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Commonwealth Standard Realty Advisors

Commonwealth Standard Realty Advisors is a Newton, MA brokerage serving Greater Boston. Honest, full-service representation for buyers, sellers & investors.

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Commonwealth Standard Realty Advisors

© 2026 Commonwealth Standard Realty Advisors. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 318 Somerville, Somerville, MA 02143
Active
202 Days on market
318 Somerville Somerville — Photo 1 of 10

318 Somerville Somerville — Photo 1 of 10

Recent Drop: $1,000

$7,500
$6,500

$6,500

318 Somerville, Somerville, MA 02143

Somerville, MA 02143 — Union Square

Beds

--

Baths

1

SqFt

1,107

Style

Other

Built

9999

Recently renovated commercial space in the heart of Union Square, offering 1,107 sq. ft. ideal for a wide range of creative business concepts. This turnkey space features central heating and air conditioning for year-round comfort, along with an upgraded electrical system equipped with two separate meters for added flexibility. Perfectly positioned near the Union Sq and Gilman Sq MBTA Green Line stations, the location delivers exceptional visibility, high foot traffic, and seamless access to public transportation. Surrounded by a vibrant mix of local shops and steady pedestrian activity, this space provides an excellent opportunity for tenants seeking strong exposure in a thriving community. Easy to show—vacant and secured with a lockbox. Ready for immediate occupancy.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$6/sqft
Local Avg (Somerville)$1/sqft
500% AboveMarket Average

* Analysis is based on 10 actively listed and recently sold comparable properties strictly within Somerville, MA.

Property Details

Financials

Original Price$7,500
Annual Taxes$19,251

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
Water--
Sewer--

Building & Exterior

Construction--
Roof--
Foundation--
Zoning0

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Geography

Property History

Price Drop
$6,500

Was $7,500

Jul 17, 2026

MLS® 73474381

Listed
$7,500

Feb 4, 2026

MLS® 73474381

Expired
$7,500

Dec 31, 2025

MLS® 73294361

Listed
$7,500

Sep 24, 2024

MLS® 73294361

Expired
$5,000

Sep 1, 2024

MLS® 73145165

Listed
$5,000

Aug 5, 2023

MLS® 73145165

Population

25,513

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

Median Household Income

$131K

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

Renter-Occupied Homes

69.0%

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 02143 market data
Listing Provided By

Listing Agent: Clifton Verdieu

Listing Office: Century 21 North East

MLS® Number: 73474381

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