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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".
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Basic Information
- Gross Income $92,400
- Lot Features Easements, Level
- Mls StatusActive
- Parcel Number 0302240000,3365340
- Rent Includes Unit 1(Heat, Gas, Water, Hot Water), Unit 2(Heat, Gas, Water, Hot Water), Unit 3(Heat, Gas, Water, Hot Water), Unit 4(Heat, Gas, Water, Hot Water)
- Road Frontage DescriptionPaved
Tax Information
- Tax Assessed Value $1,161,900
- Tax Year 2026
- Taxes$14,539
Parking
- Open Parking YN Yes
- Parking Features On Street
- Parking Spaces
Rooms
- Bathroom4
- Bathrooms Total Decimal 4
- Bedrooms5
- Full Bath4
Basic Information
- List Price$2,195,000
- MLS Number73515576
- Modification Date05/24/2026
- Property SubType4 Family - 4 Units Up/Down
- Virtual TourView Tour
Location
- Address38 Sheafe Street
- Building Number38
- CountySuffolk
- NeighborhoodNorth End
- StateMA
- StreetSheafe Street
- SubdivisionNorth End
- TownBoston
- Zip02113
Building
- BasementFull, Finished, Interior Entry
- Building Area Units Square Feet
- Construction Materials Brick
- Door Features Insulated Doors
- FoundationConcrete Perimeter
- Levels 5
- Patio And Porch Features Patio
- Rooms13
- Stories5
- Units4
- Year Built1910
- Year Built Details Renovated Since
- Year Built Source Public Records
Property
- Acreage0.01
Interior
- Flooring Tile, Hardwood, Wood
- Interior Features
- Bathroom With Tub
- Ceiling Fan(s)
- Family Room
- High Speed Internet
- Kitchen
- Laundry Room
- Living Room
- Open Floorplan
- Pantry
- Remodeled
- Stone/Granite/Solid Counters
- Upgraded Cabinets
- Upgraded Countertops
- Walk-In Closet(s)
Exterior
- Exterior Features Balcony/Deck
- RoofRubber
Utilities
- Electric Individually Metered
- Electric Expense 499
- Heat SystemYes
- Heating Baseboard, Natural Gas
- Sewer Public Sewer
- Water Source Public
Property Information
- Building Area Source Appraiser
- Living Area 2,805
- Lot Size Square Feet 774
- Lot Size Units Acres
- Road Responsibility Public Maintained Road
- Square Feet2,805
- View YN Yes
Amenities
- Amenities
- Bike Path
- Highway Access
- House of Worship
- Laundromat
- Marina
- Medical Facility
- Park
- Pool
- Private School
- Public School
- Public Transportation
- Shopping
- T-Station
- Tennis Court(s)
- University
- Walk/Jog Trails
- Appliances IncludedRange, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
- Other AmenitiesBasement, Tennis
Legal
- ZoningR4
Other
- Date Listed05/09/2026
- Farm Land Area Units Square Feet
- Other Equipment Intercom
- View Count2
Map Location
Listed by The Fiorelli Group of Maureen Fiorelli Rlty Assoc
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