Duplex with Walk-Up
For Sale
$1,299,000
124 Jason Street, Arlington, MA 02476
Across from Menotomy Rocks Park, the property includes a yard, off-street parking, and an existing two-family configuration.
Property Size2,447 SF
Price / SF$530.85
Days on Market9
Property Features for 124 Jason Street
General Information
Standard status
Active
Size
2,447 SF
Property subtype
Multi-family
Lease Term
[]
Property Condition
Severity
Repairs Needed
Evidence
requires updating and renovation
Additional Details
Multifamily Units
2
Building Details
Year Built
1916
Listing Agency:
Gibson Sotheby's International Realty
Listed By:
Steve McKenna · License #449501588
(781) 645-0505
Source:
Yourhomeforsale
Added: Sep 16
Changed: Sep 23
Last Checked: Sep 24 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 1916, this two-family home retains original architectural details and includes a walk-up attic, a high-ceiling basement, and storage areas. The property requires updating and renovation and is offered in its current as-is condition. Newer heating systems, hot water, windows, and a roof are already in place.
The home is located at 124 Jason St in Arlington, directly across from Menotomy Rocks Park and near the park’s pond and trails. Whole Foods is also nearby. Exterior features include a yard and off-street parking, with the existing parking area accommodating multiple vehicles. The property’s current two-family layout provides an established residential configuration, while the source information also identifies potential paths including conversion to a single-family residence, ADU creation, condominium conversion, or continued use as a two-family home.
The home is located at 124 Jason St in Arlington, directly across from Menotomy Rocks Park and near the park’s pond and trails. Whole Foods is also nearby. Exterior features include a yard and off-street parking, with the existing parking area accommodating multiple vehicles. The property’s current two-family layout provides an established residential configuration, while the source information also identifies potential paths including conversion to a single-family residence, ADU creation, condominium conversion, or continued use as a two-family home.
Key Highlights
- Two‑family home built in 1916
- Directly across from Menotomy Rocks Park
- Walk‑up attic and high‑ceiling basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,779
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,035,580
$1.0M
Cap Rate 7%
$739,700
$739.7K
Cap Rate 9%
$575,322
$575.3K
Market Conditions
NOI Build-Up for 2,447 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$77.8K $31.80/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$74.0K $30.23/SF
− OpEx
−$22.2K −$9.07/SF
NOI
$51.8K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,035,580
Cap Rate 7%
$739,700
Cap Rate 9%
$575,322
Alternative Uses
Best Use
Multifamily LT 5
$739.7K
$647.2K – $863.0K
NOI $51,779 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$695.5K
$608.6K – $811.5K
NOI $48,687 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,403 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 02476, MA
17,757
Population
8,058
Households
2.2
Avg Household Size
44
Median Age
75%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
8,456
Density / Sq Mi
$145,150
Median Household Income
$91,600
Median Earnings
$1,823
Median Rent
$882,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Across from Menotomy Rocks Park, the property includes a yard, off-street parking, and an existing two-family configuration.
Where is this duplex located?
The property is located at 124 Jason Street Arlington, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two‑family home built in 1916; Directly across from Menotomy Rocks Park; Walk‑up attic and high‑ceiling basement
