Nestled in the scenic countryside of Uda City, Nara Prefecture, this unique property presents an exceptional opportunity for those seeking spacious rural living with the potential for multi-generational housing. Listed at ¥3,800,000 (approximately $24,800 USD), this steel-framed compound sits on an impressive 733 m² (7,890 ft²) of land, which includes a productive vegetable garden spanning 497 m² (5,350 ft²).

The property's standout feature is its dual-building configuration, making it particularly well-suited for two-family living arrangements. The main residence was constructed in 1974 as a lightweight steel-frame building with a galvanized steel roof, offering 176.69 m² (1,902 ft²) of living space across two stories in a generous 10DK floor plan. This configuration provides ample room for large families or the flexibility to accommodate multiple generations under one roof while maintaining privacy and independence.

Located along a prefectural road approximately 5 kilometers from the Kokura Interchange on the Meihan Expressway, the property offers the tranquility of rural life without complete isolation. The 40-meter-wide public road running along the south side of the site ensures easy access, while the location makes commuting to Osaka feasible for those who need to maintain urban connections. The land includes not just residential space but also forest and wilderness areas, adding to the property's appeal for nature enthusiasts.

The vegetable garden is a particularly attractive feature for those interested in self-sufficiency or organic farming. With nearly 500 square meters dedicated to cultivation, there's substantial opportunity for growing a wide variety of vegetables, herbs, and potentially even small fruit trees. This makes the property ideal for families looking to embrace a more sustainable, farm-to-table lifestyle.

It's important to note that the property does require some renovation work, which is reflected in its attractive price point. The building is equipped with electricity from Kansai Electric Power and public water supply, though it relies on septic tank systems for drainage and sewage. The property is subject to the Agricultural Land Law, which is typical for rural properties with significant farmland components.

With a brokerage fee of ¥191,400 and availability for delivery by February 2026, this property represents an affordable entry point into Japanese rural real estate for those willing to invest in renovations.

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For entrepreneurs seeking a prime commercial location, this distinctive property in Kyotanba-cho, Funai-gun, Kyoto Prefecture, offers exceptional visibility and potential. Priced at ¥8,000,000 (approximately $52,200 USD), this corner lot property sits strategically along National Route 9, one of Japan's major highways, ensuring consistent traffic flow and excellent exposure.

The property features a wooden single-story building constructed in November 1999, providing 65.28 m² (703 ft²) of usable space on a 226.15 m² (2,434 ft²) lot. The building's exterior is designed in an old-style Japanese aesthetic reminiscent of a folk art teahouse, which could be perfectly suited for various business ventures ranging from a traditional café to an artisan gallery or authentic restaurant. The south-facing orientation ensures natural light throughout the day, creating a welcoming atmosphere for potential customers.

Located approximately nine minutes by car from the Tamba IC on the Kyoto Jukan Expressway, the property benefits from excellent regional connectivity. The corner lot configuration, with frontage on both National Route 9 on the south side and a prefectural road on the west, maximizes visibility and provides flexible access options. This dual road access is particularly valuable for businesses that require customer parking or delivery access.

The property is ideally positioned in an area experiencing increasing health consciousness, making it particularly well-suited for food service ventures. The listing specifically suggests potential for an authentic minced meat restaurant, though the versatile building could accommodate various concepts. Nearby establishments include ramen shops and traditional rice-based restaurants, indicating an established food service corridor.

The building comes equipped with Kansai Electric Power electricity, propane gas, public water supply, and public sewer connections, ensuring all modern conveniences are readily available. The flat topography and paved road access make the property immediately usable without additional site preparation. With a building coverage ratio of 60% and a floor area ratio of 200%, there's also potential for future expansion if business grows.

The brokerage fee is set at ¥330,000, and the delivery date is negotiable with the seller, allowing for flexible closing arrangements to suit business planning timelines.

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This impressive 55-year-old single-story residence in the Mutsugaya area of Yokohama City represents a rare opportunity to own a traditional Japanese home with an exceptionally spacious lot. Listed at ¥48,800,000 (approximately $317,900 USD), the property combines classic Japanese architecture with a generous 1,106.95 m² (11,916 ft²) of land, making it one of the more substantial residential offerings in this guide.

Built in 1967, the home stands on what the listing describes as a remarkably spacious lot that's "surprisingly" large considering its accessibility. Located just a 13-minute walk from Gumyoji Station on the Keikyu Main Line, the property offers the increasingly rare combination of substantial land ownership and convenient public transportation access. This makes it practical for daily commuting while providing the space and privacy typically only found in more remote locations.

