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16 Coolidge Ave Cambridge — Photo 1 of 36

16 Coolidge Ave Cambridge — Photo 1 of 36

$3,685,000

Investment Analysis — 16 Coolidge Ave

Cambridge, MA 02138 — Coolidge Hill

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02138 carries an estimated $5,600/mo in gross rent — about a 0.86% cap rate and $31,582/yr in estimated NOI at the $3,685,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

3,029

Style

Single Family

Built

1889

Located in the coveted Coolidge Hill Neighborhood this stately Italianate Victorian offers tremendous privacy from its oversized 14,000+ square foot lot, mature gardens and fenced-in yard and is just blocks away from the Shady Hill School and Buckingham Browne & Nichols. Classic 19th century details feature prominently with 9'-6" ceilings on the first floor, period millwork, a robust balustrade and staircase, hardwood and pine flooring, oversized windows, original plaster rosettes and a wrap-around porch. There are large rooms throughout including a double-parlor with wood burning fireplace, formal dining room and contemporary eat-in kitchen with a cozy enameled cast iron VT stove for winter mornings. The 2nd floor offers 9' ceilings, 3 well-proportioned bedrooms, a small study and fully renovated bathroom. The 3rd floor is a special retreat with cathedral ceilings, skylights and a newer vintage style bathroom with clawfoot tub. Also, central AC, 200amp electrical service, 2-car detached brick garage and a new (2025/2026) gas heating system. This is a unique property with many possibilities for adding additional living space, an ADU or potentially additional housing. See agent regarding architectural schematics.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,029 sq ft principal dwelling). Lot size: 14,220 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$3,685,000
Annual Taxes$19,490

Parking

Garage2
Off-Street4

Interior Specifications

Total Rooms9
Fireplaces1
FlooringWood, Tile, Hardwood, Pine
BasementFull, Interior Entry, Bulkhead, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air, Dual, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
Roof--
FoundationStone
ZoningA-2

Property & Lot

Acres0.33
SqFt Lot14,220
Lot FeaturesGentle Sloping, Level

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Disposal

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Private School

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 4Bathroom 3
Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First

Closet, Flooring - Hardwood, Kitchen Island, Exterior Access, Recessed Lighting, Gas Stove

Family Room
Lvl First

Flooring - Hardwood

Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bedroom 4
Lvl Third
Bathroom 1
Lvl First

Bathroom - Half

Bathroom 2
Lvl Second

Bathroom - Half, Bathroom - Tiled With Shower Stall

Bathroom 3
Lvl Third

Bathroom - Full, Bathroom - Tiled With Tub, Skylight, Cathedral Ceiling(s)

Listing Provided By

Listing Agent: Peter Boyajian Team

Listing Office: Real Estate 109

MLS® Number: 73582280