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$4,995,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 hours ago
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Presenting 371 Highland Avenue - LOCATION, LOCATION, LOCATION...a fully approved development site in Davis Square, Somerville. This 30,050 GSF project, approved for 23 units and 13 below-grade parking spaces, is ready for immediate construction.All necessary permits are secured, demolition is complete, and the site has a clean 21E. Comprehensive construction plans are available for your review. Located steps from the Vibrant Davis Square MBTA station (Green and Red lines), this property offers excellent access to nearby colleges, restaurants, shops, and nightlife. It presents a prime opportunity to develop either condominiums or rental properties, addressing the strong housing demand in this highly sought-after area.

Full Property Details for 371 Highland Ave

General

  • Price: $4,995,000
  • Taxes: (2025)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73472112
  • Updated: 1/27/2026
  • Added to Site: 1 day(s) ago

Location

  • County: Middlesex

Structural Information

  • Stories/Levels: 0
  • Square Feet: 16,021
  • Year Built: 1930

Financial Considerations

  • Tax Year: 2025

Disclosures and Reports

  • Property ID: 750336

Listed by Berkshire Hathaway HomeServices Verani Realty, Jack Lister and Joanne Van Stry

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Listing agents

— 371 Highland Ave —

  • Jack Lister

    Berkshire Hathaway HomeServices Verani Realty

  • Joanne Van Stry

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 371 Highland Ave

School District:Somerville School District
NameGradesDistance
Benjamin G. Brown School
201 Willow Avenue, Somerville, MA 02144
K-60.2 mi
John F. Kennedy Elementary School, Somerville, MA
5 Cherry Street, Somerville, MA 02144
PK-80.4 mi
West Somerville Neighborhood School
177 Powder House Boulevard, Somerville, MA 02144
PK-80.9 mi
Somerville High School
81 Highland Avenue, Somerville, MA 02143
9-121.3 mi
Winter Hill Community School
115 Sycamore Street, Somerville, MA 02145
PK-81 mi
Arthur D. Healey School
5 Meacham Street, Somerville, MA 02145
K-81.1 mi
Albert F. Argenziano School At Lincoln Park
290 Washington Street, Somerville, MA 02143
PK-81.4 mi
E Somerville Community
50 Cross Street, Somerville, MA 02145
K-81.7 mi
Capuano Early Childhood Center
150 Glen Street, Somerville, MA 02145
PK-K1.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 371 Highland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/27/2026
Listed
$4,995,000
613.57%
MLS
7/09/2009
Sold
$700,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 371 Highland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,716
-10%
$1,623,800
51%
2024
$19,611
5%
$1,077,500
—
2023
$18,627
3%
$1,073,600
—
2022
$18,090
1%
$1,073,600
—
2021
$17,918
2%
$1,073,600
—
2020
$17,521
-1%
$1,073,600
5%
2019
$17,762
-4%
$1,024,900
1%
2018
$18,501
3%
$1,016,000
6%
2017
$18,048
2%
$959,500
9%
2016
$17,714
3%
$877,800
4%
2015
$17,133
14%
$840,700
21%
2014
$14,995
—
$697,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Berkshire Hathaway HomeServices Verani Realty, Jack Lister and Joanne Van Stry

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371 Highland Ave, Somerville, MA 02144 (MLS# 73472112) is a Multi-Family property with 0 units containing 0 bedrooms and 0 full bathrooms. 371 Highland Ave is currently listed for $4,995,000 and was received on January 27, 2026. Want to learn more about 371 Highland Ave? Do you have questions about finding other Multi-Family real estate for sale in Davis Square? You can browse all Davis Square real estate or contact a Coldwell Banker agent to request more information.

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