![[Assessed 92.8%] Apartment building in Minami Ward, Saitama City, Saitama — 15 min from Musashi-Urawa Sta.](https://img.rakumachi.jp/c/property/C22OfY68KHhryucposUCWQ__/118053661_x4y4)
[Assessed 92.8%] Apartment building in Minami Ward, Saitama City, Saitama — 15 min from Musashi-Urawa Sta.
Property Overview
| Location | Minami Ward, Saitama City, Saitama |
| Nearest Station | JR Saikyo Line Musashi-Urawa Sta. |
| Walk | 15 min walk |
| Assessed Ratio | 92.8%Assessed 92.8% |
| Price | ¥190,000,000 |
| Type | Apartment building |
| Expected Yield | 7.09% |
| Structure | Wooden |
| Built | Built May 1992 (34 years old) |
| Land Area | 750.41㎡ |
| Building Area | 482.76㎡ |
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.
| Rakumachi | ¥190,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥176,346,350 |
| Building assessed value | ¥0 |
| Total assessed value | ¥176,346,350 |
| Asking price | ¥190,000,000 |
| Assessed ratio | 92.8% |
Calculation basis
- Land = road price ¥235,000/m² × land area 750.41m²
- Building = replacement cost ¥220,000/m² × floor area 482.76m² × remaining life 0y ÷ statutory life 22y
- Built May 1992 (34 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +4.4%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 225,000 | — |
| 2025 | 230,000 | +2.2% |
| 2026 | 235,000 | +2.2% |
※ 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 repeating the listing, we checked the figures against the 2026 road price map, aerial imagery and the three listing photos, and recorded how the buildings were identified since the listing gives no lot number.
What We Could Not Confirm
- The lot number and building name are not in the listing and were identified by matching an earlier rental listing. If the frontage is on a road other than the east side, the assessed ratio falls to 77%.
- The listing does not state how many of the 17 units are occupied, nor the rent and terms of each unit.
- The two wooden buildings are 34 years old and no repair history for the exterior, roof or plumbing is given.
- The east frontage is a busy prefectural road; noise and access conditions need to be checked on site.
- There are no photos of the north and east boundaries, so retaining walls or level differences on those sides could not be checked.
※ 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
⚠️ The listing gives the address only as Yotsuya 3-chome without a lot number. We identified the buildings as standing on block 5 of Yotsuya 3-chome from an earlier rental listing with the same construction date and unit layouts, and valued the land with the road price of the road on the east side of that block. Using the roads on the south or west side of the block would lower the assessed ratio to 77%, so please read this with the lot number still to be confirmed.
The property is two wooden two-story apartment buildings with a nine-car parking lot, sold together, in Yotsuya 3-chome, Minami Ward, Saitama, a 15-minute walk from Musashi-Urawa Station on the JR Saikyo Line. Musashi-Urawa to Ikebukuro is about 20 minutes and to Shinjuku about 25 minutes by train. Building A was completed in October 1992 with ten 1K units; Building B in May 1992 with seven units from 1K to 3DK; 17 units and 482.76 ㎡ of floor area in total. The land is 750.41 ㎡ (registered), freehold, fronting a 9.70 m public road on the east, zoned Category 1 residential with a 60% building coverage ratio and a 200% floor area ratio.
The buildings are currently tenanted, and the listing states an expected annual income of 13,489,000 yen for a gross yield of 7.09%. Handover is immediate. The three listing photos show the exteriors of both buildings and the parking lot; the site, the front road and the parking lot are all flat with no level difference and no stepped access. The west and southwest sides border Yotsuya 3-chome Park, with only a fence on level ground and no retaining wall.
The road price was taken from the 2026 road price map (sheet 31357): 235,000 yen/㎡ for the prefectural road on the east side of the block, reading 225,000 yen in 2024, 230,000 yen in 2025 and 235,000 yen in 2026. Both buildings are 34 years old and past their statutory useful life, so they are valued at zero. The assessed land value is 235,000 yen × 750.41 ㎡ = 176,346,350 yen, or 92.8% of the 190,000,000 yen asking price. The figure rests entirely on the land.
The listing does not say how many of the 17 units are occupied, nor the rent of each unit or the repair history. The east frontage is a busy prefectural road, and the lot number is not in the listing; both points need to be confirmed with the seller.
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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