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    17 Monmouth St, Unit Somerville Somerville, MA 02143

    For Sale
    $2,200,000

    Redevelopment opportunity in Somerville's Spring Hill neighborhood near transit.

    Property Features for 17 Monmouth St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1896

    Source: Berkshire Hathaway HomeServices Warren Residential Agent The Moving Greater Boston Team

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Somerville Redevelopment Opportunity Near GLX

    Located in Somerville’s Spring Hill neighborhood, 17 Monmouth Street presents a redevelopment or adaptive reuse opportunity. The property features a 6,667 square foot structure situated on an 11,582 square foot lot. Zoned NR, the lot allows for low-density residential uses, including multifamily or townhomes. The lot size may support a potential subdivision into two conforming lots. The existing building's scale and prior institutional use suggest creative reuse potential for community or residential projects. The site is located minutes from Union Square and the Green Line Extension (GLX), providing transit access in a rapidly evolving corridor. The surrounding area includes historic homes, new developments, and major public and private investment. This location is suited for growth. It is a strategic opportunity for developers or investors in one of Greater Boston’s dynamic markets.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1063695
    Latitude
    42.3857372

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    FAQs

    What type of property is this?
    Residential land & home lot - Redevelopment opportunity in Somerville's Spring Hill neighborhood near transit.
    Where is this residential land & home lot located?
    The property is located at 17 Monmouth St, Unit Somerville Somerville, MA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Rare redevelopment or adaptive reuse opportunity in Somerville's Spring Hill neighborhood.; - Oversized 11,582 SF NR-zoned lot allows for low-density residential uses (multifamily or townhomes).; - Potential lot subdivision into two conforming lots, unlocking additional development value.
    (617) 848-9616
    Request Owner's contact information
    17 Monmouth St, Unit Somerville Somerville, MA 02143
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    Somerville, MA 02143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17 Monmouth St, Unit Somerville Somerville, MA 02143
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