House for Sale in Osaka, 2-Bed Ryokan Near Tengachaya
Listed on
New



Shioji, Nishinari-ku, Osaka-shi, Osaka, Japan, 大阪市 ()
2 Bedrooms · 2 Bathrooms · 74m² Floor area
€36,600,000
House
No parking
2 Bedrooms
2 Bathrooms
74m²
No garden
No pool
Not furnished
Description
This house for sale in Osaka sits in Nishinari-ku, three minutes on foot from Tengachaya Station, and currently runs as a two-floor ryokan. It is a compact building with 74 m² of living space on a 48 m² plot, two bedrooms and two bathrooms. Small, yes, but that is much of the appeal. There is little to maintain, the layout is easy to manage, and the Nankai line puts the big-name districts within a short ride. The seller quotes a gross yield of 20.99% on the current hotel use, so this is an investment property in Osaka first. It can also become a private home.
The House: Two Floors, Two Bedrooms
Both floors are currently used for the accommodation operation. Inside you get two bedrooms, a living-dining-kitchen area and several bathrooms and washrooms, which is what makes the house work for guests and would equally suit a household. The bathrooms have a separate shower area and a dedicated washroom, a practical detail when several people share the space.
The living area has large windows, so daylight reaches the main room. The kitchen is equipped with modern appliances and storage, enough for a longer stay as well as a weekend visit. The building is in good condition, and the source describes regular maintenance and updates. There is no garden. On a 48 m² lot that is the trade-off for easy upkeep, and local parks are nearby for fresh air.
Ryokan for Sale in Osaka: The Investment Case
The headline number is the 20.99% gross yield. Treat it as the seller's figure. Gross means before taxes, running costs, cleaning, platform fees and quiet months, so ask for the operating accounts and booking history before you rely on it. The property is sold freehold, covering both land and building, and the expected handover is mid-October 2026. That leaves time to arrange financing, advisers and, if you plan to operate, the paperwork.
There are three realistic ways to use it:
Keep running it as a hotel or ryokan. Let it as a short-term rental for tourists and business travellers. Or convert it into a private residence, a small city base in Japan that you can lock up and leave. Accommodation use in Japan is regulated, and licences are tied to the operator and the building. Confirm with a local specialist what transfers to a new owner and what you need to apply for yourself.
Living Near Tengachaya and Shinsekai
Tengachaya Station is on the Nankai Kōya Line, and the walk from the front door takes about three minutes. From there the rail network reaches Namba, Dotonbori and Osaka Castle, along with the business and shopping districts. For guests that is a real selling point, since most visitors to Osaka plan their days around the train.
The neighbourhood mixes older and newer buildings, with local eateries and everyday shops close by. Shinsekai, with its retro streets and Tsutenkaku Tower, is the nearest landmark. Sumiyoshi Taisha Shrine, one of Japan's oldest shrine sites, and the food stalls of Kuromon Ichiba Market are both easy trips. Kansai International Airport is roughly an hour away by train, which matters if guests or owners fly in from abroad.
Buying Osaka Real Estate as a Foreign Buyer
Japan real estate is open to foreign buyers, and owning a property does not by itself give you a right to live in the country. For a small freehold building like this one, most of the work comes in due diligence: checking the building's legal use, the licence position, the condition of the structure and the real income. A bilingual agent, a judicial scrivener and an accountant are worth hiring.
Key Features
- Property type: house, currently operated as a hotel/ryokan
- Living area: 74 m²
- Plot size: 48 m²
- 2 bedrooms and 2 bathrooms
- Two-storey building, both floors in accommodation use
- Living-dining-kitchen with modern appliances and storage
- Separate shower area and dedicated washroom
- Freehold land and building
- Good overall condition
- No garden, low-maintenance compact lot
- 3-minute walk to Tengachaya Station (Nankai Kōya Line)
- Seller-quoted gross yield of 20.99%
- Expected handover in mid-October 2026
Frequently Asked Questions
Can I keep operating it as a ryokan or short-term rental?
The building is in accommodation use today, and the seller presents continued operation as an option. Licences depend on the operator and local rules, so have a specialist confirm what carries over and what you must apply for.
Can a foreigner buy a house in Osaka?
Yes. Japan does not generally restrict foreign nationals from owning real estate. Buying does not grant a visa, so plan residency separately if you intend to move.
How far is it from the airport?
Kansai International Airport is about an hour by train. Tengachaya Station is a three-minute walk from the house.
If you want to view this Nishinari-ku property or request the income figures, contact us through Homestra and we will pass your questions to the seller's agent.
Details
- Amount of bedrooms
- 2
- Size
- 74m²
- Price per m²
- €494,595
- Garden size
- 48m²
- Has Garden
- No
- Has Parking
- No
- Has Basement
- No
- Condition
- good
- Amount of Bathrooms
- 2
- Has swimming pool
- No
- Property type
- House
- Energy label
Unknown
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