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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".

More Info

Basic Information

  • Gross Income $92,400
  • Lot Features Easements, Level
  • Mls StatusActive
  • Parcel Number 0302240000,3365340
  • Rent 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)
  • Road Frontage DescriptionPaved

Building

  • BasementFull, Finished, Interior Entry
  • Building Area Units Square Feet
  • Construction Materials Brick
  • Door Features Insulated Doors
  • FoundationConcrete Perimeter
  • Levels 5
  • Patio And Porch Features Patio
  • Rooms13
  • Stories5
  • Units4
  • Year Built1910
  • Year Built Details Renovated Since
  • Year Built Source Public Records

Amenities

  • Amenities
    • Bike Path
    • Highway Access
    • House of Worship
    • Laundromat
    • Marina
    • Medical Facility
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
    • University
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
  • Other AmenitiesBasement, Tennis

Tax Information

  • Tax Assessed Value $1,161,900
  • Tax Year 2026
  • Taxes$14,539

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms5
  • Full Bath4

Location

  • Address38 Sheafe Street
  • Building Number38
  • CountySuffolk
  • NeighborhoodNorth End
  • StateMA
  • StreetSheafe Street
  • SubdivisionNorth End
  • TownBoston
  • Zip02113

Exterior

  • Exterior Features Balcony/Deck
  • RoofRubber

Property Information

  • Building Area Source Appraiser
  • Living Area 2,805
  • Lot Size Square Feet 774
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet2,805
  • View YN Yes

Parking

  • Open Parking YN Yes
  • Parking Features On Street
  • Parking Spaces

Basic Information

  • List Price$2,195,000
  • MLS Number73515576
  • Modification Date05/13/2026
  • Property SubType4 Family - 4 Units Up/Down
  • Virtual TourView Tour

Property

  • Acreage0.01

Interior

  • Flooring Tile, Hardwood, Wood
  • Interior Features
    • Bathroom With Tub
    • Ceiling Fan(s)
    • Family Room
    • High Speed Internet
    • Kitchen
    • Laundry Room
    • Living Room
    • Open Floorplan
    • Pantry
    • Remodeled
    • Stone/Granite/Solid Counters
    • Upgraded Cabinets
    • Upgraded Countertops
    • Walk-In Closet(s)

Utilities

  • Electric Individually Metered
  • Electric Expense 499
  • Heat SystemYes
  • Heating Baseboard, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Other

  • Date Listed05/09/2026
  • Farm Land Area Units Square Feet
  • Other Equipment Intercom
  • View Count1

Map Location

Listed by The Fiorelli Group of Maureen Fiorelli Rlty Assoc

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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