For more information regarding the value of a property, please contact us for a free consultation.
38 Sheafe Street Boston, MA 02113
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,950,000
Property Type Multi-Family
Sub Type 4 Family - 4 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,805 sqft
Price per Sqft $695
MLS Listing ID 73515576
Sold Date 08/03/26
Bedrooms 5
Full Baths 4
Year Built 1910
Annual Tax Amount $14,539
Tax Year 2026
Lot Size 435 Sqft
Acres 0.01
Property Sub-Type 4 Family - 4 Units Up/Down
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".
Location
State MA
County Suffolk
Area North End
Zoning R4
Direction Salem Street to Sheafe Street or use GPS
Rooms
Basement Full, Finished, Interior Entry
Interior
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
Heating Baseboard, Natural Gas
Cooling None
Flooring Tile, Hardwood, Wood
Appliance Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Exterior
Exterior Feature Balcony/Deck
Community Features 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
View Y/N Yes
View City View(s)
Roof Type Rubber
Garage No
Building
Lot Description Easements, Level
Story 5
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Read Less
Bought with Shad Ghazarian • Ghazarian Group LLC
NEARBY SCHOOLS & BUSINESSES
GET MORE INFORMATION