496 Medford Street Somerville, MA $ 1,150,000
496 Medford Street
$ 1,150,000
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496 Medford Street

Somerville, MA, 02145
$ 1,150,000
Bedrooms2 Baths1.1 Sq 1,244

Monthly Estimate*

$ 7,175

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Single Family Home for sale in Somerville, MA

for $1,150,000 with 2 bedrooms and 1 full bath, 1 half bath. This 1,244 square foot home was built in 1920 on a lot size of 0.05.

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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Single Family Active

Price

$ 1,150,000

Bedrooms

2

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 8,708

Style

Lot Size

0.05

Year Built

1920

Town/City

Somerville

County/Region

Middlesex

MLS | Web ID

73436389

List By
Abhinay Patel

Listing Agent

Lamacchia Realty, Inc.

Broker

Affordability Calculator

$7,900
Per Month
91%
9%
0%
Monthly Principal & Interest
$7,175
Monthly Property Taxes
$726
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
9/26/2025$1,150,000 Listed Price

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496 Medford Street, Somerville, MA, 02145 is a Single Family Home for sale at $1,150,000 with 1,244 sqft and a lot size of 0.05. 496 Medford Street has 2 bedrooms, 1.1 baths, and was built in 1920. The property's zip code is 02145 which is in Somerville, MA