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.
For sale
$3,900,000
55 Elm St, Somerville, MA 02144
4beds
2,426sqft
3 Family
Built in 1900
-- sqft lot
$-- Zestimate®
$1,608/sqft
$-- HOA
What's special
Two commercial storefrontsDriveway and yardThree-unit multifamily residence
- 17 days |
- 305 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
David Lilley 617-290-5868,
RE/MAX Real Estate Center 617-576-3800
Source: MLS PIN,MLS#: 73536182
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Vinyl, Hardwood
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,426
- Total interior livable area: 2,426 sqft
- Finished area above ground: 2,426
Property
Parking
- Total spaces: 2
- Parking features: Off Street
- Uncovered spaces: 2
Lot
- Size: 4,043 Square Feet
- Features: Corner Lot
Details
- Parcel number: M:31 B:A L:11A,4271696
- Zoning: NR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Frame
- Foundation: Stone
- Roof: Shingle,Rubber
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & HOA
Community
- Features: Public Transportation, Shopping, Highway Access, House of Worship, Public School, T-Station, University
Location
- Region: Somerville
Financial & listing details
- Price per square foot: $1,608/sqft
- Tax assessed value: $1,547,300
- Annual tax amount: $16,881
- Date on market: 6/15/2026
- Total actual rent: 0
Estimated market value
Not available
Estimated sales range
Not available
$3,129/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Listed for sale | $3,900,000$1,608/sqft |
Source: MLS PIN #73536182 Report a problem | ||
| 2/19/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 2/10/2021 | Listed for rent | $2,200+18.9%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/8/2014 | Listing removed | $1,850$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 1/30/2014 | Listed for rent | $1,850$1/sqft |
Source: Zillow Rental Network Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,547,300 +3.5% |
| 2024 | -- | $1,495,100 +5.7% |
| 2023 | -- | $1,414,900 +6.3% |
| 2022 | -- | $1,330,500 +6.9% |
| 2021 | -- | $1,244,700 +5.8% |
| 2020 | -- | $1,176,500 +7.4% |
| 2019 | -- | $1,095,300 +11.6% |
| 2018 | -- | $981,300 +10.4% |
| 2017 | -- | $888,500 +10.8% |
| 2016 | -- | $801,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Porter Square
Nearby schools
GreatSchools rating
- 8/10John F. Kennedy Elementary SchoolGrades: PK-8Distance: 0.1 mi
- 6/10Somerville High SchoolGrades: 9-12Distance: 1 mi
- 8/10Benjamin G. Brown SchoolGrades: K-5Distance: 0.6 mi
A local agent can set up tours, give advice and negotiate with sellers.