The single-story wooden structure encompasses approximately 139 m² (1,496 ft²) in a 4SLDK configuration, providing well-proportioned living spaces that flow in the traditional Japanese manner. The heavy tiled roof and wide veranda overlooking the spacious garden filled with well-maintained greenery and plants create an atmosphere of tranquil elegance. This type of expansive garden is increasingly uncommon in urban Yokohama, making the property particularly special for those who value outdoor space and natural beauty.

The property has an interesting ownership history—the current owner, a local landowner, inherited it from his parents. While maintaining such a large site and building has proven to be considerable work, this has motivated the sale at what appears to be a fair price for someone who will appreciate and care for the property. The owner's attachment to the home is evident in the detailed maintenance of the garden, which features mature plantings and thoughtful landscaping.

Once you enter through the impressive gate, you'll discover a spacious garden with well-maintained plants. The single-story house itself stands majestically within this green oasis. The home's interior reflects the owner's parents' attention to detail, particularly visible in the Western-style reception room, veranda, and kumiko woodwork throughout. The building is approximately 1.5 stories tall, so removing the ceiling would reveal exposed beams and create an impressively open space.

The property's 1,281 m² lot includes a registered land registry/setback area of approximately 12.6 m² at the front and 502 m² of forest in the back, with most of the forested area covered with trees and bamboo. Some areas have slight elevation differences that could be utilized for vegetable gardens or storage sheds if cleared.

However, prospective buyers should be aware of several important considerations. The property is 55 years old and showing some wear and tear due to age, requiring renovation work in the living room, dining room, kitchen, and bathroom areas. The building is deteriorating and repair costs will be required. Additionally, there are several boundary and access complications: part of the two-story wooden building extension crosses into neighboring land, trees on neighboring properties extend over the boundary, there's a car space crossing over into neighboring land, the site is in a special landslide warning area, there's an unsuitable retaining wall, and the property will be handed over without clear boundaries.

Despite these challenges, for someone with vision and renovation budget, this property offers an extraordinary canvas. The location in Mutsugaya, Minami Ward, Yokohama City provides a prestigious address with all modern utilities including main sewerage, public water supply, Tokyo Electric Power Company electricity, and propane gas. The property is zoned as Type 1 Low-Rise Residential Area with a 50% building coverage ratio and 100% floor area ratio, providing flexibility for future modifications within the existing structure.

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This well-positioned property in Hachioji City represents an excellent investment opportunity for those interested in rental income or future development. Priced at ¥6,300,000 (approximately $41,100 USD), the property offers a two-story wooden building constructed in October 1976, providing 36.55 m² (393 ft²) of living space in a 1DK configuration on a 45.23 m² (487 ft²) lot.

Located in the Inumecho area of Hachioji City, the property sits in a quiet residential neighborhood with abundant greenery and an excellent living environment. The location provides convenient access to both work and school, being just a one-minute walk from the Konohara bus stop, which connects to Nishi-Hachioji Station on the Chuo Main Line via a 22-minute bus ride. This accessibility makes it practical for commuters while maintaining the peaceful atmosphere of a residential area.

The property's compact size and 1DK layout make it particularly suitable as an investment property. The listing specifically mentions this potential, and the numbers support it—with an estimated full occupancy rent of ¥684,000 per year and a purchase price of ¥6,300,000, the property offers a surface yield of 10.86%, which is quite attractive for the Tokyo metropolitan area. This makes it an interesting proposition for investors seeking cash flow from rental income.

The building itself is currently vacant and available for immediate occupancy. While it shows its age at nearly 50 years old, it is equipped with modern conveniences including a heated toilet seat, closet, and shoebox storage. The property has access to all essential utilities and is connected to public sewerage, which is a significant advantage over properties that rely on septic systems.

The lot faces a 6-meter-wide public road on two sides (south and northeast), with an excluded setback area, which provides good natural light and ventilation. Parking is available for one vehicle free of charge, adding value for potential tenants. The property is zoned as Type 1 Low-Rise Residential with a 40% building coverage ratio and 80% floor area ratio, which is standard for this area of Hachioji.

