Hakone Akiya: 433m² Land, 2LDK Fixer-Upper Near Hakone-Yumoto
A 1965 Hakone fixer-upper on 433m² of land, offered strictly as-is for ¥5.6M (about $37,458).
This 1965-built akiya sits on a generous 433 m² of land in Hakone, Kanagawa, with a 72.87 m² 2LDK layout and Hakone-Yumoto Station nearby. Sold strictly as-is, it carries a condition grade of D and needs a full gut renovation, so factor the rebuild into your budget before you bid. The appeal is location: Hakone is a year-round hot-spring resort roughly 100 minutes from Tokyo's Shinjuku terminal, feeding steady short-term-rental demand. Across 323 area Airbnb listings, AirROI 2025–2026 data shows an average daily rate of $291, 46% occupancy, and $45,698 in average annual revenue. Those figures are area-wide benchmarks, not this home's income. For a foreign investor wanting a renovation project in a marquee tourist market, the ¥5.6M entry price leaves room to add value.
Minpaku (short-term rental) status not confirmed. Verify with the municipal office and your agent before completing purchase. STR operation may be restricted to 180 days/yr or prohibited.
(conservative–optimistic)
(168 days avg)
(low–high investment)
Built in 1965, the building predates the 1981 seismic code (pre-1981 standard) and is rated condition grade D. It is sold as-is and requires a full gut renovation before use.
Renovation estimate: ¥5.0M – ¥15.0M
Source: AirROI 2025–2026 · 323 active listings analysed
⚠ Minpaku Status: Requires Verification
Requires verification before purchase
- ▲ 0.8km · 2minSengokuhara Pampas Grass Meadow
- ▲ 2km · 4minPola Museum of Art
- ▲ 1.5km · 3minHakone Glass Forest Museum
- ♨ 14km · 25minHakone-Yumoto Onsen (hot spring resort)
- ◻ 1.5km · 3minConvenience Store
- Minpaku (STR) permit — Requires pre-purchase verification with municipal office
- Structural inspection — Not yet conducted. Recommend independent inspection (¥50k–¥100k) before purchase.
- Land rights: Confirm ownership vs. leasehold (借地権). Leasehold affects resale value and mortgage eligibility.
- Utilities: Verify water supply (public / well), sewage (公共下水 vs. 浄化槽), gas (city gas / propane — propane is 2–3× higher cost).
- Earthquake resistance: Built 1965 — pre-1981 seismic standard. Structural inspection critical.
- Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).