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501 Mystic Valley Parkway, Somerville, MA 02144

Somerville
Local realty services provided by:CENTURY 21 Shawmut Properties
501 Mystic Valley Parkway,Somerville, MA 02144
$8,500,000
  • 0.92 Acres
  • Lots / Land
  • Active
Listed by: christopher sower
Office: cushman & wakefield
MLS#:73552820
Source:MLSPIN

Price summary

  • Price:$8,500,000

About this home

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.

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Home facts

  • Listing ID #:73552820
  • Updated:July 24, 2026 at 10:53 AM

Structure and exterior

  • Lot area:0.92 Acres
  • Lot Features:Cleared, Level

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$8,500,000
  • Tax amount:$99 (2099)
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. MLSPIN Member Broker: J. Michael Brasco

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