15-15A Jason St, Arlington, MA 02476
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$3,450,000
12 Unit
12 Beds
12 Baths
10450 SQFT
0.16 Acre

Property Description

Jason Arms is a 12-unit multi-family investment property located at 15 Jason Street in Arlington, MA. The three-story building contains twelve (12) 1-Bedroom/1-Bathroom units with 10,450 square feet of gross living area in 14,696 square feet of gross area. It is situated upon a 0.16-acre parcel and features three off-street parking spaces. Jason Arms has been meticulously maintained and family owned for over two decades. The property features recent capital improvements including a new, gas fired boiler (2020), a new, hot water system (2022) and new electrical panels featuring circuit breakers in all units. Jason Arms, while positioned at an attractive cap rate upon acquisition, offers incredible upside for the incoming owner. Six (6) of the Twelve (12) units feature large, 1 Bedroom ++ style units. The opportunity exists to create either 2 Bedroom or 3 Bedroom units in half of the building. Amenities for tenants include off-street parking, on-site laundry and basement storage.

Property Details tap to expand

Building Information

  • Total Units: 12
  • Total Floors: 3
  • Total Bedrooms: 12
  • Total Full Baths: 12
  • Amenities: Bike Path, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, Tennis Court, University, Walk/Jog Trails
  • Basement Features: Unfinished Basement

Financial

  • APOD Available: Yes
  • Gross Operating Income: 317580
  • Gross Expenses: 91842
  • GSE: 21457
  • Water/Sewer: 7288
  • INSC: 12000
  • Net Operating Income: 219090

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Granite, Irregular
  • Roof Material: Rubber
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73512298
  • Last Updated: 05/08/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/04/2026New$3,450,000$330MLSPIN

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Seller's Representative: Kelleher - Pentore Team, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-05-08 03:05:00