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.
- Basement:
- Full, Unfinished
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Garage Parking
- Lead Paint:
- Unknown
- Area:
- East Cambridge
- Grade School:
- Lottery
- High School:
- Crl
- Middle School:
- Lottery
- Market Time:
- 4
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $782
- Zoning:
- C-1
- No Units:
- 3
- Orig Price:
- $2,200,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Cambridge
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 02141
- Longitude:
- W72° 54' 26.7''
- Latitude:
- N42° 22' 18.9''
Residential Income
3 Palermo St, Cambridge, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,200,000
- Bedrooms :
- 9
- Rooms :
- 12
- Total Bathrooms :
- 3
- Full Bathrooms :
- 3
- Square Footage :
- 2,814 Sqft
- Year Built :
- 1903
- Lot Area :
- 0.03 Acre
- Listing ID :
- 73519999
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com