55 Elm St, Somerville, MA, 02144
About This Home
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.
Getting Around
Walker's Paradise
Excellent Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Stone
- Roof: Shingle,Rubber
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: 3 Family
Interior
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Vinyl,Hardwood
- Finished area above ground: 2,426
Interior Area
- Total structure area: 2,426
- Total interior livable area: 2,426 sqft
Property
Details
- Parcel number: M:31 B:A L:11A,4271696
- Zoning: NR
Lot
- Lot size: 4,043 sqft
- Features: Corner Lot
Parking
- Total spaces: 2
- Parking features: Off Street
- Uncovered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $19,720 | $236,640 |
| Home Insurance * | $532 | $6,384 |
| Property Taxes | $3,282 | $39,384 |
| Electricity | $478 | $5,740 |
| Total | $24,012 | $288,144 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-18 | Price change | $3,400,000 |
| 2026-06-15 | Listed for sale | $3,900,000 |
| 2021-02-19 | Listing removed | -- |
| 2021-02-10 | Listed for rent | $2,200 |
| 2014-04-08 | Listing removed | $1,850 |
| 2014-01-30 | Listed for rent | $1,850 |
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