3 Palermo Street Cambridge — Photo 1 of 20
$2,080,000
Investment Analysis — 3 Palermo Street
Cambridge, MA 02141
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-unit multi-family in 02141 carries an estimated $13,680/mo in gross rent — about a 5.49% cap rate and $114,229/yr in estimated NOI at the $2,080,000 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
3
SqFt
2,814
Style
3 Family
Built
1903
**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.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Property History
$2,080,000
Sep 15, 2026
MLS® 73577239
$3,950
Dec 31, 2025
MLS® 73387455
$3,950
Jun 16, 2025
MLS® 73387454
$3,950
Jun 7, 2025
MLS® 73387455
$3,950
Jun 7, 2025
MLS® 73387454
Listing Agent: Tony Pepdjonovic
Listing Office: Marcus & Millichap Real Estate Investment Services
MLS® Number: 73577239