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Intelligence for Modern Real Estate

Honolulu Board of REALTORS®. Information herein is deemed reliable but not guaranteed and should be independently verified. Copyright HiCentral MLS, Ltd. Listing information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

254 Kaiulani Avenue | $4,900,000 | Compass
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Exterior4Living Areas5Kitchen5Bedrooms5Bathrooms3Other3

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$4,900,000

Fee SimpleFee Simple (from MLS lease data)Active

254 Kaiulani Avenue

0

Bathrooms

1960

Year built

CommercialSaleIndustrial218 days on market

Quick questions for Kai

About this property

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 m...

Property details

Property typeCommercialSale
Sub-typeIndustrial
Land tenureFee SimpleFrom MLS lease data
Year built1960
Days on market218
Listing key1152634099

Facts and features

Land tenure

Tenure and lease

  • Land tenure: Fee SimpleFrom MLS lease data

Interior

Bedrooms and bathrooms

  • Bathrooms: 0

Features

  • Flooring: Other
  • Cooling: None

Interior area

  • Total structure area: 6,872

Neighborhood

Location and Nearby

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Price History

DateEventPrice$/sqft
Mar 2, 2026Listed$4,900,000N/A

Source: MLS. Price history may not reflect all events for this property.

Tax History

YearTaxAssessmentLandImprovementsRate
2026$10,608$3,030,900N/AN/A0.35%

Tax data shown is an estimate. Verify with your county assessor for exact figures.

Neighborhood Demographics

Honolulu (ZIP 96815). Source: US Census ACS 2022 5-year estimates.

Median Income

$72,317

Median Age

46.9 years

Population

27K

Population by Age Group

Education Levels

Bachelor's
26%
Graduate
21%
Some College
19%
High School
18%
Associate's
11%
No Diploma
5%

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Quick facts

Price
$4,900,000
Beds / Baths
? bd · 0 ba
Living area
N/A
Type
Industrial
On market
218 days

No impact to your credit score

Listing courtesy of Cannie Chum, Locations LLC

Data provided by HICMLS

Last updated Oct 14, 2026

Honolulu Board of REALTORS®

Information herein is deemed reliable but not guaranteed and should be independently verified. Copyright HiCentral MLS, Ltd. Listing information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

$4,900,000

0

Grocery

Restaurants and cafes

Shopping

Schools

Parks and recreation

Transit

Healthcare

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Walkability

Suburban

Suburban. Some walkability, mostly car-dependent.

Based on 22,962 housing units, 2.3 sq mi, ~10,156 units per sq mi for ZIP 96815. Source: US Census ACS 2022 and Gazetteer.

Listing timeline

Listed for sale

Mar 31, 2026

Original list price: $4,900,000

First week on market

Apr 7

The property enters the active pool for serious buyers.

Price adjustment

Apr 21

Reduced by $147,000 to $4,753,000

218 days on market

Today

Extended time on market. The seller may be motivated.

Condominium, at 1388 Ala Moana Boulevard 5305, 3 bd, 4 ba, 2,648 sqft (photo 1 of 10)
1 / 10
Active
25 photos

$9,500,000

FSFee Simple (from MLS lease data)

Est. $61,960/mo

3 bd4 ba2,648 sqft

1388 Ala Moana Boulevard 5305

Honolulu, HI 96814

Condominium

Listing courtesy of Coldwell Banker Realty

SingleFamilyResidence, at 2124 Eheu Street, 4 bd, 5 ba, 2,749 sqft (photo 1 of 10)
1 / 10
Active
25 photos

$1,650,000

FSFee Simple (from MLS lease data)
4 bd5 ba
Condominium, at 1777 Ala Moana Boulevard 1528, 1 bd, 1 ba, 500 sqft (photo 1 of 10)
1 / 10
Active
23 photos
1 day

$749,000

FSFee Simple (from MLS lease data)
1 bd
Condominium, at 2450 Prince Edward Street 801A, 0 bd, 1 ba, 286 sqft (photo 1 of 10)
1 / 10
Active
14 photos

$119,000

LH · ends 2033Leasehold · Lease rent $332.91/mo · Lease ends 02/28/2033 (from MLS lease data)
0 bd1 ba
Condominium, at 1556 Piikoi Street 1201, 1 bd, 1 ba, 537 sqft (photo 1 of 10)
1 / 10
Active
16 photos

$379,000

FSFee Simple (from MLS lease data)

Est. $2,472/mo

1 bd1 ba
Condominium, at 987 Queen Street 1903, 1 bd, 1 ba, 473 sqft (photo 1 of 10)
1 / 10
Active
25 photos

$689,000

FSFee Simple (from MLS lease data)

Est. $4,494/mo

1 bd1 ba

Contact your agent

Jen Suiso Ishii

Jen Suiso Ishii

Realtor

View profile
(808) 722-2341jennifer.ishii@compass.com
2,749 sqft

2124 Eheu Street

Honolulu, HI 96817

SingleFamilyResidence

Listing courtesy of KMJ Realty LLC

1 ba
500 sqft

1777 Ala Moana Boulevard 1528

Honolulu, HI 96815

Condominium

Listing courtesy of Locations LLC

286 sqft

2450 Prince Edward Street 801A

Honolulu, HI 96815

Condominium

Listing courtesy of Faith Naluai, LLC

537 sqft

1556 Piikoi Street 1201

Honolulu, HI 96822

Condominium

Listing courtesy of AMG Realty Inc

473 sqft

987 Queen Street 1903

Honolulu, HI 96814

Condominium

Listing courtesy of Locations LLC