Mixed-Use Building with Two
For Sale
$3,400,000
55 Elm St, Somerville, MA 02144
Mixed-use building with two commercial storefronts and three multifamily units, delivered vacant with a driveway and yard.
Property Size2,426 SF
Price / SF$1,401
Days on Market91
Property Features for 55 Elm St
General Information
Standard status
Active
Size
2,426 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
NR
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$16,881
Building Details
Building Size
2,426 SF
Year Built
1900
Stories
3
Listing Agency:
RE/MAX Partners
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 15
Changed: Sep 13
Last Checked: Sep 13 at 6:12AM
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 RE/MAX Partners
Investment Insights
Based on property information with market context.
This mixed-use property includes a 6,290 SF building with two separate commercial storefronts, along with a three-unit multifamily residence above. The residential component features two 1-bedroom units and one 2-bedroom unit. The storefront spaces include back rooms and basement storage. There is also a driveway and yard on site, and the layout supports combining both storefronts into a single larger commercial space.
The property is located at a highly visible corner across from the Porter Square Shopping Center and T Stop. The public remarks indicate strong foot traffic and convenient access to Cambridge, Boston, and surrounding communities.
Being delivered vacant, the site provides flexibility for buyers planning owner-occupancy or redevelopment, while retaining a functional mixed-use configuration with street-level retail and residential units.
The property is located at a highly visible corner across from the Porter Square Shopping Center and T Stop. The public remarks indicate strong foot traffic and convenient access to Cambridge, Boston, and surrounding communities.
Being delivered vacant, the site provides flexibility for buyers planning owner-occupancy or redevelopment, while retaining a functional mixed-use configuration with street-level retail and residential units.
Key Highlights
- 6,290 SF mixed‑use building with two commercial storefronts and a three‑unit multifamily residence
- Multifamily unit mix: two 1‑bedroom units and one 2‑bedroom unit
- Commercial space includes back rooms and basement storage; potential to combine both storefronts into one larger space
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,660
Businesses Nearby
Explore this area
Business Placement
Demographics for 02144, MA
25,497
Population
11,881
Households
2.1
Avg Household Size
31
Median Age
75%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
23,179
Density / Sq Mi
$140,591
Median Household Income
$74,639
Median Earnings
$2,654
Median Rent
$987,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with two commercial storefronts and three multifamily units, delivered vacant with a driveway and yard.
Where is this mixed-use property located?
The property is located at 55 Elm St Somerville, MA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 6,290 SF mixed‑use building with two commercial storefronts and a three‑unit multifamily residence; Multifamily unit mix: two 1‑bedroom units and one 2‑bedroom unit; Commercial space includes back rooms and basement storage; potential to combine both storefronts into one larger space
