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.
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