88 Charles, Boston MA 02114

Boston, MA 02114
$6,495,000
Est. $36,143/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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2
Beds
9
Baths
4,590
Sq Ft
$1,415
Price/Sq Ft
0.04
Acres
1899
Year Built
2
Parking
20
Days on Market
For Sale Listed Oct 20, 2026 • MLS# 73592727 Copied! • Updated Oct 24, 2026

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About this home

The Bancroft is a luxury 10-unit brick apartment building with premium street-level retail, located in the heart of Boston’s historic Beacon Hill neighborhood. Six-story building features nine residential apartments and one retail suite. Fully renovated and 100% leased, the property generates strong annual income and offers investors an attractive combination of a premier location, high-end finishes, stable in-place cash flow, and future upside potential. Perfect wealth asset for 1031 exchange and long term hold. 88 Charles Street has been thoughtfully renovated and transformed into one of the premier residential rental properties on Charles Street. The unit mix includes eight studio apartments and one duplex two-bedroom apartment. The property also benefits from two valuable off-street parking spaces and a private outdoor patio area at the rear of the building, adjacent to Mt. Vernon Square.

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Recently Sold Nearby

Price & Status History

Property Timeline

🏠
Listed for Sale
Oct 20, 2026
$6,495,000
Original listing
Agent: Carl Christie Office: Carl Christie

Tax History

Year Taxes Assessment
2027 $37,210 $2,384,400

Financial Details

Annual Property Tax
$37,210
Tax Year 2027
Assessed Value
$2,384,400

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1899
Living Area 4,590 sq ft
Lot Size 0.04 acres
Stories 6
Bedrooms 2
Full Baths 9
Total Rooms 12

Investment Metrics

Units 10
Unit 1 Rent $2,975/mo · Y
Unit 2 Rent $2,925/mo · Y
Total Monthly Rent $5,900/mo
Gross Income $70,800
Net Operating Income $70,800
Cap Rate 1.09%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Fireplaces 9
Basement Partially Finished
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Total Spaces 2
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $37,210
Assessed Value $2,384,400
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Suffolk
Total market time (incl. prior listings) 4 days

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1899
Bedrooms
2
Full Bathrooms
9
Living Area
4,590 sq ft
Total Rooms
12
Stories
6
Levels
6

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Partially Finished
Laundry:
Security:

Construction & Materials

Year Built: 1899
Structure Type:
Exterior Materials:
Roof:
Foundation: Brick/Mortar
Stories: 6

Utilities & Systems

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Level
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features:

Special Features

Fireplaces: 9
Fireplace Type:
Community Amenities:

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
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Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $3,101
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Save $0/mo
Current Rate
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+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
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

88 Charles, Boston MA 02114

Boston, MA 02114

Listing Information

Listing Agent Carl Christie
Listing Office Carl Christie
Office Phone 617-942-1137
Agent MLS ID CN238517
Office MLS ID AN6071
Listing Data Updated Oct 24, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steve Novak Real Estate
Steve Novak Real Estate
BMN Boston Powered by SERHANT
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