For SaleCondominium

Mita Garden Hills East Hill

Mita 1-chome, Minato-ku, Tokyo
Asking Price
¥329,000,000
Est. Net Yield: 2.79%
Mita Garden Hills East Hill - 1/15
1 / 15

Executive Summary

This is a 14-story reinforced concrete condominium built in December 2024, located in Mita 1-chome, Minato-ku, Tokyo. Convenient transportation is available with a 7-minute walk to Azabu-juban Station on the Tokyo Metro Namboku Line, an 11-minute walk to Shibakoen Station on the Toei Mita Line, and a 15-minute walk to Mita Station on the same line. The unit is a north-facing 2LDK located on the 9th floor, featuring a floor area of 73.5 sqm and a balcony area of 11.6 sqm. In-unit amenities include a system kitchen, dish dryer, auto-bath system, and warm-water bidet toilet, while common facilities offer an auto-lock system, two or more elevators, delivery lockers, front desk service, a shared party room, a shared guest room, and a kids' room. Land rights are full ownership, and the zoning is Category II Residential Zone. Constructed by Taisei Corporation, the building comprises 243 total units with fully outsourced, on-site management. The property is currently vacant, and handover timing is negotiable.

Property Details

Building Area
73.5 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
RC
Built Year
2024
Floors
Floor 9 of 14
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥11,400,000
Transport
  • Azabu-juban Station
    Tokyo Metro Namboku Line
    Walk 7 min
  • Shibakoen Station
    Toei Mita Line
    Walk 11 min
  • Mita Station
    Toei Mita Line
    Walk 15 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Negotiable

Land & legal restrictions

Land rights
Freehold
Zoning
Category 2 residential zone

Costs besides the price

Other costs
インターネット使用料: ¥1,430 per month

Building management

Management type
Fully outsourced
Building manager
Live-in
Management company
三井不動産レジデンシャルサービ
Owners' association
Yes
Total units
243 units

Please confirm the details in the explanation of important matters before purchase.

Around the property

This summarizes expected hazards, past disaster records, designated hazard zones, city planning, the surroundings (stations, schools, medical facilities and more), population, land prices and transactions around the property, based on data from Japan's Ministry of Land, Infrastructure, Transport and Tourism. The position is estimated from the address, so it can differ from the actual lot near the edge of an area. Hazard areas and records shown are only those published by national and local governments; being outside a published area, or not finding a record, does not mean damage cannot occur. Please confirm details on the municipality's hazard map and in the explanation of important matters given at the time of purchase.

Expected hazards nearby

Flood (maximum expected scale)
Within a published hazard area (expected flood depth under 0.5 m)Rivers: 呑川
Storm surge
Not within a published hazard area
Tsunami
Not within a published hazard area
Landslide
Not within a published hazard area
Liquefaction
Unlikely to liquefyA tendency for each grid cell of about 250 m, based on landform. It is not an assessment of the lot itself.

Please check your municipality's hazard map for details.

Past disaster records

Published records
No published record was found at this point or within about 300 m

This covers past disaster records published by national and local governments. Not finding a record does not mean that no disaster occurred.

Designated hazard zones

Steep slope failure hazard zone / Landslide prevention zone / Disaster hazard zone / Large-scale fill land
Not included in the published zones

This covers designated zones and maps published by national and local governments. Building and other restrictions may apply inside a zone. Please confirm the details with the municipality and in the explanation of important matters.

City planning

Urbanization zoning
Urbanization promotion area (designated for urban development)
Zoning (use district)
Category II residential zone
Floor area ratio · Building coverage ratio
Floor area ratio 400% · Building coverage ratio 60%
Fire protection district
Fire prevention district

Because the position is approximate, this may differ from the designation of the lot itself. Please confirm the actual designation in the explanation of important matters.

Surroundings

赤羽橋 (東京都)
About 34,237 passengers per day (FY2023)About 360 m in a straight line
麻布十番 (東京地下鉄)
About 41,990 passengers per day (FY2023)About 450 m in a straight line
麻布十番 (東京都)
About 30,698 passengers per day (FY2023)About 610 m in a straight line
Public elementary school district
赤羽小学校 (港区立)School districts are set by the municipality and may change.
Nearest elementary school
港区立赤羽小学校About 120 m in a straight line
Nearest junior high school
慶應義塾中等部About 380 m in a straight line
Nearest high school
東京都立三田高等学校About 120 m in a straight line
Nearest university, junior college or technical college
慶應義塾大学About 360 m in a straight line
Nurseries and kindergartens
Within 500 m: 6 / within 1 km: 28
Nearest hospital (within 1 km)
国際医療福祉大学三田病院About 170 m in a straight line / Hospitals within 1 km: 3
Clinics
Within 500 m: 15

Distances are straight-line distances from the property's location, not walking times. Passenger figures are the combined daily boardings and alightings published by the railway operator (annual average). Names of stations, schools and facilities are shown in Japanese.

