287 Wai Nani Way, Honolulu, HI 96815
- $4,750,000
- Sold Price
- $4,750,000
- List Price
- $4,980,000
- Status
- CLOSED
- Type
- Multifamily
- MLS#
- 202519531
- Days on Market
- 237
- Closing Date
- May 04, 2026
- Land Area
- 5,760
- Year Built
- 1963
- Property Type
- Residential
- Neighborhood
- Waikiki
- Land Tenure
- FS - Fee Simple
Property Description
Exceptional rental income and low operating costs make this a rare investment opportunity in Waikiki’s residential neighborhood. This turnkey 3-story walk-up comprises 13 units: nine 2BD/1BA plus four 1BD/1BA, each with a private lanai. Well-kept and low-maintenance, the property is positioned in one of Honolulu’s most reliable rental markets. Features include community coin-operated laundry, individual electrical metering for tenant-paid power. Parking is available with a three-car front carport, plus two tandem spaces in a secondary carport accessed via the driveway. Units have been updated upon turnover, ensuring the building remains in excellent condition with strong occupancy, consistent rental income, and long-term tenants. Set in the quieter, less trafficked section of Waikiki, residents enjoy walkable access to world-class beaches, dining, shopping, and recreation, as well as convenient transit connections. This combination of stable income, efficient operations, and an unbeatable location makes the property a standout investment in Honolulu’s steady multifamily market.
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Additional Information
- Island
- Oahu
- Utilities
- Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Underground Utilities, Water Available, Sewer Connected
- View
- City
- Elementary School
- Jefferson
- Middle School
- Washington
- High School
- Kaimuki
- Lot Size
- 5,760
- Construction Materials
- Hollow Tile
- Neighborhood
- Waikiki
- Furnished
- Partially
- Year Built
- 1963
- Sewer
- Connected
- Parking Features
- Assigned, Covered, Tandem
- Lot Features
- Cleared, Level
- Assessed Total
- 2962200
- Water
- Public
Mortgage Calculator
Listing courtesy of Real Estate Strategies, LLC. Selling Office: Ohana Investment Realty LLC.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Contact: (808) 284-1010