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Weekly Featured Property: Renovated Urban Apartment in Yokohama

Modernized 3DK Residence in a Quiet Residential Pocket Near Central Yokohama

Freshly Renovated Interior with Clean, Move-In-Ready Finishes

Second-Floor Unit in a Low-Rise Reinforced Concrete Building

Walkable Access to JR Negishi Station and Central Yokohama

Excellent Potential for Primary Residence or Rental Use

¥20.9M / ~$132,000 USD as of Mar 2026

Projected Monthly Rent: ¥124,000

Estimated Gross Yield (before costs): 7.1%

Located in Negishi-cho, Naka-ku, Yokohama, this fully renovated 3DK condominium offers a practical entry into one of the most livable urban areas of the Greater Tokyo region. Situated on the second floor of a four-story reinforced concrete building, the unit combines modernized interiors with convenient rail access to both Yokohama and central Tokyo.

With just over 53 sqm of interior space plus a balcony, the apartment is well suited for couples, small families, or buyers looking for a manageable city home that can also function as a long-term rental investment. The building itself is modest and low-density, with only 18 units, giving the property a quieter residential feel compared with many large urban condominium complexes.

✨ What Makes This One So Special?

🏡 Fresh Interior Renovation & Flexible 3DK Layout

The apartment has undergone a complete interior renovation, creating a bright, clean, move-in-ready living space. The updated 3DK layout includes three private rooms and a dining-kitchen area that works well for everyday living, remote work, or hosting guests.

Recent upgrades include a new system kitchen with a built-in water purifier, a modern unit bath with ventilation, drying, and heating functions, and new flooring and wall coverings throughout the apartment. Additional improvements such as updated lighting fixtures, internal doors, a new vanity, and a modern washlet toilet help bring the home comfortably in line with contemporary expectations.

At approximately 53.37 sqm, the interior strikes a practical balance between efficiency and livability. A 7.9 sqm balcony provides useful outdoor utility space typical of Japanese apartments, ideal for drying laundry, keeping plants, or stepping outside for fresh air.

🏢 Solid Construction & Low-Rise Residential Living

Completed in 1990, the building is constructed from reinforced concrete, a material widely valued in Japan for its durability, sound insulation, and long-term structural stability. The building contains just 18 units, creating a smaller community atmosphere and reducing the constant activity often associated with larger complexes.

The property is professionally managed, with regular patrol-style management and a dedicated repair reserve fund that supports ongoing maintenance of the building. Amenities include an elevator, free bicycle parking, and modern utility infrastructure including city gas, public water, and cable TV connectivity.

💼 A Practical Option for Rental or Long-Term Investment

The apartment’s three-room layout, proximity to a JR station, and location within Yokohama’s well-developed urban infrastructure can make it attractive to tenants seeking access to central Yokohama or Tokyo while living in a quieter residential neighborhood.

Based on current rental estimates for comparable units in the area, the apartment could potentially achieve around ¥124,000 per month in rent. At the current asking price, that represents an estimated gross yield of approximately 7.1% before operating costs.

Yokohama remains one of the most active rental markets in the Tokyo metropolitan area, supported by a large population of commuters, students, and professionals working throughout the region. While short-term rentals are generally restricted in many residential buildings in Japan, long-term leasing is commonly permitted and can provide stable occupancy in commuter-friendly areas like Negishi.

📊 How We Calculate Yield

Gross yield estimates are commonly shown in Japanese property listings, but they rarely account for the ongoing costs that come with owning and operating a rental property. To give buyers a more realistic picture, we estimate yield after factoring in typical ownership expenses.

List price: ¥20,900,000
Estimated rent: ¥124,000/month (¥1,488,000/year)

Estimated ongoing costs

• Building management & repair reserve: ¥18,450/month

• Property management: ~5% of monthly rent

• Estimated property tax & insurance (approx.): ~¥120,000/year

After accounting for these typical ownership costs, the realistic adjusted yield is likely closer to the mid-5% range, rather than the headline gross yield of about 7.1%.

While that figure is lower than the gross estimate, it reflects the actual costs of operating a condominium unit in Yokohama and provides a more realistic view of long-term returns.

