Overview of Touhou Manshon Nakagawa (東峰マンション那珂川)
Touhou Manshon Nakagawa (東峰マンション那珂川) is a 31-year-old condominium located at Nakagawa Shi Naka 3 Choume 17-1 (那珂川市仲3丁目17-1), Fukuoka, Japan. Built in 1995, it comprises 205 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Moriya Kumi (守谷組).
Pricing & Floor Plans
Based on 87 past listings, prices have ranged from 798〜3,630万円 (approx. $53,200–$242,000 USD at ¥150/$).
Unit sizes range from 57.4–142.1 sqm (618–1530 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.0万/sqm (approx. $1,667/sqm or $155/sqft).
Location & Neighborhood
The property is located at Nakagawa Shi Naka 3 Choume 17-1 (那珂川市仲3丁目17-1), Fukuoka, 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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 205 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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