$1,150,000 - 496 Medford Street, Somerville, MA 02145
496 Medford Street
Somerville,
MA
02145
496 Medford Street Somerville, MA 02145
2
Beds
1 full, 1 half
Baths
1,244
Sqft
2,240
Sqft lot
0.05
Acre lot
$1,150,000
Est. $4,235 / mo.*
Status:
Active
Property Type:
Single Family Residence
Year Built:
1920
Days on Website:
95
Courtesy of Lamacchia Realty, Inc., Abhinay Patel.
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.
Open House
Property Details and Features
Property Access
- Accessibility Features: "No"
Basement
- Basement: "Full"
Bathrooms
- 1 full bathroom
- 1 half bathroom
- 1.5 total bathrooms
- 2 total bathrooms
Bedrooms
- 2 bedrooms
Building
- Building Area Total: 1244
- Building Area Units: Square Feet
- Living Area: 1244
- Year Built Source: Public Records
- Year Built: 1920
Community
- Community Features: "Public Transportation", "Shopping", "Laundromat", "Highway Access", "House of Worship", "Public School", "T-Station"
Cooling
- Cooling: "None"
Foundation
- Foundation Details: "Other"
Heating
- Heating: "Steam", "Oil"
- Heating Included
Lot
- Lot Features: "Level"
- Lot Size Acres: 0.05
- Lot Size Area: 0.05
- Lot Size Square Feet: 2240
- Lot Size Units: Acres
- Parcel Number: M:41 B:A L:4,753359
Parking
- Parking Total: 0
Property
- Property Sub Type: Single Family Residence
- View: "City View(s)"
- Zoning: NB
Sewer
- Sewer: "Public Sewer"
Taxes
- Tax Annual Amount: 8708
- Tax Year: 2025
Utilities
- Water Source: "Public"