3 Palermo Street, Cambridge MA 02141
Cambridge, MA 02141
$2,080,000
Est. $11,595/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
**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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 15, 2026
$2,080,000
Original listing
Agent: Tony Pepdjonovic
Office: Marcus & Millichap Real Estate Investment Services
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/15/2026 | 🏠 Listed for Sale | $2,080,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $10,533 | $1,579,200 |
Financial Details
Annual Property Tax
$10,533
Tax Year 2026
Assessed Value
$1,579,200
Facts & Features
Central AC
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1903
Living Area
2,814 sq ft
Lot Size
0.03 acres
Stories
3
Bedrooms
9
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Unit 3 Rent
— · N
Interior
Heating
None
Cooling
Central Air
Flooring
Wood, Tile, Hardwood
Appliances
Range, Dishwasher, Microwave, Refrigerator
Fireplace
None
Basement
Full, Unfinished
Laundry
None
Features
Stone/granite/solid Counters, Upgraded Cabinets, Upgraded Countertops
Exterior
Construction
Frame
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$10,533
Assessed Value
$1,579,200
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1903
Bedrooms
9
Full Bathrooms
3
Living Area
2,814 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,814 sq ft above grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Tile, Hardwood
Appliances:
Range, Dishwasher, Microwave, Refrigerator
Interior Features:
Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops
Windows:
Basement:
Full, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1903
Structure Type:
Exterior Materials:
Frame
Roof:
Rubber
Foundation:
Stone, Brick/Mortar
Stories:
3
Heating, Cooling & Utilities
Heating:
Heating Zones:
3
Cooling:
Central Air
Cooling Zones:
3
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Cambridge School District local
A-
Where Graduates Go
Class of 2021
65%
attend college
58%
4-Year
7%
2-Year
23%
Out of State
7%
Working
School Safety
2024-25
1.2%
Low
0.8%
Suspensions
0.2%
In-School
0.4%
Emergency
4.3% below state avg
Elementary Schools
10 schools
C
Prospect Hill Academy Charter School
0.5 mi
|
#246 of 346
|
Score: 47.4
Improved 36 spots from last year
-10.8 below state avg
888 students
Diverse
Rising School
College Ready Curriculum
Diverse Student Body
Grades PK-12
A
Amigos School
1.0 mi
|
#46 of 352
|
Score: 57.6
Improved 13 spots from last year
-0.6 below state avg
421 students
Diverse
Diverse Student Body
Strong Attendance
Grades PK-08
St. Peter Elementary School
2.0 mi
Grades PK-08
Cambridge Friends School
2.2 mi
Grades PK-08
Cambridge Montessori School
2.3 mi
Grades PK-06
Shady Hill School
2.4 mi
Grades PK-08
A
Benjamin Banneker Charter Public School
2.4 mi
|
#105 of 825
|
Score: 59.1
Dropped 84 spots from last year
+0.9 above state avg
344 students
Less Diverse
Grades PK-06
Lycee International de Boston/International School of Boston, Inc.
2.9 mi
Grades 01-12
Fayerweather Street School
3.4 mi
Grades PK-08
B-
King Open School
< 0.1 mi
|
#473 of 825
|
Score: 45.4
Dropped 152 spots from last year
-12.8 below state avg
437 students
Very Diverse
Diverse Student Body
Grades PK-05
Middle Schools
5 schools
Allium Montessori School
1.4 mi
Grades 01-06
B-
Cambridge Street Upper School
< 0.1 mi
|
#207 of 352
|
Score: 39.9
Dropped 19 spots from last year
-18.3 below state avg
317 students
Very Diverse
Diverse Student Body
Grades 06-08
B+
Darby Vassall Upper School
0.4 mi
|
#119 of 352
|
Score: 47.6
Improved 25 spots from last year
-10.6 below state avg
296 students
Very Diverse
Rising School
Diverse Student Body
Grades 06-08
A-
Putnam Avenue Upper School
1.1 mi
|
#104 of 352
|
Score: 49.2
Dropped 25 spots from last year
-9 below state avg
286 students
Very Diverse
Diverse Student Body
Grades 06-08
A
Rindge Avenue Upper School
2.3 mi
|
#66 of 352
|
Score: 54.0
Dropped 1 spots from last year
-4.2 below state avg
278 students
Diverse
Diverse Student Body
Strong Attendance
Grades 06-08
High Schools
3 schools
B-
Community Charter School of Cambridge
0.5 mi
|
#205 of 346
|
Score: 51.9
Dropped 84 spots from last year
-6.3 below state avg
244 students
Diverse
7 sports
• 202 athletes
High Graduation Rate
College Ready Curriculum
Grades 06-12
NuVu Innovation School
0.7 mi
Grades 08-12
Farr Academy School
0.9 mi
Grades 07-12
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$878
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
3 Palermo Street, Cambridge MA 02141
Cambridge, MA 02141
Listing Information
Listing Agent
Tony Pepdjonovic
Listing Office
Marcus & Millichap Real Estate Investment Services
Office Phone
617-896-7200
Agent MLS ID
CN212672
Office MLS ID
AN1252
Listing Data Updated
Sep 15, 2026 11:19 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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