5
Waikiki Multifamily Homes & Duplexes for Sale
About Waikiki
Waikiki, a historic neighborhood in Honolulu, was once a retreat for Hawaiian royalty and now attracts around four million tourists annually. Known for its luxury resorts, Waikiki offers a mix of high-rise condominiums and apartments, many built in the 1970s with minimalist architecture and earth tones. These properties often serve as second homes, with amenities like pools and gyms. Waikiki Beach, considered the birthplace of modern surfing, is a major draw, with warm waters and clear reefs year-round. The neighborhood is home to several beaches, including the quieter Kahanamoku and Fort DeRussy to the north, and Kuhio and Queens Beaches to the south, which lead to the expansive Kapi’olani Regional Park. This park features the Honolulu Zoo, Waikiki Aquarium, and the Tom Moffatt Waikiki Shell, a venue for the Hawai’i Symphony Orchestra. Diamond Head State Monument, a volcanic cone, offers popular hiking trails with city views. Waikiki's dining scene includes upscale restaurants with ocean views and live music, such as Duke’s Waikiki and Hula Grill Waikiki. The International Market Place and Royal Hawaiian Center provide shopping and entertainment, including Polynesian performances. Annual events like the Waikiki Spam Jam and POW! WOW! mural festival add to the neighborhood's vibrant culture. Waikiki is highly walkable, with wide sidewalks and bike routes, though parking can be challenging. Public transportation is robust, with TheBus system offering extensive routes. Daniel K. Inouye International Airport is about 9 miles away, providing easy access to other islands and the mainland.
Home Trends in Waikiki, HI
On average, homes in Waikiki, Honolulu sell after 110 days on the market compared to the national average of 47 days. The average sale price for homes in Waikiki, Honolulu over the last 12 months is $549,561, consistent with the average home sale price over the previous 12 months.
Home Trends
Median Price (12 Mo)
$444,000
Median Single Family Price
$870,000
Median 2 Bedroom Price
$635,000
Median 1 Bedroom Price
$459,000
Average Price Per Sq Ft
$907
Number of Homes for Sale
641
Last 12 months Home Sales
966
Months of Supply
8.00
Median List Price
$485,000
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
1%
In Waikiki, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $1,888,000 to $4,900,000, there's something for every budget. As of April, 2025 the median home price in Waikiki, Honolulu is $485,000, while the average sale price is $549,561, providing insight into local market trends. On average, multi-family homes spend 110 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Waikiki, Honolulu.
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