Active
41 Days on market
16 Field St Cambridge — Photo 1 of 13
$3,500,000
16 Field St, Cambridge, MA 02138
Cambridge, MA 02138 — West Cambridge
Beds
19
Baths
18
SqFt
10,544
Style
5-9 Family
Built
2026
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.
Market Value Analysis
This Property
Size (SqFt) →Price →This Property$332/sqft
Local Avg (Cambridge)$738/sqft
55% BelowMarket Average
* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Cambridge, MA.
Property Details
Financials
Original Price$3,500,000
Annual Taxes$9,569
Parking
Garage0
Off-Street0
Interior Specifications
Total Rooms53
FireplacesNone
Flooring--
BasementNone
Climate & Utilities
Heating--
Cooling--
WaterPublic
SewerPublic Sewer
Building & Exterior
ConstructionFrame
RoofRubber, Other
FoundationConcrete Perimeter
ZoningB
Property & Lot
Acres0.09
SqFt Lot4,076
Lot FeaturesLevel
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Population
38,509
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$120K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
58.1%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Middlesex County
2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Provided By
Listing Agent: David Lilley
Listing Office: RE/MAX Destiny
MLS® Number: 73551562
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