For Sale · Land
501 Mystic Valley Parkway
Somerville, MA 02144
$8,500,000
Est. payment: $43,139/mo Estimated. Taxes and insurance included.
- Lot (sq ft)
- 40,075.2
- Type
- Land
- Status
- For Sale
- Property taxes (2099)
- $99
- Assessed value
- $99
- Days on Market
- 4
About this home
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.
Facts & features
Systems & utilities
- Water
- Public
- Sewer
- Public Sewer
- Electric
- On-Site
Flood risk
Location
Courtesy of Cushman & Wakefield
MLS #: 73552820 · Updated: July 25, 2026
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