496 Medford Street, Somerville, MA

$1,150,000

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2

Beds

Baths

1,244

Square feet

0.05

Acres

About 496 Medford Street

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.

Features of 496 Medford Street

MLS® # 73436389
Price $1,150,000
Bedrooms 2
Bathrooms 1.50
Full Baths 1
Half Baths 1
Square Footage 1,244
Acres 0.05
Year Built 1920
Type Residential
Sub-Type Single Family Residence
Style Other (See Remarks)
Status Active

Community Information

Address 496 Medford Street
City Somerville
County Middlesex
State MA
Zip Code 02145-2650

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Steam, Oil
Cooling None
Fireplace No

Exterior

Lot Description Level
Foundation Other

Additional Information

Zoning NB

Listing Details

Agent Abhinay Patel
Office Lamacchia Realty, Inc.

Listing Map

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