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$4,895,000

  • For Sale
  • Under Contract
  • Multi-Family
  • 12 Total Beds
  • 12 Full Baths
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RARE FIND in super desirable Waialae neighborhood with excellent opportunity to value add and increase rents with 11,000sf B-2 zoned on TWO LOTS for flexible use. Convert comm to Resi and get use exemption to lower taxes, or convert Resi to office. Currently configured as 12 one beds with secure access and 6 comm units (2 units combine 2 spaces for 3 existing comm tenants, 1 unit used by owner for storage). All units separately metered for electric, one water meter, gas water heaters. Owned coin laundry. Resi AC owned by LL, maintained by tenants; comm AC owned and maintained by tenants. 10' setback.

Full Property Details for 3427 Waialae Ave

General

  • Price: $4,895,000
  • Taxes: $45,120
  • Status: Under Contract
  • Type: Multi-Family
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202517028
  • Updated: 12/22/2025
  • Added to Site: 167 day(s) ago

Rental Information

  • Complex Features: None

Interior

  • Furnishings: Partially
  • Flooring: Other

Rooms

Bathrooms

  • Total Bathrooms: 12
  • Full Bathrooms: 12

Bedrooms

  • Total Bedrooms: 12

Parking

  • Total Spaces: 20
  • Parking Features: Three or more Spaces

Location

  • Area: DiamondHd
  • County: Oahu
  • Subdivision: KAIMUKI

Community

  • Assoc. Fees Include: None

Utilities

  • Cable Available: Yes
  • Utility Description: Cable Available, Natural Gas Available, High Speed Internet Available, Sewer Available, Water Available

Structural Information

  • Architectural Style: Multiplex
  • Detached/Attached: Detached
  • Construction: Hollow Tile
  • Square Feet: 8,775
  • Living Area: 8,775 Sq. Ft.
  • Year Built: 1960
  • Property Condition: Good Condition, Updated/Remodeled

Lot Features

  • Property View: City, Mountain(s), Sunset
  • Mountain views: Yes
  • Lot Size: 11000
  • Topography: Level
  • Lot Features: Cleared, Interior Lot, Level
  • Zoning: 32 - B-2 Community Business Dis

Financial Considerations

  • Assessment Amount: $3,630,000
  • Tax Amount: $45,120

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: None
  • Disclosures/Reports: 1031 Exchange
  • Disclosures/Rstr.: 1031 Exchange
  • Property ID: 1-3-2-004-011-0000

Listed by Commercial Inv. Strategies

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Listing agent

— 3427 Waialae Ave —

  • Commercial Inv. Strategies

(808) 429-1098

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3427 Waialae Ave

School District:Hawaii Department of Education
NameGradesDistance
Aliiolani Elementary School
1240 7th Avenue, Honolulu, HI 96816
PK-50.2 mi
William P Jarrett Middle School
1903 Palolo Avenue, Honolulu, HI 96816
6-80.9 mi
Kaimuki High School
2705 Kaimuki Avenue, Honolulu, HI 96816
9-120.9 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 3427 Waialae Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/27/2025
Price Reduced
$4,895,000
-5.87%
MLS
8/03/2025
Listed
$5,200,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3427 Waialae Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$28,593
—
$2,319,700
1%
2023
$28,493
3%
$2,305,900
—
2022
$27,795
-2%
$2,297,800
3%
2021
$28,408
-2%
$2,241,500
-2%
2020
$29,054
3%
$2,291,000
-2%
2019
$28,179
—
$2,343,100
3%
2019
$28,179
3%
$2,272,500
3%
2018
$27,446
4%
$2,213,400
4%
2017
$26,431
10%
$2,131,500
10%
2016
$24,137
7%
$1,946,500
7%
2015
$22,536
7%
$1,817,400
4%
2013
$20,970
—
$1,742,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Listed by Commercial Inv. Strategies

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3427 Waialae Avenue, Honolulu, HI 96816 (MLS# 202517028) is a Multi-Family property with units containing 12 bedrooms and 12 full bathrooms. 3427 Waialae Avenue is currently listed for $4,895,000 and was received on August 03, 2025. Want to learn more about 3427 Waialae Avenue? Do you have questions about finding other Multi-Family real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.

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