496 Medford Street Somerville MA 02145 MLS #73436389

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
Address:
496 Medford Street
Type:
Single Family
Subtype:
Single Family Residence
City:
Somerville
Listed Date:
Sep 26, 2025
State:
MA
Finished Sq Ft:
1,244
Total Sq Ft:
1,244
ZIP:
02145
Lot Size:
2,240 sqft / 0.05 acres (approx)
Year Built:
1920

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

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496 Medford Street
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