[Assessed 136.9%] Apartment building in Nakano Ward, Tokyo — 7 min from Nakano-fujimicho Sta.
Property Overview
| Location | Nakano Ward, Tokyo |
| Nearest Station | Tokyo Metro Marunouchi Line Nakano-fujimicho Sta. |
| Walk | 7 min walk |
| Assessed Ratio | 136.9%Assessed 136.9% |
| Price | ¥69,900,000 |
| Type | Apartment building |
| Expected Yield | 5.88% |
| Structure | Wooden |
| Built | Built Sep 1978 (48 years old) |
| Land Area | 154.33㎡ |
| Building Area | 125.26㎡ |
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.
| athome | ¥69,900,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥95,684,600 |
| Building assessed value | ¥0 |
| Total assessed value | ¥95,684,600 |
| Asking price | ¥69,900,000 |
| Assessed ratio | 136.9% |
Calculation basis
- Land = road price ¥620,000/m² × land area 154.33m²
- Building = replacement cost ¥220,000/m² × floor area 125.26m² × remaining life 0y ÷ statutory life 22y
- Built Sep 1978 (48 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +19.2%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 520,000 | — |
| 2025 | 570,000 | +9.6% |
| 2026 | 620,000 | +8.8% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
An assessed ratio of 136.9 percent is too high for Nakano Ward, so we suspected a misread road price, cross-checked three years and the surrounding band, then looked for what makes it cheap.
What We Could Not Confirm
- An assessed ratio of 136.9 percent is high for Nakano Ward: the land alone is worth 95.68 million yen at road-price valuation against a 69.9 million yen asking price. Six occupied units carrying tenancy rights and a dead-end frontage road are the likely reasons, but the listing does not confirm this.
- The width of the designated-position road is not published. We infer roughly four metres from a note on the road price map and on-map measurement; under four metres would require a setback.
- Rent works out at about 57,000 yen per unit per month, low for a refurbished 20 sqm studio in Nakano. These look like held-over rents from existing tenants.
- Distances to nearby facilities come from OpenStreetMap and are straight-line distances from the property.
※ 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
A whole-block apartment building for sale in Yayoicho 5-chome, Nakano Ward, Tokyo, a 7-minute walk from Nakano-fujimicho Station on the Tokyo Metro Marunouchi Line Honancho branch. A Sugi Pharmacy sits about 116 metres away, an Ozeki supermarket about 142 metres, and a 7-Eleven about 148 metres; soba and sushi restaurants stand two minutes on foot.
The 154.33 sqm plot (registered) carries a 125.26 sqm timber two-storey building dating from September 1978, with six one-room units of 20 sqm each. It is tenanted, producing an assumed 4.11 million yen a year for a gross yield of 5.88 percent. Kitchens, bathrooms, interiors and exterior were refurbished in September 2020. Zoning is Category 1 medium-to-high-rise residential (60 percent coverage, 200 percent floor-area ratio).
Applying the fiscal 2026 inheritance-tax road price of 620,000 yen per sqm to the 154.33 sqm plot gives an assessed value of 95.68 million yen. Against the 69.9 million yen asking price the assessed ratio is 136.9 percent. At 47 years old the timber building is valued at zero. The road price has risen 19.2 percent over three years, from 520,000 to 620,000 yen.
⚠️ An assessed ratio of 136.9 percent is high for Nakano Ward. The land alone is worth 95.68 million yen at road-price valuation against a 69.9 million yen asking price, and the listing does not explain why. What we think lies behind it is set out in the research section below.
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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