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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.

More Info

Basic Information

  • Lot Features Level, Cleared
  • Mls StatusNew
  • Parcel Number 747138

Tax Information

  • Tax Assessed Value $99
  • Tax Year 2099
  • Taxes$99

Basic Information

  • List Price$8,500,000
  • MLS Number73552820
  • Modification Date07/21/2026
  • Property SubTypeResidential

Location

  • Address501 Mystic Valley Parkway
  • Building Number501
  • CountyMiddlesex
  • StateMA
  • StreetMystic Valley Parkway
  • TownSomerville
  • Zip02144

Building

  • Building Area Units Square Feet

Property

  • Acreage0.92

Utilities

  • Electric On-Site
  • Electric On Property YN Yes
  • Gas On-Site
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Lot Size Square Feet 40,075.2
  • Lot Size Units Acres

Legal

  • Zoning99

Other

  • Date Listed07/21/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Christopher Sower of Cushman & Wakefield

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