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287 Wai Nani Way, Honolulu, HI 96815

Local realty services provided by:CENTURY 21 Island Homes
287 Wai Nani Way,Honolulu, HI 96815
$4,880,000
  • - Beds
  • - Baths
  • 7,300 sq. ft.
  • Multi-family
  • Active
Listed by: julian young, pauline c michelman(808) 284-1010
Office: real estate strategies, llc.
MLS#:202519531
Source:HI_HBR

Price summary

  • Price:$4,880,000
  • Price per sq. ft.:$668.49

About this home

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

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Home facts

  • Year built:1963
  • Listing ID #:202519531
  • Added:100 day(s) ago
  • Updated:December 17, 2025 at 04:10 PM

Rooms and interior

  • Living area:7,300 sq. ft.

Structure and exterior

  • Year built:1963
  • Building area:7,300 sq. ft.
  • Lot area:0.13 Acres

Schools

  • High school:Kaimuki
  • Middle school:Washington
  • Elementary school:Jefferson

Utilities

  • Water:Public
  • Sewer:Connected

Finances and disclosures

  • Price:$4,880,000
  • Price per sq. ft.:$668.49
  • Tax amount:$10,368
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on December 17, 2025. Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd.

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