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.
| MLS Listing ID: | 73436389 |
|---|---|
| Listing Price: | $1,150,000 |
| Listing Status: | New [?] |
| Property Type: | Single Family |
| Style: | Other (see Remarks) |
| Rooms: | 5 |
| Bedrooms: | 2 |
| Full Baths: | 1 |
| Half Baths: | 1 |
| Living Space: | 1244 sf. |
| Lot Size: | 0.05 acres (2240 sf.) |
| Parking: | - |
| Taxes: | $8,708.00 |
| Tax Year: | 2025 |
Listing Current as of September 27, 2025 1:00pm
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