About this home
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.
Listing last checked: Listing updated:
Listed by Steve Mckenna & The Home Advantage Team · Gibson Sotheby's International Realty · MLS #73578826
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Details at a glance
Interior5 property facts
- Rooms
- 12
- Heating
- Steam, Natural Gas
- Cooling
- None
- Flooring
- Wood, Tile, Carpet, Hardwood
- Basement
- Yes · Full, Concrete
Building5 property facts
- Style
- Multi Family
- Year built
- 1916
- Parking
- 6
- Foundation
- Stone
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 0.13 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- R1
Financial2 property facts
- Annual taxes
- $13,657
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $1,299,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$7,707 / monthAdjust
- Principal & interest
- $6,568
- Property tax
- $1,138
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $13,657. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $1,335,414
Estimated range $1,223,942–$1,446,885.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: average
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About 124 Jason St
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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