39 Derby Street, Somerville, MA, 02145

Property Details: • Type: Single Family Residence • Bedrooms: 8 • Bathrooms: 3 • Square Footage: 2,426 sq ft

Description: 39 Derby Street, Somerville, MA 02145 Premium Two-Address Offering Near Assembly Row

Welcome to 3739 Derby Street, an extraordinary in-city land and building opportunity minutes from downtown Boston. This rare two-address package (sold together) delivers unmatched flexibility for an end-user, investor, or developer in the heart of Somervilles fastest-growing corridor.

Property Highlights

Two addresses (37 & 39 Derby St.) sold together a rare combined footprint and frontage

8 bedrooms, 2 full bathrooms, ~2,426 sq ft interior living space

Built in 1920; multi-family layout with finished basement and forced-air heating

Lot size: 3,920 sq ft

Offered at $2,500,000 (~$1,031/sq ft)

Location & Neighborhood

Derby Street sits in Somervilles urban core, a short walk to Assembly Rows shops, dining, AMC theater, Trader Joes, Orange Line and Green Line stations. Quick access to Sullivan Square and I-93 puts Cambridge, downtown Boston, and Logan Airport within minutes. The 2019 zoning overhaul encourages mixed-use, transit-oriented growth, boosting long-term property values.

Somervilles housing market is highly competitive: average home value $950,656 (+1% YOY), homes sell in ~19 days. In Winter Hill, the median sale price was $940K this summer with ~$592/sq ft. Compared to these, this offering provides more square footage, larger lot, and development flexibilitymaking it a standout value.

Investment Potential

This property is more than a homeits a future-proof investment in one of Greater Bostons highest-demand locations. With two addresses on one lot, the setup allows for rental income, condo conversion, or redevelopment (buyer to verify zoning). Rapid sale times, multiple offers, and rising values point to continued appreciation. Transit-oriented zoning and Assembly Rows ongoing growth enhance long-term upside.

Zoning & Development

The parcel lies in the Winter Hill/Assembly Row corridor, governed by Somervilles 2019 zoning reform. This block falls within the Mid-Rise district (e.g., MR-4) near the Assembly Square Mixed-Use District (ASMD).

MR-4 District: Supports multi-family housing, ground-floor commercial, and buildings up to four stories. Setbacks create strong pedestrian streetscapes; reduced parking applies in transit areas.

ASMD (Assembly Square Mixed-Use District): Encourages high-density, mixed-use redevelopment including residential, retail, hotels, labs, R&D, and cultural venues. Goals: attract real-estate investment, new jobs, riverfront improvements, and affordable housing.

Future Uses: Potential for multi-family/condo conversion, mixed-use with commercial ground floor, or higher-density development under ASMD master plan. Transit-oriented incentives may include reduced parking ratios and expedited approvals. Some specialized uses (e.g., labs, large retail) may require special permits.

Why Its a Must-Buy

Two addresses + large lot in a red-hot growth corridor

Walk to Assembly Row & multiple transit lines

Transit-oriented zoning overlay boosts redevelopment potential

Strong market fundamentals = appreciation & income potential

Located on the edge of ASMD, where city priorities favor high-density investment

Terms

Cash offers only no seller or creative financing

Proof of funds required; serious buyers only (no low-ball or contingent offers)

Contact: 857-204-2759 / [email protected] with name, buyer status & proof of funds to schedule a private showing.

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