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3 Palermo St, Cambridge MA 02141

$2,200,000

Estimated $4,373/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $733,333.33

Total Rent: 137400/year

Estimated CAP Rate:

9 Bedrooms

Baths

2814

Total Parking: 0

1,470 (0.03)

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.

This home has been viewed 8 times

Last Checked: May 20th, 2026 at 6:13am (Source: MLS PIN #73519999)

Gross Income: $137,400

Gross Expenses: $9,674

Net Income Calc: $127,726

Annual Expenses for 3 Palermo St, Cambridge MA 02141

Total Gross Expenses (Calculated)$9,674/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9674.22

Annual Income & Unit Breakdown for 3 Palermo St, Cambridge MA 02141

Total Gross Income (Calculated)$137,400

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 3 Palermo St, Cambridge MA 02141

Listing ID73519999

Property TypeMulti Family / 3 Family

Price2200000 ($781.81/SqFt)

Style3 Family

CityCambridge

CountyMiddlesex

MLS AreaEast Cambridge

Neighborhood(s)

Approximate Living Area Total2814

Approximate Lot Size (Acres)0.03

Total Parking0

Garage Parking0

Year Built1903

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningC-1

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 3 Palermo St, Cambridge MA 02141

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsTree House

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 3 Palermo St, Cambridge MA 02141

Real Estate Taxes9674.22

Tax Year2025

Assessed Value$1,523,500

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 3 Palermo St, Cambridge MA 02141

Elementary SchoolLottery

Middle SchoolLottery

High SchoolCrl

Neighborhood(s)

MLS AreaEast Cambridge

Area Amenities

Contact Information for 3 Palermo St, Cambridge MA 02141

Agent

Name: Lisa Godwin

Office

Name: Gibson Sotheby's International Realty

Phone: 617-945-9161

Payment Calculator

, Interest

Property Taxes 806.19

Principal & Interest 13555.7

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gibson Sotheby's International Realty

Lisa Godwin

Agent Phone

Office Phone

(617) 945-9161

Text Agent Call Agent Call Office

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EXIT

33 More Photos

Active

3 Palermo St, Cambridge MA 02141

$2,200,000

Annual Expenses for 3 Palermo St, Cambridge MA 02141

Annual Income & Unit Breakdown for 3 Palermo St, Cambridge MA 02141

General Information for 3 Palermo St, Cambridge MA 02141

Disclosures for 3 Palermo St, Cambridge MA 02141

Financial Information for 3 Palermo St, Cambridge MA 02141

Location Information for 3 Palermo St, Cambridge MA 02141

Contact Information for 3 Palermo St, Cambridge MA 02141

Agent

Office

Payment Calculator

Exclusive Listing Agent

Gibson Sotheby's International Realty

Lisa Godwin