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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 0 |
| Living area | 16,021 sqft |
| Lot size | 0 sqft |
| Year built | 1930 |
| Price / sqft | $312 |
| County | Middlesex |
| MLS # | 73472112 |
Listing status
| Days on market | 117 days |
| Listed on | January 27, 2026 |
Taxes & financials
| Annual property tax | $0 |
| Tax year | 2025 |
| Assessed value | $0 |
| Zoning | 10 |
| Total actual rent | $0/mo |
Building & lot
| Stories | 0 |
| Total rooms | 0 |
| Lot size | 0 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Foundation | Concrete Perimeter |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Somerville →
Listing courtesy of Berkshire Hathaway HomeServices Verani Realty — Jack Lister. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
What kind of property is 371 Highland Ave, Somerville MA 02144?
It is a 5-9 family, 0 bath, 16,021 sqft, built in 1930.
How long has 371 Highland Ave, Somerville MA 02144 been on the market?
371 Highland Ave, Somerville MA 02144 has been listed for 117 days (since January 27, 2026).
What is the estimated cap rate on this property in Somerville?
Based on area median rents, the estimated cap rate is about 1.0%, with a Signal Score of 32/100. These are directional estimates, not an appraisal.
What is the price per square foot?
At $4,995,000 for 16,021 sqft, that's about $312 per square foot.
Where is this property located?
371 Highland Ave, Somerville MA 02144 is in Somerville, Middlesex County, MA 02144.
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