Located within walking distance of Toyo Elementary School (400 meters) and Narahara Junior High School (900 meters), and with a supermarket just 850 meters away and a park 200 meters from the property, the location offers good convenience for families. The Kopio Narahara shopping facility is 750 meters away, providing additional shopping options.

The property is being sold "as is" according to the public record, with boundaries not specified. The brokerage is handled by Azumi Housing Co., Ltd., and the property does not require National Land Law notification. With no management fees or repair reserve funds to consider, and immediate delivery available, this represents a straightforward investment opportunity in the Tokyo area.

View Full Listing HERE

Here's another compelling investment opportunity in Hachioji City, also priced at ¥6,300,000 (approximately $41,100 USD). This property shares similarities with Property 4 but offers slightly different characteristics that may appeal to different investment strategies. Built in November 1976, this two-story wooden structure provides 36.55 m² (393 ft²) of living space in a 1DK floor plan on a 45.23 m² (487 ft²) lot in the Inumecho area.

The property benefits from excellent accessibility, located just a one-minute walk from the Konohara bus stop, with a 20-minute bus ride to Hachioji Station on the Chuo Main Line. This connection to one of Hachioji's main transportation hubs provides tenants with easy access to central Tokyo via the Chuo Line, a major commuter corridor. The quiet residential setting surrounded by greenery creates a pleasant living environment that appeals to tenants seeking respite from Tokyo's urban intensity.

What makes this property particularly noteworthy is its positioning as an investment vehicle. The listing explicitly recommends considering it as an investment property, highlighting the area's good living environment and convenient location for commuting to work or school. The compact 1DK layout is ideal for single professionals or students, demographics that form a stable rental market in the greater Tokyo area.

The building is currently vacant and available for immediate occupancy, providing flexibility for new owners to either place tenants immediately or undertake any desired improvements first. The property includes practical amenities such as a heated toilet seat, closet, and shoebox, meeting the basic expectations of modern Japanese renters. All essential utilities are connected, and the property benefits from public sewerage access rather than relying on a septic system.

The lot configuration provides road access on two sides (6 meters to the south and northeast), which enhances natural light and ventilation—important factors for tenant satisfaction in compact living spaces. One free parking space is included, a valuable feature in areas where parking can be scarce and expensive. The property is zoned as Type 1 Low-Rise Residential Area with standard ratios of 40% building coverage and 80% floor area.

The neighborhood amenities are well-suited to residential needs, with Toyo Elementary School 400 meters away, Narahara Junior High School 900 meters away, and a supermarket within 850 meters. A park just 200 meters from the property provides green space for recreation, while Kopio Narahara shopping facility 750 meters away offers additional commercial options.

The property is being sold according to public records with boundaries not specified and in its current "as is" condition. With a surface yield of 10.86% based on estimated full occupancy rent of ¥684,000 annually, this represents a solid cash-flow opportunity for investors seeking stable rental income in the Tokyo metropolitan area. There are no management fees or repair reserve funds, simplifying the ownership structure.

View Full Listing HERE

This more spacious offering in Hachioji City provides substantially more living space at a competitive price point. Listed at ¥6,500,000 (approximately $42,400 USD), this property features a two-story wooden building constructed in November 1982, offering 55.4 m² (596 ft²) of living space in a 3DK configuration on an 88.09 m² (948 ft²) lot.

Located in the Uchikoshicho area of Hachioji City, the property is positioned within a convenient 12-minute walk from Kitano Station on the Keio Line, one of the major railway lines connecting western Tokyo to central areas. This walk-to-station proximity is highly valued in the Tokyo metropolitan area, as it eliminates dependence on buses and provides more flexible commuting options. The Keio Line offers direct connections to Shinjuku, one of Tokyo's major hubs, making this property particularly practical for commuters.

The 3DK floor plan offers significantly more space than typical 1DK investment properties, making it suitable for small families or sharers rather than just single occupants. This layout includes three separate rooms plus a dining-kitchen area, providing flexibility for various household configurations. At 43 years old, the building is younger than Properties 4 and 5, though it still represents a vintage structure that may require updating depending on tenant expectations and rental positioning.

The property is currently vacant and available for immediate occupancy, which provides flexibility for new owners. The lot is zoned as Type 1 Low-Rise Residential Area with a 40% building coverage ratio and 80% floor area ratio, standard for established residential neighborhoods in Hachioji. The property has access to all standard utilities and is positioned on relatively flat land, which simplifies access and use.

