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3 Family at 3 Palermo Street, Cambridge MA 02141, Cambridge
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20 photos

$2,080,000

3 Palermo Street, Cambridge MA 02141
Cambridge, MA 02141
Listed by Tony Pepdjonovic
Bedrooms
9
Bathrooms
3
Living area
2,814 sqft
Year built
1903

About this home

**VACANT** 3 Palermo Street is a three-unit investment property that was fully renovated in 2018 and is located in a very desirable street between Inman and Kendall Squares. The building is entirely comprised of 3-bedroom/1-bath units featuring custom cabinetry, granite counters, stainless steel appliances, hardwood flooring, central air, and tiled bathrooms. Conveniently located near MIT, Kendall Square, Cambridge Crossing, and MBTA Red & Green Line Stations. Unique opportunity for an investor to acquire a vacant building in one of the strongest rental markets in the Boston area.

Property details

MLS #
73577239
Property type
3 Family
Subdivision
N/A
Status
Active
Days on market
9
On market date
September 15, 2026
Stories
3
Total bathrooms
3
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.03 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
King Open
0.06 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
355
Student:teacher ratio
8.5:1
District
Cambridge
Middle
Cambridge Street Upper School
0.06 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
279
Student:teacher ratio
7.5:1
District
Cambridge
HighCharter
Community Charter School of Cambridge
0.47 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
288
Student:teacher ratio
9.3:1
District
Community Charter School of Cambridge (District)

Walkability

Blended score for Cambridge's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

82
Highly walkable
out of 100
EPA National Walkability Index
14.0 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies13

Market position

How this listing compares to current activity in Cambridge, from live MLS data.

On the market 9 days -- 80 fewer days than Cambridge's current average of 89 days.
For reference, the median list price across 919 active listings in Cambridge right now is $5,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$12,676/mo
$416,000 down
$1,664,000 loan
Principal & interest$10,793
Property tax (est.)$1,733
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 6 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.