$2,195,000

38 Sheafe Street, Boston, MA 02113

  • 5 beds |
  • 4 baths |
  • 2,805 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon436sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $783/sqft
  • Property List Date Icon Listed 21 days ago

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".

Listing Status:
Active
Date Added:
May 9, 2026
Data Last Updated:
May 30, 2026 at 6:07PM
Listing Office:
Maureen Fiorelli Rlty Assoc : 617-742-3850
Listing Agent:
The Fiorelli Group : 917-385-5507
MLS ID:
73515576
  • General: Ceiling Fan(s)PantryStone/Granite/Solid CountersHigh Speed InternetUpgraded CabinetsUpgraded CountertopsBathroom With TubRemodeledWalk-In Closet(s)Open FloorplanLiving RoomKitchenFamily RoomLaundry Room
  • Appliances: RangeDishwasherDisposalMicrowaveRefrigeratorFreezerWasherDryer
  • Basement: FullFinishedInterior Entry
  • Flooring: TileHardwoodWood
  • A/C: None
  • Heating: BaseboardNatural Gas
  • Fireplace: Fireplaces: 0
  • General: Balcony/Deck
  • Parking: On StreetParking spaces: 0
  • Roofing: Rubber
  • General: Brick5Concrete Perimeter
  • Road/Access: Public
  • Originating MLS: MLS Property Information Network
  • County: Suffolk
  • Zoning: R403022400003365340
  • View: City View(s)View
  • Utilities: Individually Metered
  • Water: Public
  • Sewer: Public Sewer
  • Source: MLS Property Information Network

This listing courtesy of The Fiorelli Group , Maureen Fiorelli Rlty Assoc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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