# 254 Kaiulani Avenue, Honolulu, HI 96815

> **TL;DR:** residential multi family, $4,900,000, built 1960. Est. $21,233/mo. Listed 91 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $4,900,000 |
| Year Built | 1960 |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 91 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $21,233 |
| **Total** | **$21,233** |

## Nearby Schools

- **Elementary:** Jefferson
- **Middle:** Washington
- **High:** Kaimuki

## Property Highlights

- Built in 1960
- 3 stories
- 4 parking spaces

## Description

### Agent Description
Rarely available apartment building in Waikiki, offering strong income potential and long-term value in one of Honolulu's most desirable rental markets. Current rents are below market, creating excellent upside potential. This well-maintained solid hollow-tile structure features a classic tiled exterior and covered parking. Each unit is individually metered for electricity with a shared water meter. 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, modernized bathrooms, and newly refurbished railings. Additional monthly revenue is generated from leased coin-operated laundry machines and parking income. Pro forma rental income analysis is available. In 2025, the entire property underwent a plumbing inspection and repair process.

## Location

- **Address:** 254 Kaiulani Avenue, Honolulu, HI 96815
- **County:** Oahu
- **Neighborhood:** WAIKIKI
- **Coordinates:** 21.278575, -157.822941
- **Google Maps:** https://www.google.com/maps?q=21.278575,-157.822941

## Listing Agent

- **Name:** Cannie Chum
- **Brokerage:** Locations LLC
- **Phone:** 8087354200
- **Email:** canniechum@gmail.com

## Primary Photo

![254 Kaiulani Avenue - Primary Photo](http://lh.rdcpix.com/ad251719877dc9542a4fe8f9b874edc5l-f223477778r.jpg)

*25 total photos available on [listing page](https://www.propertysimple.com/listing/254-kaiulani-avenue-honolulu-hi-96815-02603620)*

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**MLS#:** 202603620 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/254-kaiulani-avenue-honolulu-hi-96815-02603620)

---

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