Active
55 Days on market
16 Field St Cambridge — Photo 1 of 13

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)$832/sqft
60% 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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