Date
Details
Price
Change
Source
9/09/2025
Listed
$4,880,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/25
$4,880,000
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1/25
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.
Full Property Details
Full Property Details for 287 Wai Nani Way
General
- Price: $4,880,000
- Taxes: $10,367
- Status: Active
- Type: Apartment
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202519531
- Updated: 10/14/2025
- Added to Site: 131 day(s) ago
Rental Information
- Complex Features: None
Interior
- Appliances: Dryer, Washer
- Furnishings: Partially
Rooms
Other Rooms
- Laundry: Coin-operated
Parking
- Total Spaces: 7
- Parking Features: Assigned, Covered, Tandem
Location
- Area: Metro
- County: Oahu
- Subdivision: WAIKIKI
School Information
- Elementary School: Jefferson
- Middle School: Washington
- High School: Kaimuki
Utilities
- Sewer: Connected
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Underground Utilities, Water Available, Sewer Connected
Structural Information
- Structure Type: Apartment
- Detached/Attached: Detached
- Construction: Hollow Tile
- Square Feet: 7,300
- Year Built: 1963
- Property Condition: Excellent
Lot Features
- Property View: City
- Lot Size: 5760
- Topography: Level
- Lot Features: Cleared, Level
- Zoning: X2 - Apartment Precinct
Financial Considerations
- Operating Expenses: $50,269
- Assessment Amount: $2,962,200
- Tax Amount: $10,367.76
- Tenant Pays: Cable TV, Electricity
Disclosures and Reports
- Special Conditions: None
- Disclosures/Reports: 1031 Exchange, Owner Is Listing Agent
- Disclosures/Rstr.: 1031 Exchange, Owner Is Listing Agent
- Property ID: 1-2-6-028-043-0000
Listed by Real Estate Strategies, LLC and Collective Hawaii RE
We Value Your Privacy
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We Value Your Privacy
Listing agents
— 287 Wai Nani Way —
Real Estate Strategies, LLC
Collective Hawaii RE
(808) 284-1010
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 287 Wai Nani Way
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
President Thomas Jefferson Elementary School 324 Kapahulu Avenue, Honolulu, HI 96815 | PK-5 | 0.1 mi |
President George Washington Middle School 1633 South King Street, Honolulu, HI 96826 | 6-8 | 1.8 mi |
Kaimuki High School 2705 Kaimuki Avenue, Honolulu, HI 96816 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 287 Wai Nani Way
Tax History
Tax History for 287 Wai Nani Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,907
31%
$2,962,200
-5%
2023
$8,321
4%
$3,116,400
31%
2022
$8,022
—
$2,377,400
4%
2022
$8,022
-1%
$2,291,900
-1%
2021
$8,108
—
$2,316,600
3%
2021
$8,108
6%
$2,247,200
3%
2019
$7,666
1%
$2,190,200
1%
2018
$7,572
2%
$2,163,300
2%
2017
$7,440
7%
$2,125,700
7%
2016
$6,928
3%
$1,979,400
3%
2015
$6,718
6%
$1,919,300
3%
2013
$6,318
—
$1,860,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 287 Wai Nani Way
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,092Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 3Total Baths
- 2,110Sq. Ft.
- Townhouse
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 1,424Sq. Ft.
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- Condo
- Active
- Updated 11 hours ago
- 3Beds
- 2Total Baths
- 1,405Sq. Ft.
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- Single Family
- Closed
- 4Beds
- 5Total Baths
- 4,119Sq. Ft.
Listed by Tracy Allen (Lic#: RS-46610)
Sold by Beth Chang (Lic#: RB-14022)
Sold by Beth Chang (Lic#: RB-14022)
287 Wai Nani Way, Honolulu, HI 96815 (MLS# 202519531) is a Apartment property with 0 bedrooms and 0 full bathrooms. 287 Wai Nani Way is currently listed for $4,880,000 and was received on September 09, 2025. Want to learn more about 287 Wai Nani Way? Do you have questions about finding other Apartment real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.