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
Map
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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
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