17 Monmouth Street offers a rare redevelopment or adaptive reuse opportunity in Somerville’s vibrant Spring Hill neighborhood. The property includes a 6,667 SF structure on an oversized 11,582 SF NR-zoned lot, allowing for low-density residential uses, including multifamily or townhomes. The lot size may support a potential subdivision into two conforming lots, unlocking additional development value. The existing building’s scale and prior institutional use suggest creative reuse potential for community or residential projects. Just minutes from Union Square and the Green Line Extension (GLX), this site provides excellent transit access in a rapidly evolving corridor. Surrounded by historic homes, new developments, and major public/private investment, this location is primed for growth. Buyers to perform all due diligence. No representations made by seller. A strategic opportunity for developers or investors in one of Greater Boston’s most dynamic markets.
17 Monmouth St, Somerville, (Spring Hill), MA, 02143
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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