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
$2,600,000
2908 Varsity Cir, Honolulu, HI 96826
--beds
0baths
4,068sqft
Est.:
Multi Family
Built in 1955
-- sqft lot
$2,506,100 Zestimate®
$639/sqft
$-- HOA
What's special
- 1 day
- on Zillow |
- 98 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: August 13, 2025 at 02:30am
Listed by:
Brian Chua 808-255-3839,
Five Star Realty, Inc.
Source: HiCentral MLS,MLS#: 202517940

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Open house
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: $639/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
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