Overview of Asahi Puraza Itsutsubashi (朝日プラザ五橋)
Asahi Puraza Itsutsubashi (朝日プラザ五橋) is a 43-year-old condominium located at Sendaishi Aobaku Itsutsubashi 2 Choume 6-12 , 7-8 , 8-7 (仙台市青葉区五橋2丁目6-12、7-8、8-7), Miyagi, Japan. Built in 1983, it comprises 75 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Goyoukensetsu (五洋建設).
Pricing & Floor Plans
Based on 165 past listings, prices have ranged from 300〜3,090万円 (approx. $20,000–$206,000 USD at ¥150/$).
Unit sizes range from 15.2–74.5 sqm (164–802 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2K (2-bedroom w/ kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3DK (3-bedroom w/ dining-kitchen), 1LDK (1-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥28.6万/sqm (approx. $1,908/sqm or $177/sqft).
Location & Neighborhood
The property is located at Sendaishi Aobaku Itsutsubashi 2 Choume 6-12 , 7-8 , 8-7 (仙台市青葉区五橋2丁目6-12、7-8、8-7), Miyagi, Japan. It is a 3-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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 75 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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