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38 Sheafe St

boston, MA 02113

$2,195,000

  • 5 BR
    4 BA
    approx. 2,805 SF
  • Contract signed

Interested? Let's Connect

Rarely available & lovingly owned by the same family for generations, this exceptionally maintained 4-family property presents a unique opportunity in the heart of Boston’s historic North End. Strong investment with substantial value-add potential. Pro forma rental income at current market rates is projected at over $140K annually. 2 of the 4 units are currently occupied by family members without leases & are significantly below market rent. The remaining 2 units are also below market value with leases in place through 8/31/26. Property features an extraordinary duplex-style layout with finished lower level, private patio access, & in-unit laundry. 1 of the units has long functioned as a 2-bedroom. Major property improvements include roof in 2023 & hot water tank in 2024. Potential future roof deck opportunity. A rare chance to own a generational asset in one of Boston’s most iconic & sought-after neighborhoods, surrounded by renowned restaurants, cafes, waterfront, downtown & the "T".

Details

2,805 Sq Ft

774 Sq Ft Lot Size

investment

$1,212 Monthly Tax

Built in 1910

MLS/Listing ID 73515576

5 Stories

4 Units

Amenities & Features

Patio

City View

Community - Bike Path

Community - Highway Access

Community - House of Worship

Community - Laundromat

Community - Medical Facility

Community - Private School

Community - Public School

Community - T-Station

Community - University

Community - Walk/Jog Trails

Insulated Doors

Balcony - Deck

Rubber

Upgraded Cabinets

Stone/Granite/Solid Countertops

Living Room

Family Room

Upgraded Countertops

Ceiling Fans

Bathroom with Tub

Open Floor Plan

Pantry

Walk-in Closets

Heating - Baseboard

Heating - Natural Gas

Concrete Perimeter

Hardwood

Tile

Public Sewer

High Speed Internet

Lot - Level

Lot - Easement

Parking - On Street

Washer

Refrigerator

Range

Microwave

Freezer

Dryer

Disposal

Dishwasher

Community - Tennis Courts

Community - Shopping

Public Water

Community - Public Transportation

Community Pool

Community - Park

Community - Marina

Construction - Brick

Natural Wood

Interested In 38 Sheafe St?