For SaleCondominium

Saiwaicho Jutaku

Saiwaicho 2-chome, Mihama-ku, Chiba-shi, Chiba
  • Top floor
  • Corner unit
Asking Price
¥9,300,000
Est. Net Yield: 5.97%
Saiwaicho Jutaku - 1/6
1 / 6

Executive Summary

Saiwaicho Jutaku is a 5-story reinforced concrete apartment building constructed in February 1970, located in Saiwaicho 2-chome, Mihama-ku, Chiba-shi, Chiba. Transportation access is an 8-minute walk from Midoridai Station on the Keisei Chiba Line and a 12-minute walk from Nishi-Chiba Station on the Sobu/Chuo Local Line. The unit is a south-facing corner room situated on the 5th floor, offering a floor area of 48.9 sqm, a balcony area of 6 sqm, and a 2LDK layout. Key equipment includes a system kitchen, a bidet toilet seat, a reheating bath function, an air conditioner, and an intercom with a monitor. A full renovation covering the plumbing areas and interior finishes was completed in October 2021. The land rights are freehold ownership, and the designated zoning is Category I Medium-and-High-Rise Residential Zone. The property is currently tenanted, and the handover timing is open for consultation.

Property Details

Building Area
48.9 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1970
Floors
Floor 5 of 5
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥780,000
Transport
  • Midoridai Station
    Keisei Chiba Line
    Walk 8 min
  • Nishi-Chiba Station
    Chuo-Sobu Local Line
    Walk 12 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Negotiable

Land & legal restrictions

Site area (whole building)
61,834.4 ㎡
Land rights
Freehold
Zoning
Category 1 mid/high-rise residential zone

Costs besides the price

Parking
Yes

Building management

Management type
Fully outsourced
Building manager
Daytime
Owners' association
Yes
Total units
30 units

Utilities & nearby

Gas
City gas

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)
Not within a published hazard areaFlooding from rivers without a published assessment, and flooding caused by overwhelmed drainage, is not included.
Storm surge
Within a published hazard area (expected flood depth 1–3 m)
Tsunami
Not within a published hazard area
Landslide
Not within a published hazard area
Liquefaction
Very likely 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 I mid/high-rise exclusive residential zone
Floor area ratio · Building coverage ratio
Floor area ratio 200% · Building coverage ratio 60%

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

みどり台 (京成電鉄)
About 7,682 passengers per day (FY2023)About 640 m in a straight line
西千葉 (東日本旅客鉄道)
About 40,130 passengers per day (FY2023)About 990 m in a straight line
西登戸 (京成電鉄)
About 3,057 passengers per day (FY2023)About 1,030 m in a straight line
Public elementary school district
幸町小学校 (千葉市立)School districts are set by the municipality and may change.
Nearest elementary school
千葉市立幸町小学校About 110 m in a straight line
Nearest junior high school
千葉市立幸町第一中学校About 140 m in a straight line
Nearest high school
千葉県立千葉商業高等学校About 1,450 m in a straight line
Nearest university, junior college or technical college
千葉大学About 1,280 m in a straight line
Nurseries and kindergartens
Within 500 m: 4 / within 1 km: 10
Clinics
Within 500 m: 3

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 670 people
2050 (estimate)
about 461 people (-31.3% vs 2025)
Share aged 65 and over
42.5% → 40.2% (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

Commercial land · about 431 m
¥268,000/㎡Prefectural land price survey · 7/1/2026 (+4.7% vs last year)
Residential land · about 451 m
¥358,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+8.5% vs last year)
Residential land · about 661 m
¥271,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+8.4% 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)
117 records · median ¥173,333 per ㎡ (middle half: ¥106,667 – ¥293,333)Records for Saiwaicho 2-chome, Mihama-ku, Chiba-shi (used condominiums etc.)

Recent records with a similar floor area

2026 Q1
¥18,000,000・50 ㎡・1LDK・built 1995Transaction price information (survey-based)
2026 Q1
¥3,500,000・45 ㎡・2LDK・built 1970Transaction price information (survey-based)
2026 Q1
¥4,500,000・50 ㎡・2LDK・built 1970Contract price information
2026 Q1
¥4,800,000・50 ㎡・3DK・built 1970Contract price information
2026 Q1
¥5,700,000・50 ㎡・3DK・built 1970Contract 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: 10/15/2026

Location & Map

Investment Analysis

Gross Yield8.39%
Est. Net Yield5.97%

Based on the rent under the current lease.

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

Gross Yield
8.39%
Est. Net Yield
5.97%
If sold after 10 years (before tax)
Annual return (IRR)
5.1%
Net gain
+¥4,890,000
Gain on total investment +48.7%
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¥9,300,000+¥600,000¥-510,000-5.1%-5.1%
2yr¥9,300,000+¥1,200,000+¥90,000+0.9%0.5%
3yr¥9,300,000+¥1,800,000+¥690,000+6.9%2.4%
4yr¥9,300,000+¥2,400,000+¥1,290,000+12.9%3.4%
5yr¥9,300,000+¥3,000,000+¥1,890,000+18.8%3.9%
6yr¥9,300,000+¥3,590,000+¥2,490,000+24.8%4.3%
7yr¥9,300,000+¥4,190,000+¥3,090,000+30.8%4.6%
8yr¥9,300,000+¥4,790,000+¥3,690,000+36.8%4.8%
9yr¥9,300,000+¥5,390,000+¥4,290,000+42.7%5.0%
10yr¥9,300,000+¥5,990,000+¥4,890,000+48.7%5.1%

Assumptions

  • Total investment ¥10,027,900 (price ¥9,300,000 + purchase costs ¥727,900)
  • Management fee and repair reserve: ¥138,000 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.)
¥727,900
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥372,900
Real Estate Acquisition Tax (est., rate varies by property type)¥160,000
Registration License Tax (title transfer)¥80,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥110,000

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

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