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Derrike Schmitt
REALTOR®
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83 Wallace, Somerville, MA 02144

$1,380,000
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New to the Market Active
BEDS4 BATHS2 full SQUARE FEET1,650 MLS#73530423
STATUSActive PROPERTY TYPEResidential - Single Family

Property Description

Exceptional development opportunity on one of Somervilles most desirable streets. This grand property offers investors, developers, and end users a chance to make this property magnificent. Renovate the existing 4-bedroom, 2-bath single-family residence into a premier luxury home or explore the potential for a 3-unit development. Ideally located just minutes from Davis Square, one of Somervilles most vibrant and sought-after neighborhoods. Enjoy easy access to gourmet restaurants, popular cafes, H Mart, boutique shopping, and the Davis Square Red Line station, providing a direct commute to Cambridge and downtown Boston. Also, 0.6 miles to the Green Line. Property to be sold as is.

83 Wallace | MLS# 73530423

This single family home located at 83 Wallace, Somerville, MA 02144 is currently listed for sale with an asking price of $1,380,000. This property was built in 1900 and has 4 bedrooms and 2 full baths with 1650 sq. ft. Search Somerville real estate on derrikeschmitt.masiellogrouprealestate.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Full, Walk-Out Access
Cooling: None
Heating: Central, Forced Air
Home Style: Colonial
Lot Size: 0.10 Acres
Roof Type: Shingle
Taxes: $11,516
Year Built: 1900

Feature Descriptions

Appliances: Gas Water Heater, Range
Building Area Total: 1650
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, Public School, T-Station, University
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Electric: Fuses
Exterior: Frame
Flooring: Wood, Tile, Hardwood
HeatingY/N: 1
Lot Features: Gentle Sloping
Master Bathroom: No
Open Parking Y/N: Yes
Parcel Number: 749200
Parking Features: Paved Drive, Off Street, Tandem
Parking Total: 2
Rooms Total: 9
Sewer: Public Sewer
Utilities: for Electric Range
Water: Public

Listed By / Shown By

Listed By

Agency Name: RE/MAX Real Estate Center
Agent Name: Patricia Reilly
Agency Phone: 617-576-3800

Shown By

Agent Name: Derrike Schmitt
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group

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Estimated Payment

$ 4,433.45 per month $3,071.28 Principal & Interest $959.67 Property Tax $402.50 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/05/2026. The listing information on this page last changed on 06/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 06/05/2026 7:49:54 AM EST) or MLSPIN MLS (last updated Fri 06/05/2026 7:46:43 AM EST) or Prime MLS (last updated Fri 06/05/2026 7:33:36 AM EST) or MREIS (last updated Fri 06/05/2026 7:31:38 AM EST). Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate The Masiello Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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