Matsue Heights: A Well-Located Investment Apartment Building in Shinagawa, Tokyo
Matsue Heights is a five-unit apartment building located in the Higashi-Oi 1-chome district of Shinagawa Ward, Tokyo. Constructed in August 1982, this steel-framed building offers a total floor area of 197.22 sqm (approximately 59.65 tsubo) on a land plot of 99.17 sqm (approximately 29.99 tsubo). The property is situated in a commercial neighborhood zone within an urbanization promotion area, with a building-to-land ratio of 80% and a floor area ratio of 300%. The land is flat and rectangular in shape.
The building is equipped with city gas, air conditioning, hot water supply, separate bath and toilet facilities, CATV, and security cameras. Access to the property is via a one-way road on the northwest side, which is 7.1 meters wide.
Critical agent notes have been translated and are as follows: The property is currently fully occupied as of October 2025 (Reiwa 7). However, the projected annual rental income is not guaranteed. The projected yield is calculated before deducting taxes, public charges, and other necessary maintenance costs for the property. As this is an owner-change transaction, the condition is the takeover of the existing lease agreements. Regarding defect liability exemption and building condition surveys: The seller has no plans to conduct one. The seller will designate a judicial scrivener.
The location offers excellent transportation access, being just a 2-minute walk from Samezu Station on the Keikyu Main Line, a 9-minute walk from Aomono-Yokocho Station on the same line, and a 12-minute walk from Oimachi Station, which is served by the Keihin-Tohoku and Negishi Lines. The area of Shinagawa is a major transportation and business hub, blending modern skyscrapers with historic neighborhoods. An interesting local fact is that Shinagawa was the first of the 53 post stations on the historic Tokaido road during the Edo period. The closest major landmark is the Shinagawa Prince Hotel complex, a large entertainment and accommodation facility known for its event spaces and aquarium.
