About 38 Sheafe Street
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".
Features of 38 Sheafe Street
| MLS® # | 73515576 |
|---|---|
| Price | $2,195,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,805 |
| Acres | 0.01 |
| Year Built | 1910 |
| Type | Residential Income |
| Sub-Type | 4 Family - 4 Units Up/Down |
| Status | Active Under Contract |
Community Information
| Address | 38 Sheafe Street |
|---|---|
| Area | North End |
| City | Boston |
| County | Suffolk |
| State | MA |
| Zip Code | 02113 |
Amenities
| Parking | On Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 5 |
| Stories | 5 |
Additional Information
| Zoning | R4 |
|---|
Listing Details
| Agent | The Fiorelli Group |
|---|---|
| Office | Maureen Fiorelli Rlty Assoc |