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Maggie Li

I'm Maggie Li, a Newton, MA real estate agent serving first-time buyers, luxury clients and sellers across Greater Boston in English & Mandarin. Let's find your home.

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  • 1229 Centre Street, Newton Centre, MA, USA
  • (774) 222-0952
  • lyx0402@gmail.com

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William Raveis

© 2026 Maggie Li. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 501 Mystic Valley Parkway, Somerville, MA 02144
Active
30 Days on market
501 Mystic Valley Parkway Somerville — Photo 1 of 8

501 Mystic Valley Parkway Somerville — Photo 1 of 8

$8,500,000

501 Mystic Valley Parkway, Somerville, MA 02144

Somerville, MA 02144

Beds

--

Baths

--

SqFt

--

Style

Residential

Built

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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.

Property Details

Financials

Original Price$8,500,000
Annual Taxes$99

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
Zoning99

Property & Lot

Acres0.92
SqFt Lot40,075.2
Lot FeaturesLevel, Cleared

Geography

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

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Full Somerville, MA market report ZIP 02144 market data
Listing Provided By

Listing Agent: Christopher Sower

Listing Office: Cushman & Wakefield

MLS® Number: 73552820

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