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16 Field St, Cambridge MA 02138

Cambridge, MA 02138 • West Cambridge
$3,500,000
Est. $18,695/month
19
Beds
18
Baths
10,544
Sq Ft
$332
Price/Sq Ft
0.09
Acres
2026
Year Built
3
Days on Market
Active Listed Jul 17, 2026 • MLS# 73551562 Copied! • Updated Jul 19, 2026

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

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%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction Frame
Architecture None
Roof Rubber, Other
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $9,569
Assessed Value $1,506,900
Fee Includes None
Amenities None
Optional Fee Includes None
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.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 2 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

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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:
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
E

Elementary Schools

10 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
A
Benjamin Banneker Charter Public School
0.5 mi | #100 of 824 | Score: 59.4
Dropped 79 spots from last year
+1.2 above state avg
352 students Less Diverse
Grades PK-06
Fayerweather Street School
1.0 mi
Grades PK-08
Shady Hill School
1.0 mi
Grades PK-08
Lycee International de Boston/International School of Boston, Inc.
1.2 mi
Grades 01-12
A
Amigos School
2.1 mi | #45 of 352 | Score: 57.8
Improved 14 spots from last year
-0.5 below state avg
413 students Diverse
Diverse Student Body
Grades PK-08
C
Prospect Hill Academy Charter School
2.2 mi | #253 of 346 | Score: 45.9
Improved 29 spots from last year
-12.3 below state avg
890 students Diverse
High Graduation Rate Rising School College Ready Curriculum Diverse Student Body
Grades PK-12
B+
Peabody School
0.6 mi | #278 of 824 | Score: 51.4
Improved 84 spots from last year
-6.8 below state avg
314 students Very Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

5 schools
Allium Montessori School
1.0 mi
Grades 01-06
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
A-
Putnam Avenue Upper School
1.7 mi | #103 of 352 | Score: 49.1
Dropped 24 spots from last year
-9.1 below state avg
283 students Very Diverse
Diverse Student Body
Grades 06-08
C+
Cambridge Street Upper School
2.4 mi | #214 of 352 | Score: 39.8
Dropped 26 spots from last year
-18.4 below state avg
301 students Very Diverse
Diverse Student Body
Grades 06-08
B+
Darby Vassall Upper School
2.7 mi | #118 of 352 | Score: 47.5
Improved 26 spots from last year
-10.7 below state avg
298 students Very Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

3 schools
Farr Academy School
2.2 mi
Grades 07-12
NuVu Innovation School
2.3 mi
Grades 08-12
B-
Community Charter School of Cambridge
2.9 mi | #178 of 346 | Score: 53.1
Dropped 57 spots from last year
-5.2 below state avg
251 students Diverse
7 sports • 202 athletes
High Graduation Rate College Ready Curriculum
Grades 06-12
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Including down payment
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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

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Payment Over Time

Interest
Principal
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 19, 2026 10:32 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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Steven Novak
Steven Novak
BMN Boston Real Estate
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Steven Novak

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BMN Boston Real Estate

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