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287 Wai Nani Way, Honolulu, HI 96815
3 min walk to Ala Wai Golf Course
7 min walk to Waikiki Beach
8 min walk to Ala Wai Golf Course
8 min walk to The Wall
7 min walk to Graveyards
About lifestyles
Trophy Property located on a non-through street blocks from famous Waikiki Beach, this beautiful building is a quiet neighborhood oasis. All units have nice lanai/balcony space for tradewind breezes and lots of natural light. New paint and brand new roof with warranty means excellent income and fantastic return! All units have been renovated, and all parking is covered. 100% occupied at market rents, so easy to 'plug and play' with your own management team. Tenants pay separately metered electricity, AND water, so your monthly expenses are WAY lower than normal. Nice, covered laundry area w machines leased by WASH; agreement expires 6/2024.
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Multi-family details
1963 year built
- Year Built 1963
- Year Remodeled 2022
- Original list price $5,280,000
- Days on market 423
- Building type Apartments,Multi Dwellings
- Price per sqft $683/sqft
-
Address
287 Wai Nani Way, Honolulu, HI, 96815
- Frontage Other
- Neighborhood Waikiki
- Land tenure FS - Fee Simple
- Land SqFt 5,760 sqft
- View City
Open Houses
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Monthly payment
Calculate your monthly payments
Mortgage
$25,433
Taxes
$693
HOA dues
$0
Mortgage
Down payment
$997,600 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$25,433 / month
Neighborhood: Waikiki
Nearby & commute
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
13.33 / 20
Somewhat walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
13 total units
# of 1 Bd
4
# of 2 Bd
9
# of 3 Bd
0
Total Units
13
Amenities & Features
5 parking places
Stories
Three
Furnished
Partial
Roof
Custom/Specialty
Construction
Hollow Tile
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Property Condition
Excellent
Parking
Assigned
nr.of parking places
5
Amenities
None
Income
Net Operating Income: $294,887
Total Actual Rent
$28,351
Total Annual Operating Expenses
$48,625
Total Income
$343,512
Net Operating Income
$294,887
Waikiki prices
Average price $565.22k
Neighborhood average sales price*
$565.22k
Neighborhood median sales price*
$483.67k
Number or sales*
458
Street median sales price*
$698k
Median sale price Waipuna*
$830k
*last 6 months
About Waikiki
Waikiki Condos & neighborhood info When it comes to finding a home in a lively, picturesque setting, it's hard to beat the allure of Waikiki condos. Situated along the stunning shores of Oahu, Waikiki is a bustling neighborhood in Honolulu that boasts Read more
Schools
15 schools with rating up to 8
| School rating | Distance | |
|---|---|---|
| out of 10 |
President Thomas Jefferson Elementary School
324 Kapahulu Ave,
Honolulu, HI 96815
Elementary School
|
0.09mi |
| out of 10 |
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
Middle School
|
0.179mi |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
High School
|
0.237mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
President Thomas Jefferson Elementary School
324 Kapahulu Ave,
Honolulu, HI 96815
|
0.09mi |
|
Jefferson School Orthopedic Unit
324 Kapahulu Ave,
Honolulu, HI 96815
|
0.145mi | |
| out of 10 |
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
|
0.179mi |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.237mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.759mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
|
0.179mi |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.237mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.759mi | |
|
La Pietra Hawaii School For Girls
2933 Poni Moi Road,
Honolulu, HI 96815
|
0.941mi | |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
1.07mi |
| School rating | Distance | |
|---|---|---|
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.237mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.759mi | |
| out of 10 |
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.838mi |
|
La Pietra Hawaii School For Girls
2933 Poni Moi Road,
Honolulu, HI 96815
|
0.941mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
1.12mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Expired Oct 26, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Oct 26, 2024 | Expired | $4,988,000 | $683.29 | MLS #202324401 |
| Sep 24, 2024 | Price Decrease | $4,988,000 -3.15% | $683.29 | MLS #202324401 |
| Feb 9, 2024 | Price Decrease | $5,150,000 -2.46% | $705.48 | MLS #202324401 |
| Oct 25, 2023 | New Listing | $5,280,000 | $723.29 | MLS #202324401 |
Tax & MLS details 287 Wai Nani Way, Honolulu, HI, 96815
X2 - Apartment Precinct zoning / MLS #202324400
Current Property Taxes p/month
$693
Property Tax Year
2024
Assessed Improvement value
$908,900
Assessed Land value
$2,207,500
TMK
1-2-6-028-043-0000
Land Recorded
Regular System
Zoning
X2 - Apartment Precinct
Flood Zone
Zone X
Topography
Level
Location
Inside
Lot Description
Clear
Property Setbacks
None
Total Assessed value
$3,116,400
Listed by
Commercial Inv. Strategies
(808) 429-1098
(808) 429-1098
MLS #
202324400
Hawaii House tour report for this multi-family home
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Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Frequently asked questions for 287 Wai Nani Way
When was this multi-family home built and last sold?
This house was build in 1963.
What is the full address of this multi-family home?
287 Wai Nani Way, Honolulu, HI, 96815.
Are there beaches near 287 Wai Nani Way?
The nearest beach is 0.321 miles away, called Waikiki Beach. It should take about 7 min walk.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Commercial Inv. Strategies. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on October 25, 2024.
Hawaii House Last checked 1 minute ago.
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