While the listing doesn't specify parking availability or some other details present in similar properties, the larger floor plan and proximity to Kitano Station make this property particularly interesting for those targeting family renters or those seeking more space. The walking distance to the station, while not immediate, is well within the acceptable range for Tokyo commuters and may actually be preferable to some who seek slightly quieter surroundings while maintaining good access.

The property is being sold as-is with all standard utility connections in place. With no management fees or repair reserve funds, and immediate delivery available, this represents a straightforward acquisition. The location in Uchikoshicho provides a good balance of residential quiet and urban accessibility, making it attractive to a range of potential tenants or owner-occupiers.

View Full Listing HERE

This final property offering represents a unique opportunity for those interested in vintage Japanese architecture and potential renovation projects. Priced at ¥6,500,000 (approximately $42,400 USD), this single-story wooden building constructed in September 1969 provides 37.73 m² (406 ft²) of living space in a 2K configuration on a generous 109.86 m² (1,182 ft²) lot.

Located in the Nishiterakatacho area of Hachioji City, the property is positioned a 12-minute bus ride from Takao Station on the Chuo Main Line, followed by a three-minute walk from the Kawarajuku Ohashi bus stop. This location places the property near the foothills of Mount Takao, one of Tokyo's most popular hiking destinations and a area known for its natural beauty and slightly more rural character while remaining within the Tokyo metropolitan area.

At 56 years old, this is the oldest building among all seven properties featured in this article. This age is significant and means the structure represents truly vintage Japanese construction methods and styling. The 2K floor plan (two rooms plus kitchen) reflects the more compact living standards of the 1960s, though the relatively large lot size of nearly 110 square meters provides options for potential expansion or outdoor use that aren't available with the smaller lots of Properties 4 through 6.

The property is currently vacant and available for immediate occupancy, which is particularly important for a building of this age as it allows prospective buyers to thoroughly inspect the structure and plan any necessary renovations before use. The single-story configuration simplifies both construction assessment and potential renovation work, as there are no concerns about load-bearing requirements for upper floors or staircase configurations.

The lot is zoned as Type 2 Medium and High Residential Area with a 60% building coverage ratio and 200% floor area ratio. These more permissive ratios provide significantly more development potential than the Type 1 Low-Rise zones of the other Hachioji properties, potentially allowing for substantial expansion or even replacement with a larger structure if desired. This zoning flexibility is one of the property's most valuable attributes.

The property has access to all standard utilities and is positioned in an established residential neighborhood. The Nishiterakatacho location provides a more naturalistic setting compared to central Hachioji, which may appeal to those seeking a quieter, more nature-oriented lifestyle while maintaining access to Tokyo's transportation networks through the nearby Takao Station.

Given the building's age and the single-story construction, this property is best suited for buyers who are either comfortable with significant renovation work or who are primarily interested in the land value and development potential afforded by the larger lot and favorable zoning. The property is being sold as-is with immediate delivery available and no management fees or repair reserve funds to consider.

View Full Listing HERE

Located in the quiet Miyamacho neighborhood of Hachioji City, Tokyo, this property presents an intriguing opportunity for buyers seeking space at an accessible price point. Listed at ¥5,550,000 (approximately $36,275 USD), this single-story wooden home sits on a notably generous lot of 181 square meters (1,948 square feet), offering far more land than typically found at this price point in the Tokyo metropolitan area.

The home itself encompasses 46.27 square meters (498 square feet) of building area, featuring a 3K floor plan that provides three rooms plus a kitchen. Originally constructed in October 1969, the property shows its age at over 56 years old, but this is reflected in its attractive pricing. The wooden construction is typical of Japanese homes from this era, and while the building will require updates, the substantial land size offers flexibility for future renovation or rebuilding plans.

Transportation to this property involves a 38-minute bus ride from Hachioji Station on the Chuo Main Line, followed by a brief 2-minute walk from the Nakai bus stop. While this distance from the station may seem significant, it's balanced by the property's location in Hachioji's adjustment area, which provides a quieter, more residential atmosphere away from urban congestion. The property currently sits vacant, allowing for immediate occupancy or renovation work to begin without delay.

The land rights come with full ownership, providing complete control over the property without the complications of leasehold arrangements. Parking is available, though specific details aren't provided in the listing. The property's zoning falls under "not specified" within an urban planning adjustment area, which typically allows for more flexible use compared to strictly regulated residential zones.

