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The Bancroft is a luxury 10-unit brick apartment building with premium street-level retail, located in the heart of Boston’s historic Beacon Hill neighborhood. Six-story building features nine residential apartments and one retail suite. Fully renovated and 100% leased, the property generates strong annual income and offers investors an attractive combination of a premier location, high-end finishes, stable in-place cash flow, and future upside potential. Perfect wealth asset for 1031 exchange and long term hold. 88 Charles Street has been thoughtfully renovated and transformed into one of the premier residential rental properties on Charles Street. The unit mix includes eight studio apartments and one duplex two-bedroom apartment. The property also benefits from two valuable off-street parking spaces and a private outdoor patio area at the rear of the building, adjacent to Mt. Vernon Square.

More Info

Basic Information

  • Gross Income $70,800
  • Lot Features Level
  • Mls StatusNew
  • Parcel Number 3354249

Tax Information

  • Tax Assessed Value $2,384,400
  • Tax Year 2027
  • Taxes$37,210

Parking

  • Parking Spaces2

Rooms

  • Bathroom9
  • Bathrooms Total Decimal 9
  • Bedrooms2
  • Full Bath9

Basic Information

  • List Price$6,495,000
  • MLS Number73592727
  • Modification Date10/20/2026
  • Property SubType5-9 Family

Location

  • Address88 Charles
  • Building Number88
  • CountySuffolk
  • StateMA
  • StreetCharles
  • TownBoston
  • Zip02114

Building

  • BasementPartially Finished
  • Building Area Units Square Feet
  • FireplaceYes
  • Fireplaces Total 9
  • FoundationBrick/Mortar
  • Levels 6
  • Rooms12
  • Stories6
  • Units10
  • Year Built1899
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.04

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,590
  • Lot Size Square Feet 1,633
  • Lot Size Units Acres
  • Square Feet4,590

Amenities

  • Other AmenitiesBasement, Fireplace

Legal

  • ZoningRC

Other

  • Date Listed10/20/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by Carl Christie of Carl Christie

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