Overview of Manhaimu Benten Machi (マンハイム弁天町)
Manhaimu Benten Machi (マンハイム弁天町) is a 42-year-old condominium located at Oosakashi Minatoku Nami Jo 5 Choume 6-10 (大阪市港区波除5丁目6-10), Osaka, Japan. Built in 1984, it comprises 179 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 97 past listings, prices have ranged from 1,150〜3,480万円 (approx. $76,667–$232,000 USD at ¥150/$).
Unit sizes range from 44.8–71.5 sqm (482–770 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥45.7万/sqm (approx. $3,047/sqm or $283/sqft).
Location & Neighborhood
The property is located at Oosakashi Minatoku Nami Jo 5 Choume 6-10 (大阪市港区波除5丁目6-10), Osaka, 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 42 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 179 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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