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3 Palermo StCambridge, MA 02141

For Sale

$2,200,000

Smart Buyer Rebate $11,000

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.

Listed by Lisa Godwin

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Gibson Sotheby's International Realty

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617-686-0405

Last updated May 19, 2026

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Source: MLSPin #73519999

Listing Facts

  • TypeMulti-family
  • NeighborhoodWellington - Harrington
  • Bedrooms9
  • Bathrooms3
  • Days on Prevu31
  • Taxes$9,674.22/year
  • Size2,814 sqft
  • Price per sqft$782

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

05/15/2026
Listed by Gibson Sotheby's International Realty
$2,200,000

Property Details for 3 Palermo St

Exterior

Construction

  • Number Of Units Total: 3
  • Stories: 3
  • Stories Total: 3
  • Year Built: 1903
  • Year Built Details: Approximate

Measurements

  • Building Area Total: 2,814
  • Building Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.03
  • Lot Size Area: 0
  • Lot Size Square Feet: 1,470
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $137,400.00

Taxes

  • Parcel Number: M:00080 L:00065,402741
  • Tax Annual Amount: $9,674.22
  • Tax Assessed Value: $1,523,500.00
  • Tax Year: 2025

Interior

Measurements

  • Living Area: 2,814
  • Living Area Source: Public Record

Rooms

  • Basement: Full, Unfinished
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 9
  • Rooms Total: 12

Schools

Elementary School

  • Elementary School: Lottery

High School

  • High School: Crl

Middle or Junior School

  • Middle Or Junior School: Lottery

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 9 bedrooms and 3 bathrooms in this multi-family home at 3 Palermo St.

What schools are nearby to 3 Palermo St?

Nearby schools include the Lottery Elementary School, Lottery Middle School, and Crl High School.

What are the annual taxes for 3 Palermo St?

Annual taxes for this multi-family home are estimated at $9,674.

How does 3 Palermo St compare to other multi-family homes in Wellington - Harrington?

This multi-family home is listed 30% above the average price for multi-family homes in Wellington - Harrington and has been on the market for 10 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,814 sqft.

3 Palermo St is a 9-bedroom, 3-bath multi-family home for sale in Cambridge MA 02141. Available on Prevu for 31 days at $2,200,000. This home features 2,814 square feet of living space, located in Wellington - Harrington. The median listing price for multi-family homes in this area is $1,647,500. Nearby schools include Lottery Elementary School, Lottery Middle School, and Crl High School. Additional amenities include parking. View other multi-family home listings in Cambridge.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.