Hawaii Living

3208 Waialae Ave (Palolo)

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Photo 1 of 3208 Waialae Ave, Honolulu
3208 Waialae Ave, Honolulu
Selling or Buying in Palolo?
Call/Text George (808) 554-1635 or send a message using the form below.
George Krischke

George Krischke

Principal Broker
Realtor, RB-18610

Mobile: (808) 554-1635

Email: George@HawaiiLiving.com

Description
Rare opportunity for an owner-user or investor to have multiple revenue streams with both commercial and residential applications! Prime location, including the former Venus Building, that encompasses 7,457 square feet of land and features an 892 square foot retail space and a residential home used as a 4-unit rental apartment. Property is strategically located along bustling Waialae Avenue, granting maximum exposure and accessibility. Property also includes a 2,112 square foot residential structure housing multiple units: one 3-bedroom/1-bath, two 1-bedroom/1-bath, and one studio/1-bath. This combination of residential and commercial units presents an attractive investment opportunity for buyers looking to capitalize on the growing demand for mixed-use properties in the area. As part of the Kaimuki/Palolo/Waialae neighborhood, 3208 Waialae Avenue also benefits from a vibrant community atmosphere and close proximity to many schools, the University of Hawaii at Manoa, St. Louis and Chaminade, phenomenal local eateries, shops and businesses. Sold in its WHERE IS and AS IS conditions.
Past Activity
  • Jul 07, 2025 Sold for $1,900,000
  • Jun 17, 2025 Under Contract
  • Apr 09, 2025 Listed at $2,550,000
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $900
  • Other Homes Price / ft²
  • Cash vs Financing Buyers
  • Zoning: 32 - B-2 Community Business Dis
  • Flood Zone: Zone X
  • Elementary School: Aliiolani
  • Middle School: Jarrett
  • High School: Kaimuki
  • Furnished: None
  • Property Condition: Fair
  • TMK: 1-3-3-2-28-0
  • Tax Assessed Land: $1,580,900
  • Tax Assessed Improvements: $98,600
  • Tax Assessed Total: $1,679,500
  • Courtesy: Bratton Realty Advisors Ltd / (808) 523-9708
  • MLS: 202508053
About Palolo
Palolo real estate takes up the entire valley that's cradled between St. Louis Heights on the west and Wilhelmina Rise on the east, with Waialae Ave as its southern border. Like other valleys in Hawaii, the trip from the entrance to the back areas ends you up in a different climate than the one where you started.

Homes in Palolo's far end get noticeably more rain, often on a daily basis, as well as cooler temperatures. The rest of the valley gets plenty of precipitation as well, which explains the flourishing green growth you can't help noticing. Plant lovers will find this a superb place t  ..... Read more.

The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 05, 2025.Information is deemed reliable but not guaranteed.
Other Palolo Homes
$1,995,000
3110 Waialae Ave
6 Bds | 4 Ba
3,750 ft²
$1,350,000
2281 Palolo Ave
7 Bds | 4.5 Ba
3,304 ft²
$1,300,000
1541 Palolo Ave#A
4 Bds | 2 Ba
1,595 ft²
$1,298,000
2318 Waiomao Rd#4
3 Bds | 2.5 Ba
2,044 ft²
Other Honolulu Homes
Niu Valley
$2,550,000
6046 Haleola St
4 Bds | 2 Ba
2,984 ft²
Kapahulu
$2,588,000
3214 Esther St
8 Bds | 7 Ba
3,758 ft²
Waialae Nui
$2,590,000
1974 Halekoa Dr
4 Bds | 3.5 Ba
2,000 ft²
Kapiolani
$2,600,000
2908 Varsity Cir
Multi-Family

Kapiolani
$2,500,000
2458 Wilder Ave
Multi-Family

Manoa
$2,600,000
2456 Sonoma St
4 Bds | 3 Ba
2,185 ft²
  • Sold 7/7/25 at $1,900,000
    (List Price: $2,550,000)
Description
Rare opportunity for an owner-user or investor to have multiple revenue streams with both commercial and residential applications! Prime location, including the former Venus Building, that encompasses 7,457 square feet of land and features an 892 square foot retail space and a residential home used as a 4-unit rental apartment. Property is strategically located along bustling Waialae Avenue, granting maximum exposure and accessibility. Property also includes a 2,112 square foot residential structure housing multiple units: one 3-bedroom/1-bath, two 1-bedroom/1-bath, and one studio/1-bath. This combination of residential and commercial units presents an attractive investment opportunity for buyers looking to capitalize on the growing demand for mixed-use properties in the area. As part of the Kaimuki/Palolo/Waialae neighborhood, 3208 Waialae Avenue also benefits from a vibrant community atmosphere and close proximity to many schools, the University of Hawaii at Manoa, St. Louis and Chaminade, phenomenal local eateries, shops and businesses. Sold in its WHERE IS and AS IS conditions.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 05, 2025.Information is deemed reliable but not guaranteed.
    • Jul 07, 2025 Sold for $1,900,000
    • Jun 17, 2025 Under Contract
    • Apr 09, 2025 Listed at $2,550,000
    Palolo real estate takes up the entire valley that's cradled between St. Louis Heights on the west and Wilhelmina Rise on the east, with Waialae Ave as its southern border. Like other valleys in Hawaii, the trip from the entrance to the back areas ends you up in a different climate than the one where you started.

    Homes in Palolo's far end get noticeably more rain, often on a daily basis, as well as cooler temperatures. The rest of the valley gets plenty of precipitation as well, which explains the flourishing green growth you can't help noticing. Plant lovers will find this a superb place t  ..... Read more.

    Other Palolo Homes
    $1,995,000
    3110 Waialae Ave
    6 Bds | 4 Ba
    3,750 ft²
    $1,350,000
    2281 Palolo Ave
    7 Bds | 4.5 Ba
    3,304 ft²
    $1,300,000
    1541 Palolo Ave#A
    4 Bds | 2 Ba
    1,595 ft²
    $1,298,000
    2318 Waiomao Rd#4
    3 Bds | 2.5 Ba
    2,044 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.