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2908 Varsity Circle, Honolulu, HI 96826
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.
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Multi-family details
1955 year built
- Year Built 1955
- Year Remodeled 1990
- Days on market 127
- Price per sqft $610/sqft
-
Address
2908 Varsity Circle, Honolulu, HI, 96826
- Frontage Other
- Neighborhood University
- Land tenure FS - Fee Simple
- Land SqFt 5,001 sqft
- View Other
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$12,645
Taxes
$539
HOA dues
$0
Mortgage
Down payment
$496,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$12,645 / month
Neighborhood: University
Nearby & commute
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
14 / 20
Somewhat walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
8 total units
# of 1 Bd
0
# of 2 Bd
0
# of 3 Bd
0
Total Units
8
Amenities & Features
7 parking places
Stories
Two
Furnished
Partial
Construction
Brick, Single Wall
Utilities
Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Water
Property Condition
Above Average
Parking
Assigned
nr.of parking places
7
Amenities
None
Income
—
Total Actual Rent
Total Annual Operating Expenses
Total Income
Net Operating Income
University prices
Average price $502.77k
Neighborhood average sales price*
$502.77k
Neighborhood median sales price*
$417.55k
Number or sales*
455
Street median sales price*
$380k
*last 6 months
Schools
15 schools in this area
| School rating | Distance | |
|---|---|---|
|
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
Elementary School
|
0.214mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
Middle School
|
0.266mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
High School
|
0.266mi |
| School rating | Distance | |
|---|---|---|
|
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
|
0.214mi | |
|
Aikane O Hokulani
2940 Kamakini St,
Honolulu, HI 96816
|
0.266mi | |
|
Hokulani Elementary School
2940 Kamakini St,
Honolulu, HI 96816
|
0.293mi | |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.474mi | |
|
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
0.536mi |
| School rating | Distance | |
|---|---|---|
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.266mi | |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.474mi | |
|
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
0.536mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.569mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.619mi |
| School rating | Distance | |
|---|---|---|
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.266mi | |
|
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.335mi | |
|
Lutheran High School Of Hawaii
1404 University Avenue,
Honolulu, HI 96822
|
0.422mi | |
|
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
0.536mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.569mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Mar 29, 2022
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 29, 2022 | Sold | $2,050,000 | $503.93 | Public Record |
| Dec 8, 2021 | In Escrow - not showing | $2,200,000 | $540.81 | MLS #202127221 |
| Nov 2, 2021 | New Listing | $2,200,000 | $540.81 | MLS #202127221 |
Tax & MLS details 2908 Varsity Circle, Honolulu, HI, 96826
MLS #202517940
Current Property Taxes p/month
$539
Assessed Improvement value
$472,500
TMK
1-2-8-025-015-0000
Flood Zone
Zone X
Topography
Level
Lot Description
Clear
Total Assessed value
$1,847,600
Listed by
Five Star Realty, Inc.
(808) 382-6871
(808) 382-6871
MLS #
202517940
Hawaii House tour report for this multi-family home
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Needs Work
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Frequently asked questions for 2908 Varsity Circle
When was this multi-family home built and last sold?
This house was build in 1955.
What is the full address of this multi-family home?
2908 Varsity Circle, Honolulu, HI, 96826.
Are there beaches near 2908 Varsity Circle?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2025 by HiCentral Mls, Ltd. Listing courtesy of Five Star Realty, Inc.. Some active listings appearing on this site may be listed by other REALTORS®. 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. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on December 13, 2025.
Hawaii House Last checked 3 minutes ago.
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