Active
2 Days on market
128 Central Street Somerville — Photo 1 of 9

128 Central Street Somerville — Photo 1 of 9

$1,700,000

128 Central Street, Somerville, MA 02145

Somerville, MA 02145 — Central Hill

Investor Analysis

Beds

14

Baths

14

SqFt

8,538

Style

5-9 Family

Built

1920

Development opportunity on a 5,990 sf lot in Somerville. Plans in hand for two semi-attached three-family buildings - six units in all - with over 8,500 sf of gross buildable space. House is vacant and ready for demo. The design borrows the neighborhood's mansard rooflines and adds a modern edge: warm wood-toned accent panels, black-framed windows, front balconies, and a roof deck above it all. Each building is drawn with a two-level unit spanning the lower and first floors, a full second floor, and a top floor tucked under the mansard, plus rear decks, exterior stairs, and window wells that pull light below grade. Four parking spaces. Barely a block to the Somerville Community Path and the Hoyt-Sullivan Playground, and equidistant to the Gilman Square and Lowell Street Green Line stops - a transit-minded project. Sarma, Highland Kitchen, Magoun Square nearby.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$199/sqft
Local Avg (Somerville)$491/sqft
59% BelowMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Somerville, MA.

Property Details

Financials

Original Price$1,700,000
Annual Taxes$12,961

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms28
FireplacesNone
Flooring--
BasementFull, Finished, Interior Entry

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningNR

Property & Lot

Acres0.14
SqFt Lot5,990
Lot FeaturesLevel

Neighborhood

Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Bike Path

Geography

Population

27,495

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$124K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

64.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings

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

Listing Provided By

Listing Agent: Lauren Holleran Team

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73580460

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