Overview of Daiaparesu Tagajou (ダイアパレス多賀城)
Daiaparesu Tagajou (ダイアパレス多賀城) is a 30-year-old condominium located at Tagajoushi Geba 3 Choume 7-1 (多賀城市下馬3丁目7-1), Miyagi, Japan. Built in 1996, it comprises 99 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Daitokougyou (大都工業).
Pricing & Floor Plans
Based on 62 past listings, prices have ranged from 930〜2,280万円 (approx. $62,000–$152,000 USD at ¥150/$).
Unit sizes range from 55.4–76.2 sqm (596–820 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥26.2万/sqm (approx. $1,745/sqm or $162/sqft).
Location & Neighborhood
The property is located at Tagajoushi Geba 3 Choume 7-1 (多賀城市下馬3丁目7-1), Miyagi, Japan. It is a 5-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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 99 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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