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$3,800,000
7 Baths ⋅ 73567685 MLS
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.

497 Broadway, Somerville

Listing courtesy of Listing Agent: Albert Bouchie from Listing Office: .
$1,750,000
6 Beds ⋅ 3 Baths ⋅ 73496740 MLS
Well-maintained three-family on a quiet side street in the desirable Magoun Square neighborhood. Each unit offers two spacious bedrooms along with separate living and dining rooms, creating comfortable and functional layouts. Generous kitchens feature pantry storage, while high ceilings and abundant natural light enhance the inviting interiors. The property also includes a shared backyard area, perfect for outdoor enjoyment. An excellent opportunity for investors or owner-occupants seeking strong rental potential in a prime Somerville location. Current lease agreements in place through May 31, 2027 for units 2 and 3. Unit 1 lease agreement through May 31, 2026.

5 Partridge Avenue, Somerville

Listing courtesy of Listing Agent: Maggie Dee + Charles Cherney Team from Listing Office: Compass.
$1,750,000
8 Beds ⋅ 3 Baths ⋅ 73496739 MLS
Well-maintained three-family on a prominent corner lot in desirable Winter Hill. The first and second floor units each offer three bedrooms across six spacious rooms, featuring high ceilings and abundant natural light. The top floor unit includes two bedrooms and unique access to a turret with sweeping views of the surrounding neighborhood. Unit two enjoys both front and back porches, perfect for outdoor relaxation. Additional highlights include off-street parking for one car and convenient access to the MBTA Green Line at Magoun Square, making commuting a breeze. Ideal opportunity for investors or owner-occupants seeking strong rental potential in a prime location. Current lease agreements in place through May 31, 2027.

452-454 Broadway, Somerville

Listing courtesy of Listing Agent: Maggie Dee + Charles Cherney Team from Listing Office: Compass.

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