Multi Family at 124 Jason St, Arlington MA 02476, Arlington
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$1,299,000

124 Jason St, Arlington MA 02476
Arlington, MA 02476
Listed by Steve McKenna & The Home Advantage Team
Bedrooms
5
Bathrooms
3
Living area
2,447 sqft
Year built
1916

About this home

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.

Property details

MLS #
73578826
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
7
On market date
September 17, 2026
Stories
3
Total bathrooms
3
Garage spaces
N/A
Parking spaces
6
Lot size
0.13 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Brackett
0.69 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
442
Student:teacher ratio
12.6:1
District
Arlington
Middle
Gibbs School
0.91 mi away · Grades 6
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
452
Student:teacher ratio
11.6:1
District
Arlington
High
Arlington High
0.52 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,483
Student:teacher ratio
13.0:1
District
Arlington

Walkability

Blended score for Arlington's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

80
Walkable
out of 100
EPA National Walkability Index
13.2 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks20
Schools20
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Arlington, from live MLS data.

On the market 7 days -- 66 fewer days than Arlington's current average of 73 days.
For reference, the median list price across 248 active listings in Arlington right now is $249,000.

Mortgage calculator

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Est. monthly payment
$7,973/mo
$259,800 down
$1,039,200 loan
Principal & interest$6,740
Property tax (est.)$1,083
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 1 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.