Hawaii Living

287 Wai Nani Way (Waikiki)

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Photo 1 of 287 Wai Nani Way, Honolulu
287 Wai Nani Way, Honolulu
Selling or Buying in Waikiki?
Call/Text Tracy (808) 372-2274 or send a message using the form below.
Tracy Yamato

Tracy Yamato

Certified Residential Specialist
Realtor, RS-51972

Mobile: (808) 372-2274

Email: Tracy@HawaiiLiving.com

"Let my over 33 years of experience work for you."
Client Testimonials
Description
Beautiful Building, Excellent Rents! Three story concrete apartment building blocks from Waikiki Beach and Kapiolani Park located on a non-through street = lower non-resident traffic and a more residential neighborhood with access to all Waikiki has to offer. All interiors have been upgraded—some in the past few years, but all by the previous owner, and the exterior is well-maintained, resulting in excellent rental rates. All units have exterior space making them much more desirable than other units on the market. Separately metered for electric, tenants pay electric AND water, which is charged back to them through RUBS. Coin laundry leased through WASH and expires 6/23. 2 covered stalls, 3 stalls in front.
Past Activity
  • Oct 19, 2025 Listed at $4,950,000
  • Oct 14, 2025 Back to Active
  • Oct 13, 2025 Listed at $5,280,000
  • Oct 13, 2025 Listed at $4,880,000
  • Sep 26, 2025 Under Contract
  • Oct 26, 2024 Off Market
  • Sep 24, 2024 Price $4,988,000
  • Feb 09, 2024 Price $5,150,000
  • Jun 05, 2023 Sold for $4,500,000
  • Feb 16, 2023 Under Contract
Blog
More Details
  • Owner, Tax & Resale History
  • Other Homes Price / ft²
  • Cash vs Financing Buyers
  • Year Remodeled: 2022
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone X
  • Furnished: Partial
  • Property Condition: Excellent
  • Management Company: Cirrus Asset Management
  • Amenities: Resident Manager
  • TMK: 1-2-6-28-43-0
  • Tax Assessed Land: $1,915,200
  • Tax Assessed Improvements: $376,700
  • Tax Assessed Total: $2,291,900
  • Courtesy: Commercial Inv. Strategies / (808) 429-1098
  • MLS: 202300739
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 06, 2025.Information is deemed reliable but not guaranteed.
Other Waikiki Homes
$4,880,000
287 Wai Nani Way
Multi-Family

$3,988,000
$1,888,000
419 Pau St
3 Bds | 1.5 Ba
1,138 ft²
Other Honolulu Homes
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Paiko Lagoon
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5949 Kalanianaole Hwy#A
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Makiki
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Kaimuki
$4,895,000
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12 Bds | 12 Ba
8,775 ft²
  • Sold 6/1/23 at $4,500,000
    (List Price: $4,950,000)
Description
Beautiful Building, Excellent Rents! Three story concrete apartment building blocks from Waikiki Beach and Kapiolani Park located on a non-through street = lower non-resident traffic and a more residential neighborhood with access to all Waikiki has to offer. All interiors have been upgraded—some in the past few years, but all by the previous owner, and the exterior is well-maintained, resulting in excellent rental rates. All units have exterior space making them much more desirable than other units on the market. Separately metered for electric, tenants pay electric AND water, which is charged back to them through RUBS. Coin laundry leased through WASH and expires 6/23. 2 covered stalls, 3 stalls in front.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 06, 2025.Information is deemed reliable but not guaranteed.
    • Oct 19, 2025 Listed at $4,950,000
    • Oct 14, 2025 Back to Active
    • Oct 13, 2025 Listed at $5,280,000
    • Oct 13, 2025 Listed at $4,880,000
    • Sep 26, 2025 Under Contract
    • Oct 26, 2024 Off Market
    • Sep 24, 2024 Price $4,988,000
    • Feb 09, 2024 Price $5,150,000
    • Jun 05, 2023 Sold for $4,500,000
    • Feb 16, 2023 Under Contract
    Other Waikiki Homes
    $4,880,000
    287 Wai Nani Way
    Multi-Family

    $3,988,000
    $1,888,000
    419 Pau St
    3 Bds | 1.5 Ba
    1,138 ft²
     
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.