Kelleher and Pentore of Horvath & Tremblay handle $3.3m sale of Jason Arms, a 12 unit multi-family property

Arlington, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of Jason Arms, a 12 unit multi-family property. Horvath & Tremblay exclusively represented the seller and sourced the buyer in the transaction. The asset sold for $3.3 million. 

Jason Arms is located at 15 Jason St. The three-story, value-add building contains 12 one-bedroom/one-bathroom units with 10,450 s/f of gross living area in 14,696 s/f of gross area. The property is situated upon a 0.16-acre parcel and features three off-street parking spaces. Tenants are responsible for separately metered electricity, which they pay directly, and the Landlord is responsible for providing heat, hot water, and domestic water & sewer. Jason Arms is strategically positioned offering access to the town’s vibrant neighborhood centers, established residential enclaves, and nearby commercial corridors. Jason Arms benefits from solid local connectivity, with nearby MBTA bus service along Massachusetts Ave. and convenient access to the Red Line at Alewife for rail connections into Cambridge and Boston. The area is also served by commuter rail options on the Fitchburg and Lowell lines within the broader  area, giving residents additional regional transit reach. The property also benefits from strong connectivity to major local thoroughfares including Massachusetts Ave. (Rte. 2A) and Broadway (Rte. 99), as well as immediate access to Rte. 2, providing efficient regional access to Cambridge, Boston, and the broader Greater Boston area.