Overview of Raionzumanshon Oshiage (ライオンズマンション押上)
Raionzumanshon Oshiage (ライオンズマンション押上) is a 45-year-old condominium located at Sumidaku Narihira 3 Choume 4-13 (墨田区業平3丁目4-13), Tokyo, Japan. Built in 1981, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Kirikoshi Kensetsu (桐越建設).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 1,980〜4,680万円 (approx. $132,000–$312,000 USD at ¥150/$).
Unit sizes range from 58.2–67.8 sqm (626–730 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Sumidaku Narihira 3 Choume 4-13 (墨田区業平3丁目4-13), Tokyo, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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