501 Mystic Valley Parkway Somerville, MA ^$ 8,500,000

501 Mystic Valley Parkway

^$ 8,500,000

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Recently Listed

501 Mystic Valley Parkway

Somerville, MA, 02144

^$ 8,500,000

Studio Baths0.0

Monthly Estimate*

^$ 53,670

501 Mystic Valley Parkway, Somerville, MA 02144 - Image 1

501 Mystic Valley Parkway, Somerville, MA 02144 - Image 2

501 Mystic Valley Parkway, Somerville, MA 02144 - Image 3

501 Mystic Valley Parkway, Somerville, MA 02144 - Image 4

501 Mystic Valley Parkway, Somerville, MA 02144 - Image 5

501 Mystic Valley Parkway, Somerville, MA 02144 - Image 6

501 Mystic Valley Parkway, Somerville, MA 02144 - Image 7

501 Mystic Valley Parkway, Somerville, MA 02144 - Image 8

Studio

Lots and Land for sale in Somerville, MA

for $8,500,000. The lot size is 0.92.

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.

Lots and Land Active

Price

^$ 8,500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 99

Style

Level,Cleared

Lot Size

0.92

Town/City

Somerville

County/Region

Middlesex

MLS | Web ID

73552820

List By

Christopher Sower

Listing Agent

Cushman & Wakefield

Broker

Affordability Calculator

$53,678

Per Month

Monthly Principal & Interest: $53,670
Monthly Property Taxes: $8
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% 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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Trends

Lots and land listings in Somerville, MA

Average List Price ^$2,897,450

Percent of Sale Price 66%

About Somerville, MA

81,036 Population

5% Since 2002

^$82,952 Median Income

36.55 Median Age

16% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
7/21/2026	$8,500,000		Listed Price

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501 Mystic Valley Parkway, Somerville, MA, 02144 is a Lots and Land for sale at $8,500,000 with a lot size of 0.92. 501 Mystic Valley Parkway is a studio with 0.0 baths. The property's zip code is 02144 which is in Somerville, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Data is updated as of 7/22/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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.

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501 Mystic Valley Parkway

Lots and Land for sale in Somerville, MA

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