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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 10 |
| Living area | 4,590 sqft |
| Lot size | 1,633 sqft |
| Year built | 1899 |
| Price / sqft | $1,415 |
| County | Suffolk |
| MLS # | 73592727 |
Listing status
| Days on market | 0 days |
| Listed on | October 20, 2026 |
Taxes & financials
| Annual property tax | $37,210 |
| Tax year | 2027 |
| Assessed value | $2,384,400 |
| Zoning | RC |
| Gross income (actual) | $70,800/yr |
| Net operating income (actual) | $70,800/yr |
| Total actual rent | $5,900/mo |
Building & lot
| Stories | 6 |
| Total rooms | 12 |
| Lot size | 0.04 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Basement | Partially Finished |
| Foundation | Brick/Mortar |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 88 Charles, Boston MA 02114 have?
It is a 10-unit multi-family property with 4,590 sqft of living area, built in 1899.
How long has 88 Charles, Boston MA 02114 been on the market?
88 Charles, Boston MA 02114 has been listed for 0 days (since October 20, 2026).
What is the price per unit?
At a list price of $6,495,000 across 10 units, that works out to roughly $649,500 per unit.
What are the property taxes on 88 Charles, Boston MA 02114?
Annual property taxes are $37,210 (2027), on an assessed value of $2,384,400.
What is the price per square foot?
At $6,495,000 for 4,590 sqft, that's about $1,415 per square foot.
Is there parking?
2 total parking spaces.
Where is this property located?
88 Charles, Boston MA 02114 is in Boston, Suffolk County, MA 02114.
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