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Property Description
Prime TOD opportunity in Somerville’s vibrant Magoun Square, steps from the Green Line Extension. This 2,240 SF MR-4 zoned lot with Pedestrian Street Overlay allows up to 4 stories—ideal for a mixed-use project with approx. 6 residential units above ground-floor commercial or amenity space. No parking requirements and flexible design standards support a walkable, transit-friendly concept aligned with the city’s smart growth vision. The lot’s dimensions allow for modern condo or townhouse-style layouts. Ground floor and basement are well-suited for retail, amenities, or storage, maximizing value and livability. Zoning analysis completed—developers can move quickly to design and permitting. A rare blend of timing, location, and zoning flexibility in one of Greater Boston’s most in-demand neighborhoods. Strong market comps, buyer demand, and local precedent make this a standout infill opportunity.
Features
: Oil, Steam
: Full
Address
US
Massachusetts
Middlesex
Somerville
Medford Street
496
02145
Other Details
: Other (see Remarks)
0
: Public Transportation, Shopping, Public School, Laundromat, Highway Access, House Of Worship, T-station
0.05
: Single Family Residence
: Public Sewer
: Nb
1244
Residential For Sale
496 Medford Street, Somerville, Massachusetts 02145
2 Bedrooms
2 Bathrooms
$1,150,000
Property Details
Property Type : Residential
Listing Type : For Sale
Price : $1,150,000
View : City View(s)
Bedrooms : 2
Bathrooms : 2
Year Built : 1920
Status : Active