496 Medford Street, Somerville, MA 02145
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$1,150,000
2 Beds
2 Baths
1244 SQFT
0.05 Acre
HOA: N/A

Property Description

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 tap to expand

Amenities

  • Highway Access
  • House of Worship
  • Laundromat
  • Public School
  • Public Transportation
  • Shopping
  • T-Station

Bathrooms

  • Full Baths: 1
  • Half Baths 1

Bedrooms

  • Bedrooms: 2

Other Rooms

  • Total Rooms: 5
  • Laundry Room Features: Full

Utilities

  • Heating: Oil, Steam
  • Cooling: None
  • Water: City/Town Water
  • Sewer: City/Town Sewer

Interior Features

  • Square Feet: 1244
  • Accessability Features: No

Construction

  • Year Built: 1920
  • Type: Detached
  • Style: Other (See Remarks)
  • Foundation Info: Other (See Remarks)
  • UFFI: Unknown
  • Lead Paint: Unknown
  • Warranty: No

Exterior & Lot

  • Lot Description: City View(s), Level

Other Information

  • MLS ID# 73436389
  • Last Updated: 09/26/25
  • HOA: No
  • Reqd Own Association: Unknown

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Seller's Representative: Abhinay Patel, Lamacchia Realty, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: n/a

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MLS PIN data last updated at 2025-09-26 16:36:00

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