No photos available for this listing

$2,200,000

3 Palermo St, Cambridge MA 02141
Cambridge, MA 02141
Listed by Lisa Godwin
Bedrooms
9
Bathrooms
3
Living area
2,814 sqft
Year built
1903

About this home

Renovated (2018) three-family ideally located in the heart of East Cambridge with a strong rental history and excellent investment potential. The property consists of three well-maintained units, each offering three bedrooms and one bathroom, appealing to both investors and owner-occupants alike. The apartments feature updated kitchens and bathrooms, hardwood floors, good natural light, and functional layouts suited to today’s rental market. Strong in-place income with continued rental demand driven by the property’s exceptional location. Conveniently situated near MIT, Kendall Square, Cambridge Crossing, and the area’s renowned restaurants, cafés, shopping, and public transportation. Easy access to major commuter routes, downtown Boston, and the MBTA Red and Green Line stations. A rare opportunity to acquire a turnkey multifamily asset in one of Cambridge’s most sought-after rental markets.

Property details

MLS #
73519999
Property type
3 Family
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
3
Garage spaces
N/A
Lot size
0.03 acres
Loading map…

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)

Mortgage calculator

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

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$13,399/mo
$440,000 down
$1,760,000 loan
Principal & interest$11,415
Property tax (est.)$1,833
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated May 19, 2026.

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.