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    Somerville, MA
    Residential

    Somerville, MA Residential Land & Home Lots for Sale

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    Residential Income
    Updated: Aug 5
    Residential Income

    7 Washington St, Somerville, MA 02143

    $1,250,000
    10,537 sqft
    View details
    Multifamily Development Land Opportunity
    Updated: Jul 23
    Multifamily Development Land Opportunity

    501 Mystic Valley Parkway, Somerville, MA 02144

    $8,500,000
    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

    $1,375,000
    10,000 sqft

    Development opportunity in Somerville with approved plans for multiple units.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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 8 Potential Opportunities for your consideration. Besides 4 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.

    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
    Multi-family
    Multi-family

    226 Main Street, Medford, MA 02155

    $1,000,000
    7,500 sqft

    Residential land & home lots · 7,500 SF

    View details
    Development Opportunity in Prime Location
    Development Opportunity in Prime Location

    30 Cumberland St, Boston, MA 02115

    $3,995,000
    0.05 AC lot

    Residential land with permits for expansion in the South End.

    View details
    Land
    Land

    377 Commonwealth Ave, Boston, MA 02116

    $250,000

    Residential land & home lots

    View details

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

    Explore 4 residential land & home lots for sale in Somerville, MA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 60,612 square feet of properties for sale, with an estimated market value of $12,515,000.

    Sale prices for home sites in Somerville, MA start at $1,250,000, averaging $3,128,750, and reaching up to $8,500,000 — 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 12
    Residential land & home lots 4

    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

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Middlesex County

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    Most Searched ZIP Codes in Somerville, MA

    • 02143
    • 02144

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