
3 Palermo Street Cambridge — Photo 1 of 20
$2,080,000
3 Palermo Street, Cambridge, MA 02141
Cambridge, MA 02141
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
* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Cambridge, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Property History
$2,080,000
Sep 15, 2026
MLS® 73577239
$3,950
Dec 31, 2025
MLS® 73387455
$3,950
Jun 16, 2025
MLS® 73387454
$3,950
Jun 7, 2025
MLS® 73387455
$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 Agent: Tony Pepdjonovic
Listing Office: Marcus & Millichap Real Estate Investment Services
MLS® Number: 73577239
Related Insights

Cambridge FHA Duplex Buyers Face a Narrow Market

Why a Cambridge Duplex Can Beat a Condo
Cambridge Starter Condo Tax Exemption Guide
Cambridge Exemption Filing Checklist for April 1, 2026

Cambridge Property Tax Bills: What Buyers Should Check

Cambridge Prestige or Somerville Savings? The Border Discount Buyers Can’t Ignore

May Mortgage Shock in Cambridge: 20% vs. 10% Down on a $930K Home

Cambridge Condo Sales Are Slowing Fast—Why April Gives Buyers Room to Breathe
Browse More Homes in Cambridge
Explore other active listings in the area.
$4,800,0006 Mercer CircleCambridge, MA4 bd5 ba4,292 sqft
$2,195,00063 Sixth StreetCambridge, MA4 bd3 ba2,700 sqft
$2,400,00014 Saint Paul StCambridge, MA6 bd4 ba3,612 sqft
$4,599,00035 Willard StCambridge, MA6 bd7 ba4,800 sqft
$12,995,00011 Brown StreetCambridge, MA6 bd7 ba7,258 sqft
$955,000135 Tremont StCambridge, MA3 bd2 ba1,188 sqft