About 287 Wai Nani Way
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.
Features of 287 Wai Nani Way
| MLS® # | 202519531 |
|---|---|
| Price | $4,880,000 |
| Land Tenure | FeeSimple |
| Bathrooms | 0.00 |
| Acres | 0.13 |
| Year Built | 1963 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Active Under Contract |
Community Information
| Address | 287 Wai Nani Way |
|---|---|
| Area | Metro |
| Subdivision | WAIKIKI |
| City | Honolulu |
| County | Oahu |
| State | HI |
| Zip Code | 96815 |
Amenities
| Utilities | Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Sewer Connected, Water Available |
|---|---|
| Parking Spaces | 7 |
| Parking | Assigned, Covered, Tandem |
| View | City |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Stories | Three Or More |
Exterior
| Exterior | Hollow Tile |
|---|
School Information
| Elementary | Jefferson |
|---|---|
| Middle | Washington |
| High | Kaimuki |
Additional Information
| Lease Fee | $0 |
|---|---|
| Monthly Maintenance Fee | $0 |
Listing Details
| Office | Real Estate Strategies, LLC |
|---|---|
| Contact Info | (808) 284-1010 |