiency, including plumbing, electrical, tankless water heaters, and windows. The property is completely fenced for security, including an updated automatic driveway gate. There are also four standard-size parking stalls in the back of the property and coin-operated laundry units, which offer additional income. The property is currently 100% tenant-occupied. Please do not visit the property without an appointment or disturb the tenants. * Info provided may not match Tax Records. Partial seller financing may be available.
Multi-Family Home
$2,700,000
INCREDIBLE CASHFLOW OPPORTUNITY IN WAIKIKI priced at only $150,000 per unit. 18 solid concrete renovated units with 18 parking stalls on a total of 12,914 SF of land in world-famous Waikiki. The property has no trouble staying rented, and Waikiki typically has higher rent appreciation than other neighborhoods due to the year-round global demand. This property is leasehold with 40 years remaining on the ground lease and 15 years of known rent, making it financeable and eligible for a 1031 exchange. Ideal for a buyer looking to achieve a great return on their money for at least the next 40 years. Separately metered for electricity and tenants are billed back for water.
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Multi-Family Home
$4,250,000
Prize property completely renovated with stellar income in Waikiki. Look no further for a turn-key investment in the heart of Waikiki with excellent walkability scores--shops and restaurants, transportation, and world-famous Waikiki Beach, blocks from this gem. Eleven one-bedroom units meticulously refurbished for maximum rentability and 100% occupied. All units separately metered for electricity and tenants pay their own. Owned coin laundry. Add'l income from parking fee included in rent. Buyer to accept existing survey to be provided in due diligence package with accepted offer.
$5.15m  $130,000
Waikiki
287 Wai Nani Way, Honolulu
Multi-Family Home
$5,150,000  $130,000
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.
Virtual Tour
$3.35m  $150,000
Waikiki
303 Wai Nani Way, Honolulu
Multi-Family Home
$3,350,000  $150,000
Once in a lifetime opportunity to own one of the largest single parcel, fee simple, apartment zoned properties in Waikiki--one of Hawaii's most important real estate markets. Only 12 fee simple Waikiki properties over 7,000 sq. ft. have been registered as sold on the MLS in the past 3 decades. Conveniently located on a quiet residential street on the Diamond Head side of Waikiki, this spacious & level lot boasts 4 single family homes. Each 3BD/1BA home is approx. 747 sq. ft. & is separately metered for electricity & water. Each home has its own full size washer/dryer & parking stall (5 stalls total for 6 cars, 1 stall is tandem). These tastefully upgraded vintage Waikiki Plantation homes with entryway patios & soaring 9 foot ceilings were built in 1939 & collectively evokes the charms of yesteryear Waikiki. Featured on Magnum PI! EXCELLENT income property, but development & renovation opportunities abound for its next chapter. Its superior location puts you within moments to world famous Waikiki Beach & various dining, entertainment, & employment options throughout Waikiki, Kakaako, & metro Honolulu. Buyers to complete all due diligence that they may deem material. Sold AS-IS.
$5.3m  $200,000
Waikiki
254 Kaiulani Ave, Honolulu
Multi-Family Home
$5,300,000  $200,000
The Darlani is a charming building with a timeless, stunning tile facade in the heart of Waikiki with excellent income and covered parking. All units are separately metered for electric, one water meter, hollow tile construction, and nice, spacious units, each with its own patio/balcony. Huge penthouse with three beds and 14 one-bedrooms with 4 rentable parking spaces means this property has huge rental potential. Railings just redone, and building sparkles with pride of ownership. Coin laundry with owned machines for extra income.
1 – 6 of 6 homes for sale
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Lifestyle & outdoors In Waikiki

40 surf spots in this area

Diamond Head Cliffs
Type: surfing
paddle out to Old Mans
Type: surfing
Paddle out from here
No Place
Type: surfing
Only breaks on big West swells. Inside reef will scar you.
Publics
Type: surfing
Graveyards
Type: surfing
Mostly bodyboarders, bigger days you'll see a couple surfers out here.
Queens
Type: surfing
Canoes
Type: surfing
Populars
Type: surfing
Threes
Type: surfing
Fours
Type: surfing
Rock Piles
Type: surfing
Kaisers
Type: surfing
Break
Type: surfing
Bowls
Type: surfing
Bomboras
Type: surfing
When the big swells hit, this thick and mellow break appears.
Baby Haleiwa's
Type: surfing
Big Rights
Type: surfing
Concessions
Type: surfing
Right and Left breaking waves - good at 2-4 four feet upwards.
Kewalos
Type: surfing
Kewalos
Type: surfing
Kewalos
Type: surfing
Point Panics
Type: surfing
In betweens
Type: surfing
Incinerators
Type: surfing
Flies
Type: surfing
Kaikoos Inside Left
Type: surfing
The Wall
Type: body-surfing
Waikiki, Honolulu 1-5
Point Panic
Type: body-surfing
Kaka'ako, Honolulu 1-5 Dangerous rocks and reef bottom
Ala Moana Bowls
Type: surfing
Canoes
Type: surfing
Kewalos Overview
Type: surfing
Populars
Type: surfing
Publics
Type: surfing
Queen's
Type: surfing
Rockpiles
Type: surfing
South Shore - Ala Moana Park
Type: surfing
Three's
Type: surfing
Waikiki - Kapiolani Park
Type: surfing
Waikiki Beach
Type: surfing
Waikiki Beach Overview
Type: surfing

