16 Field St, Cambridge MA 02138
Cambridge, MA 02138 • West Cambridge
$3,500,000
Est. $18,695/month
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About this home
Will be Fully permitted 9 unit development opportunity in highly desirable West Cambridge. Soon to be approved plans for 8 luxury two-bedroom and 1 three-bedroom residences, each thoughtfully designed with private balconies / studies / roof decks. Ideal for investors or developers. Sell as premium condominiums or hold as high-end rental units. The site will be shovel-ready, allowing immediate demo and construction and reduced timeline to completion. Take advantage of Cambridge’s generous zoning laws and strong demand for upscale housing. Located near Danehy Park, Fresh Pond, playgrounds, acclaimed restaurants, boutique shopping, Harvard Square, Porter Square, Route 2, and the Mass Pike. Enjoy convenient access to the Red Line, commuter rail, Harvard, MIT, Kendall Square, and Cambridge's world-renowned innovation economy. A rare turnkey opportunity in one of Cambridge's most coveted neighborhoods. Please see offering memorandum as well as full set of plans under paper clip.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Property Type Updated
Jul 18, 2026
4 Family → 5-9 Family
Property Type Updated
Jul 17, 2026
5-9 Family → 4 Family
Listed for Sale
Jul 17, 2026
$3,500,000
Original listing
Agent: David Lilley
Office: RE/MAX Real Estate Center
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/18/2026 | 🔧 Property Type Updated | - | - | - | 4 Family → 5-9 Family |
| 07/17/2026 | 🔧 Property Type Updated | - | - | - | 5-9 Family → 4 Family |
| 07/17/2026 | 🏠 Listed for Sale | $3,500,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,569 | $1,506,900 |
Financial Details
Annual Property Tax
$9,569
Tax Year 2025
Assessed Value
$1,506,900
Facts & Features
New Construction
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
2026
Living Area
10,544 sq ft
Lot Size
0.09 acres
Bedrooms
19
Full Baths
18
Total Rooms
53
Investment Metrics
Units
9
Unit 1 Rent
$7,000/mo · N
Unit 2 Rent
$6,000/mo · N
Total Monthly Rent
$13,000/mo
Gross Income
$156,000
Net Operating Income
$156,000
Cap Rate
4.46%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Rubber, Other
Features
Balcony
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,569
Assessed Value
$1,506,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
The Attached Offering Memorandum Is For Illustrative Purposes Only And Does Not Represent The Opinion Or Guarantee Of The Listing Broker. Buyers Must Perform Their Own Due Diligence, Verify All Information, And Independently Evaluate Development Potential.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
4 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
2026
Bedrooms
19
Full Bathrooms
18
Living Area
10,544 sq ft
Total Rooms
53
Stories
6
Levels
6
Floor Layout
Interactive room guide
Floor Layout
Finished Area
9,127 sq ft above grade
1,417 sq ft below grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
2026
Structure Type:
Exterior Materials:
Frame
Roof:
Rubber, Other
Foundation:
Concrete Perimeter
Stories:
6
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Cambridge School District local
A-
Where Graduates Go
Class of 2021
65%
attend college
58%
4-Year
7%
2-Year
23%
Out of State
7%
Working
School Safety
2024-25
1.2%
Low
0.8%
Suspensions
0.2%
In-School
0.4%
Emergency
4.3% below state avg
Elementary Schools
3 schools
Cambridge Montessori School
0.2 mi
Grades PK-06
Cambridge Friends School
0.3 mi
Grades PK-08
St. Peter Elementary School
0.4 mi
Grades PK-08
Middle Schools
3 schools
A
Rindge Avenue Upper School
0.6 mi
|
#67 of 352
|
Score: 54.3
Dropped 2 spots from last year
-3.9 below state avg
292 students
Diverse
Diverse Student Body
Grades 06-08
Allium Montessori School
1.0 mi
Grades 01-06
A+
Belmont Middle School
1.7 mi
|
#15 of 352
|
Score: 62.5
Dropped 13 spots from last year
+4.3 above state avg
742 students
Diverse
Strong Attendance
Grades 07-08
High Schools
1 school
A+
Belmont High School
1.7 mi
|
#10 of 346
|
Score: 75.5
Same rank as last year
+17.3 above state avg
1,454 students
Diverse
21 sports
• 2,714 athletes
Strong AP Program
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
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Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$797
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
West Cambridge
16 Field St, Cambridge MA 02138
Cambridge, MA 02138
Listing Information
Listing Agent
David Lilley
Listing Office
RE/MAX Real Estate Center
Office Phone
617-576-3800
Agent MLS ID
BB301030
Office MLS ID
AN8908
Listing Data Updated
Jul 21, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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