For buyers considering this property, the key attraction lies in the land value rather than the existing structure. The combination of nearly 2,000 square feet of owned land in the Tokyo metropolitan area at this price point is increasingly rare, making this an interesting prospect for those willing to invest in renovations or even complete rebuilding. The Hachioji area offers good access to central Tokyo while maintaining a more affordable cost of living, with adequate shopping, schools, and medical facilities serving the local community.

View Full Listing HERE

Situated in Edogawa Ward's Kamishinozaki neighborhood, this two-story wooden property offers a more urban living experience compared to the previous listing. Priced at ¥5,800,000 (approximately $37,908 USD), the home provides 31.39 square meters (338 square feet) of registered building area on a compact 29.75 square meter (320 square foot) lot, which is characteristic of Tokyo's densely populated residential areas.

Built in March 1965, this property at over 61 years old represents one of the older structures in this collection. The 2K floor plan includes two rooms plus a kitchen, distributed across two floors to maximize the limited footprint. The compact nature of both the building and land reflects typical urban Tokyo residential development, where vertical building makes efficient use of expensive land.

Access to this property is notably convenient for Tokyo standards, with just a 16-minute walk from Shinozaki Station on the Toei Shinjuku Line. Alternative access includes a 34-minute walk from Mizue Station, also on the Toei Shinjuku Line. This walkable distance to the station significantly enhances the property's appeal, as it eliminates dependence on bus schedules and provides direct access to Tokyo's extensive rail network.

The property requires setback considerations, as noted in the listing. This typically means that any future renovation or rebuilding must account for specific distance requirements from property boundaries, which is common in older Tokyo neighborhoods where properties were built before current building codes were established. Additionally, the listing notes this is "not a road with a full-length walkway and construction work in progress," suggesting some access limitations that potential buyers should investigate.

The location in Edogawa Ward places residents in one of Tokyo's 23 special wards, with good access to shopping, schools, and public facilities. The area is known for its relatively family-friendly atmosphere while maintaining excellent connectivity to central Tokyo business districts. The property falls within a first-class low residential area under urban planning designations, which helps preserve the residential character of the neighborhood.

Despite the age and compact size, this property's urban location and station proximity make it an interesting option for buyers seeking an affordable entry point into Tokyo property ownership. The building coverage ratio of 40% and floor area ratio of 80% indicate the construction standards for the area, which would apply to any future rebuilding projects.

View Full Listing HERE

Moving away from central Tokyo, this property in Ome City's Umego neighborhood offers a completely different living experience. Listed at ¥5,800,000 (approximately $37,908 USD), this single-story wooden home provides considerably more space than its urban counterparts, with a building area of 40.39 square meters (435 square feet) on an expansive 216.34 square meter (2,329 square foot) lot.

Constructed in March 1963, making it 63 years old, this property reflects the rural Japanese home-building style of the post-war era. The 2DK floor plan includes two rooms plus a dining-kitchen area, providing a practical layout for comfortable living. The generous land size, more than seven times larger than the building footprint, offers substantial outdoor space and potential for gardens, storage, or future expansion.

The location in Ome City represents a significant departure from urban living, situated in the mountainous western region of Tokyo prefecture. Access involves an 18-minute walk from Ishigamimae Station on the JR Ome Line, with an alternative 21-minute walk from Hinatawada Station. While these walking distances are substantial, they're typical for rural areas and are offset by the property's natural surroundings and spacious lot.

The property sits in a first-class low residential area, ensuring the neighborhood maintains its quiet, residential character. The building coverage ratio of 40% and floor area ratio of 80% are identical to the previous Edogawa property, but the much larger lot size here means significantly more development potential if future building is desired. Full ownership rights provide complete control of the land.

Ome City is known for its natural beauty, hiking trails, and mountain scenery, making it popular with those seeking a slower pace of life while remaining technically within Tokyo prefecture. The area offers fresh air, abundant nature, and a tight-knit community atmosphere. Local amenities include a convenience store about 6 minutes away by foot and a park approximately 5 minutes away, though residents will find the commercial infrastructure more limited than in urban areas.

The property is currently vacant, has parking available, and offers the peaceful, nature-oriented lifestyle that attracts many people to rural Japanese communities. For buyers willing to embrace countryside living while maintaining reasonable access to Tokyo (via the JR Ome Line to Shinjuku), this property offers exceptional space and land value.

