Somerville High-Density Development
For Sale
$1,390,000
7 Washington, Somerville, MA 02143
ZBA approved plans for up to 10 units in Somerville.
Property SizeContact for details
Days on Market451
Property Features for 7 Washington
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$6,798
Listing Agency:
Leading Edge Real Estate
Listed By:
Ramsay and Company
Source:
Corcoran
Added: May 29, 2025
Changed: Mar 16
Last Checked: Aug 22 at 3:33AM
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 Leading Edge Real Estate
Investment Insights
Based on property information with market context.
This property presents a high-density development opportunity in Somerville. ZBA approved plans are in place for up to 10 units. Currently, the property is used as a tenanted single-family residence. Zoned MR-4, the lot allows for 4-story development, suitable for condo sellout or multi-family ownership. The location is less than 0.4 miles from the Green Line Extension and minutes from Sullivan Square, Union Square, and Route 93, providing accessibility. The property also allows easy access into Boston and Assembly. The existing plans can be advanced or modified to suit different visions, with options for a lower unit count or larger units.
Key Highlights
- ZBA approved plans for up to 10 units.
- High‑density development opportunity in a sought‑after Somerville neighborhood.
- MR‑4 zoning allows for 4‑story development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,802
Businesses Nearby
Explore this area
Business Placement
Demographics for 02143, MA
26,022
Population
12,901
Households
2
Avg Household Size
33
Median Age
74%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
17,348
Density / Sq Mi
$126,102
Median Household Income
$73,055
Median Earnings
$2,424
Median Rent
$930,200
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?
Residential land & home lot - ZBA approved plans for up to 10 units in Somerville.
Where is this residential land & home lot located?
The property is located at 7 Washington Somerville, MA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: ZBA approved plans for up to 10 units.; High‑density development opportunity in a sought‑after Somerville neighborhood.; MR‑4 zoning allows for 4‑story development.
