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38 Sheafe Street, Boston MA 02113

$2,195,000

Estimated $4,771/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $548,750

Total Rent: 92400/year

Estimated CAP Rate:

5 Bedrooms

Baths

2805

Total Parking: 0

774 (0.01)

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".

This home has been viewed 22 times

Last Checked: June 13th, 2026 at 9:18am (Source: MLS PIN #73515576)

Gross Income: $92,400

Gross Expenses: $25,383

Net Income Calc: $67,017

Water Views

Annual Expenses for 38 Sheafe Street, Boston MA 02113

Total Gross Expenses (Calculated)$25,383/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax14539

Annual Income & Unit Breakdown for 38 Sheafe Street, Boston MA 02113

Total Gross Income (Calculated)$92,400

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit2

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor4

Levels in Unit1

Rent IncludesHeat

General Information for 38 Sheafe Street, Boston MA 02113

Listing ID73515576

Property TypeMulti Family / 4 Family

Price2195000 ($782.53/SqFt)

Style4 Family - 4 Units Up/down

CityBoston

CountySuffolk

MLS AreaNorth End

Neighborhood(s)

Approximate Living Area Total2805

Approximate Lot Size (Acres)0.01

Total Parking0

Garage Parking0

Year Built1910

Year Built SourcePublic Records

Year Built DetailsRenovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR4

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 38 Sheafe Street, Boston MA 02113

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceAppraiser

ExclusionsFireplace Mantel In Living Room Is Excluded.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 38 Sheafe Street, Boston MA 02113

Real Estate Taxes14539

Tax Year2026

Assessed Value$1,161,900

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 38 Sheafe Street, Boston MA 02113

Neighborhood(s)

MLS AreaNorth End

Area AmenitiesWalk/jog Trails

Contact Information for 38 Sheafe Street, Boston MA 02113

Agent

Name: The Fiorelli Group

Office

Name: Maureen Fiorelli Rlty Assoc

Phone: 617-742-3850

Team Members

Name: Alessandra Mestari

Payment Calculator

, Interest

Property Taxes 1211.58

Principal & Interest 13524.89

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Maureen Fiorelli Rlty Assoc

The Fiorelli Group

Agent Phone

Office Phone

(617) 742-3850

Text Agent Call Agent Call Office

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    [unparsed] => 38 Sheafe Street, Boston MA 02113
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EXIT

37 More Photos

Pending

38 Sheafe Street, Boston MA 02113

$2,195,000

Annual Expenses for 38 Sheafe Street, Boston MA 02113

Annual Income & Unit Breakdown for 38 Sheafe Street, Boston MA 02113

General Information for 38 Sheafe Street, Boston MA 02113

Disclosures for 38 Sheafe Street, Boston MA 02113

Financial Information for 38 Sheafe Street, Boston MA 02113

Location Information for 38 Sheafe Street, Boston MA 02113

Contact Information for 38 Sheafe Street, Boston MA 02113

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Maureen Fiorelli Rlty Assoc

The Fiorelli Group