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$4,995,000

371 Highland Ave Somerville, MA 02144

0.2 acres
Land

Property details

About 371 Highland Ave

371 Highland Ave is a fully permitted and approved 23-unit development opportunity situated in the heart of Davis Square, featuring 13 below-grade parking spaces. The full Construction Document set is available. This mid-rise building encompasses 30,050 gross square feet. The existing building has been demolished and is ready for construction to begin immediately. 371 Highland Ave is strategically placed adjacent to the Davis Square MBTA stop, meeting the growing demand for premium living spaces in this vibrant area. Great opportunity to develop and sell as condos or develop and add a blue-chip rental property to your portfolio.

Highlights

Home typeOther
StatusActive
Lot size0.19 Acres
MLS #73390337

Summary

  • List Price: $4,995,000
  • Annual Tax Amount: $19,611
  • Tax Year: 2024
  • Lot: Level, Other
  • Directions: 371 Highland Ave
  • Lot Size: 0.19 Acres
  • MLS Number: 73390337
  • MLS Name: MLS Property Information Network
  • Office Name: Keller Williams Realty
  • Office Phone: (617) 969-9000
  • Listing Agent: Chris Kostopoulos Group

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/23/2025, 3:45:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Jul 09, 2009
Home Sold
$700,000
Nov 15, 2006
Home Sold
$650,000

Tax history

YearAssessmentProperty Tax
2024$1,077,500$19,611
2023$1,073,600$18,627
2022$1,073,600$18,090
2021$1,073,600$17,918
2020$1,073,600$17,521
2019$1,024,900$17,762

History based on county public records data.

Nearby schools

7

Benjamin G Brown

Public District KG-5

0.3 mi

201 Willow Ave

8

Peabody

Public District PK-5

0.5 mi

70 Rindge Ave

9

Benjamin Banneker Charter Public School

Public Charter PK-6

0.7 mi

21 Notre Dame Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $62,798. Most Somerville, MA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

29%
<35k
39%
35k-100k
22%
100k-200k
10%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

71%
Single, No Kids
1%
Single, with Kids
20%
Married, No Kids
8%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

4%
<11 yrs old
1%
12-17 yrs old
61%
18-34 yrs old
27%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Music ConcertsMusic Concerts
  • Art MuseumsArt Museums
  • TennisTennis

Where do the neighbors shop?

  • H&MH&M
  • BloomingdalesBloomingdales
  • Crate & BarrelCrate & Barrel

Where do the neighbors go to eat?

  • ChipotleChipotle
  • StarbucksStarbucks
  • Boston MarketBoston Market

What do the neighbors drive?

  • VolkswagenVolkswagen
  • AudiAudi
  • BMWBMW

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • NewsNews
  • AlternativeAlternative
All data provided by Home Junction and Claritas

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Frequently asked questions

About 371 Highland Ave

The listing price of 371 Highland Ave property is $4,995,000.

The property 371 Highland Ave is land located in Somerville, Massachusetts, 02144.

Active Listing: 371 Highland Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 371 Highland Ave are: Benjamin G Brown (GreatSchools Rating 7/10), Peabody (GreatSchools Rating 8/10), Benjamin Banneker Charter Public School (GreatSchools Rating 9/10), John F Kennedy (GreatSchools Rating 8/10), Rindge Avenue Upper School (GreatSchools Rating 7/10), West Somerville Neighborhood (GreatSchools Rating 5/10), Somerville High School (GreatSchools Rating 4/10), Cambridge Rindge and Latin (GreatSchools Rating 6/10), Full Circle High School (GreatSchools Rating 1/10).

According to the records, the last property tax for 2024 is $19,611 (source: MLS/based on county public records data).

The last sale was on July 9, 2009 for $700,000 (source: MLS/tax record).

The property 371 Highland Ave is 0.19 acres.

This home is located at 371 Highland Ave in Somerville, MA and zip code 02144 in the Davis Square neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 12, 2025 and is currently priced at $4,995,000.

Over 27 listings were sold over their listed price in June 2025 in Somerville, MA. In the same period over 20 listings were sold below the listed price and 1 listings were sold for the listed price. In June 2025 in Somerville, MA there were 2.8% less homes for sale than in May. In June 2025, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $1,100,000.

From Rocket Homes Real Estate and based on county public records data.

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