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
See this Listing
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
- Address496 Medford Street Somerville MA
- CitySomerville
- CountyMiddlesex
- Zip Code02145
Subdivisions in Somerville
Market Summary
Current real estate data for Single Family in Somerville as of Oct 23, 2025
25
Single Family Listed
59
Avg DOM
715
Avg $ / SqFt
$1,687,872
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 $715. The average listing price for Single Family in Somerville is $1,687,872. 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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Courtesy of Lamacchia Realty, Inc.. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
496 Medford Street
Somerville, MA