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As-Is 2LDK+S in Hakone — 153m² Onsen-Town STR Project, ¥9.8M

Secure a 153.39m² Hakone property near Hakone-Yumoto Station for ¥9,800,000 (about $65,552).

Set in the celebrated onsen town of Hakone, Kanagawa, this 2LDK+S detached house offers foreign investors a foothold in one of Japan's most enduring tourist destinations. The building spans 91.2m² on 153.39m² of land and sits within reach of Hakone-Yumoto Station, with Tokyo's Shinjuku terminal roughly 100 minutes away. Sold strictly as-is, the property needs partial renovation, so budget for the work before it can welcome guests. For context, the surrounding Hakone short-term-rental market averages a $291 ADR and 46% occupancy across 323 listings, generating around $45,698 in average annual revenue per AirROI 2025–2026 data — area benchmarks, not this home's income. For a hands-on buyer, it is a chance to shape a stay in a proven destination.

$65,552 ≈ ¥9.8M @¥149.5/USD · 2026-06

⚠

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.

Land153.39㎡

Building91.2㎡ · F

Layout2LDK+S

Year Built1981

Nearest Station14km · 25min drive

Tokyo Access100min via Shinjuku

Estimated ROI — based on area market averages

45.0–58.4%

Gross yield
(conservative–optimistic)

$45,698

Est. annual revenue
(168 days avg)

1.7–2.2

Years to full payback
(low–high investment)

Annual revenue ÷ total investment = 45% recovered per year

45%

Total investment: ¥11.7M – ¥15.2M · purchase + renovation + setup fees

Based on area averages from AirROI 2025–2026 (323 active listings). Not financial advice. Actual revenue depends on occupancy, management costs, and STR permit status.

Grade C

Renovation Required

Built in 1981 to Japan's post-1981 seismic standard, the house carries a condition grade of C and is offered as-is. Partial renovation is required, so a structural and systems inspection should guide your scope of work.

Renovation estimate: ¥1.0M – ¥4.0M

Structural inspection not yet conducted. An independent inspection is strongly recommended before purchase.

Floor Plan 0 rooms · 91.2㎡ · F

STR Market — Hakone

$291

ADR · avg daily rate

46%

Occupancy · 168 days avg

$45,698

Est. annual revenue

Seasonal Demand

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Source: AirROI 2025–2026 · 323 active listings analysed

⚠ Minpaku Status: Requires Verification

Requires verification before purchase

Nearby — Distances & Drive Times

▲

Sengokuhara Pampas Grass Meadow

0.8km · 2min
▲

Pola Museum of Art

2km · 4min
▲

Hakone Glass Forest Museum

1.5km · 3min
♨

Hakone-Yumoto Onsen (hot spring resort)

14km · 25min
◻

Convenience Store

1.5km · 3min

Investor Due Diligence Checklist

⚠ Minpaku (STR) permit — Requires pre-purchase verification with municipal office
⚠ Structural inspection — Not yet conducted. Recommend independent inspection (¥50k–¥100k) before purchase.
i Land rights: Confirm ownership vs. leasehold (借地権). Leasehold affects resale value and mortgage eligibility.
i 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 1981 — post-1981 new seismic standard (新耐震)
i Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).

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