38 Sheafe Street, Boston, (North End), MA, 02113
13 rooms
5 beds
4 Full baths
1910
2,805 sqft
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".
Status:
Active
Town:
Boston
Type:
Multi-family
Units:
4
Zoning:
R4
Heating:
Baseboard, Natural Gas
Cooling:
None
Basement:
Full, Finished, Interior Entry
Levels:
5
Parking:
On Street
Acreage:
0.01
Est. Taxes:
$14,539
Assessment
$1,161,900
Construction
Brick
Lot Description:
Easements, Level
View Description:
City View(s)
Amenities:
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
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
MLS #:
73515576
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of The Fiorelli Group, Maureen Fiorelli Rlty Assoc Inc. 617-742-3850