Active
1 Days on market
3 Palermo Street Cambridge — Photo 1 of 20

3 Palermo Street Cambridge — Photo 1 of 20

$2,080,000

3 Palermo Street, Cambridge, MA 02141

Cambridge, MA 02141

Investor Analysis

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$739/sqft
Local Avg (Cambridge)$756/sqft
2% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Cambridge, MA.

Property Details

Financials

Original Price$2,080,000
Annual Taxes$10,533

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms15
FireplacesNone
FlooringWood, Tile, Hardwood
BasementFull, Unfinished

Climate & Utilities

Heating--
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
FoundationStone, Brick/Mortar
ZoningC1

Property & Lot

Acres0.03
SqFt Lot1,470
Lot FeaturesOther

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility

Geography

Property History

Listed
$2,080,000

Sep 15, 2026

MLS® 73577239

Expired
$3,950

Dec 31, 2025

MLS® 73387455

Sold
$3,950

Jun 16, 2025

MLS® 73387454

Listed
$3,950

Jun 7, 2025

MLS® 73387455

Listed
$3,950

Jun 7, 2025

MLS® 73387454

Population

14,517

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$127K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

74.5%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Tony Pepdjonovic

Listing Office: Marcus & Millichap Real Estate Investment Services

MLS® Number: 73577239

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