Skip main navigation
Active
    • $4,900,000

    254 Kaiulani Ave, Honolulu, HI 96815

    --beds
    0baths
    --sqft
    : 
    $28,670/mo
    Get pre-qualified
    Multi Family
    Built in 1960
    -- sqft lot
    $4,416,000 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Modernized bathroomsCovered parkingClassic tiled exteriorGenerous interior spaceNewly refurbished railingsUpdated kitchensDurable high-quality tile flooring
    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.
    158 days
    |
    191
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Cannie Chum 808-772-9680,

    Locations LLC

    Source: HiCentral MLS,MLS#: 202603620MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0

      Property

      Parking
      • Total spaces: 4
      • Parking features: Assigned, Covered, Open
      • Has uncovered spaces: Yes
      Features
      • Levels: Three Or More
      • Has view: Yes
      • View description: None
      • Frontage type: Other
      Lot
      • Features: Other, Level
      • Topography: Level
      Details
      • Parcel number: 1260210140000
      • Zoning description: X2 - Apartment Precinct
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Hollow Tile, Concrete
      Condition
      • Excellent
      • Year built: 1960

      Utilities & green energy

      • Sewer: Connected
      • Water: Public
      • Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected

      Community & HOA

      Community
      • Features: None
      • Subdivision: Waikiki
      Location
      • Region: Honolulu

      Financial & listing details

      • Tax assessed value: $3,030,900
      • Annual tax amount: $10,608
      • Date on market: 3/2/2026
      • Total actual rent: 23675
      • Tenant pays: Cable TV, Electricity, Parking Fee

        Estimated market value

        $4,416,000

        $4.20M - $4.64M

        $2,279/mo

        Price history

        DateEventPrice
        8/1/2026Listing removed$1,600
        Source: Zillow Rentals Report a problem
        6/17/2026Price change$1,600-3%
        Source: Zillow Rentals Report a problem
        5/28/2026Listed for rent$1,650+8.2%
        Source: Zillow Rentals Report a problem
        10/17/2024Listed for sale$4,900,000
        Source: HiCentral MLS #202423781 Report a problem
        10/9/2024Listing removed$4,900,000
        Source: HiCentral MLS #202411849 Report a problem
        9/7/2024Price change$4,900,000-3.9%
        Source: HiCentral MLS #202411849 Report a problem
        5/24/2024Listed for sale$5,100,000-3.8%
        Source: HiCentral MLS #202411849 Report a problem
        5/24/2024Listing removed$5,300,000
        Source: HiCentral MLS #202319069 Report a problem
        10/27/2023Price change$5,300,000-3.6%
        Source: HiCentral MLS #202319069 Report a problem
        8/12/2023Listed for sale$5,500,000-5.2%
        Source: HiCentral MLS #202319069 Report a problem
        7/10/2023Listing removed$5,800,000
        Source: HiCentral MLS #202313470 Report a problem
        6/13/2023Listed for sale$5,800,000+504247.8%
        Source: HiCentral MLS #202313470 Report a problem
        10/19/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        9/19/2022Price change$1,525-4.7%
        Source: Zillow Rental Manager Report a problem
        8/29/2022Price change$1,600+3.2%
        Source: Zillow Rental Manager Report a problem
        8/19/2022Listed for rent$1,550+34.8%
        Source: Zillow Rental Manager Report a problem
        10/30/2013Listing removed$1,150
        Source: RealEstateShows.com Report a problem
        10/26/2013Listed for sale$1,150-100%
        Source: RealEstateShows.com Report a problem
        12/16/2011Listing removed$1,150
        Source: Rental Solutions Report a problem
        11/18/2011Price change$1,150-3.8%
        Source: Rental Solutions Report a problem
        9/29/2011Price change$1,195-43.1%
        Source: Rental Solutions Report a problem
        8/25/2011Price change$2,100+75%
        Source: Rental Solutions Report a problem
        8/10/2011Price change$1,200+9.1%
        Source: Rental Solutions Report a problem
        7/9/2011Price change$1,100+4.8%
        Source: Rental Solutions Report a problem
        6/24/2011Listed for rent$1,050
        Source: Rental Solutions Report a problem
        7/6/2009Sold$2,562,500+16.5%
        Source: Public Record Report a problem
        7/13/2005Sold$2,200,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,608 +0.7%$3,030,900 +0.7%
        2024$10,536 +1.6%$3,010,200 +1.6%
        2023$10,367 +36.7%$2,962,000 +36.7%
        2022$7,583 -1.5%$2,166,500 -1.5%
        2021$7,697 +1.8%$2,199,100 +1.8%
        2020$7,558 +1.5%$2,159,500 +1.5%
        2019$7,443 +1.3%$2,126,600 +1.3%
        2018$7,344 +3.6%$2,098,300 +3.6%
        2017$7,089 +6.8%$2,025,500 +6.8%
        2016$6,641 +4.3%$1,897,300 +4.3%
        2015$6,365 $1,818,500 +3.8%
        2014-- $1,752,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: Waikiki

        Getting around

        89 / 100
        Very Walkable
        63 / 100
        Good Transit
        98 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Jefferson
        • Middle: Washington
        • High: Kaimuki

        Source: HiCentral MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Honolulu Topics

                Search
                Updates
                Favorites
                Plan
                Inbox