371 Highland Ave, Somerville MA 02144
Somerville, MA 02144 • Davis Square
$4,995,000
Est. $26,585/month
About this home
371 Highland Ave is a fully permitted and approved 23-unit development opportunity situated in the heart of Davis Square, featuring 13 below-grade parking spaces. The full Construction Document set is available. This mid-rise building encompasses 30,050 gross square feet. The existing building has been demolished and is ready for construction to begin immediately. 371 Highland Ave is strategically placed adjacent to the Davis Square MBTA stop, meeting the growing demand for premium living spaces in this vibrant area. Great opportunity to develop and sell as condos or develop and add a blue-chip rental property to your portfolio.
Facts & Features
Property Overview
Property Category
Land
Interior Features
Exterior & Structure
Waterfront Property
No
Lot & Land
Lot Size
0.19 acres
Lot Size
8,127 sq ft
Lot Size Area
0.1900
Lot Features
Level, Other
Road Frontage Type
Public
Parking & Garage
Utilities & Systems
Water Source
Public, On-Site, At Street
Sewer
Public Sewer, On-Site, At Street
Electric
On-Site, At Street
Electric on Property
Yes
Gas
At Street
Community & HOA
Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
HOA
No
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$17,716
Tax Year
2025
Tax Assessed Value
$1,623,800
Parcel Number
M:24 B:F L:5,750336
Zoning
CBD
Additional Details
Location
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Neighborhood
Davis Square
371 Highland Ave, Somerville MA 02144
Somerville, MA 02144
Walkability
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Schools
School information not available
Monthly Payment Calculator
%
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Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$1,476
Homeowners Insurance
$200
PMI
$0
Property History
Property Timeline
Listed for Sale
Jun 12, 2025
$4,995,000
Original listing
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/12/2025 | 🏠 Listed for Sale | $4,995,000 | - | - | Original listing |