Overview of Asahi Puraza Itsutsubashi 4 (朝日プラザ五橋４)
Asahi Puraza Itsutsubashi 4 (朝日プラザ五橋４) is a 40-year-old condominium located at Sendaishi Aobaku Itsutsubashi 2 Choume 6-12 (仙台市青葉区五橋2丁目6-12), Miyagi, Japan. Built in 1986, it comprises 46 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sanpei Kougyou (三平興業).
Pricing & Floor Plans
Based on 65 past listings, prices have ranged from 520〜3,090万円 (approx. $34,667–$206,000 USD at ¥150/$).
Unit sizes range from 22.5–74.5 sqm (242–802 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1R (Studio).
Estimated price per sqm: ¥34.1万/sqm (approx. $2,275/sqm or $211/sqft).
Location & Neighborhood
The property is located at Sendaishi Aobaku Itsutsubashi 2 Choume 6-12 (仙台市青葉区五橋2丁目6-12), 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 40 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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