Overview of Apashitei Higashi Sanjoueki Ichiban Kan (アパシティ東三条駅壱番館)
Apashitei Higashi Sanjoueki Ichiban Kan (アパシティ東三条駅壱番館) is a 25-year-old condominium located at Sanjou Shi Higashi Sanjou 1 Choume 22-10 (三条市東三条1丁目22-10), Niigata, Japan. Built in 2001, it comprises 126 units in a Reinforced Concrete (RC) structure. It was constructed by Apa Kensetsu (アパ建設).
Pricing & Floor Plans
Based on 42 past listings, prices have ranged from 930〜1,880万円 (approx. $62,000–$125,333 USD at ¥150/$).
Unit sizes range from 63.0–105.0 sqm (678–1130 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4SLDK (4-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.6万/sqm (approx. $1,109/sqm or $103/sqft).
Location & Neighborhood
The property is located at Sanjou Shi Higashi Sanjou 1 Choume 22-10 (三条市東三条1丁目22-10), Niigata, Japan. It is a 3-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 25 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 126 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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