
501 Mystic Valley Parkway Somerville — Photo 1 of 8
$8,500,000
501 Mystic Valley Parkway, Somerville, MA 02144
Somerville, MA 02144
Beds
--
Baths
--
SqFt
--
Style
Residential
Built
--
Presenting 501 Mystic Valley Parkway located in Somerville, Massachusetts. A proposed 0.92-acre site, for sixty-four (64) residential units. The existing building on the property has been recently demolished and due to recent changes to Somerville’s zoning code 501 Mystic Valley now allows for multi-family development. This presents a rare opportunity to achieve significant density in a high-barrier-to-entry neighborhood. Ideally situated in Somerville’s West Somerville neighborhood along Mystic Valley Parkway, the property boasts excellent access to local amenities, retail/shopping options, public transportation, major universities, and effortless access into or out of the city.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Population
25,448
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$150K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
63.4%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Middlesex County
2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Christopher Sower
Listing Office: Cushman & Wakefield
MLS® Number: 73552820
Related Insights

Somerville Starter Homes Now Mean Condos

Somerville FHA Condo Options for First-Time Buyers

Somerville First-Time Buyers: Davis vs Winter Hill

Somerville Buyer or Seller Market? The July Verdict
Somerville Buyer Leverage in Davis, Union & Assembly Row

Why Somerville’s Median Home Price Misleads

Property Tax in Somerville MA: East Somerville Reality

May’s Neighborhood Matrix: Where Somerville Buyers Can Still Find Real Bargains
Browse More Homes in Somerville
Explore other active listings in the area.
$1,170,00018 Partridge AveSomerville, MA3 bd2 ba1,524 sqft
$849,90017 Rush St.Somerville, MA4 bd2 ba2,060 sqft
$999,90051 Flint StreetSomerville, MA5 bd2 ba2,150 sqft
$2,000,000422 Mcgrath HighwaySomerville, MA14 bd8 ba4,725 sqft
$1,974,900159 Pearl StreetSomerville, MA15 bd7 ba7,500 sqft
$1,149,00060 Franklin St Unit 3Somerville, MA3 bd3 ba1,700 sqft