Compact Investment Apartment in Tokyo's Historic Shitaya District
This studio apartment, located on the 10th floor of a reinforced concrete building in Tokyo's Taito Ward, offers a unique investment opportunity with an existing tenant in place. The property features a wall-core exclusive area of 20.72 sqm (approximately 6.26 tsubo) and is priced at 16.4 million yen. Monthly running costs include a 7,900 yen management fee and a 6,600 yen repair reserve fund. The unit is a top-floor, northwest-facing corner room, providing two-sided natural light and excellent views.
Key building features include a newly installed auto-lock main entrance (November 2025) and a non-touch tag key system for secure access. The apartment itself is equipped with a unit bath (combined bathroom, washbasin, and toilet), flooring throughout, an electric cooking stove, and storage. The building offers an elevator, a bicycle parking area (monthly fee of 200 yen), and is pet-friendly under the condominium regulations (dogs and cats allowed, up to 2 pets, shoulder height within 50cm). The property is currently tenanted, with an annual projected rental income of 842,400 yen and an estimated yield of 5.13%.
The location is highly convenient, within a 5-minute walk from the Tokyo Metro Hibiya Line's Iriya Station and a 9-minute walk from both the JR Yamanote Line and Keihin-Tohoku/Negishi Line's Uguisudani Station, offering access to two major train lines. The immediate neighborhood provides daily necessities with a Hanamasa meat store 130m away, a MINISTOP convenience store 160m away, and various supermarkets, drugstores, and restaurants within a short walking distance.
The Shitaya area of Taito Ward is rich in history and culture. An interesting local fact is that the nearby Uguisudani area was historically known for its nightingale-filled valleys, which inspired its poetic name. The district is also a short distance from major cultural sites. The closest major tourist attraction is the iconic Tokyo Skytree, one of the world's tallest towers, easily accessible via the Hibiya Line and offering panoramic views of the metropolis.
