496 Medford Street, Somerville, MA 02145

• 2 beds |
• 2 baths |
• 1,244 sqft

Property Description

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.

Listing Status:

Active

Date Added:

September 26, 2025 at 05:00AM

Listing Office:

Lamacchia Realty, Inc. : 978-250-1900

Listing Agent:

Abhinay Patel : 978-885-7197

MLS ID:

73436389

Interior

• Basement: Full
• A/C: None
• Heating: SteamOil
• Fireplace: Fireplaces: 0
• Disability Feature: None

Exterior

• Style: Other (See Remarks)

Construction

• General: Other

Location

• Originating MLS: MLS Property Information Network
• County: Middlesex

Lot

• Zoning: NBM:41 B:A L:4753359
• View: City View(s)

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: MLS Property Information Network

This listing courtesy of Abhinay Patel, Lamacchia Realty, Inc.