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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.

More Info

Basic Information

  • Gross Income $15,000
  • Listing Terms Other (See Remarks)
  • Lot Features Easements, Level
  • Mls StatusNew
  • Parcel Number M:139.0 B:0006 L:0003,328679
  • Rent Includes Unit 1(Water), Unit 2(Water)
  • Road Frontage DescriptionPaved

Location

  • Address124 Jason Street
  • Building Number124
  • CountyMiddlesex
  • StateMA
  • StreetJason Street
  • TownArlington
  • Zip02476

Exterior

  • Exterior Features Rain Gutters
  • RoofShingle

Utilities

  • Electric Circuit Breakers
  • Heat SystemYes
  • Heating Steam, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • Sidewalks
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Refrigerator
  • Other AmenitiesBasement, Garden

Tax Information

  • Tax Assessed Value $1,280,000
  • Tax Year 2026
  • Taxes$13,657

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces6

Basic Information

  • List Price$1,299,000
  • MLS Number73578826
  • Modification Date09/17/2026
  • Property SubTypeMulti Family

Property

  • Acreage0.13

Interior

  • Flooring Wood, Tile, Carpet, Hardwood
  • Interior Features
    • Ceiling Fan(s)
    • Crown Molding
    • Dining Room
    • Floored Attic
    • Kitchen
    • Living Room
    • Storage
    • Walk-Up Attic

Property Information

  • Building Area Source Public Records
  • Living Area 2,447
  • Lot Size Square Feet 5,763
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet2,447

Other

  • Date Listed09/17/2026
  • Farm Land Area Units Square Feet

School Information

  • Elementary SchoolBishop/Brackett
  • High SchoolArlington
  • High School Arlington
  • Junior HighOttoson/Gibbs

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms6
  • Full Bath3

Building

  • BasementFull, Concrete
  • Building Area Units Square Feet
  • Construction Materials Frame
  • Door Features Insulated Doors, Storm Door(s)
  • FoundationStone
  • Levels 3
  • Patio And Porch Features Porch
  • Rooms12
  • Stories3
  • Units2
  • Utilities For Gas Range
  • Window Features Insulated Windows, Storm Window(s), Screens
  • Year Built1916
  • Year Built Details Approximate
  • Year Built Source Public Records

Map Location

Listed by Steve McKenna & The Home Advantage Team of Gibson Sotheby's International Realty

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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