Listing Tools

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.

More Info

Basic Information

  • Bedrooms2
  • Mls StatusActive
  • Bathroom2
  • Lot Features Level
  • Parcel Number M:41 B:A L:4,753359

Tax Information

  • Tax Assessed Value $798,200
  • Tax Year 2025
  • Taxes$8,708

Parking

  • Parking Spaces

Rooms

  • Bathrooms Total Decimal 1.5
  • Full Bath1
  • Half Baths1

Basic Information

  • List Price$1,150,000
  • MLS Number73436389
  • Modification Date11/06/2025
  • Property SubTypeSingle Family Residence

Location

  • Address496 Medford Street
  • Building Number496
  • CountyMiddlesex
  • StateMA
  • StreetMedford Street
  • TownSomerville
  • Zip02145

Building

  • BasementFull
  • Building Area Units Square Feet
  • FoundationOther
  • Property StyleOther (See Remarks)
  • Rooms5
  • Year Built1920
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.05

Utilities

  • Heat SystemYes
  • Heating Steam, Oil
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Square Feet1,244
  • Building Area Source Public Records
  • Living Area 1,244
  • Lot Size Square Feet 2,240
  • Lot Size Units Acres
  • View YN Yes

Amenities

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

Legal

  • ZoningNB

Other

  • Date Listed09/26/2025
  • Farm Land Area Units Square Feet
  • View Count17

Map Location

Driving Directions

Listed by Abhinay Patel of Lamacchia Realty,Inc.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from Castles Unlimited. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.