Active
75 Days on market
501 Mystic Valley Parkway Somerville — Photo 1 of 8

501 Mystic Valley Parkway Somerville — Photo 1 of 8

Recent Drop: $1,500,000

$8,500,000
$7,000,000

$7,000,000

501 Mystic Valley Parkway, Somerville, MA 02144

Somerville, MA 02144

Beds

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Baths

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SqFt

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Style

Residential

Built

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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.

Key facts

It was listed on July 21, 2026. The price has come down from an original $8,500,000 to $7,000,000, most recently on September 29, 2026. It sits on a 0.92-acre (40,075.2 sq ft) lot.

Property Details

Financials

Original Price$8,500,000
Annual Taxes$99

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
Zoning99

Property & Lot

Acres0.92
SqFt Lot40,075.2
Lot FeaturesLevel, Cleared

Geography

Property History

Price Drop
$7,000,000

Was $8,500,000

Sep 29, 2026

MLS® 73552820

Listed
$8,500,000

Jul 21, 2026

MLS® 73552820

Questions about this home

When was 501 Mystic Valley Parkway, Somerville listed?

501 Mystic Valley Parkway, Somerville was listed on July 21, 2026.

Has the price of 501 Mystic Valley Parkway, Somerville changed?

The price has come down from an original $8,500,000 to $7,000,000, most recently on September 29, 2026.

How big is the lot at 501 Mystic Valley Parkway, Somerville?

501 Mystic Valley Parkway, Somerville sits on a 0.92-acre (40,075.2 sq ft) lot.

What is the status of 501 Mystic Valley Parkway, Somerville?

501 Mystic Valley Parkway, Somerville is actively listed for sale.

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 Provided By

Listing Agent: Christopher Sower

Listing Office: Cushman & Wakefield

MLS® Number: 73552820