Selected images and diagrams are reproduced from materials provided through the listing partner.
February 2016
Year Built
Approx. 6 min
To Namamugi Station (Keikyu Main Line)
Fully let — all 12 units occupied at the June 2026 rent roll
Occupancy
Approx. 6.83%
Indicative Gross Yield
Property Description
Eternity Tsurumi is a twelve-unit apartment building in Kishiya, Tsurumi Ward, Yokohama, six minutes on foot from Namamugi Station on the Keikyu Main Line. It was completed in February 2016 and is a two-storey wooden building of 165.14 sq m, with twelve one-room units of 13.50 sq m, each with a loft.
The rent roll dated June 2026 shows all twelve units let, with monthly rents and charges totalling JPY 700,100. Every unit has a separate bath and lavatory, an indoor washing machine space, air conditioning, a video intercom and a refrigerator, and the building is served by LPG.
Freehold title covers both the land and the building. The construction certificate, the inspection certificate and the housing performance evaluation from the original build are retained, the frontage has been set back under Article 42-2 of the Building Standards Act, and a confirmed boundary survey has been completed.
Property Details
Property Type
Tenanted Apartment Building (Whole Building)
Asking Price
JPY 123,000,000
Address
1-20-37 Kishiya, Tsurumi-ku, Yokohama, Kanagawa
Nearest Station
Namamugi Station (Keikyu Main Line)
Walking Distance
Approx. 6 min
Access
Namamugi (Keikyu Main Line) approx. 6 min on foot; Keikyu Shinkoyasu approx. 22 min on foot; Tsurumi (JR) approx. 23 min on foot
Number of Units
12 Units (one-room with loft, 13.50 sq m each)
Land Area
158.00 sq m registered, with a 1/2 share of 15.99 sq m of private road
Building Area
165.14 sq m
Building Structure
Wood, 2 storeys
Year Built
February 2016
Zoning
Category II Mid/High-Rise Exclusive Residential District, urbanisation promotion area
Building Coverage Ratio
60%
Floor Area Ratio
150%
Road Frontage
Private road to the north-east, 4.0 m wide, 12.7 m of frontage
Parking
No car parking; bicycle parking available at no charge
Tenure
Freehold Ownership
Occupancy
Fully let — all 12 units occupied at the June 2026 rent roll
Handover
By negotiation, tenanted and in present condition
Listing Type
Partner Listing
Areas are the registered figures from the listing material and remain subject to verification.
Rental Income
Annual Gross Income at Full Occupancy
JPY 8,401,200
Basis
Rent roll dated June 2026, all 12 units let
Indicative Gross Yield
Approx. 6.83%
Net Income After Recorded Costs
JPY 7,466,610
Indicative Net Yield
Approx. 6.07%
The net figure deducts the running costs recorded in the rent roll: property and city planning tax, rental management at 5% plus tax, shared electricity and water, the neighbourhood association levy and common area cleaning.
Rent roll and tenancy documents are provided on enquiry and remain subject to verification.
Location, Transit & Everyday Convenience
The building stands in Kishiya 1-chome in Tsurumi Ward, the northern end of Yokohama. The listing material records Namamugi Station on the Keikyu Main Line at approximately six minutes on foot, on level ground.
From Namamugi the Keikyu Main Line runs toward Yokohama in one direction and Kawasaki and Shinagawa in the other. Keikyu Shinkoyasu is approximately twenty-two minutes on foot or three minutes by bus, and Tsurumi Station is approximately twenty-three minutes on foot or ten minutes by bus. Journey times vary with the service and any changes, so none are stated here.
The map indicates the location of Eternity Tsurumi. Walking times above are as stated in the listing material.
Rents and land prices in Yokohama have both been moving upward.
In the At Home – Sumitomo Mitsui Trust Research Institute Mansion Rent Index for Q1 2026, the single-type index for Yokohama and Kawasaki rose approximately 4.6% year on year, and about 10.4% over two years.
In the Reiwa 8 (2026) Official Land Price Survey, residential land in Tsurumi Ward rose 4.1% on the previous year, ahead of the 3.3% average across the whole of Yokohama. Every ward in the city recorded an increase.
Year-on-year increases · Yokohama and Kawasaki, and Tsurumi Ward
+4.6%
Rents, Single-Type Apartments
+4.1%
Residential Land, Tsurumi Ward
+3.3%
Residential Land, Yokohama
These figures describe Yokohama and Kawasaki and Tsurumi Ward as a whole, not this individual property. The rent index covers quality-adjusted contracted rents for condominium-type buildings rather than wooden apartment buildings, and its single-type band runs from 18 to under 30 sq m, so the 13.50 sq m units here sit below it and the band is cited as the nearest comparable rather than as a measure of these units. The land figure is an average across the ward’s continuing reference points and is not an appraisal of this address. Neither figure guarantees future rent, value or performance.
Tsurumi sits on the Keikyu Main Line between Yokohama and Kawasaki, and Namamugi is six minutes from this building on level ground. A short flat walk with two employment centres a few stops away is what keeps compact rental stock in this part of Yokohama occupied.
The building was completed in February 2016 and holds twelve one-room units with lofts. The June 2026 rent roll shows all twelve let, and the listing material records the most recent lettings as signed at the appraised rent level. After the running costs set out in the rent roll, the return works out at approximately 6.07% — the figure worth working from rather than the headline yield.
The construction certificate, inspection certificate and housing performance evaluation from the original build are retained, the frontage has been set back and the boundary survey is confirmed. Lending terms, tenancy documents and the private road arrangement can be confirmed on enquiry.
Important Notes
This is a partner listing. Property information is based on materials supplied through a Japanese real estate partner.
Availability, price and other terms may change, or the property may be withdrawn, without notice.
The gross yield of approximately 6.83% is calculated on the annual income at full occupancy shown in the June 2026 rent roll, before operating and ownership costs. The net figure of approximately 6.07% deducts only the running costs recorded in that rent roll and is not a projection.
Tenancy, rent roll and management information remain subject to due diligence.
Property ownership in Japan does not by itself provide visa or residency rights.
Listing & Transaction Information
Listing Status
Introduced through a Japanese real estate partner
Brokerage services are provided through
International Interface Co., Ltd.
Tokyo Governor's Licence (3) No. 96857
RE/MAX INTERFACE
Agent: Kenichi Aoki
This property is introduced through a Japanese real estate partner. Availability, price and property details remain subject to confirmation at the time of enquiry.
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