17 Monmouth Street offers a rare redevelopment or adaptive reuse opportunity in Somerville's vibrant Spring Hill neighborhood. The property includes a 6,667 SF structure on an oversized 11,582 SF NR-zoned lot allowing for low density residential, including multifamily. The lot size may support a potential subdivision into two conforming lots, unlocking additional development value. The existing building's scale and prior institutional use suggest creative reuse potential for community or residential projects. Just minutes from Union Square and the Green Line Extension (GLX), this site provides excellent transit access in a rapidly evolving corridor. Surrounded by historic homes, new developments, and major public/private investment, this location is primed for growth. Buyers to perform all due diligence. No representations made by seller. A strategic opportunity for developers or investors in one of Greater Boston's most dynamic markets.
Share Property
Location
17 Monmouth St, Somerville, MA 02143
Status
For Sale
Property Amenities
Area & Lot
Total area4,154 Sq.Ft.
Lot Area0.27 Acres
Living area4,154 Sq.Ft.
MLS® ID73426191
Year Built1896
TypeMulti-Family
StatusFor Sale
Exterior
Stories4
Water SourcePublic
SewerPublic Sewer
Lot FeaturesLevel
RoofShingle
Finance
Sales Price$2,200,000
Real Estate Tax$23,292 yearly
Mortgage Calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
I know that purchasing a home is one of the biggest and most exciting decisions a person can make. I aim to make the process as simple as possible, with one goal in mind: helping you find the perfect home.