$2,480,000
$120K PRICE DROP

2908 Varsity Cir Honolulu, HI 96826

Manoa Neighborhood

Estimated payment $13,791/month

Total Views 9,524
-- Bed
-- Bath
4,068 Sq Ft
$610 Price per Sq Ft

Highlights

  • Interior Lot
  • High Speed Internet
  • 4-minute walk to Kalo Place Mini Park
  • Views

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

Brian Chua

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
  • Interior Lot
  • Level Lot
  • Cleared Lot
  • Property is in good condition

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 4,068 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Laundry in unit
  • Property Views

Parking

  • 7 Parking Spaces
  • Assigned Parking

Utilities

  • Above Ground Utilities
  • High Speed Internet
  • Cable TV Available

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,467

Year Built

Built in 1955

Lot Details

5,001 Sq Ft Lot

Listing Details

  • LandTenure: Fee Simple
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1955
  • Attribution Contact: (808) 382-6871
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • LaundryFeatures: In Unit
  • MLS Status: Active
  • Subdivision Name: UNIVERSITY
  • Unit Levels: Two
  • Roof: Asphalt, Shingle
  • Tax Year: 2025
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 2

Exterior Features

  • Construction Type: Brick, Single Wall
  • Lot Features: Cleared, Interior Lot, Level
  • Property Condition: Good Condition
  • Topography: Level
  • View: Other
  • View: Yes
  • Disclosures: Principal is Real Estate Licensed

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 7.0

Utilities

  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Lot Info

  • Parcel Number: 1-2-8-025-015-0000
  • Zoning Description: 11 - A-1 Low Density Apartment

Multi Family

  • Number Of Units Total: 8
  • Net Operating Income: 130176.0
  • Annual Operating Expense: 24864.0
  • Tenant Pays: Air Conditioning, Electricity, Other
  • Total Actual Rent: 12920.0

Tax Info

  • Tax Annual Amount: 6467.04

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2016 $4,846 $1,384,700 $855,100 $529,600
Source: Public Records

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
Source: HiCentral MLS (Honolulu Board of REALTORS®)

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 -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,550,000 New Conventional
Closed $1,550,000 New Conventional
Source: Public Records

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202517940

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-8-025-015-0000

Hawaii Honolulu County Honolulu 96826 Manoa

2908 Varsity Cir, Honolulu, HI

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

HiCentral MLS (Honolulu Board of REALTORS®) 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 2026 HiCentral MLS, Ltd

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Brian Chua
Listing Agent
Brian Chua
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Five Star Realty, Inc.
(808) 468-3952
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