What can you buy for $170,000 or Less in Japan?

In this installment in the “what can you buy” series, we take a look at what you can buy around Japan for about $166,000 (¥18,000,000) or less. Featured properties include two with excellent investment potential near the tourist-friendly neighborhoods of Ueno and Asakusa, a whole apartment building in Sapporo, and a house near the Arashiyama bamboo forest.

To put this price point in perspective,

After the examples, we give answers to FAQs about buying property in Japan as a foreigner.

Let’s look at a few examples of what’s currently on the market.

Renovated Apartment in Ueno – 7.1% Estimated Gross Yield

Where: Excellent location, 14-min walk from Ueno Station on the Yamanote line. Super tourist-friendly location (near Ueno Zoo and the museum district), with easy access to Tokyo Station and Narita Airport.

Nicely renovated, currently tenanted apartment for sale in the heart of Ueno. Please click on the photo for the full listing and to inquire directly to the agent.

Price: ¥14,300,000 ($132,000)

Size and Layout: 19.71 m² (214-sqft) 1R studio apartment

Floors: 2nd-story in 9-story buiding

Land rights: Freehold

Year Built: 1992, recently renovated

Notes: Currently tenanted with an estimated gross yield of 7.1%. Buy for yourself or as an investment property.

Apartment in Asakusa – 5-min walk from Sensoji Temple!

Where: Amazing location, 5-min walk from Sensoji (one of Tokyo’s oldest and most popular temples), 6-min walk from Asakusa Station on the Tokyo Metro Ginza line.

Lantern under Kaminarimon gate at Senso-ji temple, Asakusa, Tokyo. Image: iStock

10th-floor 1R apartment for sale in Asakusa. Please click on the photo for the full listing and to inquire directly to the agent.

Price: ¥15,400,000 ($142,000)

Size and Layout: 23.48 m² (248-sqft) 1R studio apartment

Floors: 10th-floor in 11-story buiding

Land rights: Freehold

Year Built: 1992

Notes: Great location between Sensoji Temple and the Sumida River. Excellent potential as a rental property or for your own use.

Whole Apartment Building in Sapporo – Easy Access to New Chitose Airport — 22.73% Gross Yield

Where: 7-min walk from Nango Juhatchome Station on the Sapporo Municipal Subway Tōzai, 10-min direct to Shin Sapporo Station and 40-min direct to Shin Chitose Airport.

Tenanted whole apartment building in Sapporo. Please click on the photo for the full listing and to inquire directly to the agent.

Price: ¥18,000,000 ($166,000)

Size and Layout: 267.02 m² (2,874-sqft) whole building

Floors: 3-stories

Land rights: Freehold

Year Built: 1986

Notes: 1R unit, six 1DK units, 2 retail shops on ground floor. Some units have A/C installed. Currently tenanted with estimated gross yield of 22.7%.

Apartment Near Temmabashi Station – 15-min walk to Osaka Castle!

Where: Excellent location in central Osaka, 15-min walk from Osaka Castle, 7-min walk from Temmabashi Station on the Keihan Main line, one stop from Kyobashi Station, a major interchange station.

Osaka Castle, via Wikimedia

Apartment for sale in central Osaka. Please click on the photo for the full listing and to inquire directly to the agent.

Price: ¥17,800,000 ($164,000)

Size and Layout: 23.04 m² (248-sqft) 1K (studio)

Floors: 3rd-floor in 15-story building

Land rights: Freehold

Year Built: 2015

Notes: Excellent location in central Osaka, with easy access to the rest of the city. Buy for yourself or as an investment property.

House for Sale in Kyoto – 18-min walk to Arashiyama Bamboo Forest

Where: 3-min walk from Rouoin Station on the Keifuku Electric Railroad Arashiyama Main line, 6-min walk from Saga Arashiyama Station, 18-min walk from Arashiyama bamboo forest.

Arashiyama bamboo forest via Wikimedia

House for sale in Ukyo Ward, Kyoto. Please click on the photo for the full listing and to inquire directly to the agent.

Price: ¥17,800,000 ($164,000)

Size and Layout: 23.04 m² 3DK (248-sqft)

Floors: 2-stories

Land rights: Freehold

Year Built: 1998

Notes: Quiet location in residential neighborhood, within walking distance of the famous Arashiyama bamboo forest. Western and Japanese-style rooms.


FAQs About Buying Property in Japan

How do I get a property loan as a foreigner in Japan?

Please see this article for information on: Getting a property loan as a foreigner in Japan

What is the process for buying a property in Japan?

Please see our step-by-step guide: Guide to Property in Japan

See how much you can borrow and your monthly payments in yen: Yen Mortgage Loan Calculator

For information about purchase and brokerage fees: Breakdown of real estate purchase fees and taxes in Japan

Need to know: Earthquake building codes and technology in Japan

Bilingual Real Estate Agent in Tokyo Answers Your FAQs on Buying and Managing an Investment Property

How much is my property worth?

Real Estate Japan is pleased to offer free, no obligation appraisals for owners of property in Japan. Please click here and fill out the form: How much is my property worth?

7 situations when you should consider selling your investment property in Japan

What are the main factors affecting home sale prices in Japan in 2019?

Seminars on Buying Property in Japan

Please see our seminar page for a current list of seminars on: how to buy a home in Japaninvesting in Japanese real estate for beginnershow to apply for permanent residency in Japanhow to sell property in Japan, and much more.


Lead photo: Ueno Park cherry blossoms via iStock