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3 Family at 3 Palermo Street, Cambridge MA 02141
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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
MLS Property Information Network
MLS #
73577239
Property type
3 Family
Subdivision
N/A
Status
Active
Days on market
38
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. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

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, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 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
Google Places 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 38 days -- 59 fewer days than Cambridge's current average of 97 days.
For reference, the median list price across 1,077 active listings in Cambridge right now is $7,950.

Mortgage calculator

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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 September 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.