Population outlook nearby

2025 (estimate)
about 283 people
2050 (estimate)
about 337 people (+19.3% vs 2025)
Share aged 65 and over
16.8% → 25.6% (2025 → 2050)

Data for a grid cell of about 250 m, based on estimates by the Ministry of Land, Infrastructure, Transport and Tourism (starting from the 2020 census). Because the cell is small, it can differ from actual numbers and does not represent the trend of the whole municipality.

Nearby land prices

Residential land · about 220 m
¥2,980,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+18.3% vs last year)
Residential land · about 348 m
¥2,380,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+15% vs last year)
Commercial land · about 402 m
¥3,270,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+16.8% vs last year)

Prices of representative lots selected by the national or prefectural government. They do not indicate the price or value of this property.

Nearby transactions

Overview (2025 Q1 – 2026 Q1)
241 records · median ¥2,235,294 per ㎡ (middle half: ¥1,400,000 – ¥4,000,000)Records for Mita 1-chome, Minato-ku (used condominiums etc.)

Recent records with a similar floor area

2026 Q1
¥250,000,000・70 ㎡・2LDK・built 2014Transaction price information (survey-based)
2026 Q1
¥300,000,000・65 ㎡・2LDK・built 2024Transaction price information (survey-based)
2026 Q1
¥240,000,000・75 ㎡・2LDK・built 2014Contract price information
2026 Q1
¥340,000,000・65 ㎡・1LDK+S・built 2024Contract price information
2026 Q1
¥160,000,000・80 ㎡・2LDK・built 1998Contract price information

Records of actual transactions published by the Ministry of Land, Infrastructure, Transport and Tourism. They do not reflect individual circumstances such as floor, orientation or condition, and are not an evaluation of this property's price.

This service uses the API functions of the Real Estate Information Library of the Ministry of Land, Infrastructure, Transport and Tourism, but the timeliness, accuracy and completeness of the information provided are not guaranteed.

Source: Ministry of Land, Infrastructure, Transport and Tourism, Real Estate Information Library (国土交通省 不動産情報ライブラリ). Processed by us for the area around this property.Retrieved: 10/14/2026

Location & Map

Investment Analysis

Est. Gross Yield3.47%
Est. Net Yield2.79%

Calculated from an estimated rent. Actual rent may differ.

Net yield = (annual rent − management fee and repair reserve − property management fee (5.5% of rent)) ÷ (price + purchase costs). Property tax, vacancies and repair costs are not included.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
3.47%
Est. Net Yield
2.79%
If sold after 10 years (before tax)
Annual return (IRR)
1.9%
Net gain
+¥65,130,000
Gain on total investment +18.6%
Est. Property ValueCumulative Net IncomeNet gain

If sold at the end of each year (before tax)

YearEst. Property ValueCumulative Net IncomeNet gainGain on total investmentAnnual return (IRR)
1yr¥329,000,000+¥9,800,000¥-23,080,000-6.6%-6.6%
2yr¥329,000,000+¥19,600,000¥-13,270,000-3.8%-1.9%
3yr¥329,000,000+¥29,400,000¥-3,470,000-1.0%-0.3%
4yr¥329,000,000+¥39,200,000+¥6,330,000+1.8%0.5%
5yr¥329,000,000+¥49,000,000+¥16,130,000+4.6%1.0%
6yr¥329,000,000+¥58,800,000+¥25,930,000+7.4%1.3%
7yr¥329,000,000+¥68,610,000+¥35,730,000+10.2%1.5%
8yr¥329,000,000+¥78,410,000+¥45,530,000+13.0%1.7%
9yr¥329,000,000+¥88,210,000+¥55,330,000+15.8%1.8%
10yr¥329,000,000+¥98,010,000+¥65,130,000+18.6%1.9%

Assumptions

  • Total investment ¥350,893,000 (price ¥329,000,000 + purchase costs ¥21,893,000)
  • Management fee and repair reserve: ¥972,960 per year
  • Property management fee: 5.5% of rent (incl. tax)
  • Selling costs (brokerage fee and stamp duty) are deducted from the sale price
  • Taxes (income tax on rent, tax on capital gains, etc.), vacancies, property tax and repair costs are not included

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥21,893,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥10,923,000
Real Estate Acquisition Tax (est., rate varies by property type)¥5,920,000
Registration License Tax (title transfer)¥2,960,000
Stamp Duty (purchase agreement)¥60,000
Judicial Scrivener & Other Fees (est.)¥2,030,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

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