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371 Highland Ave, Somerville MA 02144

$4,995,000

Estimated $8,099.37/month Calculator

Multi Family

Total Units: 0

Price Per Unit: $4,995,000

Total Rent: 0/year

Estimated CAP Rate: 0.00%

0 Bedrooms

Baths

16,021 SqFt

Total Parking: 0

Presenting 371 Highland Avenue - LOCATION, LOCATION, LOCATION...a fully approved development site in Davis Square, Somerville. This 30,050 GSF project, approved for 23 units and 13 below-grade parking spaces, is ready for immediate construction.All necessary permits are secured, demolition is complete, and the site has a clean 21E. Comprehensive construction plans are available for your review. Located steps from the Vibrant Davis Square MBTA station (Green and Red lines), this property offers excellent access to nearby colleges, restaurants, shops, and nightlife. It presents a prime opportunity to develop either condominiums or rental properties, addressing the strong housing demand in this highly sought-after area.

This home has been viewed 8 times

Last Checked: January 28th, 2026 at 5:43pm (Source: MLS PIN #73472112)

Gross Income: $0

Gross Expenses: $0

Net Income Calc: $0

CAP Rate: 0.00%

Annual Expenses for 371 Highland Ave, Somerville MA 02144

Total Gross Expenses (Calculated)$0/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax

Annual Income & Unit Breakdown for 371 Highland Ave, Somerville MA 02144

Total Gross Income (Calculated)$0

General Information for 371 Highland Ave, Somerville MA 02144

Listing ID73472112

Property TypeMulti Family / 5+ Family

Price$4,995,000 ($311.78/SqFt)

Style5-9 Family

CitySomerville

CountyMiddlesex

MLS AreaDavis Square

Neighborhood(s)

Approximate Living Area Total16,021 SqFt

Approximate Lot Size (Acres)0

Total Parking0

Garage Parking

Year Built1930

Year Built SourcePublic Records

Year Renovated

Year Built DetailsTo Be Built

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

Zoning10

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 371 Highland Ave, Somerville MA 02144

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 371 Highland Ave, Somerville MA 02144

Real Estate Taxes

Tax Year2025

Assessed Value

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.00%

Location Information for 371 Highland Ave, Somerville MA 02144

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaDavis Square

Area Amenities

Contact Information for 371 Highland Ave, Somerville MA 02144

Agent

Name: Jack Lister

Office

Name: Berkshire Hathaway HomeServices Verani Realty

Phone: 978-475-4411

Payment Calculator

, Interest

Property Taxes 0

Principal & Interest 30777.6

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Verani Realty

Jack Lister

Agent Phone

Office Phone

(978) 475-4411

Text Agent Call Agent Call Office

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EXIT