Three-Story 12-Unit Apartment
15-15A Jason St Arlington, MA 02476
15-15A Jason St, Arlington, MA, 02476
$3,450,000
For Sale
$3,450,000
Well-maintained three-story building with twelve 1-bedroom units, off-street parking, on-site laundry, and basement storage.
Property Size14,696 SF
Lot Size0.16 Acres
Price / SF$234.76
Days on Market79
Property Features for 15-15A Jason St
General Information
- Standard status
- Active
- Size
- 14,696 SF
- Lot size
- 0.16 Acres
- Property subtype
- 5+ Family - 5+ Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Horvath & Tremblay
(781) 776-4000
Listed by
Kelleher - Pentore Team
Source
Downtownbostonrealty
Added: May 4 Updated: Jul 20 at 4:59PM Checked: Jul 21 at 6:24AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
Jason Arms is a meticulously maintained three-story, 12-unit apartment building containing twelve 1-bedroom/1-bathroom units. The property offers off-street parking, on-site laundry, and basement storage for tenants.
The building sits on a 0.16-acre parcel and includes three off-street parking spaces. Recent capital improvements include a new gas-fired boiler (2020), a new hot water system (2022), and new electrical panels with circuit breakers in all units.
The unit mix includes six larger 1-bedroom “1 Bedroom++” style units. The current opportunity is to reconfigure space in half of the building to create additional 2-bedroom or 3-bedroom units.
The building sits on a 0.16-acre parcel and includes three off-street parking spaces. Recent capital improvements include a new gas-fired boiler (2020), a new hot water system (2022), and new electrical panels with circuit breakers in all units.
The unit mix includes six larger 1-bedroom “1 Bedroom++” style units. The current opportunity is to reconfigure space in half of the building to create additional 2-bedroom or 3-bedroom units.
Key Highlights
- 12‑unit, three‑story multifamily building built in 1900 at 15 Jason Street in Arlington, MA
- Twelve 1‑bedroom/1‑bath units totaling 10,450 SF of gross living area in a 14,696 SF gross area
- 0.16‑acre parcel with three off‑street parking spaces and tenant amenities including on‑site laundry and basement storage
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $560.8k | $38.16 |
| − Vacancy | −$29.2k | −$1.98 |
| EGI | $531.6k | $36.18 |
| − OpEx | −$239.2k | −$16.28 |
| NOI | $292.4k | $19.90 |
14,696 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.18M
$3.66M – $4.87M
NOI $292,401 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.70M
$7.61M – $10.15M
NOI $608,998 @ 7.0% cap · market cap 17.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Well-maintained three-story building with twelve 1-bedroom units, off-street parking, on-site laundry, and basement storage.
Where is this apartment building located?
The property is located at 15-15A Jason St Arlington, MA.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 12‑unit, three‑story multifamily building built in 1900 at 15 Jason Street in Arlington, MA; Twelve 1‑bedroom/1‑bath units totaling 10,450 SF of gross living area in a 14,696 SF gross area; 0.16‑acre parcel with three off‑street parking spaces and tenant amenities including on‑site laundry and basement storage
