2908 Varsity Cir Honolulu, HI 96826
Manoa NeighborhoodEstimated payment $13,584/month
Highlights
- Views
- Level Lot
- 4-minute walk to Kalo Place Mini Park
About This Home
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.
Listing Agent
Five Star Realty, Inc. Brokerage Phone: (808) 382-6871 License #RB-21314 Listed on: 08/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,467
Year Built
- Built in 1955
Lot Details
- 5,001 Sq Ft Lot
- Level Lot
Home Design
- Brick Exterior Construction
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 4,068 Sq Ft Home
- 2-Story Property
- Laundry in unit
- Property Views
Parking
- 7 Parking Spaces
- Assigned Parking
Listing and Financial Details
- Assessor Parcel Number 1-2-8-025-015-0000
Community Details
Overview
- 8 Units
- University Subdivision
Building Details
- Operating Expense $24,864
- Net Operating Income $130,176
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,472 | $1,847,600 | $1,375,100 | $472,500 |
| 2024 | $6,472 | $1,849,100 | $1,375,100 | $474,000 |
| 2023 | $6,250 | $1,785,600 | $1,325,100 | $460,500 |
| 2022 | $5,858 | $1,673,700 | $1,235,100 | $438,600 |
| 2021 | $5,590 | $1,597,100 | $1,140,100 | $457,000 |
| 2020 | $5,890 | $1,682,800 | $1,187,600 | $495,200 |
| 2019 | $4,954 | $1,569,500 | $1,068,900 | $500,600 |
| 2018 | $4,954 | $1,415,300 | $926,300 | $489,000 |
| 2017 | $4,904 | $1,401,200 | $878,800 | $522,400 |
| 2016 | $4,846 | $1,384,700 | $855,100 | $529,600 |
| 2015 | $3,582 | $1,023,300 | $800,100 | $223,200 |
| 2014 | $3,347 | $941,900 | $725,200 | $216,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/14/2025 12/14/25 | Price Changed | $2,480,000 | -4.6% | $610 / Sq Ft |
| 08/12/2025 08/12/25 | For Sale | $2,600,000 | -- | $639 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,050,000 | Title Guaranty & Escrow Servic | |
| Warranty Deed | $2,050,000 | Title Guaranty & Escrow Servic | |
| Interfamily Deed Transfer | -- | None Available | |
| Personal Reps Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,550,000 | New Conventional | |
| Closed | $1,550,000 | New Conventional |
Source: HiCentral MLS (Honolulu Board of REALTORS®)
MLS Number: 202517940
APN: 1-2-8-025-015-0000
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Some of the active listings appearing on this site may be listed by other REALTORS(R). If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd
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