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.
— MLSPIN #: 73436389Map of 496 Medford Street, Somerville, MA 02145
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| List Price: | $1,150,000 |
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| Status: | Active |
| MLS ID: | 73436389 |
| Town: | Somerville |
| County: | Middlesex |
| Zip: | 02145 |
| Property Type: | Residential |
| Property Sub Type: | Single Family Residence |
| Bedrooms: | 2 |
| Full Baths: | 1 |
| Half Baths: | 1 |
| Living Area: | 1,244 sqft |
| Acres: | 0.05 |
| Taxes: | 8,708 |
| Cooling: | None |
| Heating: | Steam, Oil |
| Lot Features: | Level |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1920 |
| Accessibility Features: | No |
| Directions: | Broadway to Medford Street |
| Foundation Details: | Other |
| Postal Code Plus4: | 2650 |
| Listing Contract Date: | 2025-09-26 |
| Heating?: | Yes |
| Lot Size Area: | 0.05 |
| Lot Size Square Feet: | 2,240 |
| Rooms Total: | 5 |
| Architectural Style: | Other (See Remarks) |
| Bathrooms Total Integer: | 2 |
| Basement: | true |
| Basement: | Full |
| Building Area Source: | Public Records |
| Building Area Total: | 1,244 |
| Community Features: | Public Transportation, Shopping, Laundromat, Highway Access, House of Worship, Public School, T-Station |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Parcel Number: | M:41 B:A L:4, 753359 |
| Sewer: | Public Sewer |
| Zoning: | NB |
| View: | City View(s) |
| Year Built Source: | Public Records |
| Disclosures: | Buyers and buyers agents to perform due diligence. Some photos may be virtually enhanced. Existing building is tenant occupied. |
| Farm Land Area Units: | Square Feet |
| Listing Agreement: | Exclusive Right To Sell |
| Certificate Number: | 000000234243 |
| Disclosure: | No |
| Dpr Flag: | No |
| Lead Paint: | Unknown |
| Listing Alert: | No |
| List Price Per Sqft: | $924.44 |
| Page: | 106 |
| Price Per Sqft: | $924.44 |
| Square Feet Disclosures: | Measurements are approximate. |
| Square Feet Incl Base: | No |
| Uffi: | Unknown |
| Year Round: | Yes |
| Original List Price: | $1,150,000 |
| Room Master Bathroom Features: | No |
| Tax Assessed Value: | $798,200 |
| Tax Year: | 2025 |
| View?: | Yes |
| Year Built Details: | Actual |
| Waterview Flag: | No |
| Insulation Feature: | Unknown |
Disclaimer:
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on December 14, 2025 04:06 PM
Property Last Updated: November 06, 2025 02:39 PM
Listing Courtesy of: Lamacchia Realty, Inc.
Listing Agent: Abhinay Patel