View Full Listing HERE

Returning to Hachioji City but in a different neighborhood, this property in Kawaguchicho offers a spacious family-oriented option. Priced at ¥5,800,000 (approximately $37,908 USD), this two-story wooden structure provides 71.2 square meters (766 square feet) of building area on a 113 square meter (1,217 square foot) registered lot, representing the most substantial building among the properties reviewed so far.

Built in January 1986, this property is 40 years old, making it significantly newer than most others in this collection. The 4DK floor plan includes four rooms plus a dining-kitchen area, distributed across two floors. This layout provides genuine family accommodation with enough space for bedrooms, living areas, and storage, making it suitable for couples or small families rather than just single occupants or investors.

Transportation requires a 28-minute bus ride from Hachioji Station on the Chuo Main Line, followed by a 5-minute walk from the Enoki bus stop. While the bus dependency may be less convenient than station-accessible properties, the trade-off comes in the form of larger living space and more affordable land costs typical of areas farther from station access.

The property features parking for one vehicle included in the price, a valuable amenity in Japan where parking often costs extra. The location falls within a semi-industrial urban planning zone rather than strictly residential, which provides more flexibility in property use but may mean the neighborhood includes some commercial or light industrial facilities alongside homes.

Road access comes via a northeast-facing 4-meter private road with one-way traffic, which is typical for older Japanese residential developments. The building coverage ratio of 60% and floor area ratio of 200% indicate this semi-industrial zoning allows for denser development than purely residential areas. The property currently stands vacant, ready for new owners to move in or renovate as desired.

Kawaguchicho benefits from Hachioji's strong infrastructure while maintaining a residential atmosphere. Nearby facilities include Kawaguchi Elementary School (1,050 meters away) and Kawaguchi Junior High School (1,224 meters away), making this an attractive option for families with school-age children. The property's combination of size, relative youth, and family-friendly layout distinguishes it from the smaller, older properties in this collection.

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Located in Nishitokyo City's Mukodaicho neighborhood, this property presents a unique opportunity for renovation enthusiasts. Listed at ¥5,800,000 (approximately $37,908 USD), the home currently exists in a mostly skeletal state, which the listing specifically notes as "easy to renovate." This two-story wooden structure provides 47.63 square meters (513 square feet) of building area on a 42.44 square meter (457 square foot) lot.

Originally built in August 1964, making it over 61 years old, the property's skeletal condition likely resulted from partial demolition or extensive gutting. While this may initially seem concerning, it actually represents an opportunity for buyers to completely customize the interior space to their exact specifications while avoiding the cost and effort of demolition work. The 4K floor plan indicates the intended layout includes four rooms plus a kitchen across two floors.

Location represents one of this property's strongest features, with a 19-minute walk from Tanashi Station on the Seibu Railway Shinjuku Line and a 20-minute walk from Hanakoganei Station on the same line. This dual-station access provides flexibility and reliability for commuters. Nishitokyo City enjoys a reputation as a comfortable residential area with good access to central Tokyo while maintaining more manageable property prices than inner Tokyo wards.

The property falls within a first-class low residential area in an urbanized zone, with a building coverage ratio of 40% and floor area ratio of 80%. One significant constraint noted in the listing is that rebuilding is not permitted due to incompatible road access. This means the current structure can be renovated extensively, but complete demolition and rebuilding would not be allowed under current building codes. This limitation explains part of the attractive pricing and should be carefully considered by potential buyers.

Despite the rebuilding restriction, the renovation potential remains significant. The skeletal state allows buyers to see the structure clearly and plan renovations with full visibility of the bones of the building. The area surrounding the property includes good local amenities, with Nishitokyo Municipal Uemukaidai Elementary School just 290 meters away and Nishitokyo Municipal Tanashi Daiichi Junior High School at 750 meters, making it suitable for families despite the renovation needs.

Additional nearby conveniences include a supermarket at 400 meters, convenience store at 740 meters, drugstore at 780 meters, general hospital at 850 meters, and a park at 900 meters. This comprehensive local infrastructure makes daily life convenient while renovation work proceeds. For buyers with vision and renovation skills, this property offers the chance to create a customized home in a well-located neighborhood at an affordable entry price.

View Full Listing HERE

Located in Naraharacho, another Hachioji City neighborhood, this property stands out as being specifically marketed for its rental income potential. Priced at ¥5,880,000 (approximately $38,431 USD), the listing prominently features an expected yield of approximately 10.04% with estimated monthly rent of ¥54,000 (about $353 USD), generating an annual income of ¥648,000 (approximately $4,235 USD).

