38 Sheafe St Boston, MA 02113
North End NeighborhoodEstimated payment $13,172/month
Highlights
- Marina
- Medical Services
- Open Floorplan
- Beethoven Elementary School Rated A-
- City View
- 2-minute walk to DeFilippo Playground
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".
Listing Agent
The Fiorelli Group
Maureen Fiorelli Rlty Assoc Listed on: 05/09/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,539
Year Built
- Built in 1910
Lot Details
- 774 Sq Ft Lot
- Level Lot
Home Design
- Quadruplex
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- Open Floorplan
- Ceiling Fan
- Insulated Doors
- Family Room
- Living Room
- City Views
- Intercom
Kitchen
- Range
- Microwave
- Freezer
- Dishwasher
- Solid Surface Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- 4 Full Bathrooms
- Bathtub
Laundry
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- On-Street Parking
- Open Parking
Outdoor Features
- Balcony
- Patio
Location
- Property is near public transit and schools
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Separate Meters
- High Speed Internet
Listing and Financial Details
- Rent includes unit 1(heat gas water hot water), unit 2(heat gas water hot water), unit 3(heat gas water hot water), unit 4(heat gas water hot water)
- Assessor Parcel Number 0302240000,3365340
Community Details
Overview
- 4 Units
- Property has 2 Levels
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Tennis Courts
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $499
- Insurance Expense $4,885
- Water Sewer Expense $2,043
- Operating Expense $10,844
- Net Operating Income $81,556
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,185 | $1,138,600 | $319,300 | $819,300 |
| 2024 | $12,664 | $1,161,800 | $319,300 | $842,500 |
| 2023 | $12,798 | $1,191,600 | $319,300 | $872,300 |
| 2022 | $12,745 | $1,171,400 | $319,300 | $852,100 |
| 2021 | $12,443 | $1,166,200 | $315,100 | $851,100 |
| 2020 | $11,904 | $1,127,300 | $315,100 | $812,200 |
| 2019 | $11,689 | $1,109,000 | $315,100 | $793,900 |
| 2018 | $11,166 | $1,065,500 | $303,400 | $762,100 |
| 2017 | $10,876 | $1,027,000 | $288,500 | $738,500 |
| 2016 | $10,808 | $982,500 | $267,200 | $715,300 |
| 2015 | $8,834 | $729,500 | $169,300 | $560,200 |
| 2014 | $9,794 | $778,500 | $145,100 | $633,400 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/03/2026 06/03/26 | Pending | -- | -- | -- |
| 05/09/2026 05/09/26 | For Sale | $2,195,000 | 0.0% | $783 / Sq Ft |
| 12/13/2014 12/13/14 | Rented | $1,450 | 0.0% | -- |
| 12/13/2014 12/13/14 | For Rent | $1,450 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Deed | -- | None Available | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $180,000 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73515576
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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