$1,375,000
4
Beds
2
Baths
1,493
Living Area
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Property Description
Rare high density development opportunity in Somerville with ZBA approved plans for 10 units, with the option for 12 with new somerville guidelines. This is a prime chance to invest in one of Somerville’s most sought-after neighborhoods. Currently used as a tenanted single-family residence, this MR-4 zoned lot allows for 4-story development - ideal for condo sellout, or multi-family hold. located less than 0.4 miles from the Green Line Extension and just minutes from Sullivan Square, Union Square, and Route 93, this property offers exceptional accessibility. Easy access into Boston and Assembly. Plans can either be advanced or modified to suit your vision, with options for lower unit count / create larger units.
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Highlights
- Cooling: Window Unit(s)
- Parking Spots: 2
- Property Type: Single Family Residence
- Total Rooms: 7
- Status: Active
- Heating: Other
- Property Class: Residential
- Style: Other (See Remarks)
- Year Built: 2025
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Additional Details
- Foundation: Other
- Roof: Shingle, Rubber
- Year Built Details: To Be Built
- Zoning: Mr4
- Lot Features: Gentle Sloping
- SqFt Source: Other
- Year Built Source: Owner
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Bike Path, Highway Access, House of Worship
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $807,700
- Taxes: $8,812
- Tax Year: 2025
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