 📍 Living in Negishi-cho

Negishi Station, a 14-minute walk from the property, sits on the JR Keihin-Tōhoku / Negishi Line, one of the key rail corridors connecting Yokohama with Tokyo and the wider metropolitan area. From Negishi Station, Yokohama Station can be reached in roughly 12 minutes by train, placing one of Japan’s largest transportation hubs comfortably within reach.

The station area also serves as a local transportation node, with bus routes departing for Sakuragichō, Kamiōka, and other Yokohama districts, expanding access across the city without requiring a car. For drivers, nearby arterial roads including Yokosuka Kaidō provide regional connections through Yokohama and toward surrounding cities.

Daily errands are straightforward as well. The station area includes supermarkets, convenience stores, restaurants, and everyday retail options such as Tokyu Store and Daiso, while additional shopping along major roads offers larger stores like Sotetsu Rosen and Nitori.

In short, Negishi provides the kind of transit convenience and everyday infrastructure that makes urban living in Japan easy and reliable, without the constant density of central Yokohama itself.

🌸 Welcome to Yokohama’s Naka-ku

Naka-ku is one of Yokohama’s most historically rich and culturally vibrant wards. The district blends residential neighborhoods with waterfront parks, historic architecture, and some of the city’s most beloved public spaces. One of the local highlights near Negishi is Negishi Forest Park, a large green space built on the grounds of a former horse racing track. With wide lawns, wooded walking paths, and expansive views, the park serves as a major gathering place for local residents and becomes a popular cherry-blossom viewing destination each spring.

The surrounding neighborhood is largely residential, with a mix of detached homes, small apartment buildings, and low-rise condominiums. Many residents commute to central Yokohama or Tokyo, while enjoying a calmer pace of life outside the city center.

Yokohama itself offers one of Japan’s most appealing urban lifestyles. The city combines major cultural attractions, international dining, waterfront promenades, and large shopping districts, while maintaining a more relaxed atmosphere than Tokyo. For residents of Naka-ku, this means easy access to everything from Minato Mirai’s waterfront skyline to Yokohama’s historic neighborhoods, all within a short train ride.

🗺️ Quick Property Snapshot

• 🏠 3DK condominium unit (second floor)

• 📐 53.37 sqm interior / 7.90 sqm balcony

• 📅 Built June 1990

• 🏢 Reinforced concrete, 4-story building

• 🏘️ Total units: 18

• 🚲 Free bicycle parking available

• 🛗 Elevator in building

• 🍳 Newly renovated kitchen and interior

• 🛁 Modern unit bath with ventilation, heating & drying

• 🌿 Balcony space for outdoor air and light

• 🚉 14-minute walk to Negishi Station (JR Negishi Line)

• 💴 ¥20.9M / ~$132,000 USD (as of Mar 2026)

• 💰 Projected Monthly Rent: ¥124,000

• 📊 Estimated Gross Yield (before costs): 7.1%

🔍 Why This One’s Worth a Look

Fully renovated condominium units at this price level are not especially common within Yokohama, particularly in areas with direct rail access to the broader Tokyo metropolitan network. This apartment combines a practical size, updated interior, and solid location fundamentals, making it a compelling option for buyers seeking a move-in-ready city residence or a potential long-term rental asset.

For those interested in entering Japan’s urban property market without taking on major renovation work, the combination of modernized interior space and Yokohama connectivity makes this property particularly appealing.

🌊 Make Yokohama Your Home Base

From waterfront parks and historic districts to international restaurants and vibrant neighborhoods, Yokohama blends culture, convenience, and everyday comfort while remaining closely connected to Tokyo. That combination of livability and strong commuter demand helps make Yokohama one of the most stable housing markets in the Tokyo metropolitan region.

This Negishi-cho location offers a practical way to step into that market, whether as a comfortable personal residence or a long-term rental property with access to both Yokohama and central Tokyo. For buyers looking to establish a foothold in one of Japan’s most dynamic metropolitan areas, this apartment is well worth considering.

If this is the kind of home you’re looking for, here’s where to start.

• 👉 How to Find Your Dream Property in Japan: Learn how to explore regions, compare value, and confidently discover standout homes using AkiyaHub’s most powerful search approach.

• 👉 Join the AkiyaHub community: Learn from real buyers, ask questions freely, and move forward with confidence as you explore owning a home in Japan.