| Description | Currently the best value fully remodeled 2 bedroom in Waikiki! Great cash flow opportunity for investors with an estimated depreciation deduction of $8,500/yr to help offset income tax from rental income. Property is currently tenant occupied at $3,150/month, however, rental income could be higher if rented short-term on a monthly basis. Current tenant's lease ends May 31st. The condo is located only a few minutes away from Waikiki Beach, one block from the new Foodland grocery store and two blocks from Target. Property was fully renovated from top to bottom in 2024 and was furnished with high quality finishes like engineered hardwood flooring, quartz countertops, new electric, plumbing and cabinets. Appliances include refrigerator with ice maker, dishwasher, range with range hood and microwave and washer/driver combo unit - all brand new as of 2024. Parking is available for rent on a monthly basis in the building next door. Please reach out directly to schedule your showing today. |
|---|---|
| Status | Sold since 11-11-2024 |
| MLS# | 202425986 |
| Price | $375,000 |
| Original Price | $399,000 |
| Price Change | $-24,000 (-6.02%) |
| Beds / Baths / Half | 2 / 1 / 0 |
| Parking Spaces | 0 |
| Living Sq Ft | 577 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $1,013 |
| Lanai Sq Ft | 30 |
| Building | 222 Kaiulani Apts |
| Address | 222 Kaiulani Avenue 202 Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 167 |
| Year Built | 1960 |
| Year Remodeled | 2024 |
| Condition | Excellent |
| View | None |
| Parking | Street |
| Zoning | X2 - Apartment Precinct |
| Flood Zone | Zone AE |
| Elementary | Jefferson |
| Middle | Washington |
| High | Kaimuki |
| Tax Amount | $95 |
| Assessed Land | $90,600 |
| Assessed Building | $236,100 |
| Assessed Total | $326,700 |
| Assessed Ratio | 115% |
| Inclusions | AC Window Unit, Ceiling Fan, Dishwasher, Disposal, Dryer, Microwave Hood, Microwave, Range/Oven, Refrigerator, Washer |
| Amenities | None |
| Construction | Above Ground, Concrete, Double Wall |
| Flooring | Hardwood |
| Disclosures | Licensed Owner, Listor Owner, Pets Allowed (Verify), Property Disclosure Stmt |
| Furnished | Partial |
| Land Recorded | Land Court |
| Possession | At Closing |
| Sale Conditions | None |
| Building Style | Low-Rise 6 or Less Stories |
| Security | Key, Keyed Elevator, Video |
| Parcel # | 1-2-6-021-004-0002 |
| Listing courtesy of | Paradise Real Estate Brokers |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 06-13-2025 | 202425986 | Sold | X | S | $375,000 | $365,000 | $326,700 | $90,600 | $236,100 |
| 06-12-2025 | 202425986 | Expired | P | X | $375,000 | $365,000 | $326,700 | $90,600 | $236,100 |
| 05-28-2025 | 202425986 | Pending | C | P | $375,000 | $365,000 | $326,700 | $90,600 | $236,100 |
| 04-27-2025 | 202425986 | Active Under Contract | A | C | $375,000 | $365,000 | $326,700 | $90,600 | $236,100 |
| 03-15-2025 | 202425986 | Price Decrease | $380,000 | $375,000 | $375,000 | $365,000 | $326,700 | $90,600 | $236,100 |
| 01-08-2025 | 202425986 | Price Decrease | $394,000 | $380,000 | $375,000 | $365,000 | $326,700 | $90,600 | $236,100 |
| 12-02-2024 | 202425986 | Price Decrease | $399,000 | $394,000 | $375,000 | $365,000 | $326,700 | $90,600 | $236,100 |
| 11-11-2024 | 202425986 | New Listing | A | $375,000 | $365,000 | $326,700 | $90,600 | $236,100 | |
| 10-10-2024 | 202413718 | Cancelled | A | W | $399,000 | $0 | $345,000 | $90,600 | $254,400 |
| 09-03-2024 | 202413718 | Price Decrease | $420,000 | $399,000 | $399,000 | $0 | $345,000 | $90,600 | $254,400 |
| 08-19-2024 | 202413718 | Price Decrease | $430,000 | $420,000 | $399,000 | $0 | $345,000 | $90,600 | $254,400 |
| 08-09-2024 | 202413718 | Price Decrease | $435,000 | $430,000 | $399,000 | $0 | $345,000 | $90,600 | $254,400 |
| 07-19-2024 | 202413718 | Price Decrease | $439,000 | $435,000 | $399,000 | $0 | $345,000 | $90,600 | $254,400 |
| 06-20-2024 | 202413718 | Price Decrease | $449,000 | $439,000 | $399,000 | $0 | $345,000 | $90,600 | $254,400 |
| 06-15-2024 | 202413718 | Price Decrease | $450,000 | $449,000 | $399,000 | $0 | $345,000 | $90,600 | $254,400 |
| 06-07-2024 | 202413718 | New Listing | CS | A | $399,000 | $0 | $345,000 | $90,600 | $254,400 |
| 01-12-2024 | 202319201 | Sold | C | S | $315,000 | $300,000 | $315,400 | $89,400 | $226,000 |
| 12-06-2023 | 202319201 | Active Under Contract | A | C | $315,000 | $300,000 | $315,400 | $89,400 | $226,000 |
| 10-18-2023 | 202319201 | Price Decrease | $325,000 | $315,000 | $315,000 | $300,000 | $315,400 | $89,400 | $226,000 |
| 09-19-2023 | 202319201 | Price Decrease | $330,000 | $325,000 | $315,000 | $300,000 | $315,400 | $89,400 | $226,000 |
| 08-13-2023 | 202319201 | New Listing | A | $315,000 | $300,000 | $315,400 | $89,400 | $226,000 | |
| 03-06-2015 | 201419146 | Sold | C | S | $289,000 | $285,000 | $253,600 | $59,600 | $194,000 |
| 01-14-2015 | 201419146 | Active Continue to Show | A | C | $289,000 | $285,000 | $253,600 | $59,600 | $194,000 |
| 10-07-2014 | 201419146 | New Listing | A | $289,000 | $285,000 | $253,600 | $59,600 | $194,000 | |
| 07-13-2013 | 1305145 | Sold | P | S | $270,000 | $257,500 | $205,200 | $57,100 | $148,100 |
| 07-02-2013 | 1305145 | Pending | C | P | $270,000 | $257,500 | $205,200 | $57,100 | $148,100 |
| 05-20-2013 | 1305145 | Active Continue to Show | A | C | $270,000 | $257,500 | $205,200 | $57,100 | $148,100 |
| 05-07-2013 | 1305145 | New Listing | A | $270,000 | $257,500 | $205,200 | $57,100 | $148,100 | |
| 04-28-2013 | 1204729 | Expired | A | X | $270,000 | $0 | $205,200 | $57,100 | $148,100 |
| 11-22-2012 | 1204729 | Price Decrease | $290,000 | $270,000 | $270,000 | $0 | $205,200 | $57,100 | $148,100 |
| 11-03-2012 | 1204729 | Back On Market | T | A | $270,000 | $0 | $205,200 | $57,100 | $148,100 |
| 10-28-2012 | 1204729 | Price Increase | $285,000 | $290,000 | $270,000 | $0 | $205,200 | $57,100 | $148,100 |
| 06-03-2012 | 1204729 | Temporarily Withdrawn | A | T | $270,000 | $0 | $205,200 | $57,100 | $148,100 |
| 04-28-2012 | 1204729 | New Listing | A | $270,000 | $0 | $205,200 | $57,100 | $148,100 |
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