3 Palermo St Cambridge, MA ^$ 2,200,000

3 Palermo St

^$ 2,200,000

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Recently Listed

3 Palermo St

Cambridge, MA, 02141

^$ 2,200,000

Bedrooms9 Baths3.0 Sq 2,814

Monthly Estimate*

^$ 13,546

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Multi-Family Home for sale in Cambridge, MA

for $2,200,000 with 9 bedrooms and 3 full baths. This 2,814 square foot home was built in 1903 on a lot size of 0.03.

Renovated 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.

Multi-Family Active

Price

^$ 2,200,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 9,674

Style

3 Family

Lot Size

0.03

Year Built

1903

Town/City

Cambridge

County/Region

Middlesex

MLS | Web ID

73519999

List By

Lisa Godwin

Listing Agent

Gibson Sotheby's International Realty

Broker

Affordability Calculator

$14,352

Per Month

Monthly Principal & Interest: $13,546
Monthly Property Taxes: $806
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Multi-family listings in Cambridge, MA

Average List Price ^$3,912,398

Percent of Sale Price 78%

About Cambridge, MA

115,839 Population

14% Since 2002

^$90,228 Median Income

34.66 Median Age

17% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
5/15/2026	$2,200,000		Listed Price

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3 Palermo St, Cambridge, MA, 02141 is a Multi-Family Home for sale at $2,200,000 with 2,814 sqft and a lot size of 0.03. 3 Palermo St has 9 bedrooms, 3.0 baths, and was built in 1903. The property's zip code is 02141 which is in Cambridge, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 5/16/2026.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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3 Palermo St

Multi-Family Home for sale in Cambridge, MA

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