Date
Details
Price
Change
Source
5/15/2026
Listed
$2,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,200,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 3 Palermo St
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General
- Price: $2,200,000
- Taxes: $9,674 (2025)
- Status: Active
- Type: Multi-Family
- MLS ID: 73519999
- Updated: 5/19/2026
- Added to Site: 5 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Location
- County: Middlesex
Structural Information
- Basement: Yes
- Stories/Levels: 3
- Square Feet: 2,814
- Year Built: 1903
Lot Features
- Lot Size (Acres): 0.03
Financial Considerations
- Tax Amount: $9,674.22
- Tax Year: 2025
Disclosures and Reports
- Disclosures/Rstr.: First showing will be unit 1 & 3. Second showing will include Unit 2. Unit 1 leased to a daycare through 6/30/26. Unit 2 leased through 6/30/26. Unit 3 is vacant and rent is projected.
- Property ID: M:00080 L:00065, 402741
Listed by Gibson Sotheby's International Realty, Lisa Godwin
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Listing agent
— 3 Palermo St —
Lisa Godwin
Gibson Sotheby's International Realty
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 3 Palermo St
School District:Cambridge School District
| Name | Grades | Distance |
|---|---|---|
Cambridgeport School 89 Elm Street, Cambridge, MA 02139 | PK-5 | 0.3 mi |
Kennedy-Longfellow School 158 Spring Street, Cambridge, MA 02139 | PK-5 | 0.3 mi |
Fletcher/Maynard Academy 225 Windsor Street, Cambridge, MA 02139 | PK-5 | 0.4 mi |
Cambridge Street Upper School 840 Cambridge Street, Cambridge, MA 02141 | 6-8 | 0.1 mi |
Vassal Lane Upper School 158 Spring Street, Cambridge, MA 02141 | 6-8 | 0.3 mi |
Putnam Avenue Upper School 100 Putnam Avenue, Cambridge, MA 02139 | 6-8 | 1.1 mi |
Cambridge Rindge and Latin School 459 Broadway, Cambridge, MA 02138 | 9-12 | 1 mi |
John M. Tobin Montessori School 359 Broadway, Cambridge, MA 02139 | PK-5 | 0.6 mi |
The Amigos School 15 Upton Street, Cambridge, MA 02139 | PK-8 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3 Palermo St
Tax History
Tax History for 3 Palermo St
Year
Property Taxes
Change
Tax Assessment
Change
2024
-100%
$1,523,500
-1%
2022
$8,004
—
$1,538,000
8%
2022
$8,004
—
$1,418,800
5%
2022
$8,004
4%
$1,352,000
3%
2021
$7,678
4%
$1,312,500
2%
2020
$7,415
1%
$1,289,500
4%
2019
$7,353
12%
$1,237,800
19%
2018
$6,563
5%
$1,043,400
8%
2017
$6,247
8%
$962,600
16%
2016
$5,777
3%
$826,400
16%
2015
$5,587
9%
$714,400
17%
2014
$5,134
—
$612,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3 Palermo St
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- Updated 18 hours ago
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- 2Total Baths
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- Multi-Family
- Active
- Updated 1 day ago
- 3Units
- 5Total Beds
- 0.06Acres
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3 Palermo St, Cambridge, MA 02141 (MLS# 73519999) is a Multi-Family property with 3 units containing 9 bedrooms and 3 full bathrooms. 3 Palermo St is currently listed for $2,200,000 and was received on May 15, 2026. Want to learn more about 3 Palermo St? Do you have questions about finding other Multi-Family real estate for sale in Cambridge? You can browse all Cambridge real estate or contact a Coldwell Banker agent to request more information.