Haley Osgood
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Residential at 501 Mystic Valley Parkway, Somerville MA 02144, Somerville
Residential at 501 Mystic Valley Parkway, Somerville MA 02144, Somerville, photo 2 of 8
Residential at 501 Mystic Valley Parkway, Somerville MA 02144, Somerville, photo 3 of 8
Residential at 501 Mystic Valley Parkway, Somerville MA 02144, Somerville, photo 4 of 8
Residential at 501 Mystic Valley Parkway, Somerville MA 02144, Somerville, photo 5 of 8
Residential at 501 Mystic Valley Parkway, Somerville MA 02144, Somerville, photo 6 of 8
Residential at 501 Mystic Valley Parkway, Somerville MA 02144, Somerville, photo 7 of 8
Residential at 501 Mystic Valley Parkway, Somerville MA 02144, Somerville, photo 8 of 8
8 photos

$8,500,000

501 Mystic Valley Parkway, Somerville MA 02144
Somerville, MA 02144
Listed by Christopher Sower
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

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 details

MLS #
73552820
Property type
Residential
Subdivision
N/A
Status
Active
Days on market
65
On market date
July 21, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.92 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Brooks School
0.42 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
522
Student:teacher ratio
12.1:1
District
Medford
Middle
Gibbs School
0.86 mi away · Grades 6
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
452
Student:teacher ratio
11.6:1
District
Arlington
High
Medford High
1.01 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,207
Student:teacher ratio
9.7:1
District
Medford

Walkability

Blended score for Somerville's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

83
Highly walkable
out of 100
EPA National Walkability Index
14.2 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores10
Parks20
Schools20
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in Somerville, from live MLS data.

On the market 65 days -- 17 fewer days than Somerville's current average of 82 days.
For reference, the median list price across 822 active listings in Somerville right now is $9,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$51,338/mo
$1,700,000 down
$6,800,000 loan
Principal & interest$44,105
Property tax (est.)$7,083
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated July 25, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.