Overview of Nagamachi Machi En Paakumanshon Ichiban Machi (長町街苑パークマンション一番街)
Nagamachi Machi En Paakumanshon Ichiban Machi (長町街苑パークマンション一番街) is a 37-year-old condominium located at Sendaishi Taihakuku Nagamachi 5 Choume 9-16 (仙台市太白区長町5丁目9-16), Miyagi, Japan. Built in 1989, it comprises 229 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 1,180〜3,280万円 (approx. $78,667–$218,667 USD at ¥150/$).
Unit sizes range from 50.8–104.5 sqm (547–1125 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 5LDK (5-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.8万/sqm (approx. $1,983/sqm or $184/sqft).
Location & Neighborhood
The property is located at Sendaishi Taihakuku Nagamachi 5 Choume 9-16 (仙台市太白区長町5丁目9-16), Miyagi, 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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 229 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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