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INVESTMENT SNAPSHOT
About this property
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
| Units | 3 |
| Living area | 2,814 sqft |
| Lot size | 1,470 sqft |
| Year built | 1903 |
| Price / sqft | $782 |
| County | Middlesex |
| MLS # | 73519999 |
Listing status
| Days on market | 4 days |
| Listed on | May 15, 2026 |
Taxes & financials
| Annual property tax | $9,674 |
| Tax year | 2025 |
| Assessed value | $1,523,500 |
| Zoning | C-1 |
| Gross income (actual) | $137,400/yr |
| Net operating income (actual) | $137,400/yr |
| Total actual rent | $11,450/mo |
Building & lot
| Stories | 3 |
| Total rooms | 12 |
| Lot size | 0.03 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Basement | Full, Unfinished |
| Foundation | Other |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of Gibson Sotheby's International Realty — Lisa Godwin. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 3 Palermo St, Cambridge MA 02141 have?
It is a 3-unit multi-family property with 2,814 sqft of living area, built in 1903.
How long has 3 Palermo St, Cambridge MA 02141 been on the market?
3 Palermo St, Cambridge MA 02141 has been listed for 4 days (since May 15, 2026).
What is the estimated cap rate on this 3-family in Cambridge?
Based on area median rents, the estimated cap rate is about 3.7%, with a Signal Score of 69/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $2,200,000 across 3 units, that works out to roughly $733,333 per unit.
What are the property taxes on 3 Palermo St, Cambridge MA 02141?
Annual property taxes are $9,674 (2025), on an assessed value of $1,523,500.
What is the price per square foot?
At $2,200,000 for 2,814 sqft, that's about $782 per square foot.
Where is this property located?
3 Palermo St, Cambridge MA 02141 is in Cambridge, Middlesex County, MA 02141.
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