For sale

$2,080,000

3 Palermo St, Cambridge, MA 02141

9beds

2,814sqft

$12,312/mo

Get pre-qualified

3 Family

Built in 1903

-- sqft lot

$-- Zestimate^®

$739/sqft

$-- HOA

What's special

Central airHardwood flooringStainless steel appliancesTiled bathroomsCustom cabinetryGranite counters

**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.

2 days
112
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 3
Full bathrooms: 3

Cooling

Central Air

Appliances

Included: Range, Dishwasher, Microwave, Refrigerator

Features

Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops
Flooring: Wood, Tile, Hardwood
Basement: Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 2,814
Total interior livable area: 2,814 sqft
Finished area above ground: 2,814

Property

Lot

Size: 1,470 Square Feet
Features: Other

Details

Parcel number: 402741
Zoning: C1

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family

Materials

Frame
Foundation: Stone, Brick/Mortar
Roof: Rubber

Condition

Year built: 1903

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range

Community & HOA

Community

Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University

Location

Region: Cambridge

Financial & listing details

Price per square foot: $739/sqft
Tax assessed value: $1,579,200
Annual tax amount: $10,533
Date on market: 9/15/2026
Total actual rent: 0

Estimated market value

Not available

Estimated sales range

Not available

$4,430/mo

Price history

Date	Event	Price
9/15/2026	Listed for sale	$2,080,000-5.5%$739/sqft
Source: MLS PIN #73577239 Report a problem
8/4/2026	Listing removed	$2,200,000$782/sqft
Source: MLS PIN #73519999 Report a problem
5/15/2026	Listed for sale	$2,200,000+52008%$782/sqft
Source: MLS PIN #73519999 Report a problem
8/30/2019	Sold	$4,222-99.6%$2/sqft
Source: Public Record Report a problem
5/9/2018	Listing removed	$3,800$1/sqft
Source: Cambridge Premier Realty Report a problem
4/20/2018	Price change	$3,800+26.7%$1/sqft
Source: Cambridge Realty Group Report a problem
4/4/2018	Listed for rent	$3,000-21.1%$1/sqft
Source: Apartment Rental Experts Report a problem
8/19/2017	Listing removed	$3,800$1/sqft
Source: Zillow Rental Manager Report a problem
6/26/2017	Listed for rent	$3,800$1/sqft
Source: Zillow Rental Manager Report a problem
3/6/2017	Sold	$1,100,000$391/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,004	$1,523,500 -0.9%
2024	$8,004	$1,538,000 +8.4%
2023	$8,004	$1,418,800 +4.9%
2022	$8,004 +4.2%	$1,352,000 +3%
2021	$7,678 +3.5%	$1,312,500 +1.8%
2020	$7,415 +0.8%	$1,289,500 +4.2%
2019	$7,353 +12%	$1,237,800 +18.6%
2018	$6,563 +5.1%	$1,043,400 +8.4%
2017	$6,247 +8.1%	$962,600 +16.5%
2016	$5,777 +3.4%	$826,400 +15.7%
2015	$5,587 +8.8%	$714,400 +16.6%
2014	$5,134 +4.4%	$612,700 +7.9%
2013	$4,916 -0.5%	$567,700 -2.6%
2012	$4,943 +15.1%	$582,900 +10.8%
2011	$4,294 +3.8%	$526,200 -1.8%
2010	$4,136 +1.2%	$535,700 -0.9%
2009	$4,088 +1%	$540,700 -1.7%
2008	$4,047 -4.3%	$549,900 -2.8%
2007	$4,231 +4.5%	$565,700 +3.1%
2006	$4,049 -1.5%	$548,600 +3.8%
2005	$4,110 +33.6%	$528,300 +31%
2004	$3,077 +20.9%	$403,300 +15%
2003	$2,546 +2.6%	$350,700 +2%
2002	$2,482	$343,800 +111%
1999	--	$162,900