38 Sheafe Street, Boston MA 02113
Boston, MA 02113 • North End
$2,195,000
Est. $12,511/month
About this home
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".
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Property History
Market Insights
Property Timeline
Status: Active under contract
Jun 4, 2026
Active → Active Under Contract
Pending Sale
Jun 3, 2026
Offer accepted, sale pending
Showing Instructions Updated
May 11, 2026
New showing requirements
Listed for Sale
May 9, 2026
$2,195,000
Original listing
Office: Maureen Fiorelli Rlty Assoc
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/04/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 06/03/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 05/11/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 05/09/2026 | 🏠 Listed for Sale | $2,195,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $14,539 | $1,161,900 |
Financial Details
Annual Property Tax
$14,539
Tax Year 2026
Assessed Value
$1,161,900
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family - 4 Units Up/Down
Year Built
1910
Living Area
2,805 sq ft
Lot Size
0.01 acres
Bedrooms
5
Full Baths
4
Total Rooms
13
Investment Metrics
Units
4
Unit 1 Rent
$2,000/mo · N
Unit 2 Rent
$1,000/mo · N
Unit 3 Rent
$2,500/mo · Y
Unit 4 Rent
$2,200/mo · Y
Total Monthly Rent
$7,700/mo
Gross Income
$92,400
Net Operating Income
$81,556
Operating Expenses
$10,844
Water/Sewer Expense
$2,043
Electric Expense
$499
Insurance Expense
$4,885
Cap Rate
3.72%
Interior
Heating
Baseboard, Natural Gas
Cooling
None
Flooring
Tile, Hardwood, Wood
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace
None
Basement
Full, Finished, Interior Entry
Laundry
None
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
Exterior
Construction
Brick
Architecture
None
Roof
Rubber
Features
Balcony/deck
Pool
None
Spa
None
Fencing
None
Patio/Porch
Patio
Parking
Features
On Street
Utilities
Electric
Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$14,539
Assessed Value
$1,161,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Property Is Sold As Is. Information Gathered Through Multiple Sources. Buyers And Buyers Agent To Perform Their Own Due Diligence
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Appraiser
Sq Ft Disclosures
Living area square footage does not include an approximately 170 SqFt finished outdoor patio.
Documents
None
County
Suffolk
Total market time (incl. prior listings)
34 days
Property Overview
Property Type
4 Family - 4 Units Up/Down
Listing Type
For Sale
Year Built
1910
Bedrooms
5
Full Bathrooms
4
Living Area
2,805 sq ft
Total Rooms
13
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,805 sq ft above grade
561 sq ft below grade
Display Options
Outdoor Areas
Patio & porchPatio
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Hardwood, Wood
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
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
Windows:
Basement:
Full, Finished, Interior Entry
Laundry:
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Brick
Roof:
Rubber
Foundation:
Concrete Perimeter
Stories:
5
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas
Cooling:
None
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck
Patio & Porch:
Patio
Fencing:
Other Structures:
Lot Features:
Easements, Level
Road Surface:
Paved
Parking & Garage
Parking Features:
On Street
Special Features
View:
Yes
View Type:
City View(s)
Community 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
Nearby Schools
School District
Boston School District local
C-
Where Graduates Go
Class of 2021
52%
attend college
38%
4-Year
14%
2-Year
7%
Out of State
7%
Working
School Safety
2024-25
3.7%
Above Average
3.2%
Suspensions
0.3%
In-School
0.5%
Emergency
1.8% below state avg
Elementary Schools
3 schools
A
Eliot K-8 Innovation School
0.2 mi
|
#48 of 352
|
Score: 57.2
Improved 2 spots from last year
-1.1 below state avg
784 students
Diverse
Strong Attendance
Grades PK-08
St. John Elementary School
0.3 mi
Grades PK-08
Harvard/Kent Elem
0.7 mi
Middle Schools
1 school
Edwards Middle
1.0 mi
High Schools
2 schools
Charlestown High
1.0 mi
D
Charlestown High School
1.0 mi
|
#322 of 346
|
Score: 31.0
Improved 49 spots from last year
-27.2 below state avg
754 students
Diverse
11 sports
• 488 athletes
Early College Program
Rising School
Grades 07-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$1,212
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
North End
38 Sheafe Street, Boston MA 02113
Boston, MA 02113
Listing Information
Agent MLS ID
TM363084
Office MLS ID
NB3136
Listing Data Updated
Jun 12, 2026 2:12 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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