3 Palermo St
$2,200,000
9
Beds
3
Baths
2,814
Sqft
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$2,200,000
9
Beds
3
Baths
2,814
Living Area
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Property Description
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.
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Highlights
- Area: East Cambridge
- Property Class: Residential Income
- Stories: 3
- Year Built: 1903
- Levels: 3
- Property Type: 3 Family
- Total Rooms: 12
- Status: Active
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Additional Details
- Basement: Full, Unfinished
- Lot Features: Level
- Total Number of Units: 3
- Year Built Source: Public Records
- Foundation: Other
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: C-1
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,523,500
- Taxes: $9,674
- Tax Year: 2025
- Total Rent: $11,450
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Listing information provided courtesy of Gibson Sotheby's International Realty.
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