Residential

Somerville, MA Residential Land & Home Lots for Sale

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Multi-family
Updated: Sep 15
Multi-family

128 Central Street, Somerville, MA 02145

$1,700,000
8,538 sqft
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Multifamily Development Land Opportunity
Updated: Jul 23
Multifamily Development Land Opportunity

501 Mystic Valley Parkway, Somerville, MA 02144

$7,000,000
0.92 AC lot
Proposed 0.92‑acre site in Somerville, MA for multi‑family development
Planned for 64 residential units
Existing building has been recently demolished
Zoning code changes now allow multi‑family development at 501 Mystic Valley Parkway
Located in West Somerville along Mystic Valley Parkway
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Somerville High-Density Development Opportunity
Somerville High-Density Development Opportunity

7 Washington, Somerville, MA 02143

$1,390,000

ZBA approved plans for up to 10 units in Somerville.

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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Somerville, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Multi-family
Multi-family

226 Main Street, Medford, MA 02155

$1,000,000
7,500 sqft

Residential land & home lots · 7,500 SF

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3 Family
3 Family

7 Princeton St, Boston, MA 02128

$399,000
3,000 sqft

Residential land & home lots · 3,000 SF

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Residential Income, Medford, MA
Residential Income, Medford, MA

226 Main St, Medford, MA 02155

$1,000,000
7,500 sqft 0.17 AC lot

Residential land & home lots · 7,500 SF

View details
Land
Land

55-57 Cedar Street, Boston, MA 02126

$399,000

Residential land & home lots

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Somerville, MA Residential Land & Home Lots Market Trends and Statistics

Explore 3 residential land & home lots for sale in Somerville, MA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 48,613 square feet of properties for sale, with an estimated market value of $10,090,000.

Sale prices for home sites in Somerville, MA start at $1,390,000, averaging $3,363,333, and reaching up to $7,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Commercial land 7
Residential land & home lots 3

Demographics Overview

Population 78K
Population Growth (5Y) -0.3%
Median Household Income $128,262

High-Yield Neighborhoods for Investment

Identify Somerville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
02143 $1.4M
02145 $1.7M
02144 $7M

Taxes & Financing

Tax Rate (average for all types) 1.74%
Property Tax per SF $8.73 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Middlesex County

New Delisted

Total CRE Inventory on Market (SF)

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