Luxury Real Estate Group Boston > Boston > 38 Sheafe Street

LRG Boston

(617) 233-5800

355 Boylston St

Boston, Ma 02116

38 Sheafe Street

Boston, MA

Property Description

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".

offered at

$2,195,000

  • Status: New
  • Listing ID: 73515576
  • Bedrooms: 5
  • Full Baths: 4
  • Living Area: 2,805 sqft Convert
  • Lot Size: 774 sqft Convert

Additional Details

Area: North End

Zip Code: 02113

Contact: LRG Boston at (617) 233-5800

LRGBOSTON.COM

355 Boylston St. Boston, MA 02116

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