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Active

16 Field St, Cambridge MA 02138

$3,500,000

Estimated $6,473/month Calculator

Multi Family

Total Units: 9

Price Per Unit: $388,888.89

Total Rent: 156000/year

Estimated CAP Rate:

19 Bedrooms

Baths

10544

Total Parking: 0

4,076 (0.09)

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.

This home has been viewed 29 times

Last Checked: July 22nd, 2026 at 5:33am (Source: MLS PIN #73551562)

Gross Income: $156,000

Gross Expenses: $9,569

Net Income Calc: $146,431

Annual Expenses for 16 Field St, Cambridge MA 02138

Total Gross Expenses (Calculated)$9,569/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9569

Annual Income & Unit Breakdown for 16 Field St, Cambridge MA 02138

Total Gross Income (Calculated)$156,000

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit2

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit0

Rent Includes

General Information for 16 Field St, Cambridge MA 02138

Listing ID73551562

Property TypeMulti Family / 5+ Family

Price3500000 ($331.94/SqFt)

Style5-9 Family

CityCambridge

CountyMiddlesex

MLS AreaWest Cambridge

Neighborhood(s)

Approximate Living Area Total10544

Approximate Lot Size (Acres)0.09

Total Parking0

Garage Parking0

Year Built2026

Year Built SourceOwner

Year Built DetailsTo Be Built

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 16 Field St, Cambridge MA 02138

Lead PaintNone

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsElectric Fireplace

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 16 Field St, Cambridge MA 02138

Real Estate Taxes9569

Tax Year2025

Assessed Value$1,506,900

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 16 Field St, Cambridge MA 02138

Neighborhood(s)

MLS AreaWest Cambridge

Area AmenitiesWalk/jog Trails

Contact Information for 16 Field St, Cambridge MA 02138

Agent

Name: David Lilley

Office

Name: RE/MAX Real Estate Center

Phone: 617-576-3800

Payment Calculator

, Interest

Property Taxes 797.42

Principal & Interest 21565.89

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Real Estate Center

David Lilley

Agent Phone

Office Phone

(617) 576-3800

Text Agent Call Agent Call Office

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EXIT

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Active

16 Field St, Cambridge MA 02138

$3,500,000

Annual Expenses for 16 Field St, Cambridge MA 02138

Annual Income & Unit Breakdown for 16 Field St, Cambridge MA 02138

General Information for 16 Field St, Cambridge MA 02138

Disclosures for 16 Field St, Cambridge MA 02138

Financial Information for 16 Field St, Cambridge MA 02138

Location Information for 16 Field St, Cambridge MA 02138

Contact Information for 16 Field St, Cambridge MA 02138

Agent

Office

Payment Calculator

Exclusive Listing Agent

RE/MAX Real Estate Center

David Lilley