Active

$225,000

509 University Ave APT 504, Honolulu, HI 96826

2beds

705sqft

$2,837/mo

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Condominium

Built in 1961

-- sqft lot

$220,400 Zestimate^®

$319/sqft

$1,359/mo HOA

What's special

Dedicated parkingPet-friendly secured elevator buildingExcellent natural lightFunctional two-bedroom layout

Desirable CORNER 2-bedroom, 1-bath end unit with excellent natural light, cross-ventilation, and expansive views toward Waikiki, Diamond Head, Ala Wai Canal, and Ala Wai Park. This FEE-SIMPLE unit offers a functional two-bedroom layout, lanai, dedicated parking, and private storage in a well-located Honolulu condominium. Enjoy easy access to 'Iolani School, Ala Wai Elementary School, paddling clubs, University of Hawaii, Ala Wai Golf Course, Ala Wai Park, and Ala Wai Dog Park. Ala Wai Cove is a PET-FRIENDLY secured elevator building with a welcoming pet policy–a rare find for the owners of larger four-legged companions. Newer building windows provide added comfort and value. Bring your ideas and make this spacious residence your own. The highly-motivated seller will carefully consider all offers and is offering a flooring credit to the buyer at closing.

16 days
763
29

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Features

Bedroom on Main Level, Full Bath on Main Level, Storage, Single Living Level
Flooring: Carpet, Ceramic Tile
Common walls with other units/homes: End Unit

Interior area

Total structure area: 798
Total interior livable area: 705 sqft

Property

Parking

Total spaces: 1
Parking features: Assigned, Garage, One Space
Has garage: Yes
Has uncovered spaces: Yes

Features

Levels: Three Or More,One
Has view: Yes
View description: Canal, City, Golf Course, Garden, Mountain(s), Other, Sunset, Sunrise
Has water view: Yes
Water view: Canal

Details

Parcel number: 1270130110033
Zoning description: 13 - A-3 High Density Apartment
Special conditions: None

Construction

Type & style

Home type: Condo
Architectural style: High Rise
Property subtype: Condominium

Materials

Brick, Double Wall, Masonry, Concrete, Stucco

Condition

Average Condition
New construction: No
Year built: 1961

Community & HOA

Community

Features: Laundry Facilities, Other, Storage Facilities, Trash Chute, Gated
Security: Closed Circuit Camera(s), Gated Community, Key Card Entry
Subdivision: Kapiolani

HOA

Amenities included: Management
Services included: Common Areas, Hot Water, Water
HOA fee: $1,359 monthly

Location

Region: Honolulu

Financial & listing details

Price per square foot: $319/sqft
Tax assessed value: $394,800
Annual tax amount: $1,380
Date on market: 10/20/2026
Inclusions: Drapes, Range/Oven, Refrigerator

Estimated market value

$220,400

$209,000 - $231,000

$2,501/mo

Price history

Date	Event	Price
10/21/2026	Listed for sale	$225,000-9.6%$319/sqft
Source: HiCentral MLS #202619663 Report a problem
7/10/2026	Listing removed	$249,000$353/sqft
Source: HiCentral MLS #202607529 Report a problem
6/25/2026	Price change	$249,000-7.4%$353/sqft
Source: HiCentral MLS #202607529 Report a problem
4/15/2026	Listed for sale	$269,000$382/sqft
Source: HiCentral MLS #202607529 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$1,382 -8%	$394,800 -8%
2025	$1,502 -0.8%	$429,100 -0.8%
2024	$1,514 +7.4%	$432,600 +7.4%
2023	$1,410 +5.3%	$402,900 +5.3%
2022	$1,339 +1.7%	$382,700 +1.7%
2021	$1,317 +54.4%	$376,200 -1.9%
2020	$853 -4.7%	$383,600 +2.1%
2019	$895 -1.9%	$375,700 -1.3%
2018	$912 +5.2%	$380,700 +3.5%
2017	$867 +5.2%	$367,700 +3.4%
2016	$824 +8.4%	$355,500 +5.4%
2015	$760 +20.4%	$337,200 +4.8%
2014	$631	$321,900