38 Sheafe Street
$2,195,000
5
Beds
4
Baths
2,805
Sqft
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$2,195,000
5
Beds
4
Baths
2,805
Living Area
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Property Description
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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Highlights
- Area: North End
- Heating: Baseboard, Natural Gas
- Property Class: Residential Income
- Stories: 5
- Year Built: 1910
- Has View: Yes
- Levels: 5
- Property Type: 4 Family - 4 Units Up/Down
- Total Rooms: 13
- Status: Active
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
- Construction: Brick
- Flooring: Tile, Hardwood, Wood
- Interior Features: Ceiling Fan(s), Pantry, Stone/Granite/Solid Counters, High Speed Internet, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub, Remodeled, Walk-In Closet(s), Open Floorplan, Living Room, Kitchen, Family Room, Laundry Room
- Road Frontage Type: Public
- SqFt Source: Appraiser
- View: City View(s)
- Year Built Source: Public Records
- Basement: Full, Finished, Interior Entry
- Exterior Features: Balcony/Deck
- Foundation: Concrete Perimeter
- Lot Features: Easements, Level
- Roof: Rubber
- Total Number of Units: 4
- Year Built Details: Renovated Since
- Zoning: R4
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
- Parking Features: On Street
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,161,900
- Tax Year: 2026
- Total Rent: $7,700
- Rental Fee 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)
- Taxes: $14,539
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Maureen Fiorelli Rlty Assoc.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.