Open Residence Hongo no Mori: A Modern Tokyo Investment Apartment
This property is a 2LDK apartment located on the 7th floor of the 15-story "Open Residence Hongo no Mori" building in Bunkyo Ward, Tokyo. The unit boasts a spacious 45.07 sqm (approximately 13.63 tsubo) floor plan and was newly constructed in August 2024. It is currently tenanted, meaning indoor viewings are not possible, and the buyer will need to take over the existing lease agreement.
The apartment features underfloor heating (TES) in the living-dining area and benefits from the building's security amenities, including an auto-lock system, security cameras, and sensors. The building itself is a reinforced concrete structure with 28 total units. The property is strategically located within a 2-minute walk from the Toei Oedo Line's Hongo-sanchome Station and a 4-minute walk from the Tokyo Metro Marunouchi Line's Hongo-sanchome Station, offering excellent access to two major subway lines.
According to agent notes, the projected annual rental income at full occupancy is 3,120,000 yen, with a projected yield of 2.9%. It is critical to note the following translated remarks: "*The yield is the ratio of annual rental income (including common area fees, etc.) to the sales price, before deducting public charges and other expenses necessary to maintain the property. Furthermore, the projected rent and projected yield are calculated based on market rent, adding rent for vacant portions and assuming full occupancy. *Rental income is not guaranteed to be reliably obtained in the future. (As of the survey date: March 19, 2026)." Additional notes state: "Currently rented (lease agreement takeover required) / Indoor viewing is not possible."
The surrounding Hongo area is part of Tokyo's prestigious Bunkyo Ward, known for its academic atmosphere as it is home to the University of Tokyo's main campus. An interesting local fact is that the neighborhood retains a historic ambiance with several preserved Meiji-era buildings, blending old Tokyo with modern city life. The closest major landmark is the iconic Tokyo Dome City complex, a short train ride away, which offers a large stadium, an amusement park, and extensive shopping and dining facilities.
