[Assessed 84.4%] Apartment building in Higashimurayama, Tokyo — 15 min from Shin-Akitsu Sta.
Property Overview
| Location | Higashimurayama, Tokyo |
| Nearest Station | JR Musashino Line Shin-Akitsu Sta. |
| Walk | 15 min walk |
| Assessed Ratio | 84.4%Assessed 84.4% |
| Price | ¥19,600,000 |
| Type | Apartment building |
| Expected Yield | 10.04% |
| Structure | Wooden |
| Built | Built Oct 1968 (57 years old) |
| Land Area | 123.97㎡ |
| Building Area | 92.97㎡ |
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 | ¥19,600,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥16,539,000 |
| Building assessed value | ¥0 |
| Total assessed value | ¥16,539,000 |
| Asking price | ¥19,600,000 |
| Assessed ratio | 84.4% |
Calculation basis
- Land assessed value was entered manually by the operator.
- Building = replacement cost ¥220,000/m² × floor area 92.97m² × remaining life 0y ÷ statutory life 22y
- Built Oct 1968 (57 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +7.1%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 140,000 | — |
| 2025 | 145,000 | +3.6% |
| 2026 | 150,000 | +3.4% |
※ 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 reposting the listing as is, we checked the 2026 roadside land price map and the same property on another site, narrowed down the undisclosed location from the distances to the stations, and confirmed the basis of the figures.
What We Could Not Confirm
- The site fronts a private road 3.5 m wide on the east side. The ownership share in the road, whether it is a designated private road or an Article 42-2 road, whether a setback is required, and whether rebuilding is permitted are all unstated, and we could not verify them from any other listing. Confirmation with the listing agent is needed.
- With no on-site photographs, we could not check for retaining walls or a level difference with the road. Parts of the narrowed-down range have ground level changes of around 3 m.
- Whether the lot is flag-shaped, whether the building is attached to a neighbor, and the exterior condition of the 57-year-old building are also unconfirmed without photographs. The scope of the stated renovation of all rooms is unknown.
- Because the lot number is undisclosed, the position is an estimate narrowed down from the walking times to the stations. Two roads in the chome are priced at 140,000 yen per sq m, which would give an assessed ratio of 78.8%, but their locations are inconsistent with the stated distances to the stations.
- The thumbnail is not a photograph of the property but an illustration prepared by this site. Distances to nearby facilities are straight-line distances from the centroid of the chome; because the listing names none, we supplemented them from OpenStreetMap.
※ 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
⚠️ This listing carries no on-site photographs, and the details of its road access are unconfirmed. The site fronts a private road 3.5 m wide, and the listing does not state the ownership share in that road, whether it is a designated private road or a so-called Article 42-2 road, whether a setback is required, or whether rebuilding is permitted. Confirmation with the listing agent is a prerequisite for considering this property.
A whole apartment building in Akitsucho 3-chome, Higashimurayama, Tokyo. It is a 15-minute walk from Shin-Akitsu Station on the JR Musashino Line and an 18-minute walk from Akitsu Station on the Seibu Ikebukuro Line, giving access to two lines. In a straight line from the centroid of the chome (not from the property), a convenience store is about 290 m away and a grocery supermarket about 580 m away.
The asking price is 19.6 million yen. The building is a two-story wooden structure completed in October 1968 (57 years old) with three units of 30.99 sq m each and a total floor area of 92.97 sq m. The registered land area is 123.97 sq m, and the remarks state that this includes 13.71 sq m of private road. Tenure is freehold; zoning is Category 1 Low-rise Exclusive Residential with a 50% coverage ratio and 100% floor-area ratio. All units are currently vacant and have been renovated; the listing states full-occupancy annual income of 1.968 million yen and a gross yield of 10.04%.
Our assessment uses the 2026 roadside land price of 150,000 yen per sq m, the most common value among the local streets of Akitsucho 3-chome. The building is past its statutory useful life and is valued at zero; the land, at 110.26 sq m after excluding the private road portion, comes to about 16.54 million yen, for an assessed ratio of 84.4%. Without excluding the private road portion it would be 94.9%. Because the lot number is undisclosed, the position is an estimate narrowed down from the walking distances to the stations; roadside prices in that range are 145,000 to 165,000 yen, and even at 145,000 yen the ratio is 81.6%. The roadside price rose from 140,000 yen in 2024 to 150,000 yen in 2026.
With no photographs, we could not check for retaining walls, a level difference with the road, whether the lot is flag-shaped, whether the building is attached to a neighbor, or the state of the exterior. Elevation data from the Geospatial Information Authority show spots within the narrowed-down range where the ground changes by around 3 m over about 35 m, so an on-site check is needed.
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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