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496 Medford Street, Somerville, MA 02145

Local realty services provided by:CENTURY 21 The Real Estate Group
496 Medford Street,Somerville, MA 02145
$1,150,000
  • 2 Beds
  • 2 Baths
  • 1,244 sq. ft.
  • Single family
  • Active
Listed by: abhinay patel
Office: lamacchia realty, inc.
MLS#:73436389
Source:MLSPIN

Price summary

  • Price:$1,150,000
  • Price per sq. ft.:$924.44

About this home

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.

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Home facts

  • Year built:1920
  • Listing ID #:73436389
  • Updated:January 25, 2026 at 11:31 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Living area:1,244 sq. ft.

Heating and cooling

  • Heating:Oil, Steam

Structure and exterior

  • Year built:1920
  • Building area:1,244 sq. ft.
  • Lot area:0.05 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,150,000
  • Price per sq. ft.:$924.44
  • Tax amount:$8,708 (2025)
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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