
55 Elm St Somerville — Photo 1 of 41
Recent Drop: $500,000
$3,400,000
55 Elm St, Somerville, MA 02144
Somerville, MA 02144
Beds
4
Baths
3
SqFt
2,426
Style
3 Family
Built
1900
Rare mixed-use opportunity at one of Somerville’s most recognizable corners, across from the Porter Square Shopping Center and T Stop. Formerly home to the beloved and iconic Big Fish Little Fish store, this highly visible location has been a destination for generations of local residents. The property consists of a 6,290 SF mixed-use building featuring two commercial storefronts, a three-unit multifamily residence (two 1-bedroom units and one 2-bedroom unit), a driveway and yard. The commercial spaces include back rooms and basement storage, with the potential to combine both storefronts into a single larger space. The property offers exceptional redevelopment and investment potential. Ideal for condominiums, multifamily housing, and mixed-use development. Being delivered vacant, this transit-oriented site (also sees lots of foot traffic) provides unmatched accessibility to Cambridge, Boston, and surrounding communities.
Key facts
It was listed on June 15, 2026. The price has come down from an original $3,900,000 to $3,400,000, most recently on August 18, 2026. The annual property taxes are $16,881 (2025 tax year). It sits on a 0.09-acre (4,043 sq ft) lot.
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Somerville, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Highway Access • House of Worship • Public School • T-Station
Geography
Property History
$3,400,000
Was $3,900,000
Aug 18, 2026
MLS® 73536182
$3,900,000
Jun 15, 2026
MLS® 73536182
Questions about this home
When was 55 Elm St, Somerville listed?
55 Elm St, Somerville was listed on June 15, 2026.
Has the price of 55 Elm St, Somerville changed?
The price has come down from an original $3,900,000 to $3,400,000, most recently on August 18, 2026.
What are the property taxes for 55 Elm St, Somerville?
The annual property taxes for 55 Elm St, Somerville are $16,881 (2025 tax year).
How big is the lot at 55 Elm St, Somerville?
55 Elm St, Somerville sits on a 0.09-acre (4,043 sq ft) lot.
What is the status of 55 Elm St, Somerville?
55 Elm St, 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: David Lilley
Listing Office: RE/MAX Real Estate Center
MLS® Number: 73536182
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