[Assessed 91.1%] Apartment building in Mizuho, Nishitama, Tokyo — 16 min from Hakonegasaki Sta.

This is a two-storey wooden apartment building, sold as a whole, in Ishihata, Mizuho, Nishitama District, Tokyo. The nearest station is Hakonegasaki on the JR Hachiko Line, a 16-minute walk (the listing table says 16 minutes and the Point section says 15; we show the longer figure). It lies in a Category 1 low-rise exclusive residential zone (building coverage 40%, floor area ratio 80%) within the urbanisation promotion area, and faces a 5.00 m public road to the east. Measured in a straight line from the point obtained by geocoding the listed lot number (Ishihata 1679-9) with the GSI address search (within about 10 m of the map coordinates on Rakumachi), nearby places include Teuchi Soba & Udon Sashidaya (about 250 m), 7-Eleven Mizuho Musashi (about 400 m), Drugstore Seki Mizuho (about 420 m), Ramen Yamaokaya (about 440 m), Uobei Mizuho (about 460 m) and Japan Meat Seisenkan Mizuho (about 680 m) (OpenStreetMap; all within Mizuho).

The price is 71.8 million yen. The land is 557.38 m² (registered area) and freehold, and the building has a total floor area of 313.00 m² and was built in July 2011 (15 years old). There are six units, three 1LDK and three 2LDK (44.73–56.31 m²), each with a separate bath and toilet, an independent washbasin, bath reheating and a bathroom dryer, and parking is available. It is currently fully occupied, with an expected annual rent of 5,527,200 yen (460,600 yen per month) and a gross yield of 7.69%. The listing's Point section gives 5,572,200 yen instead, which conflicts with the table; we show the table figure because it is consistent with the stated yield. The listing notes that the price is negotiable.

The assessed ratio is about 91.1%. For the route price we used 78,000 yen/m² (leasehold ratio D), the most common value on the local streets in the area the property belongs to (north of Ome Kaido), on the FY2026 route price map. The road the property faces to the east is also 78,000 yen/m²; it rose from 75,000 yen (FY2024) to 77,000 yen (FY2025) and 78,000 yen/m² (FY2026), about 4.0% over two years. Even at 70,000 yen/m², the lowest band in the area, the ratio would be about 84.9%. The building is a 15-year-old wooden structure valued with 7 of its 22-year statutory useful life remaining, so its assessed value will decline year by year.

⚠️The floor plan suggests the building may be a row-house (nagaya) type in which the upper-floor units also have their own entrances on the ground floor. Because it is wooden with a total floor area of 313 m² (over 300 m²), if it counts as a nagaya the Tokyo Metropolitan Building Safety Ordinance requires an on-site passage at least 3 m wide in front of the entrances. In the exterior photo the area in front of the entrances is a wide paved parking space with no sign of being narrower than 3 m, but the listing does not state whether the building is treated as a nagaya or as an apartment building. ⚠️The listing photos do not show the front road or the boundaries with the neighbouring plots to the north, south and west; we supplemented this with GSI elevation data (131.9–132.7 m within ±30 m of the lot point), which shows no significant height differences. The property was listed on 5 October 2026.