---
title: Income Apartment Building Near Waseda Station
date: 2026-03-07T21:36:00+09:00
author: Unix Home
canonical_url: "https://uchijapan.com/properties/income-apartment-building-near-waseda-station"
section: Properties
---
Located in Tokyo’s vibrant Waseda neighbourhood near Kagurazaka, this recently completed income-generating apartment building presents a rare opportunity to acquire a modern residential asset in central Tokyo.

Completed in August 2023, the reinforced concrete building rises five storeys and comprises 10 residential units designed for comfortable urban living. The property is currently tenanted and being sold as an owner-change investment, producing an annual rental income of approximately JPY 24,900,000 with a current gross yield of around 4.2%.

The building sits on a compact 88.46 sqm freehold site within a commercial zoning area, offering strong long-term rental demand supported by the surrounding academic and residential communities. Waseda University is located nearby, contributing to steady tenant demand in the area.

Residents benefit from convenient access to public transport, with **Waseda Station on the Tokyo Metro Tozai Line approximately six minutes on foot**, providing direct connections to central Tokyo. The surrounding area offers a wide range of local amenities including supermarkets, convenience stores, cafés, and cultural attractions.

Nearby points of interest include the Yayoi Kusama Museum, located approximately 300 metres from the property, along with multiple convenience stores and supermarkets within a short walking distance.

With its recent construction, central Tokyo location, and stable rental income, this property represents a straightforward investment opportunity in one of Tokyo’s most established residential districts.

 

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