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
Price cut: $500K (8/18)
$3,400,000
55 Elm St, Somerville, MA 02144
4beds
2,426sqft
3 Family
Built in 1900
-- sqft lot
$-- Zestimate®
$1,401/sqft
$-- HOA
What's special
Two commercial storefrontsDriveway and yardThree-unit multifamily residence
- 87 days
- 203
- 8
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
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: $1,401/sqft
- Tax assessed value: $1,547,300
- Annual tax amount: $16,881
- Date on market: 7/11/2026
- Total actual rent: 0
Estimated market value
Not available
Estimated sales range
Not available
$2,946/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Price change | $3,400,000-12.8%$1,401/sqft |
Source: MLS PIN #73536182 Report a problem | ||
| 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







