371 Highland Ave, Somerville, MA 02144
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$4,995,000
0.19 Acre
Mixed Use
Lots: N/A
Zoning: N/A
HOA: N/A

Property Description

371 Highland Ave is a fully permitted and approved 23-unit development opportunity situated in the heart of Davis Square, featuring 13 below-grade parking spaces. The full Construction Document set is available. This mid-rise building encompasses 30,050 gross square feet. The existing building has been demolished and is ready for construction to begin immediately. 371 Highland Ave is strategically placed adjacent to the Davis Square MBTA stop, meeting the growing demand for premium living spaces in this vibrant area. Great opportunity to develop and sell as condos or develop and add a blue-chip rental property to your portfolio.

Property Details tap to expand

Land Information

  • Land Description: Level|Other (See Remarks)
  • Amenities: Bike Path, Highway Access, House of Worship, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails
  • Improvements: Other (See Remarks)
  • Road Type: Public

Utilities

  • Water: At Street, Community Well, Individual Meter, Individual Well, On-Site, Public
  • Sewer: At Street, Inspection Required for Sale, On-Site, Private Sewerage, Public, Pumice Wick
  • Electric Info: 110 Volts, 220 Volts, At Street, On-Site
  • Gas: At Street

Other Information

  • Last Updated: 06/13/25
  • HOA: No
  • Reqd Own Association: Unknown

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/12/2025New$4,995,000MLSPIN
10/01/2024Active$5,500,000MLSPIN
09/27/2024New$5,500,000MLSPIN
07/04/2023Expired$1MLSPIN
03/27/2023Active$1MLSPIN
03/23/2023New$1MLSPIN
03/01/2023Expired$7,750,000MLSPIN
01/22/2023Active$7,750,000MLSPIN
01/18/2023Price Change$7,750,000MLSPIN
12/03/2022Active$7,955,000MLSPIN
11/29/2022Price Change$7,955,000MLSPIN
11/01/2022Active$8,500,000MLSPIN
10/28/2022New$8,500,000MLSPIN

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Seller's Representative: Chris Kostopoulos Group, Keller Williams Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-13 12:23:00