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Melanie Gundersheim

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Gundersheim Group Real Estate

© 2026 Melanie Gundersheim. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 55 Elm St, Somerville, MA 02144
Active
66 Days on market
55 Elm St Somerville — Photo 1 of 41

55 Elm St Somerville — Photo 1 of 41

Recent Drop: $500,000

$3,900,000
$3,400,000

$3,400,000

55 Elm St, Somerville, MA 02144

Somerville, MA 02144

Beds

4

Baths

3

SqFt

2,426

Style

3 Family

Built

1900

Rare mixed-use opportunity at one of Somerville’s most recognizable corners, across from the Porter Square Shopping Center and T Stop. Formerly home to the beloved and iconic Big Fish Little Fish store, this highly visible location has been a destination for generations of local residents. The property consists of a 6,290 SF mixed-use building featuring two commercial storefronts, a three-unit multifamily residence (two 1-bedroom units and one 2-bedroom unit), a driveway and yard. The commercial spaces include back rooms and basement storage, with the potential to combine both storefronts into a single larger space. The property offers exceptional redevelopment and investment potential. Ideal for condominiums, multifamily housing, and mixed-use development. Being delivered vacant, this transit-oriented site (also sees lots of foot traffic) provides unmatched accessibility to Cambridge, Boston, and surrounding communities.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$1401/sqft
Local Avg (Somerville)$603/sqft
132% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Somerville, MA.

Property Details

Financials

Original Price$3,900,000
Annual Taxes$16,881.04

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms11
FireplacesNone
FlooringVinyl, Hardwood
BasementFull, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Rubber
FoundationStone
ZoningNR

Property & Lot

Acres0.09
SqFt Lot4,043
Lot FeaturesCorner Lot

Neighborhood

Public Transportation • Shopping • Highway Access • House of Worship • Public School • T-Station

Geography

Property History

Price Drop
$3,400,000

Was $3,900,000

Aug 18, 2026

MLS® 73536182

Listed
$3,900,000

Jun 15, 2026

MLS® 73536182

Listed
$3,400,000

May 30, 2026

MLS® 73527146

Population

25,448

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

Median Household Income

$150K

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

Renter-Occupied Homes

63.4%

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 02144 market data
Listing Provided By

Listing Agent: David Lilley

Listing Office: RE/MAX Destiny

MLS® Number: 73536182

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