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.
Property Details
Price:
$8,500,000
MLS #:
73552820
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Subtype:
Residential
Listed Date:
Jul 21, 2026
Lot Size:
40,075 sqft / 0.92 acres (approx)
See this Listing
Schools
Interior
Exterior
Lot Features
Level, Cleared
Financial
Tax Year
2099
Taxes
$99
Map
Community
- Address501 Mystic Valley Parkway Somerville MA
- CitySomerville
- CountyMiddlesex
- Zip Code02144
Subdivisions in Somerville
Market Summary
Current real estate data for Land in Somerville as of Jul 25, 2026
4
Land Listed
283
Avg DOM
$4,436,225
Avg List Price
Property Summary
- 501 Mystic Valley Parkway Somerville MA is a Land for sale in Somerville, MA, 02144. It is listed for $8,500,000 and features 1 acres. To schedule a showing of MLS#73552820 at 501 Mystic Valley Parkway in Somerville, MA, contact your Cornerstone Real Estate agent at 617-238-7400.
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Courtesy of Cushman & Wakefield. 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.
501 Mystic Valley Parkway
Somerville, MA