Investor Alert – Turn-Key 8-Unit Property!
2908 Varsity Circle is a well-maintained multifamily property featuring 8 units, each with separate electric meters (8 total) and one water meter, streamlining utility management. The property brings in a strong monthly rental income of $12,920, offering immediate cash flow. Recent upgrades include updated exterior meter box breaker panels, improving safety and reducing long-term maintenance costs.
Ideally located near the University of Hawai?i at Manoa, popular local restaurants, shopping, and major business institutions, this property also offers easy access to the H-1 Freeway in both East and West directions—making commuting simple for tenants. With a stable tenant base and desirable central location, this is a rare opportunity to own a high-performing, income-producing asset in one of Honolulu’s most sought-after neighborhoods.
Active
$2,480,000
2908 Varsity Cir, Honolulu, HI 96826
--beds
0baths
4,068sqft
Multi Family
Built in 1955
-- sqft lot
$2,386,800 Zestimate®
$610/sqft
$-- HOA
What's special
- 336 days |
- 146 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Brian Chua 808-255-3839,
Five Star Realty, Inc.
Source: HiCentral MLS,MLS#: 202517940
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Laundry: In Unit
Interior area
- Total structure area: 4,068
- Total interior livable area: 4,068 sqft
Property
Parking
- Total spaces: 7
- Parking features: Assigned
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Other
- Frontage type: Other
Lot
- Features: Cleared, Interior Lot, Level
- Topography: Level
Details
- Parcel number: 1280250150000
- Zoning description: 11 - A-1 Low Density Apartment
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Single Wall
Condition
- Good Condition
- Year built: 1955
- Major remodel year: 1990
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
- Price per square foot: $610/sqft
- Tax assessed value: $1,847,600
- Annual tax amount: $6,467
- Date on market: 8/12/2025
- Total actual rent: 12920
- Tenant pays: Air Conditioning, Electricity, Other
Estimated market value
$2,386,800
$2.27M - $2.51M
$1,984/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/14/2025 | Price change | $2,480,000-4.6%$610/sqft |
Source:  HiCentral MLS #202517940 Report a problem | ||
| 8/13/2025 | Listed for sale | $2,600,000$639/sqft |
Source: HiCentral MLS #202517940 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,467 -0.1% | $1,847,600 -0.1% |
| 2024 | $6,472 +3.6% | $1,849,100 +3.6% |
| 2023 | $6,250 +6.7% | $1,785,600 +6.7% |
| 2022 | $5,858 +4.8% | $1,673,700 +4.8% |
| 2021 | $5,590 -5.1% | $1,597,100 -5.1% |
| 2020 | $5,890 +7.2% | $1,682,800 +7.2% |
| 2019 | $5,493 +10.9% | $1,569,500 +10.9% |
| 2018 | $4,954 +1% | $1,415,300 +1% |
| 2017 | $4,904 +1.2% | $1,401,200 +1.2% |
| 2016 | $4,846 +35.3% | $1,384,700 +35.3% |
| 2015 | $3,582 +7% | $1,023,300 +8.6% |
| 2014 | $3,347 | $941,900 +2.3% |
| 2013 | -- | $920,400 +2.6% |
| 2012 | -- | $896,700 -6.2% |
| 2011 | -- | $956,400 -1.6% |
| 2010 | -- | $971,600 -2.7% |
| 2009 | -- | $998,100 -1.6% |
| 2008 | -- | $1,014,500 +6.6% |
| 2007 | -- | $952,000 +16.9% |
| 2006 | -- | $814,700 +25.1% |
| 2005 | -- | $651,200 +10.8% |
| 2004 | -- | $587,500 +35.6% |
| 2003 | $1,701 -6.9% | $433,200 +0.1% |
| 2002 | $1,828 | $432,900 |
| 2000 | -- | -- |
| 1999 | -- | $426,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Moiliili
Nearby schools
GreatSchools rating
- 5/10Prince Jonah Kuhio Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 7/10President George Washington Middle SchoolGrades: 6-8Distance: 1.2 mi
- 3/10Kaimuki High SchoolGrades: 9-12Distance: 0.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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