501 Mystic Valley Parkway, Somerville, MA 02144

Somerville
Local realty services provided by:ERA Millennium Real Estate
501 Mystic Valley Parkway,Somerville, MA 02144
$8,500,000
  • 0.92 Acres
  • Lots / Land
  • Active
Listed by: christopher sower
Office: cushman & wakefield
MLS#:73552820
Source:MLSPIN

Price summary

  • Price:$8,500,000

About this home

Presenting 501 Mystic Valley Parkway located in Somerville, Massachusetts. A proposed 0.92-acre site, for sixty-four (64) residential units. The existing building on the property has been recently demolished and due to recent changes to Somerville’s zoning code 501 Mystic Valley now allows for multi-family development. This presents a rare opportunity to achieve significant density in a high-barrier-to-entry neighborhood. Ideally situated in Somerville’s West Somerville neighborhood along Mystic Valley Parkway, the property boasts excellent access to local amenities, retail/shopping options, public transportation, major universities, and effortless access into or out of the city.

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Home facts

  • Listing ID #:73552820
  • Updated:July 21, 2026 at 11:58 PM

Structure and exterior

  • Lot area:0.92 Acres
  • Lot Features:Cleared, Level

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$8,500,000
  • Tax amount:$99 (2099)
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