50 parks in this area

doughnut

Frank C. Judd Mini Park

Crane Community Park

Ala Wai Neighborhood Park

doughnut

Piikoi Street Mini Park

Kamanele Square

Thomas Square

Punahou Square

Makiki District Park

Palolo Valley District Park

Kawaiahao Mini Park

Cartwright Neighborhood Park

Mother Waldron Neighborhood Park

Wilder Avenue Mini Park

Sheridan Community Park

Kalaepohaku Neighborhood Park

Makua Alii Senior Citizen's Center

Kakaako Waterfront Park

Moiliili Neighborhood Park

Kanewai Community Park

Old Stadium Park

McCully District Park

Kewalo Basin Park

Isenberg Street Community Garden

Isenberg Street Community Garden

Pukele Avenue Mini Park

Kaaha Street Mini Park

Ala Wai Promenade

Ala Wai Community Park

Date Street Mini Park

Ala Wai Golf Course

Kaimuki Community Park

King Kalakaua Park

Paoa Place

Duke Paoa Kahanamoku Beach Park

Beach Walk Triangle

Kalia Road

Puu O Kaimuki Mini Park

Princess Kaiulani Triangle

Kuhio Avenue Mini Park1

Kuhio Beach Park

Kilauea District Park

Diamond Head State Monument

doughnut

doughnut

doughnut

doughnut

doughnut

Ala Moana Regional Park

10 beaches in this area

Duke Paoa Kahanamoku Beach Park

Kaimana beach

Ala Moana Beach

Magic Island lagoon

Queen's Surf Beach

Waikiki Beach

Unnamed beach

Unnamed beach

Diamond Head Beach

Duke Kahanamoku Lagoon Boardwalk

2 golf courses in this area

Ala Wai Golf Course

Unnamed golf

Essentials in Waikiki

Supermarket is about 4 min walk
Farmers market is about 17 min walk
Hospital is about 4 min drive
Airport is about 16 min drive
Costco is about 16 min drive
* distance is calculated by average per house. Some homes maybe closer to the essentials

Walkability in Waikiki

15 / 20
Very walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Schools nearby Waikiki

7 /10
GreatSchools.org
Rating
President Thomas Jefferson Elementary School
324 Kapahulu Ave, Honolulu, HI 96815
7 /10
GreatSchools.org
Rating
Waikiki Elementary School
3710 Leahi Ave, Honolulu, HI 96815
5 /10
GreatSchools.org
Rating
King William Lunalilo Elementary School
810 Pumehana St, Honolulu, HI 96826
2 /10
GreatSchools.org
Rating
Ala Wai Elementary School
503 Kamoku St, Honolulu, HI 96826
8 /10
GreatSchools.org
Rating
Kaimuki Middle School
631 18th Ave, Honolulu, HI 96816
7 /10
GreatSchools.org
Rating
Waikiki Elementary School
3710 Leahi Ave, Honolulu, HI 96815
6 /10
GreatSchools.org
Rating
President George Washington Middle School
1633 South King St, Honolulu, HI 96826
3 /10
GreatSchools.org
Rating
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
School ratings provided by Greatschools.org © 2023. All rights reserved.

Living in Waikiki Waikiki is a neighborhood in the Honolulu district of Oahu.

Supermarkets are about 4 min walk, the nearest Hospital is about 4 min drive and the airport is about 16 min drive.

Waikiki is very walkable.

There are 50 parks in this area, and 10 public beaches. Nearby lifestyles include surfing, body surfing and golf.

Housing Market Trends for Waikiki

There are currently 485 real estate listings for sale in Waikiki. This includes homes, condos, multi-family homes, and vacant land.
The average listing price in Waikiki for condos is $668,523 and for homes is $3,088,976. The median sales price for Waikiki over the last 90 days is $439,000, a 5% increase of $20,000 year over year. If we break this down per property types we see that the median sales price for homes is $0 and for condos $439,000.
The number of sales in the last 60 days are 186. The average days Waikiki properties stay on the market before being sold is 109 days.

Waikiki is a neighborhood located in the
Honolulu
district on the island of
Oahu
.

Average Listing Price Waikiki for condos & homes

Median Sales Price Waikiki for condos & homes

Number Of Sales Waikiki for condos & homes

* information deemed reliable, but not guaranteed
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