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
Price:
$2,200,000
MLS #:
73519999
Status:
Active
Beds:
9
Baths:
3
Type:
Multi Family
Subtype:
3 Family
Neighborhood:
eastcambridge
Listed Date:
May 15, 2026
Finished Sq Ft:
2,814
Total Sq Ft:
2,814
Lot Size:
1,470 sqft / 0.03 acres (approx)
Year Built:
1903
Units:
3
See this Listing
Schools
Elementary School:
Lottery
Middle School:
Lottery
High School:
Crl
Interior
Above Grade Finished Area
2814
Bathrooms
3 Full Bathrooms
Levels
3
Exterior
Lot Features
Level
Stories
3
Financial
Tax Year
2025
Taxes
$9,674
Map
Community
- Address3 Palermo St Cambridge MA
- CityCambridge
- CountyMiddlesex
- Zip Code02141
Subdivisions in Cambridge
Market Summary
Current real estate data for Multi Family in Cambridge as of Jul 05, 2026
60
Multi Family Listed
97
Avg DOM
728
Avg $ / SqFt
$3,584,330
Avg List Price
Property Summary
- 3 Palermo St Cambridge MA is a Multi Family for sale in Cambridge, MA, 02141. It is listed for $2,200,000 To schedule a showing of MLS#73519999 at 3 Palermo St in Cambridge, MA, contact your Cornerstone Real Estate agent at 617-238-7400.
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Courtesy of Gibson Sotheby’s International Realty. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
3 Palermo St
Cambridge, MA