
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Private School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstCloset, Flooring - Hardwood, Kitchen Island, Exterior Access, Recessed Lighting, Gas Stove
Family Room
Lvl FirstFlooring - Hardwood
Primary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl ThirdBathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Half, Bathroom - Tiled With Shower Stall
Bathroom 3
Lvl ThirdBathroom - Full, Bathroom - Tiled With Tub, Skylight, Cathedral Ceiling(s)
Listing Agent: Peter Boyajian Team
Listing Office: Real Estate 109
MLS® Number: 73582280

