Overview of Tagajou Rojuman (多賀城ロジュマン)
Tagajou Rojuman (多賀城ロジュマン) is a 37-year-old condominium located at Tagajoushi Higashida Naka 2 Choume 40-26 (多賀城市東田中2丁目40-26), Miyagi, Japan. Built in 1989, it comprises 90 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kashima Kensetsu , Takenakakoumuten (鹿島建設、 竹中工務店).
Pricing & Floor Plans
Based on 300 past listings, prices have ranged from 750〜3,980万円 (approx. $50,000–$265,333 USD at ¥150/$).
Unit sizes range from 61.3–206.2 sqm (660–2220 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), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥15.5万/sqm (approx. $1,034/sqm or $96/sqft).
Location & Neighborhood
The property is located at Tagajoushi Higashida Naka 2 Choume 40-26 (多賀城市東田中2丁目40-26), Miyagi, Japan. It is a 6-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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 90 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.
Analyze this property's fair price and negotiation room for free at RE:public.