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rakuna Inn Niji Oshiage seen from the street, a three-storey building with a recessed entrance and covered parking bay
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Building exterior and entrance

Selected images and diagrams are reproduced from materials provided through the listing partner.

March 2007
Year Built
Approx. 8 min
To Oshiage Station (Tokyo Metro Hanzomon Line)
Vacant
Occupancy
Approx. 10.02%
Indicative Gross Yield

Property Description

rakuna Inn Niji Oshiage is a whole lodging building at 3-36-9 Oshiage in Sumida Ward, eight minutes on foot from Oshiage Station and roughly 876 metres from Tokyo Skytree. It is a wood-framed building of three storeys completed in March 2007, with a total floor area of 91.75 sq m standing on 50.09 sq m of freehold land — a little over fifteen tsubo. The listing records it as registered for inn use.

The plans show four guest rooms: one on the ground floor laid out with two single beds, one on the second floor, and two on the third floor each set with a pair of double beds. The second floor carries the shared living and dining space of 20.28 sq m, with a fitted kitchen along one wall and a terrace beyond it, and the third floor opens onto a further balcony. Sanitary provision is split across the building — a bathroom with a tub and a separate washroom and laundry on the ground floor, a shower room on the second, and a WC on two of the three floors. There is a covered parking bay at the front of the site, included at no charge.

The listing material records the building as vacant with immediate handover, and gives a projected annual rental income of JPY 12,000,000 against a gross yield of approximately 10.02% on the asking price. Because the building is not currently trading, that figure is a projection rather than a rent in place. The licence position, the operating arrangement and the basis of the projected income are confirmed on enquiry.

Property Details

Property TypeInn / Lodging Building (Whole Building)
Asking PriceJPY 119,800,000
Address3-36-9 Oshiage, Sumida-ku, Tokyo
Nearest StationOshiage Station (Tokyo Metro Hanzomon Line)
Walking DistanceApprox. 8 min
AccessThe same station is served by the Toei Asakusa Line, the Keisei Oshiage Line and the Tobu Skytree Line · Tokyo Skytree approx. 876 m
Land Area50.09 sq m (15.15 tsubo), registered
Building Area91.75 sq m
Building StructureWood frame, 3 storeys
Year BuiltMarch 2007
ZoningQuasi-Industrial District, urbanisation promotion area
Building Coverage Ratio80%
Floor Area Ratio200%
Land CategoryResidential land
Building FacilitiesSeparate bathroom and WC, shower room, two WCs, storage, beds, refrigerator, indoor laundry space, hot water, heating and cooling, two or more air conditioning units
ParkingOne covered space, no charge
TenureFreehold Ownership
OccupancyVacant
HandoverImmediate
Listing TypePartner Listing

Areas are the registered figures from the listing material and remain subject to verification.

Income

Projected Annual Gross Income
JPY 12,000,000
Basis
Projected annual rental income stated in the listing material
Indicative Gross Yield
Approx. 10.02%
Occupancy
Vacant
Handover
Immediate

Gross yield before operating and ownership costs.

The building is vacant. The income figure is the projected annual rent stated in the listing material, not a contracted, trading or audited figure, and remains subject to verification.

Location, Transit & Everyday Convenience

The building stands in Oshiage 3-chome in Sumida Ward, on the north bank of the Sumida River in the old east of Tokyo. The listing material records Oshiage Station at approximately eight minutes on foot, and Tokyo Skytree at approximately 876 metres.

Oshiage is an interchange shared by four operators: the Tokyo Metro Hanzomon Line, the Toei Asakusa Line, the Keisei Oshiage Line and the Tobu Skytree Line. The Hanzomon Line runs through to Kinshicho, Otemachi and Shibuya; the Asakusa and Keisei lines through-run with one another and with the Keikyu Line, which is the connection that carries services in the direction of both Narita and Haneda airports without a change of train. Journey times vary with the service and any changes, so none are stated here.

Tokyo Skytree and the Tokyo Solamachi shopping complex sit at the end of the street, and Asakusa, Kinshicho and the Sumida River walk are all close by — a setting that draws visitors in its own right rather than only serving as a base for reaching elsewhere.

The map indicates the location of the property. Walking times above are as stated in the listing material.

Open in Google Maps

Sumida Land Prices and Tokyo Accommodation Demand

Commercial land in Sumida Ward rose 15.0% in the Reiwa 8 (2026) Official Land Price Survey — ahead of Tokyo as a whole at 12.2% and ahead of the twenty-three wards taken together at 13.8%. Residential land in the ward rose 13.2% and all uses 14.2%.

The national backdrop is a record year for arrivals: the Japan National Tourism Organization records 42,683,600 international visitors to Japan in 2025, an increase of 15.8% on the previous year and the highest annual figure on record, surpassing the previous peak of 2024 by more than 5.8 million.

On the accommodation side, the Japan Tourism Agency's Accommodation Survey puts room occupancy in Tokyo at 76.8% for the calendar year 2025, up 1.7 points on the previous year and second only to Osaka among the forty-seven prefectures, against 61.8% for Japan as a whole.

Sumida land prices and national visitor numbers, year on year · Tokyo room occupancy 2025
+15.0%
Commercial Land, Sumida Ward
+15.8%
International Visitors to Japan
76.8%
Hotel Room Occupancy, Tokyo 2025

These figures describe Sumida Ward, Tokyo and Japan as a whole, not this individual property. They are not a measure of occupancy, room rates or revenue at this building, they are not an appraisal of this address, and they do not guarantee future rent, value or performance. The 2025 occupancy figures are preliminary.

Sources:

Our Observations

What makes this one worth a look is where it sits. Oshiage is not a station you pass through on the way to somewhere better — Tokyo Skytree is 876 metres from the door, Asakusa is the next district along, and four operators meet at the station, including the Asakusa and Keisei lines that through-run toward both airports. For a small inn, being in a place guests actively want to stay is worth more than a central address.

The building is a manageable size rather than a project. It was completed in March 2007, so it is a young building by Tokyo standards and was built under the wood-frame standards in force after the 2000 revision. Four guest rooms, a shared living and dining floor with a fitted kitchen, a bathroom, a separate shower room and two WCs — it is already laid out and fitted for lodging, and the covered parking bay is unusual on a site of fifteen tsubo.

The number to read carefully is the income. The building is vacant, so the JPY 12,000,000 and the 10.02% that follows from it are the listing partner's projection rather than a rent in place. Set against that, Sumida commercial land rose 15.0% this year, ahead of both the ward average and the city, and handover is immediate — so a buyer takes possession of a fitted building and sets the operating terms themselves. The licence position and the basis of the projected income 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 building is vacant. The gross yield of approximately 10.02% is calculated on the projected annual rental income stated in the listing material and is before operating and ownership costs. It is not a contracted, trading or audited figure.
  • Operating accommodation in Japan requires a licence under the Hotel Business Act or the applicable local rules. The licence position for this building remains 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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