
501 Mystic Valley Parkway Somerville — Photo 1 of 8
Recent Drop: $1,500,000
$7,000,000
501 Mystic Valley Parkway, Somerville, MA 02144
Somerville, MA 02144
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Residential
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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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Property History
$7,000,000
Was $8,500,000
Sep 29, 2026
MLS® 73552820
$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 Agent: Christopher Sower
Listing Office: Cushman & Wakefield
MLS® Number: 73552820
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