4DK Hakone Fixer-Upper for STR Conversion — 100 Min from Shinjuku
Secure a 4DK house in Japan's iconic Hakone hot-spring resort for just ¥5,000,000 (about $33,445).
Set in Hakone, Kanagawa — one of Japan's most famous hot-spring resort destinations — this 4DK detached house sits on 116.84 sqm of land with 81.97 sqm of building space. Built in 1980 and sold strictly as-is, it is a blank canvas for an investor willing to take on a full gut renovation. The location is the real draw: Hakone-Yumoto Station is the area's gateway, and central Tokyo is reachable in roughly 100 minutes from Shinjuku, putting a steady flow of domestic and international visitors within easy reach. For buyers targeting the short-term-rental market, the surrounding Hakone area offers a deep, well-established tourism base to renovate into. Priced at ¥5,000,000, it offers a low entry point into a premium resort market.
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 1980, the house predates the 1981 seismic code and is rated condition grade D, reflecting its as-is state. A full gut renovation is required, and the buyer should plan for seismic reinforcement to bring the structure up to modern standards.
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 1980 — pre-1981 seismic standard. Structural inspection critical.
- Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).