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    Somerville, MA
    Residential

    Somerville, MA Residential Land & Home Lots for Sale

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    Cambridge, MA Medford, MA Boston, MA
    Somerville High-Density Development Opportunity
    Updated: May 29, 2025
    Somerville High-Density Development Opportunity

    7 Washington, Somerville, MA 2143

    $1,390,000
    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.
    Located less than 0.4 miles from the Green Line Extension.
    Minutes from Sullivan Square, Union Square, and Route 93.
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    Somerville Development Opportunity: Two Parcels
    Updated: May 29, 2025
    Somerville Development Opportunity: Two Parcels

    34 - 38 Franklin Ave, Somerville, MA 2145

    $1,750,000
    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.
    Close proximity to the new Green Line T stop for easy access to transportation.
    Existing two‑family house on one of the lots.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 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.

    LAND - Boston, MA
    LAND - Boston, MA

    34 Cobden St, Boston, MA 02119

    $440,000
    0.08 AC lot

    Land · 0.08 Acres

    View details
    Prime Newton Corner Development Opportunity
    Prime Newton Corner Development Opportunity

    160-162 Charlesbank Road, Newton, MA 2458

    $1,899,000

    18,048 sq ft lot in Newton Corner location.

    View details
    Development Opportunity in West Newton
    Development Opportunity in West Newton

    104 Oldham Rd, Newton, MA 2465

    $1,400,000

    Prime 11,208 sq. ft. lot near transportation and amenities.

    View details
    Roxbury Shovel Ready Lot
    Roxbury Shovel Ready Lot

    8 Adrian, Boston, MA 2125

    $250,000

    Approved plans and permits for a two-family residential development.

    View details

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

    Explore 2 residential land & home lots for sale in Somerville, MA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $3,140,000.

    Sale prices for home sites in Somerville, MA start at $1,390,000, averaging $1,570,000, and reaching up to $1,750,000 — 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 4
    Residential land & home lots 2

    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 $1.8M

    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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    Most Searched ZIP Codes in Somerville, MA

    • 02143
    • 02145

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