This two-story wooden structure provides 63.33 square meters (682 square feet) of building area on a 66.11 square meter (712 square foot) lot. Built in December 1975, the property is now 50 years old but appears to be in condition suitable for rental occupation. The 4DK floor plan includes four rooms plus a dining-kitchen area, providing enough space to appeal to rental tenants seeking family accommodation or shared housing.

Transportation involves a 16-minute bus ride from Nishi-Hachioji Station on the Chuo Main Line, followed by a 2-minute walk from the Jinja-mae bus stop. The bus access, while less convenient than walking to a station, is balanced by the property's proximity to the bus stop and frequent service availability noted in the listing. Many commercial facilities are mentioned as being nearby, supporting both owner-occupied and rental scenarios.

The property falls within a Type 1 residential area under urban planning designations, with a building coverage ratio of 60% and floor area ratio of 200%. This residential zoning helps ensure the neighborhood maintains its character while providing adequate development density. Road access comes from the north via a public road with one-way traffic, typical of established residential neighborhoods.

One important consideration mentioned in the listing is that the north side road does not qualify as a road under the Building Standards Act, meaning the property cannot be rebuilt. This is similar to the Nishitokyo property discussed earlier, limiting future options to renovation rather than complete redevelopment. However, for buyers primarily interested in the rental income stream, this limitation may be less significant than the current yield potential.

The property's proximity to Narahara Elementary School (700 meters) and Narahara Junior High School (450 meters) makes it attractive to families, which supports the rental market. Additional nearby amenities include a supermarket at 960 meters, convenience store at 330 meters, and drugstore at 490 meters. A park at 1,260 meters and bank at 590 meters round out the local infrastructure.

For investors seeking cash flow from Japanese real estate, this property's marketed 10% yield is attractive compared to typical Japanese real estate returns. The specific rental income projections and facilities/special notes about separate bathroom and toilet add to its rental appeal. This represents one of the few properties in this collection explicitly positioned as an investment vehicle rather than primarily for owner-occupation.

View Full Listing HERE

Our final property is another Naraharacho, Hachioji City listing, this one also explicitly marketed for its investment potential. Also priced at ¥5,880,000 (approximately $38,431 USD), this property shares the same yield characteristics as Property 6, featuring a surface yield of 10.04% with annual income of ¥648,000 (approximately $4,235 USD).

This two-story wooden home provides 63.33 square meters (682 square feet) of building area on 66.11 square meters (712 square feet) of land. Built in December 1975, the property is currently 50 years and 3 months old. The 4DK floor plan, identical to the previous property, offers four rooms plus a dining-kitchen space distributed across two floors, providing practical family-sized accommodation suitable for the rental market.

Access mirrors the previous Naraharacho property, with a 16-minute bus ride from Nishi-Hachioji Station on the Chuo Main Line, followed by a 2-minute walk from the Jinja-mae bus stop. This reasonable bus access combined with the proximity to the bus stop makes daily commuting manageable for potential tenants or owner-occupants.

The property falls within a Type 1 residential urban planning area with a building coverage ratio of 60% and floor area ratio of 200%, matching the previous property. The listing includes a note that the north side road does not meet Building Standards Act requirements, meaning rebuilding is not permitted. However, extensive renovation remains possible, and for investment-focused buyers, the restriction on rebuilding is offset by the current condition and rental potential.

The home currently sits vacant and ready for immediate occupancy or rental preparation. While specific details about the property's condition aren't extensively outlined, the fact it's being marketed with specific rental income projections suggests it's in suitable condition for tenant occupation, possibly with minor cosmetic updates.

The neighborhood offers the same strong infrastructure as the previous Naraharacho property, with schools nearby (Hachioji City Narahara Elementary School and Narahara Junior High School), supporting family rental demand. Shopping facilities include local supermarkets, convenience stores, and drugstores within walking distance, essential for daily life and attractive to rental tenants.

For investors evaluating this property, the key considerations include the projected 10% rental yield, the property's age and condition relative to the expected rent, ongoing maintenance costs, and potential tax benefits available to foreign property investors in Japan. The inability to rebuild should be weighed against the current income potential and the property's remaining useful life. As a rental investment at under $40,000 USD with marketed double-digit yields, this represents an accessible entry point into Japanese real estate investment.

View Full Listing HERE

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