Somerville Development Opportunity: Two
For Sale
$1,750,000
34 - 38 Franklin Ave, Somerville, MA 02145
Two parcels in Somerville, including a two-family and a vacant lot.
Property SizeContact for details
Days on Market453
Property Features for 34 - 38 Franklin Ave
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$7,606
Listing Agency:
LAER Realty Partners
Listed By:
Dana Ford
Source:
Corcoran
Added: May 29, 2025
Changed: Jul 10
Last Checked: Jul 10 at 3:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LAER Realty Partners
Investment Insights
Based on property information with market context.
This offering presents an opportunity for developers and investors to acquire two parcels in Somerville. One lot features a two-family residence, while the second is a vacant lot. The zoning may allow for the construction of up to six units across these parcels. The property is located in East Somerville, near the new Green Line T stop. The sale includes two separate lots of record.
Key Highlights
- Two separate lots included in the sale.
- Development opportunity with potential for up to six units (subject to zoning).
- Located in a highly desirable East Somerville neighborhood.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,795
Businesses Nearby
Explore this area
Business Placement
Demographics for 02145, MA
27,520
Population
12,669
Households
2.2
Avg Household Size
33
Median Age
55%
College-Educated
89%
High-School Grad
1.4 sq mi
ZIP Area
19,657
Density / Sq Mi
$119,167
Median Household Income
$63,629
Median Earnings
$2,377
Median Rent
$784,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two parcels in Somerville, including a two-family and a vacant lot.
Where is this duplex located?
The property is located at 34 - 38 Franklin Ave Somerville, MA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two separate lots included in the sale.; Development opportunity with potential for up to six units (subject to zoning).; Located in a highly desirable East Somerville neighborhood.
