Active

$1,600,000

2902 Varsity Cir, Honolulu, HI 96826

--beds

0baths

--sqft

$9,516/mo

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Multi Family

Built in 1954

-- sqft lot

$1,561,900 Zestimate^®

$--/sqft

$-- HOA

What's special

A hidden gem in the heart of Honolulu, this charming 8-unit studio apartment building offers a surprisingly peaceful atmosphere surrounded by tropical greenery. Located just steps from UH Manoa and across from a large University-maintained open field, the property provides a quiet retreat with unmatched convenience. The building features 8 studios, 8 parking stalls, separately metered electricity, coin-operated laundry, and solid concrete construction. All units offer ceramic tile flooring, scenic green views, and strong appeal to the area's consistent pool of renters. Positioned on a private cul-de-sac, this property presents an attractive opportunity for investors seeking stable income with room for future growth. Do not disturb tenants or enter the property without notifying listing agent.

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Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Appliances

Included: Dryer, Washer
Laundry: Coin-operated

Property

Parking

Total spaces: 8
Parking features: Open
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Has view: Yes
View description: Other

Lot

Features: Cul-De-Sac, Flag Lot, Interior Lot, Level
Topography: Level

Details

Parcel number: 1280250130000
Zoning description: 11 - A-1 Low Density Apartment
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Concrete

Condition

Average Condition
Year built: 1954
Major remodel year: 1960

Utilities & green energy

Sewer: Connected
Water: Public
Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected

Community & HOA

Community

Features: None
Subdivision: University

Location

Region: Honolulu

Financial & listing details

Tax assessed value: $1,529,300
Annual tax amount: $5,352
Date on market: 10/21/2026
Tenant pays: Cable TV, Electricity

Estimated market value

$1,561,900

$1.48M - $1.64M

$1,416/mo

Price history

Date	Event	Price
10/22/2026	Listed for sale	$1,600,000-15.8%
Source: HiCentral MLS #202619405 Report a problem
11/22/2024	Listing removed	$1,900,000
Source: HiCentral MLS #202403396 Report a problem
2/11/2024	Listed for sale	$1,900,000+27.7%
Source: HiCentral MLS #202403396 Report a problem
12/28/2018	Listing removed	$1,000
Source: Tom Shinsato Realty Report a problem
12/21/2018	Listed for rent	$1,000
Source: Tom Shinsato Realty Report a problem
6/8/2017	Sold	$1,488,000
Source: Public Record Report a problem
2/15/2017	Listed for sale	$1,488,000-5.8%
Source: Commercial Inv. Strategies #201702623 Report a problem
11/1/2016	Listing removed	$1,580,000
Source: Commercial Inv. Strategies #201621518 Report a problem
8/19/2016	Listed for sale	$1,580,000+64.6%
Source: Commercial Inv. Strategies #201621518 Report a problem
7/15/2008	Sold	$960,000+19.1%
Source: Public Record Report a problem
5/22/2007	Sold	$806,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$5,353 +0.3%	$1,529,300 +0.3%
2025	$5,336 +0.3%	$1,524,600 +0.3%
2024	$5,321 +3.4%	$1,520,200 +3.4%
2023	$5,148 +2.2%	$1,470,900 +2.2%
2022	$5,038	$1,439,400 +7.1%
2021	--	$1,343,700 -4.6%
2020	$4,928 +9.8%	$1,408,000 +9.8%
2019	$4,487 +13.2%	$1,282,000 +13.2%
2018	$3,964 +0.5%	$1,132,500 +0.5%
2017	$3,943 +2.2%	$1,126,700 +2.2%
2016	$3,859 +29.1%	$1,102,600 +29.1%
2015	$2,990	$854,300 +10.7%
2014	--	$771,700