496 Medford Street, Somerville, MA 02145

Local realty services provided by:ERA Key Realty Services
496 Medford Street,Somerville, MA 02145
$1,150,000
  • 2 Beds
  • 2 Baths
  • 1,244 sq. ft.
  • Single family
  • Active
Listed by:abhinay patel
Office:lamacchia realty, inc.
MLS#:73436389
Source:MLSPIN

Price summary

  • Price:$1,150,000
  • Price per sq. ft.:$924.44

About this home

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.

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Home facts

  • Year built:1920
  • Listing ID #:73436389
  • Updated:September 26, 2025 at 11:50 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Living area:1,244 sq. ft.

Heating and cooling

  • Heating:Oil, Steam

Structure and exterior

  • Year built:1920
  • Building area:1,244 sq. ft.
  • Lot area:0.05 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,150,000
  • Price per sq. ft.:$924.44
  • Tax amount:$8,708 (2025)
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