Overview of Haitsu Machiya (ハイツ町屋)
Haitsu Machiya (ハイツ町屋) is a 40-year-old condominium located at Arakawaku Machiya 7 Choume 5-16 (荒川区町屋7丁目5-16), Tokyo, Japan. Built in 1986, it comprises 187 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Mitsubishi Kensetsu (三菱建設).
Pricing & Floor Plans
Based on 89 past listings, prices have ranged from 1,780〜5,880万円 (approx. $118,667–$392,000 USD at ¥150/$).
Unit sizes range from 58.9–109.5 sqm (634–1179 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥58.6万/sqm (approx. $3,905/sqm or $363/sqft).
Location & Neighborhood
The property is located at Arakawaku Machiya 7 Choume 5-16 (荒川区町屋7丁目5-16), Tokyo, Japan. It is a 14-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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.
Scale advantage: With 187 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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