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496 Medford Street, Somerville MA 02145
496 Medford Street, Somerville MA 02145
496 Medford Street, Somerville MA 02145
496 Medford Street, Somerville MA 02145
496 Medford Street, Somerville MA 02145
496 Medford Street, Somerville MA 02145
Massachusetts>Somerville>Magoun Square

496 Medford StreetSomerville, MA 02145

For Sale

$1,150,000

Smart Buyer Rebate $5,750

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.

Listed by Abhinay Patel

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Lamacchia Realty, Inc.

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978-885-7197

Last updated October 03, 2025

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Source: MLSPin #73436389

Listing Facts

  • TypeSingle-family
  • NeighborhoodMagoun Square
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu26
  • Taxes$8,708/year
  • Size1,244 sqft
  • Price per sqft$924

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

09/26/2025
Listed by Lamacchia Realty, Inc.
$1,150,000

Property Details for 496 Medford Street

Association

Amenities

  • Community Features: Public Transportation, Shopping, Laundromat, Highway Access, House Of Worship, Public School, T-Station

Exterior

Construction

  • Year Built: 1920
  • Year Built Details: Actual
  • Architectural Style: Other (See Remarks)

Features

  • View: City View(s)

Measurements

  • Building Area Total: 1,244
  • Building Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.05
  • Lot Size Area: 0
  • Lot Size Square Feet: 2,240
  • Lot Size Units: Acres

Financial

Taxes

  • Parcel Number: M:41 B:A L:4,753359
  • Tax Annual Amount: $8,708.00
  • Tax Assessed Value: $798,200.00
  • Tax Year: 2025

Interior

Measurements

  • Living Area: 1,244
  • Living Area Source: Public Record

Rooms

  • Basement: Full
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Rooms Total: 5

Other

Features

  • Accessibility Features: No

Location

  • Tax Block: A
  • Tax Lot: 4

Utilities

Equipment

  • Heating: Steam, Oil
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.