[Assessed 151.2%] Apartment building in Urawa Ward, Saitama City, Saitama — 19 min from Kita-Urawa Sta.

A two-unit wooden apartment building in Daito 1-chome, Urawa Ward, Saitama City. The nearest station is Kita-Urawa on the JR Keihin-Tohoku Line, a 19-minute walk. The area is a Category 1 medium-to-high-rise residential zone. From the map position shown on athome, a Lawson convenience store is about 320 m and the Commodi Iida Kita-Urawa supermarket about 480 m away in a straight line (OpenStreetMap). ⚠️ We could not confirm that the map position matches the actual lot, so these distances are approximate.

The building is a two-storey wooden structure completed in September 1991, with two units of 49.68 m² each and a total floor area of 99.36 m² (registered). Both units are currently let (sold with tenants), and the broker's own website lists a current yield of 5.78% (annual income of 1.32 million yen). The land is 229.75 m² (registered), freehold, registered as residential land, and fronts a 4.0 m public road on the north side with 4.5 m of frontage. There is no private-road burden or setback. Building coverage is 60% and floor-area ratio 160% (limited by the road width), within a 15 m height district and a quasi-fire-prevention district.

For the road price, we counted the block roads in Daito 1-chome on the 2026 (Reiwa 8) road price maps (sheets 31233 and 31248, leasehold ratio D) and used the most common value, 150,000 yen/m², as the representative figure. The same road was 140,000 yen in 2024 and 145,000 yen in 2025, a rise of about 7.1% over two years. The building is 35 years old, beyond the 22-year statutory useful life for wooden buildings, so its assessed value is zero; the land alone gives an assessed ratio of about 151%. Even at the lowest band in the chome, 135,000 yen/m², the ratio is about 136%. ⚠️ The asking price of 22.8 million yen is below the land value implied by the road price (about 34.46 million yen). Possible reasons are that the price is set on yield with both units let, and that the 4.5 m frontage may mean an irregular or flag-shaped lot, but no lot plan is published, so the shape of the site could not be confirmed.

⚠️ The listing has no photos of the property (only one photo of the broker's office), and we found no listing with photos of the same property on SUUMO, HOME'S or elsewhere. Retaining walls, any level difference with the road, stair access, whether it is a flag-shaped lot, whether it is attached to a neighbouring building, and the exterior condition have not been confirmed. Elevation data from the Geospatial Information Authority of Japan shows gently south-sloping flat ground around the map position, but the lot location is not confirmed, so this is for reference only. Anyone considering the property should check the lot shape and surveyed area on the cadastral map and survey plan, and the level differences and building condition on site.