Active
3 Days on market
124 Jason St Arlington — Photo 1 of 42

124 Jason St Arlington — Photo 1 of 42

$1,299,000

124 Jason St, Arlington, MA 02476

Arlington, MA 02476

Investor Analysis

Beds

5

Baths

3

SqFt

2,447

Style

Multi Family

Built

1916

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.

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$531/sqft
Local Avg (Arlington)$554/sqft
4% BelowMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Arlington, MA.

Property Details

Financials

Original Price$1,299,000
Annual Taxes$13,657

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms12
FireplacesNone
FlooringWood, Tile, Carpet, Hardwood
BasementFull, Concrete

Climate & Utilities

HeatingSteam, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningR1

Property & Lot

Acres0.13
SqFt Lot5,763
Lot FeaturesEasements, Level

Amenities & Appliances

Range • Dishwasher • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Conservation Area

Geography

Population

17,708

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$151K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

37.7%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Steve Mckenna & The Home Advantage Team

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73578826

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