Homes for sale - 496 Medford Street, Somerville, MA 02145

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Lori Lincoln

lori@thinklorilincoln.com +1(508) 878-0917

$1,150,000

Est. payment - /mo

2 Beds

1.5 Baths

1,244 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,244 sqft

Price per Sqft $924

MLS Listing ID 73436389

Style Other (See Remarks)

Bedrooms 2

Full Baths 1

Half Baths 1

HOA Y/N false

Year Built 1920

Annual Tax Amount $8,708

Tax Year 2025

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type Single Family Residence

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.

Location

State MA

County Middlesex

Zoning NB

Direction Broadway to Medford Street

Rooms

Basement Full

Interior

Heating Steam, Oil

Cooling None

Exterior

Community Features Public Transportation, Shopping, Laundromat, Highway Access, House of Worship, Public School, T-Station

View Y/N Yes

View City View(s)

Garage No

Building

Lot Description Level

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Other (See Remarks)

Others

Senior Community false

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Listed by Lamacchia Realty, Inc.

Learn More About LPT Realty

Contact Us

+1(508) 878-0917

lori@thinklorilincoln.com

496 Medford Street Somerville, MA 02145