LKV Realty
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$8,500,000
$7,200Reward *
501 Mystic Valley Parkway, Somerville, MA 02144Listing ID 73552820

501 Mystic Valley Parkway, Somerville, MA 02144

Active
Time on site: 27 daysLast updated: Jul 25, 2026
Property Type
Property Type
Land
Property Sub Type
Property Sub Type
Residential
Acres
Acres
0.92
Days on Site
Days on Site
27

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 Information

Property Details

Location

Address
501 Mystic Valley Parkway
County
Middlesex
City
Somerville
Zip Code
02144

Property Taxes

Tax Annual Amount
$99
Tax Year
2099
Cushman & Wakefield, (617) 330-6966

Market Report for 02144

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MLS Property Information Network, Inc.
MLS Property Information Network, Inc. logo

Based on information submitted to the MLS GRID as of 17 Aug 2026, 06:48 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

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