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3 Palermo Street, Cambridge MA 02141

$2,080,000

Estimated $4,250/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $693,333.33

Total Rent: 0/year

Estimated CAP Rate:

9 Bedrooms

Baths

2814

Total Parking: 0

1,470 (0.03)

**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.

This home has been viewed 3 times

Last Checked: September 20th, 2026 at 6:48am (Source: MLS PIN #73577239)

Gross Income: $0

Gross Expenses: $10,533

Net Income Calc: $10,533

Water Views

Annual Expenses for 3 Palermo Street, Cambridge MA 02141

Total Gross Expenses (Calculated)$10,533/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax10533

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

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

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 Street, Cambridge MA 02141

Listing ID73577239

Property TypeMulti Family / 3 Family

Price2080000 ($739.16/SqFt)

Style3 Family

CityCambridge

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total2814

Approximate Lot Size (Acres)0.03

Total Parking0

Garage Parking0

Year Built1903

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningC1

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 3 Palermo Street, Cambridge MA 02141

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Belongings.

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 Street, Cambridge MA 02141

Real Estate Taxes10533

Tax Year2026

Assessed Value$1,579,200

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 Street, Cambridge MA 02141

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 3 Palermo Street, Cambridge MA 02141

Agent

Name: Tony Pepdjonovic

Office

Name: Marcus & Millichap Real Estate Investment Services

Phone: 617-896-7200

Payment Calculator

, Interest

Property Taxes 877.75

Principal & Interest 12816.3

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Marcus & Millichap Real Estate Investment Services

Tony Pepdjonovic

Agent Phone

Office Phone

(617) 896-7200

Text Agent Call Agent Call Office

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EXIT

17 More Photos

Active

3 Palermo Street, Cambridge MA 02141

$2,080,000

Annual Expenses for 3 Palermo Street, Cambridge MA 02141

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

General Information for 3 Palermo Street, Cambridge MA 02141

Disclosures for 3 Palermo Street, Cambridge MA 02141

Financial Information for 3 Palermo Street, Cambridge MA 02141

Location Information for 3 Palermo Street, Cambridge MA 02141

Contact Information for 3 Palermo Street, Cambridge MA 02141

Agent

Office

Payment Calculator

Exclusive Listing Agent

Marcus & Millichap Real Estate Investment Services

Tony Pepdjonovic