Twelve-Unit Apartment
15-15a Jason Street Arlington, MA 02476
15-15a Jason Street, Arlington, MA, 02476
$3,450,000
For Sale
$3,450,000
Meticulously maintained three-story building offers twelve 1-bedroom units with off-street parking and on-site laundry.
Property Size10,450 SF
Lot Size0.16 Acres
Price / SF$330.14
Days on Market90
Property Features for 15-15a Jason Street
General Information
- Standard status
- Active
- Size
- 10,450 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Horvath & Tremblay
Listed by
Kelleher - Pentore Team
(413) 584-2900
Source
Mapleandmainrealty
Added: Apr 23 Updated: Jul 20 at 10:50PM Checked: Jul 21 at 7:06AM
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 12-unit, three-story apartment building featuring twelve 1-bedroom, 1-bathroom units. The property provides 10,450 square feet of gross living area within a 14,696 square foot overall gross area on a 0.16-acre parcel. Tenant amenities include off-street parking, on-site laundry, and basement storage.
The building has 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 configuration includes six larger 1-bedroom units, with opportunity to reconfigure half the building to 2-bedroom or 3-bedroom layouts. The property has been family owned for over two decades.
The building has 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 configuration includes six larger 1-bedroom units, with opportunity to reconfigure half the building to 2-bedroom or 3-bedroom layouts. The property has been family owned for over two decades.
Key Highlights
- 12‑unit multi‑family at 15 Jason Street, Arlington, MA—three‑story building with twelve 1‑bedroom/1‑bath units
- 10,450 SF gross living area in a 14,696 SF gross area building on a 0.16‑acre parcel
- Recent capital improvements: gas‑fired boiler (2020), hot water system (2022), and new electrical panels with circuit breakers in all units
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 | $398.8k | $38.16 |
| − Vacancy | −$20.7k | −$1.98 |
| EGI | $378.0k | $36.18 |
| − OpEx | −$170.1k | −$16.28 |
| NOI | $207.9k | $19.90 |
10,450 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.97M
$2.60M – $3.47M
NOI $207,920 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.19M
$5.41M – $7.22M
NOI $433,045 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Meticulously maintained three-story building offers twelve 1-bedroom units with off-street parking and on-site laundry.
Where is this apartment building located?
The property is located at 15-15a Jason Street 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 multi‑family at 15 Jason Street, Arlington, MA—three‑story building with twelve 1‑bedroom/1‑bath units; 10,450 SF gross living area in a 14,696 SF gross area building on a 0.16‑acre parcel; Recent capital improvements: gas‑fired boiler (2020), hot water system (2022), and new electrical panels with circuit breakers in all units
