496 Medford Street Somerville MA 02145 MLS #73436389

496 Medford Street
Somerville, MA, 02145
$1,150,000
2 Beds
1.5 Baths
1,244 SqFt
0.05 Acres
$1,150,000
496 Medford Street
Somerville, MA, 02145
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
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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496 Medford Street
Somerville, MA