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$1,150,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,244 Sq. Ft.
  • 0.05 Acres
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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.

Full Property Details for 496 Medford St

General

  • Price: $1,150,000
  • Taxes: $8,708 (2025)
  • Status: Active
  • Type: Single Family
  • MLS ID: 73436389
  • Updated: 9/30/2025
  • Added to Site: 113 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Location

  • County: Middlesex

Structural Information

  • Architectural Style: Other (See Remarks)
  • Basement: Yes
  • Square Feet: 1,244
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.05

Financial Considerations

  • Tax Amount: $8,708
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures/Rstr.: Buyers and buyers agents to perform due diligence. Some photos may be virtually enhanced. Existing building is tenant occupied.
  • Property ID: M:41 B:A L:4, 753359
  • Block/Lot/Section: A

Listed by Lamacchia Realty, Inc., Abhinay Patel

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Listing agent

— 496 Medford St —

  • Abhinay Patel

    Lamacchia Realty, Inc.

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 496 Medford St

School District:Somerville School District
NameGradesDistance
Somerville High School
81 Highland Avenue, Somerville, MA 02143
9-120.7 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 496 Medford St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/26/2025
Listed
$1,150,000
111.01%
MLS
12/28/2016
Sold
$545,000
—
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 496 Medford St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,708
7%
$798,200
3%
2024
$8,125
7%
$772,300
5%
2023
$7,576
8%
$732,700
6%
2022
$7,018
7%
$689,400
7%
2021
$6,577
7%
$645,400
6%
2020
$6,160
2%
$610,500
9%
2019
$6,032
3%
$560,600
9%
2018
$5,839
34%
$516,300
38%
2017
$4,359
6%
$373,500
14%
2016
$4,100
8%
$327,200
8%
2015
$3,807
12%
$301,900
12%
2014
$3,412
—
$269,500
—
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.

Estimate the Cost for 496 Medford St

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

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NMLS#: 1598647

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Listed by Lamacchia Realty, Inc., Abhinay Patel

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496 Medford Street, Somerville, MA 02145 (MLS# 73436389) is a Single Family property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 496 Medford Street is currently listed for $1,150,000 and was received on September 26, 2025. Want to learn more about 496 Medford Street? Do you have questions about finding other Single Family real estate for sale in Somerville? You can browse all Somerville real estate or contact a Coldwell Banker agent to request more information.

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