496 Medford Street Somerville MA 02145 MLS #73436389

496 Medford Street
Somerville, MA, 02145
$1,150,000
2 Beds
1.5 Baths
1,244 SqFt
0.05 Acres
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MLS #73436389 image #0MLS #73436389 image #1MLS #73436389 image #2MLS #73436389 image #3MLS #73436389 image #4MLS #73436389 image #5
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.

Property Details

Price:
$1,150,000
MLS #:
73436389
Status:
Active
Beds:
2
Baths:
1.5
Type:
Single Family
Subtype:
Single Family Residence
Listed Date:
Sep 26, 2025
Finished Sq Ft:
1,244
Total Sq Ft:
1,244
Lot Size:
2,240 sqft / 0.05 acres (approx)
Year Built:
1920

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Schools

Interior

Bathrooms
1 Full Bathroom, 1 Half Bathroom
Cooling
None
Heating
Steam, Oil

Exterior

Architectural Style
Other (See Remarks)
Community Features
Public Transportation, Shopping, Laundromat, Highway Access, House of Worship, Public School, T-Station

Financial

Tax Year
2025
Taxes
$8,708

Map

Community

Market Summary

Current real estate data for Single Family in Somerville as of Oct 02, 2025
28
Single Family Listed
62
Avg DOM
704
Avg $ / SqFt
$1,704,454
Avg List Price

Property Summary

    496 Medford Street Somerville MA is a Single Family for sale in Somerville, MA, 02145. It is listed for $1,150,000 and features 2 beds, 2 baths, and has approximately 1,244 square feet of living space, and was originally constructed in 1920. The current price per square foot is $924. The average price per square foot for Single Family listings in Somerville is $704. The average listing price for Single Family in Somerville is $1,704,454. To schedule a showing of MLS#73436389 at 496 Medford Street in Somerville, MA, contact your Cornerstone Real Estate agent at 617-238-7400.

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