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INVESTMENT SNAPSHOT
About this property
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".
Property details
| Units | 4 |
| Living area | 2,805 sqft |
| Lot size | 774 sqft |
| Year built | 1910 |
| Price / sqft | $695 |
| County | Suffolk |
| MLS # | 73515576 |
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 38 Sheafe Street, Boston MA 02113 have?
It is a 4-unit multi-family property with 2,805 sqft of living area, built in 1910.
What is the price per unit?
At a list price of $2,195,000 across 4 units, that works out to roughly $548,750 per unit.
What is the price per square foot?
At $2,195,000 for 2,805 sqft, that's about $695 per square foot.
Where is this property located?
38 Sheafe Street, Boston MA 02113 is in Boston, Suffolk County, MA 02113.
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