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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, cafs, 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.

More Info

Basic Information

  • Gross Income $137,400
  • Lot Features Level
  • Mls StatusNew
  • Parcel Number M:00080 L:00065,402741

Tax Information

  • Tax Assessed Value $1,523,500
  • Tax Year 2025
  • Taxes$9,674

School Information

  • Elementary SchoolLottery
  • High SchoolCambridge Rindge and Latin School
  • High School Crl
  • Junior HighLottery

Parking

  • Parking Spaces

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms9
  • Full Bath3

Basic Information

  • List Price$2,200,000
  • MLS Number73519999
  • Modification Date05/16/2026
  • Property SubType3 Family

Location

  • Address3 Palermo Street
  • Building Number3
  • CountyMiddlesex
  • NeighborhoodEast Cambridge
  • StateMA
  • StreetPalermo Street
  • SubdivisionEast Cambridge
  • TownCambridge
  • Zip02141

Building

  • BasementFull, Unfinished
  • Building Area Units Square Feet
  • FoundationOther
  • Levels 3
  • Rooms12
  • Stories3
  • Units3
  • Year Built1903
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.03

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 2,814
  • Lot Size Square Feet 1,470
  • Lot Size Units Acres
  • Square Feet2,814

Amenities

  • Other AmenitiesBasement

Legal

  • ZoningC-1

Other

  • Date Listed05/15/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by Lisa Godwin of Gibson Sotheby's International Realty

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