1 / 22Active
$3,500,000
5,847 sqft · Commercial
175 Mystic Ave
Medford, MA 02155
Listing courtesy of Christopher L. Barnard, Barnard Real Estate Advisors, LLC · MLS PIN #73563153
1 / 12
ActiveListed 55 days ago
$3,800,000
497 Broadway, Somerville, MA 02145
- 10,660
- sqft
- Lot sizeThe land that comes with the home, as reported to the MLS.
- 1,747 sqft
- Year builtThe year the building was originally built, as reported by the listing agent.
- 1900
- On the marketDays since the home was listed. New listings tend to move fastest.
- 55 days ago
- Property type
- Commercial
- Price per sqftList price divided by interior living area — handy for comparing homes of different sizes.
- $356
- Annual taxesLast annual property tax bill reported to the MLS. A new owner's bill can differ.
- $3,886
What’s Special
Gibson Commercial is introducing a 7-unit Mixed use property, located at 497 Broadway, Somerville, Ma. Thie property is a generational asset ,with single owner for decades , in Magoun Sq. The mixed-use property consists of 4 residential units and 3 commercial street level units. The property is 100% occupied. The property offers quality stable tenants with potential for additional revenue via market increases, in line with location and local developments in the adjacent area. The building has been impeccably maintained , eliminating capital ex requirements Magoun Sq is a prime location for multifamily and mid-rise investors , in the thriving Somerville market, the area offers an appealing blend of cultural amenities, vibrant entertainment, and convenient transportation options. With its strategic position in this sought-after location, 497 Broadway presents a promising investment prospect for those seeking to capitalize on dynamic appeal and growth potential. Magoun Square is one of Somerville’s more understated neighborhood centers. Centered at the convergence of Broadway, Medford Streets, and the nearby Green Line Extension Station, the area blends older multi-family homes, local restaurants, corner businesses, and easy access to neighboring Davis, Ball, Spring Hill, sections of Somerville. It is steps away from bordering Medford. A walkable, transit-connected neighborhood with a low-key local feel. Magoun Square is becoming more connected while keeping a lived-in, local character. The arrival of the MBTA Green Line Extension has made the area much easier to reach by transit, for commuters heading toward Cambridge, downtown Boston, or Tufts, and other Somerville and Medford neighborhoods. The station at Magoun Square adds a major convenience factor, though the neighborhood still retains a quieter rhythm than some of Somerville’s better-known squares. The side streets are residential, with a mix of older homes, condominiums, apartments, and multifamily buildings that give the area a familiar Somerville look and feel.
Listing courtesy of Albert Bouchie, Gibson CRE · MLS PIN #73567685
Facts & Features
- Status
- Active
- Active status flag
- Active
- Living area
- 10,660 sqft
MLS PIN #73567685 · Listed August 25, 2026
Location
497 Broadway, Somerville · All Somerville homes
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
$3,800,000
497 Broadway
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
