38 Sheafe Street, Boston, MA 02113

$2,195,000
5
BD
4
BA
2,805
SqFt

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List Price
$2,195,000
Status
UNDER AGREEMENT
MLS#
73515576
Bedrooms
5
Bathrooms
4
Full Baths
4
Living Area
2,805
Lot Size (Acres)
0.01
Year Built
1910

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".

Additional Information

Area
North End
Taxes
$14,539
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
Parking Description
On Street
Lot Description
Easements, Level
View
City View(s)
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: The Fiorelli Group from Listing Office: Maureen Fiorelli Rlty Assoc.

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