Overview of Neokoopo Tsurumi Ryokuchi 2 Bangai (ネオコーポ鶴見緑地２番街)
Neokoopo Tsurumi Ryokuchi 2 Bangai (ネオコーポ鶴見緑地２番街) is a 43-year-old condominium located at Oosakashi Tsurumiku Yokozutsumi 1 Choume 12-13 (大阪市鶴見区横堤1丁目12-13), Osaka, Japan. Built in 1983, it comprises 160 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 65 past listings, prices have ranged from 1,290〜3,080万円 (approx. $86,000–$205,333 USD at ¥150/$).
Unit sizes range from 54.1–73.7 sqm (582–793 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥46.5万/sqm (approx. $3,099/sqm or $288/sqft).
Location & Neighborhood
The property is located at Oosakashi Tsurumiku Yokozutsumi 1 Choume 12-13 (大阪市鶴見区横堤1丁目12-13), Osaka, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 160 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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