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124 Jason St, Arlington MA 02476

$1,299,000

Estimated $3,244/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $649,500

Total Rent: 15000/year

Estimated CAP Rate:

5 Bedrooms

Baths

2447

Total Parking: 6

5,763 (0.13)

Prime Jason Street Neighborhood opportunity across from Menotomy Rocks Park! Rarely available, this two-family home offers an exceptional location and tremendous potential for a buyer, investor, or developer looking to create something special. Situated directly across from the park and just steps to the pond, trails, Whole Foods, and all that the Jason Street neighborhood has to offer, this is a location that is hard to replicate. The property presents an exciting opportunity to renovate and reimagine the existing two-family home to suit your needs. Explore the potential to convert the property to a beautiful single-family residence, create an ADU, pursue a condominium conversion, or maintain it as a two-family home. The possibilities are particularly appealing for those looking to add value in a premier Arlington location.The home retains much of its original character and architectural detail, providing a wonderful foundation for a thoughtful renovation. There is a walk-up attic offering additional potential, while the basement features high ceilings and excellent storage or future-use possibilities. Several important improvements have already been made, including newer heating systems, hot water, windows, and roof, providing a head start for the next owner.The property also offers a nice yard with ample off-street parking. The existing parking area could accommodate multiple vehicles or potentially be reimagined to create a more expansive rear yard, garden, or outdoor living space. The home requires updating and renovation and will be sold in its current “as-is” condition. For the buyer with vision, this is a rare chance to create substantial value in an extraordinary neighborhood, whether as a personal residence, investment property, or development opportunity. Opportunities in this location and with this level of flexibility are rarely available.

This home has been viewed 10 times

Last Checked: September 19th, 2026 at 9:23am (Source: MLS PIN #73578826)

Gross Income: $15,000

Gross Expenses: $13,657

Net Income Calc: $1,343

Water Views

Annual Expenses for 124 Jason St, Arlington MA 02476

Total Gross Expenses (Calculated)$13,657/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax13657

Annual Income & Unit Breakdown for 124 Jason St, Arlington MA 02476

Total Gross Income (Calculated)$15,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit2

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 124 Jason St, Arlington MA 02476

Listing ID73578826

Property TypeMulti Family

Price1299000 ($530.85/SqFt)

StyleMulti Family

CityArlington

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total2447

Approximate Lot Size (Acres)0.13

Total Parking6

Garage Parking0

Year Built1916

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR1

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 124 Jason St, Arlington MA 02476

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher & Dryer Are Negotiable

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 124 Jason St, Arlington MA 02476

Real Estate Taxes13657

Tax Year2026

Assessed Value$1,280,000

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 124 Jason St, Arlington MA 02476

Elementary SchoolBishop/Brackett

Middle SchoolOttoson/Gibbs

High SchoolAhs

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 124 Jason St, Arlington MA 02476

Agent

Name: Steve McKenna & The Home Advantage Team

Office

Name: Gibson Sotheby's International Realty

Phone: 781-648-3500

Team Members

Name: Stephen McKenna

Payment Calculator

, Interest

Property Taxes 1138.08

Principal & Interest 8004.02

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gibson Sotheby's International Realty

Steve McKenna & The Home Advantage Team

Agent Phone

Office Phone

(781) 648-3500

Text Agent Call Agent Call Office

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    [description] => Prime Jason Street Neighborhood opportunity across from Menotomy Rocks Park! Rarely available, this two-family home offers an exceptional location and tremendous potential for a buyer, investor, or developer looking to create something special. Situated directly across from the park and just steps to the pond, trails, Whole Foods, and all that the Jason Street neighborhood has to offer, this is a location that is hard to replicate. The property presents an exciting opportunity to renovate and reimagine the existing two-family home to suit your needs. Explore the potential to convert the property to a beautiful single-family residence, create an ADU, pursue a condominium conversion, or maintain it as a two-family home. The possibilities are particularly appealing for those looking to add value in a premier Arlington location.The home retains much of its original character and architectural detail, providing a wonderful foundation for a thoughtful renovation. There is a walk-up attic offering additional potential, while the basement features high ceilings and excellent storage or future-use possibilities. Several important improvements have already been made, including newer heating systems, hot water, windows, and roof, providing a head start for the next owner.The property also offers a nice yard with ample off-street parking. The existing parking area could accommodate multiple vehicles or potentially be reimagined to create a more expansive rear yard, garden, or outdoor living space. The home requires updating and renovation and will be sold in its current “as-is” condition. For the buyer with vision, this is a rare chance to create substantial value in an extraordinary neighborhood, whether as a personal residence, investment property, or development opportunity. Opportunities in this location and with this level of flexibility are rarely available.
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    [unparsed] => 124 Jason St, Arlington MA 02476
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EXIT

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