371 Highland Ave is a fully permitted and approved 23-unit development opportunity situated in the heart of Davis Square, featuring 13 below-grade parking spaces. The full Construction Document set is available. This mid-rise building encompasses 30,050 gross square feet. The existing building has been demolished and is ready for construction to begin immediately. 371 Highland Ave is strategically placed adjacent to the Davis Square MBTA stop, meeting the growing demand for premium living spaces in this vibrant area. Great opportunity to develop and sell as condos or develop and add a blue-chip rental property to your portfolio.
— MLSPIN #: 73390337Map of 371 Highland Ave, Somerville, MA 02144
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| List Price: | $4,995,000 |
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| Status: | New |
| MLS ID: | 73390337 |
| Town: | Somerville |
| Neighborhood: | Davis Square |
| County: | Middlesex |
| Zip: | 02144 |
| Property Type: | Land |
| Acres: | 0.19 |
| Taxes: | 17,716 |
| Lot Features: | Level, Other |
| Status: | Active |
| Water Source: | Public, On-Site, At Street |
| Directions: | 371 Highland Ave |
| Postal Code Plus4: | 2518 |
| Electric: | On-Site, At Street |
| Listing Contract Date: | 2025-06-12 |
| Lot Size Area: | 0.19 |
| Lot Size Square Feet: | 8,127 |
| Bathrooms Total Integer: | 0 |
| Community Features: | Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University |
| Gas: | At Street |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Parcel Number: | M:24 B:F L:5, 750336 |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer, On-Site, At Street |
| Zoning: | CBD |
| Electric On Property?: | Yes |
| Farm Land Area Units: | Square Feet |
| Listing Agreement: | Exclusive Right To Sell |
| Certificate Number: | 00131567 |
| Disclosure: | No |
| Dpr Flag: | No |
| Listing Alert: | No |
| Page: | 594 |
| Original List Price: | $4,995,000 |
| Tax Assessed Value: | $1,623,800 |
| Tax Year: | 2025 |
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MLS Property Information Network, Inc. data last updated on June 14, 2025 02:55 PM
Property Last Updated: June 13, 2025 12:23 PM
Listing Courtesy of: Keller Williams Realty
Listing Agent: Chris Kostopoulos Group
857-829-0282
