![[Assessed 137.9%] Apartment building in Arakawa Ward, Tokyo — 4 min from Odai Sta.](https://www.kenbiya.com/upload/p4629/4629828/1777716836328-jxi.jpg)
[Assessed 137.9%] Apartment building in Arakawa Ward, Tokyo — 4 min from Odai Sta.
Property Overview
| Location | Arakawa Ward, Tokyo |
| Nearest Station | Toden Arakawa Line Odai Sta. |
| Walk | 4 min walk |
| Assessed Ratio | 137.9%Assessed 137.9% |
| Price | ¥99,800,000 |
| Type | Apartment building |
| Expected Yield | 4.97% |
| Structure | Wooden |
| Built | Built Mar 2020 (6 years old) |
| Land Area | 271.78㎡ |
| Building Area | 163.96㎡ |
Where This Property Is Listed
This property appears on the sites below. Listings matching on location, land area and building area are merged into a single article as the same property.
| Kenbiya | ¥99,800,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥111,429,800 |
| Building assessed value | ¥26,233,600 |
| Total assessed value | ¥137,663,400 |
| Asking price | ¥99,800,000 |
| Assessed ratio | 137.9% |
Calculation basis
- Land = road price ¥410,000/m² × land area 271.78m²
- Building = replacement cost ¥220,000/m² × floor area 163.96m² × remaining life 16y ÷ statutory life 22y
- Built Mar 2020 (6 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +10.8%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 370,000 | — |
| 2025 | 390,000 | +5.4% |
| 2026 | 410,000 | +5.1% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
Rather than reproducing the listing as-is, we checked the frontage road's price on the National Tax Agency's FY2026 road price map and tracked three years along the same road.
What We Could Not Confirm
- We have no record of checking the frontage road or approach from listing photos, so we recommend confirming retaining walls and level differences on site.
※ Rather than reproducing the listing as-is, we verified the figures against public sources such as the official road price maps and the listing photos. This is not based on a site visit, so please confirm on site and with the seller before deciding.
Neighborhood ① Shopping Near the Station
Neighborhood ② Dining Near the Station
About This Property
Espoir, a two-storey wooden apartment building dating from March 2020, located in Nishi-Ogu 6-chome, Arakawa Ward, a 4-minute walk from Odai Station on the Toden Arakawa Line. Kumanomae Station on the Nippori-Toneri Liner is 13 minutes away and JR Ogu Station 15 minutes, giving access to three stations. My Basket Odai Ekimae (7:00-24:00) is in front of the station and Super Mirabelle Odai is within walking distance.
The property has four 1LDK units, all with separate bath and toilet, and is fully occupied (a sublease agreement is in place, noted as cancellable). The current yield is 4.97%. The land is 271.78 sqm (about 82.21 tsubo) held in freehold, in a quasi-industrial zone.
On the assessment side, the inheritance-tax roadside land value for Nishi-Ogu 6-chome (representative point, conservatively taken) is 410,000 yen/sqm for 2026 (up 10.8% over three years). The land assesses at roughly 111.43 million yen, the greater part of the price. Against the 22-year statutory useful life for wooden construction the building is 6 years old with 16 years remaining, giving roughly 26.23 million yen, for a combined assessed value of about 137.66 million yen. Against the 99.80 million yen price the assessed ratio is 137.9%, with the assessment comfortably above the price.
As points to note, the listing gives no road frontage or coverage and floor area ratios, so these need confirming along with the terms of the sublease agreement. A combination of a relatively new building, a location inside the 23 wards and a generous site — please check the source listing for details.
Estimated Financing
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.
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