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Exceptional development opportunity on one of Somerville's most desirable streets. This grand property offers investors, developers, and end users a chance to make this property magnificent. Renovate the existing 4-bedroom, 2-bath single-family residence into a premier luxury home or explore the potential for a 3-unit development. Ideally located just minutes from Davis Square, one of Somerville's most vibrant and sought-after neighborhoods. Enjoy easy access to gourmet restaurants, popular cafes, H Mart, boutique shopping, and the Davis Square Red Line station, providing a direct commute to Cambridge and downtown Boston. Also, 0.6 miles to the Green Line. Property to be sold "as is".

More Info

Basic Information

  • Bedrooms4
  • Mls StatusNew
  • Bathroom2
  • Lot Features Gentle Sloping
  • Parcel Number 749200

Tax Information

  • Tax Assessed Value $1,428,200
  • Tax Year 2026
  • Taxes$11,516

Parking

  • Parking Spaces2
  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Tandem

Rooms

  • Bathrooms Total Decimal 2
  • Full Bath2

Basic Information

  • List Price$1,380,000
  • MLS Number73530423
  • Modification Date06/04/2026
  • Property SubTypeSingle Family Residence

Location

  • Address83 Wallace
  • Building Number83
  • CountyMiddlesex
  • StateMA
  • StreetWallace
  • TownSomerville
  • Zip02144

Building

  • BasementFull, Walk-Out Access
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Property StyleColonial
  • Rooms9
  • Utilities For Electric Range
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.1

Interior

  • Flooring Wood, Tile, Hardwood

Exterior

  • RoofShingle

Utilities

  • Electric Fuses
  • Heat SystemYes
  • Heating Central, Forced Air
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Square Feet1,650
  • Building Area Source Public Records
  • Living Area 1,650
  • Lot Size Square Feet 4,197
  • Lot Size Units Acres

Amenities

  • Amenities
    • Bike Path
    • Highway Access
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • University
    • Walk/Jog Trails
  • Appliances IncludedGas Water Heater, Range

Legal

  • ZoningRA

Other

  • Date Listed06/04/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by Patricia Reilly of RE/MAX Real Estate Center

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