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.
For sale
$2,200,000
3 Palermo St, Cambridge, MA 02141
9beds
2,814sqft
3 Family
Built in 1903
-- sqft lot
$-- Zestimate®
$782/sqft
$-- HOA
What's special
Hardwood floorsUpdated kitchensGood natural lightFunctional layouts
- 52 days |
- 262 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Lisa Godwin 617-686-0405,
Gibson Sotheby's International Realty 617-945-9161
Source: MLS PIN,MLS#: 73519999
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Features
- 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: Level
Details
- Parcel number: M:00080 L:00065,402741
- Zoning: C-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Foundation: Other
Condition
- Year built: 1903
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Cambridge
Financial & listing details
- Price per square foot: $782/sqft
- Tax assessed value: $1,523,500
- Annual tax amount: $9,674
- Date on market: 5/15/2026
- Total actual rent: 11450
Estimated market value
Not available
Estimated sales range
Not available
$4,522/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 | -- | $162,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Wellington-Harrington
Nearby schools
GreatSchools rating
- 9/10Cambridgeport SchoolGrades: PK-5Distance: 0.3 mi
- 7/10Cambridge Street Upper SchoolGrades: 6-8Distance: 0.1 mi
- 8/10Cambridge Rindge and Latin SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Lottery
- Middle: Lottery
- High: Crl
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Cambridge Topics
