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MLS: 202517940 (Active - For Sale)
 
Asking Price: $2,480,000 FS - Fee Simple
Type: Multi-Family
District: Metro
Address: 2908 Varsity Circle, Honolulu, HI
Neighborhood: University
Land Area: 5,001 SF
View: Other
Parking: Assigned
Days on Market: 130
(The Price of the property was lowered by $120,000 on 12/14/2025)
Year Built: 1955
Zoning: 11 - A-1 Low Density Apartment
Land Recorded: Land Court
Property Taxes: $539
Assessed Value: $1,847,600
Assessed Ratio: 134.23%
Listing Courtesy: Five Star Realty, Inc.
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All Multi-Family Homes For Sale in University


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.

1 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
20212722111/01/202103/28/2022$2,200,000$2,050,000

1 Sold Properties Found (Last 12 months)
Description List Date Sold Date List Price Sold Price
0 Bed 0 Bath01/29/202505/23/2025$1,489,000$1,380,000
Average Price:  $1,380,000

 
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Copyright: 2015 by the HiCentral MLS, Ltd.
 
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use and may not be used for any purpose other than to identify prospective
properties consumers may be interested in purchasing.
 
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Maui Luxury Real Estate, LLC is a real estate brokerage firm licensed to
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